Cashback Breakdown for Neo World Elite® Mastercard
Assuming a $2,100 monthly spend, here’s how cashback earnings compare with and without Neo partners:
Without Neo Partners
- Groceries: $500/month at 5% = $25/month
- Gas: $200/month at 3% = $6/month
- Recurring Bills: $400/month at 4% = $16/month
- Everything Else (non-partner): $1,000/month at 1% = $10/month
Total Monthly Cashback: $57
Total Annual Cashback: $684
Annual Cashback After $125 Fee: $559
—
(50/50 Mix of Partner & Non-Partner Spend)
Assuming $1,000 is spent on “Everything Else” — half at Neo partners, half at non-partners:
Groceries:
$500/month at 5% = $500 * 0.05 = $25/month
Gas:
$200/month at 3% = $200 * 0.03 = $6/month
Recurring Bills:
$400/month at 4% = $400 * 0.04 = $16/month
Everything Else (50% Neo partners, 50% non-partners):
Neo Partner Spend (50% of Everything Else):
$500/month at 5% = $500 * 0.05 = $25/month
Non-Partner Spend (50% of Everything Else):
$500/month at 1% = $500 * 0.01 = $5/month
Total Monthly Cashback = $25 (Groceries) + $6 (Gas) + $16 (Recurring Bills) + $25 (Neo Partner) + $5 (Non-Partner) = $77/month
Total Annual Cashback = $77 * 12 = $924/year
Annual Cashback After $125 Fee: $799
—
With Neo Partners (5% Average on Everything Else)
- Groceries: $500/month at 5% = $25/month
- Gas: $200/month at 3% = $6/month
- Recurring Bills: $400/month at 4% = $16/month
- Everything Else (Neo partner spend): $1,000/month at 5% = $50/month
Total Monthly Cashback: $97
Total Annual Cashback: $1,164
Annual Cashback After $125 Fee: $1,039
—
This makes the Neo World Elite® Mastercard one of the best cashback credit cards in Canada, even if you don’t exclusively shop with Neo partners.
