Neo Financial is a fintech issuer with live cards in {market}. Compare rewards against the annual fee and the purchase {rateAbbr}. Rewards do not offset revolving interest.
Our review
8.7
4.4(1 review)
James Okonkwo · Editor, cards and deposits
Editorial review — not personal advice and not a promise of approval.
Suits:A digital card where rewards and the fee line are published, and you clear the balance.
Neo Financial is a fintech issuer with live cards in Canada. Compare rewards against the annual fee and the purchase APR. Rewards do not offset revolving interest.
Editorial scores
Cost8.6
Flexibility9.0
Transparency8.8
Service8.4
What stands out
Live card offers
Digital application
Rewards published on the card
Neo is listed in Canada because there is a live card offer we can attribute. Compare it on credit cards with the fee and APR as published. Fees and interest is the short explainer.
Editorial review — not advice. Supervision: OSFI and the FCAC.
Pros
Cards appear with a working apply link and published fees.
Rewards and fee are separate lines — you can do the net-cost test.
Application is digital; browsing Buckmatch does not pull a file.
Cons
Not a full-service deposit bank on every product we list.
A high purchase APR makes revolving expensive even with rewards.
Questions about Neo Mastercard
Is Neo a bank?
The live card names the licensed entity behind the product. Read that line; do not assume every Neo product is a deposit account.
Do rewards beat the interest?
Only if you pay the statement in full. Revolving at the purchase rate usually costs more than the rewards pay back.
$0 annual fee; no minimum income; extra cardholder $0
1% cash back on groceries and gas/EV charging (standard card)
Credit limit up to $10,000, or a secured limit with Build ($7.99/month)
Pre-approval uses no hard credit check; Canadian photo ID required
Representative example. Neo Mastercard has $0 annual fee. Purchase APR 19.99%–29.99%; cash advances 22.99%–31.99%. Quebec purchase 19.99%–24.99%; cash advances 22.99%–25% (FAQ truncated on-page). Rate is set at account level. Traditional limit up to $10,000. Secured option requires refundable security funds and Build membership ($7.99/month). Must live in Canada, have Canadian photo ID, and be the age of majority. Source: neofinancial.com/credit-cards/neo-mastercard, 2026-08-27.
How it compares
This card against the next three in this market, on published terms.
How it compares
Neo MastercardThis card
Scotiabank Platinum American Express Card
Scotiabank Value Visa Card
Scotiabank Value Visa Card (for students)
Network
Mastercard
American Express
Visa
Visa
Annual fee
$0
$399
$29
$29
Purchase rate
19.99–29.99%
9.99%
13.99%
13.99%
Rewards
1% on eligible groceries, gas and EV charging, plus qualifying partner cashback offers.
2 Scene+ points/$ on eligible purchases; 5 points/$ on eligible hotels and car rentals booked through Scene+ Travel.
This card focuses on borrowing costs or USD spending rather than a points or cashback programme.
This card focuses on borrowing costs or USD spending rather than a points or cashback programme.
APR
19.99%–29.99%
9.99%
13.99%
13.99%
Credit limit
$10,000
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Card type
Consumer
Consumer
Consumer
Consumer
Reader reviews
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Lowest APR
2–5 pts/$
Rewards
$399
Annual fee
9.99%
Purchase rate
Consumer
Reward points
2 Scene+ points/$ on eligible purchases; 5 points/$ on eligible hotels and car rentals booked through Scene+ Travel.
APR
9.99%
Annual fee: CAD 399. Purchase interest: 9.99%. Cash advances: 9.99%. Rates and fees may change; see issuer information box.
We do not receive commission on this link. Eligibility and final terms are determined by the issuer.
This card focuses on borrowing costs or USD spending rather than a points or cashback programme.
APR
13.99%
Annual fee: CAD 29. Purchase interest: 13.99%. Cash advances: 13.99%. Rates and fees may change; see issuer information box.
We do not receive commission on this link. Eligibility and final terms are determined by the issuer.
This card focuses on borrowing costs or USD spending rather than a points or cashback programme.
APR
13.99%
Annual fee: CAD 29. Purchase interest: 13.99%. Cash advances: 13.99%. Rates and fees may change; see issuer information box. Student eligibility requirements apply.
We do not receive commission on this link. Eligibility and final terms are determined by the issuer.
Neo Financial: Neo Mastercard has $0 annual fee. Purchase APR 19.99%–29.99%; cash advances 22.99%–31.99%. Quebec purchase 19.99%–24.99%; cash advances 22.99%–25% (FAQ truncated on-page). Rate is set at account level. Traditional limit up to $10,000. Secured option requires refundable security funds and Build membership ($7.99/month). Must live in Canada, have Canadian photo ID, and be the age of majority. Source: neofinancial.com/credit-cards/neo-mastercard, 2026-08-27.
Scotiabank: Annual fee: CAD 399. Purchase interest: 9.99%. Cash advances: 9.99%. Rates and fees may change; see issuer information box.
We do not receive commission on this link. Eligibility and final terms are determined by the issuer.
Scotiabank: Annual fee: CAD 29. Purchase interest: 13.99%. Cash advances: 13.99%. Rates and fees may change; see issuer information box.
We do not receive commission on this link. Eligibility and final terms are determined by the issuer.
Scotiabank: Annual fee: CAD 29. Purchase interest: 13.99%. Cash advances: 13.99%. Rates and fees may change; see issuer information box. Student eligibility requirements apply.
We do not receive commission on this link. Eligibility and final terms are determined by the issuer.
