Neo Mastercard (formerly Hudson's Bay Mastercard)
Best for: Former Hudson's Bay cardholders
Pros
- Seamless transition for former HBC cardholders
- No annual fee
Cons
- Low 0.5% base earn
- Hudson's Bay rewards ended
Rates and offers change. Confirm today's terms on the issuer's official site before applying. Independent comparison — not financial advice.
This card was recently refreshed (September 2025). After Hudson's Bay went into creditor protection and closed (June 1, 2025), Neo converted Hudson's Bay Mastercards to the Neo Mastercard in Sept 2025.
Neo Mastercard (formerly Hudson's Bay Mastercard) at a glance
| Issuer | Neo Financial |
| Card network | Mastercard |
| Annual fee | None |
| Rewards rate | 0.5% cash back on all purchases (after conversion, reported) |
| Welcome bonus | None announced |
| Intro APR | None |
| Regular APR | See issuer |
| Foreign transaction fee | See issuer |
| Credit needed | See issuer |
| Best for | Former Hudson's Bay cardholders |
Key features
- Balance, limit and interest rate unchanged at conversion
- Existing cards usable until replacement
- Managed in Neo app
Pros
- Seamless transition for former HBC cardholders
- No annual fee
Cons
- Low 0.5% base earn
- Hudson's Bay rewards ended
Before you apply: terms for new cards change quickly. Confirm the current annual fee, rates, rewards and welcome offer on the official Neo Financial site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.
Sources: savvynewcanadians.com · blog.rewardscanada.ca
How it compares with similar Canada cards
| Card | Annual fee | Rewards | Intro APR | Foreign fee | Credit needed | Rating |
|---|---|---|---|---|---|---|
Neo FinancialNeo Mastercard formerly Hud… 5564 7300 7779 3804 VALID THRU 02/32ALEX MORGAN Neo Mastercard (formerly Hudson's Bay Mastercard)Former Hudson's Bay cardholders |
None | 0.5% cash back on all purchases (after conversion, reported) | None | See issuer | See issuer | — |
Bank of Montreal (BMO)BMO CashBack World Elite Ma… 5461 6543 8707 0295 VALID THRU 02/31ALEX MORGAN BMO CashBack World Elite MastercardGrocery households near the cap who'll use the insurance perks |
C$120/yr | 5% on groceries, 4% on transit, 3% on gas (capped) | Not applicable | 2.5% on foreign currency p… | Good to excellent credit | |
TD Canada TrustTD Cash Back Visa Infinite 4206 3778 4836 9055 VALID THRU 04/31CASEY BROOKS TD Cash Back Visa Infinite CardHigh gas, grocery and bill spenders who'll clear the fee |
C$139/yr | 3% on gas, groceries and recurring bills; 1% elsewhere | Not applicable | 2.5% on foreign currency p… | Good to excellent credit | |
Tangerine BankTangerine Money-Back 5193 9177 9262 5499 VALID THRU 11/28RILEY CHEN Tangerine Money-Back Credit CardNo-fee cashback users who want to pick their own categories |
None | 2% in chosen categories, 0.5% on everything else | Not applicable | 2.5% on foreign currency p… | Good credit |
Reader reviews
No reader reviews yet. Have this card? Share how it has worked for you.
Write a review
Reviews appear after moderation.
Comments & Questions (0)
No comments yet — be the first to ask. Comments appear after review.
Leave a comment
Your comment appears after our team approves it. Or sign in to post faster.