Neo Credit Card
The Neo Credit Card has quickly become one of Canada’s most talked-about financial products, thanks to its innovative approach, flexible rewards, and easy digital management.
✅ Average of 5% cashback at thousands of partner merchants across Canada, including restaurants, gas stations, and retail stores.
✅ Guaranteed minimum 0.5% cashback on all other purchases, even outside the partner network.
The Neo Credit Card is a no-annual-fee credit card issued by Neo Financial, a Canadian fintech company that partners with ATB Financial and Concentra Bank. It stands out for offering customizable cashback rewards, a streamlined mobile-first experience, and accessibility for individuals with varying credit backgrounds.
What Is the Credit Limit for the Neo Credit Card?
The starting credit limit for the Neo Credit Card is typically $500, but it may be higher depending on your credit history, income, and financial profile. Neo reviews each application individually, and responsible card usage can lead to increased limits over time.
Neo also offers the Neo Secured Credit Card, which starts with a minimum $50 deposit and matches your credit limit to your security deposit — ideal for building or rebuilding credit.
Top Features of the Neo Credit Card
- Cashback Rewards: Earn an average of 5% cashback at thousands of local and national partners across Canada, with guaranteed minimum cashback of 0.5% on all purchases.
- No Annual Fee: The standard Neo Credit Card comes with no annual fee, making it ideal for budget-conscious users.
- Instant Approval: Apply online and get a response in minutes. Many applicants with fair credit are eligible.
- Flexible Rewards: Users can subscribe to upgraded plans for higher cashback rates at select partners, providing more control over how they earn rewards.
- Mobile-First Banking: Manage your card entirely through the Neo app, which allows for real-time tracking, security management, and reward insights.
- Custom Credit Limits: Depending on your credit profile, Neo offers tailored credit limits to suit individual spending habits and financial goals.