What is the Meaning of Neo Credit Card? Neo is a Canadian tech startup aimed at redefining how people spend, save, and earn rewards. They are assisting you in effectively utilizing your time and your money by starting from the ground up and utilizing today’s technologies. When you make payment with your Neo Card, you’ll have the benefit of getting instant cashback at the places you frequent.
Neo Credit Card – How Does it Work?
Below are some of the benefits and features you can get from using Neo Credit Cards.
- You can use the mobile app to find all the places where you can get cashback.
- Cashback offers are available when you make payments with your Neo Card.
- You can instantly earn cashback from your partners and payout your money whenever you want.
In one tap, you can see all of your awards, your Neo Card information, and even your spending history. When you make any purchase, get cashback, or when it’s time to make a payment, you’ll be notified in real-time. The Neo card is accepted everywhere Mastercard is used.
What is the value of the cashback, and how do the rewards work?
So many local and national Neo partners, including most major gas stations, grocery stores, restaurants, gyms, coffee shops, and more, offer 5% cashback on average. You can get that by simply paying with your Neo Card.
Who can apply for the Neo Card?
To be eligible to apply for the Neo Card, you must reside in Canada, have a Canadian photo ID, and be within the age of majority in your jurisdiction. Credit scores from a variety of sources are also accepted.
Do I need to pay any fees?
There are no recurring or annual fees for the Neo Credit Card. Neo card will assist you to get the best value for your money so you can keep it and spend it any way you choose to.
What is the APR (Annual Percentage Rate) for Purchase Credit?
The Purchase Credit Rate / APR for the Neo Card is 19.99 percent -24.99 percent. Normal purchase and cash advance rates are determined by their evaluation of your credit application, your credit profile, and your province. To get your specific rate, consult your Cardholder Disclosure at the time of your application.
What is the minimum cash back guarantee for the Neo Card and how does it work?
When you shop at any of the Neo partners using your Neo Card, you will get an average of 5% instant partner cashback. Neo card is so confident in the value that this program is providing for its clients that they have promised at least 1% cashback every month. This means that if your instant partner cashback totals less than 1% across all of your purchases at the end of the month for some reason, your Neo card will add up to it to make it 1%.
Three ways to earn on neo card
Earning with your Neo card is a no-brainer, here are three ways to earn.
Cashback at affiliates
With affiliates, you can get huge sign-up bonuses and guaranteed minimum cash back at thousands of local and national Neo partners, you can even earn an average of 5% limitless cashback.
Huge sign-up bonuses
At thousands of local and national Neo partners, you can earn an average of 5% limitless cashback. Interestingly, on your first purchase, a lot of partners will give you huge advantages, such as 15% cashback.
Guaranteed minimum cashback
On all transactions, you can earn a minimum of 1% cashback. If your overall cashback goes below 1% they’ll top you up.
Is neo card safe?
Absolutely Yes, You’re in control with the Mastercard Zero Liability, which protects you from illegal transactions. With just one tap, you can freeze (and unfreeze) your card.
How to Sign in to your Neo Account
To sign in to your Neo account, follow the steps below
- Go to neofinancial.com/login
- Enter your Email password
- Enter your password
- Click on “Sign in” to access your account
How to Activate your Neo Card
Because of security, your physical card now has a new expiry date and CVC code. Any online payment information you’ve saved and submitted will need to be updated with these changes.
Follow the steps below to activate your card.
- Enter your card CVC ( three-digit number at the back of your card).
- Enter month and year of your card
- Enter your neo credit card number
- Enter your four-digit PIN created when you applied for the neo card or which was sent to you when you applied for the Neo card.
- Click on “Continue” when you input all the needed details
Is Neo a Real Credit Card?
Yes, it is! The Neo card is an everyday credit card that can be used to both earn cashback and other exclusive offers at places you love. The card has no annual fee (unless you decide to upgrade your account).
Where is Neo Credit Card Accepted
The Neo Credit card can be accepted anywhere a master card can be accepted.