What I like about Neo Mastercard, after one month of using it | Neo Financial | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
What I like about Neo Mastercard, after one month of using it
May 5, 2021
5:15 pm
Alexandre
Member
Members
Forum Posts: 402
Member Since:
November 8, 2018
sp_UserOfflineSmall Offline

After using Neo Mastercard for a month, this is what I like most about it. You may say, after reading, that your favorite credit card also has some or even all these things I like - so my reply would be, if I had applied for same credit card as you, I would have liked it, too.

Here is the list of my likes.

3% cashback on Amazon (online), BestBuy (online and in store), L.C.B.O. and Canadian Tire (both in store). List is not complete, but these are my favorites.

Cashback redemption at any time, no minimum amount requirements.

When credit card balance paid from Neo Savings, payment is instantly reflected in credit card.

Every charge placed on my credit card generates email and SMS notifications. I am instantly aware of all transactions.

Signature is not required on the back of credit card. Finally. Never liked signing back of the credit card, and with Chip-and-PIN don't really see the point.

I can turn off some of credit card settings, thus tuning it for only what I use it. Much better than full credit card freezing - but I can also freeze it if I need to. See screenshot below.

Neo-Card-Settings.jpg

May 6, 2021
4:51 am
Nehpets
Ontario
Member
Members
Forum Posts: 759
Member Since:
December 20, 2016
sp_UserOfflineSmall Offline

Alexandre said
......3% cashback on Amazon (online), BestBuy (online and in store), L.C.B.O. and Canadian Tire (both in store). List is not complete, but these are my favorites....... 

Would you point to or show the complete list, Alexandre?
Thanks,

Stephen

May 6, 2021
5:44 am
Alexandre
Member
Members
Forum Posts: 402
Member Since:
November 8, 2018
sp_UserOfflineSmall Offline

Nehpets said

Alexandre said
......3% cashback on Amazon (online), BestBuy (online and in store), L.C.B.O. and Canadian Tire (both in store). List is not complete, but these are my favorites....... 

Would you point to or show the complete list, Alexandre?
Thanks,

Stephen  

I wish I had access to complete list from Neo, but I don't. I used Neo app to search for relevant to me merchants and cashback associated with them. You can use that part of app even if you only have Savings account with Neo. This is how I have found 3% cashback for Amazon and promptly applied for Neo Mastercard.

May 6, 2021
6:19 am
savemoresaveoften
Member
Members
Forum Posts: 577
Member Since:
March 30, 2017
sp_UserOfflineSmall Offline

Its great there is no fee. However I dont like the fact its not straight forward how much rebate one earns. Seems like its designed to be flexible (for them) and one can not even get a sneak peak without applying ? Prefer transparency...

May 6, 2021
1:32 pm
Alexandre
Member
Members
Forum Posts: 402
Member Since:
November 8, 2018
sp_UserOfflineSmall Offline

Agreed, this is not very convenient. I almost missed 3% cashback for Amazon, found it by pure chance.

Neo app will show area on Google Map around your location, and all merchants with cashback. As for online only merchants, this is where it gets tricky. There is search function, by name, but it is hit and miss, at least for me.

Still, a little legwork (or what should we call it in online era) and it becomes a good credit card with nice cashback benefits, if your favorite merchants are in.

With addition of Neo Mastercard to my TD Visa Infinite, I now have 3% cashback for groceries, recurring bills, gasoline, Amazon, LCBO, BestBuy, Canadian Tire, Dollarama, Chapters, Home Hardware.
What not to like?

Please write your comments in the forum.