Neo Financial Referral Bonus

Neo Financial is a Canadian fintech that bundles credit cards, savings and chequing accounts, and a prepaid card under one app. Neo’s cashback rate depends on which credit card you’re approved for, not a single blended rate:

Card	Annual fee	Min. income	Groceries	Gas	Recurring bills	Everything else
Neo Mastercard	$0	None (guaranteed approval)	1%	1%	—	—
Neo World Mastercard	$0	$50,000/year	2%	2%	2%	0.5%
Neo World Elite Mastercard	$149*	$80,000/year	5%	3%	4%	1%

Neo’s help centre fee schedule lists the World Elite annual fee as $149, though Neo’s own marketing pages have shown a lower figure ($125) in the past — confirm the exact current fee in the app before applying. All three cards report to TransUnion and Equifax and come with an instant virtual card.

Carrying a balance matters too: Neo’s published purchase APR for the standard Mastercard runs roughly 19.99% to 29.99% depending on your credit profile (lower in Quebec), so the cashback is most valuable if you pay your statement in full. Other notable card fees: a 3% foreign currency conversion fee on non-CAD purchases, and a $29 overlimit fee if you exceed your credit limit by $15 or more (not charged to Quebec residents).

On top of base cashback, Neo’s partner network adds extra cashback at participating merchants. Independent reviews currently cite figures in the 10,000+ to 12,000+ range for the number of partner stores, restaurants, and services — treat the exact count as approximate and check neofinancial.com for the current number. Partner cashback stacks on top of your card’s base rate rather than replacing it.

Neo’s savings products are also tiered rather than one account with a range of rates. Neo High-Interest Savings pays a flat 1.25%. Neo Savings pays up to 3.0%, but the higher rate requires keeping a qualifying combined balance across your Neo Savings, Everyday, and High-Interest Savings accounts, and the rate is subject to change. The Neo Everyday chequing-style account pays 0.1% interest, charges no monthly fee, has no minimum balance, and supports Interac e-Transfer. Deposits across Neo Everyday, Neo Savings, and Neo High-Interest Savings are CDIC-insured up to $100,000 per account category through Neo’s banking partner.

Neo Financial referral bonus requirements

The referral bonus applies to new Neo Financial customers who open a Neo credit card or Neo Everyday account and deposit at least $50 within 90 days of signing up. Credit card approval is separate from the Everyday account path, and eligibility can vary by province. Review Neo’s current referral terms before you apply.

Neo Mastercard cashback overview

Beyond the signup bonus, which Neo card and account combination makes sense depends on your spending categories, credit profile, and whether you’ll carry a balance. Cashback tiers, fees, and partner rates are all subject to change, so check Neo’s app or website for the current numbers before applying. For a prepaid Mastercard with high interest on your balance, see the KOHO referral bonus. If you are comparing bitcoin rewards and crypto spending, see the Shakepay referral bonus.