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Cash Back Cards · Canada

Neo World Mastercard (Shop & Dine)

Best for: Canadians who spend most on restaurants and shopping

Annual feeNo annual fee
IssuerNeo Financial
NetworkMastercard
Purchase APRSee issuer
Foreign transaction feeSee issuer
Credit neededSee issuer

Pros

  • No annual fee
  • Secured version available

Cons

  • Monthly spending caps limit the bonus rate
  • Newer issuer with fewer branches or partners

Rates and offers change. Confirm today's terms on the issuer's official site before applying. Independent comparison — not financial advice.

Neo Financial launched the Shop & Dine version of its Neo World Mastercard on June 4, 2026, one of four new cards built around how Canadians spend.

Neo World Mastercard (Shop & Dine) at a glance

IssuerNeo Financial
Card networkMastercard
Annual feeNone
Rewards rate2% on food, drink and shopping (monthly caps apply) cash back
Welcome bonusSee issuer for the current offer
Intro APRNone
Regular APRSee issuer
Foreign transaction feeSee issuer
Credit neededSee issuer
Best forCanadians who spend most on restaurants and shopping

Key features

  • Cash back: 2% on food, drink and shopping (monthly caps apply)
  • Also available as a secured card for people building credit
  • Monthly spending caps per category apply, after which the earn rate drops

Pros

  • No annual fee
  • Secured version available

Cons

  • Monthly spending caps limit the bonus rate
  • Newer issuer with fewer branches or partners

Before you apply: terms for new cards change quickly. Confirm the current annual fee, rates, rewards and welcome offer on the issuer's official site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.

Sources: www.newswire.ca

How it compares with similar Canada cards

CardAnnual feeRewardsIntro APRForeign feeCredit neededRating
Neo World Mastercard (Shop & Dine)Canadians who spend most on restaurants and shopping
None 2% on food, drink and shopping (monthly caps apply) cash back None See issuer See issuer
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 4.4
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 4.4
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 4.3

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