Neo World Elite Mastercard

Up to 5% on groceries, with monthly limits.

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Key Facts

Annual fee: $149
Groceries: 5% (up to $1,000 a month)
Recurring payments: 4% (up to $500 a month)
Gas: 3% (up to $1,000 a month)
Everything else: 1%
Income needed: $80K personal or $150K household

Facts checked November 2026. Rates and fees can change.

The Neo World Elite in Short

The Neo World Elite Mastercard costs $149 a year. It pays 5% on groceries (on up to $1,000 a month), 4% on recurring payments (up to $500 a month), 3% on gas (up to $1,000 a month), and 1% on everything else. You need an income of $80K, or $150K for your household.

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Questions

Does the Neo World Elite Mastercard have an annual fee?

Yes. Annual fee: $149.

What income do I need for the Neo World Elite Mastercard?

$80K personal or $150K household.

Can I use the Neo World Elite Mastercard at Costco?

Yes. Costco warehouses in Canada take Mastercard.

How do I get extra cash back when I apply for the Neo World Elite Mastercard?

Apply through Great Canadian Rebates or FinlyWealth. They pay you a cash rebate when you're approved, on top of the welcome offer from the bank.

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