Neo Financial JA Money Card

Neo Financial JA Money Card Overview

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**Limited Time Offer: Sign up for Neo Credit or Neo Secured Credit using this link to receive an exclusive $25 welcome offer**

Powered by Neo Financial, the Neo Financial JA Money card is one of the best prepaid Mastercard for teenagers that offers reasonable cashback benefits.

The JA Money card is cost-effective, as it offers no annual charge and free daily transactions. Additionally, this card doubles as a learning tool when you use Neo’s app for financial tracking and have access to Junior Achievement of Canada’s financial knowledge base.

Neo Financial JA Money Card rewards

The card gives teenagers the chance to earn a range of cash-back rewards with Neo partners, such as:

5% cash back at eateries or via delivery services such as Uber Eats.
2% cash back at clothing retailers, such as Simons, JD Sports, and Dynamite.
2% cash back at bookstores such as Indigo or Chapters, or online bookstores such as Kobo.
2% cash back when purchasing gaming accessories and products from companies like Nintendo, Playstation, and Steam.
2% cash back at fitness centres such as YMCA or GoodLife Fitness.

Neo Financial JA Money Card - comparewise

Neo Financial JA Money Card welcome bonus

Neo Financial JA Money Card does not offer a welcome bonus to new users.

Neo Financial JA Money Card cash back

The card offers various cashback rewards to users. However, rewards are only offered when users shop with Neo partners.

Neo Financial JA Money Card rewards plans

The cashback rewards offered by the Neo Financial Junior Achievement Money Card can be redeemed through the Neo app via their Rewards wallet. Cardholders have the option to use their rewards for any purchases they want to make, whether they do so through the Neo Store or other vendors.

Neo Financial JA Money Card key perks

Give-back Opportunities: JA Money cardholders make free donations to the Junior Achievement of Canada Organization just by using the card with no strings attached.

No annual fee or transaction fees: Users don’t have to worry about transaction fees or pay an annual fee to take advantage of all the benefits offered by the JA Money card. However, this Mastercard has a regular 2.50% foreign transaction fee, much like a lot of debit and credit cards.

Cashback rewards tailored to teens: Teenagers can earn cashback on purchases they’re likely to make with the JA Money card in addition to spending categories that most credit cards offer rewards for.

Teenagers who use the JA Money card can earn up to 2% cashback on purchases made in the categories of gaming and entertainment, health and fitness, clothing and footwear, and books—all of which are typically not eligible for cashback.

When using JA Money cards to make purchases from restaurants or food delivery apps, consumers can receive the highest rewards—up to 5% cashback on average.

In-app financial tracking and updates: Like all of Neo Financial’s products, the JA Money card syncs instantly with the Neo Financial app, giving users real-time cash flow insights, transaction tracking, and real-time alerts on their card’s activities.

Safe, secure deposits: Users’ deposits are secure with CDIC protection and a top-notch security infrastructure that safeguards all transactions and payments.

Advanced account security: Users can use two-factor authentication, fingerprint locks, and Face ID to secure their Neo Chequing accounts.

Neo Financial JA Money Card costs and fees

Cash Advance Fee: N/A
Balance Transfer Fee: N/A
Foreign Transaction Fee: 2.50%
Annual Fee: $0
Any Other Fees: Rush access card replacement fee of $29

FAQs about the
Neo Financial JA Money Card

What are the benefits of Neo Financial JA Money card?

Here are some of the main benefits of using the JA Money card:

There are no income requirements.
Up to 5% cash back rewards are available.
No transaction, yearly, or other hidden costs
Free usage of the Neo app and JA Knowledge Hub's financial resources
The JA Money card is linked to a Neo Chequing account, which yields 2.25% interest on your balance.

Who is the Neo Financial JA Money card best suited for?

Neo Financial Junior Achievement Money cards are a fantastic choice for young people who want to learn about personal finance through prepaid cards and how cash-back schemes operate. They would also wind up with some respectable benefits if they managed their money wisely. However, customers who are not underage should go elsewhere if they want a credit card that would help them raise their credit score.

What are the Neo Financial JA Money card requirements?

You must be a resident of Canada and be at least 13 years old outside of Quebec and 14 years old inside of Quebec in order to use a Neo Financial JA Money Card. If you meet this requirement, you can proceed to submit an application for the Neo Financial Junior Achievement Money card. Applying and signing up takes only three minutes. You can use your virtual card as soon as you apply for the JA Money card! Add money to your account to get going. When you make purchases with your virtual card, you'll receive instant rewards and interest on that money.

Where can I use my Neo Financial card?

You can purchase anything you want from Neo Financial Canada retail partners including Canadian Tire, Sport Chek, Netflix, Amazon, Walmart, Loblaws, Dollarama, Petro-Canada, and more. Here's an overview of Neo Financial Canada retail partners along with their respective cashback rewards offer.

How do I deposit money into Neo Financial JA Money card?

There are many methods you can deposit funds into you Neo JA Money Card, including:

Depositing cash at any Bank Audi ATM.
Asking another Neo Client to transfer funds into your account.
Transfers from another card
Transfers from another bank account to your Neo Account.
Cash deposits at neo agents locations.

Are my funds with Neo Financial safe?

Neo's Everyday bank account, supplied by Peoples Bank of Canada (PBC), powers the JA Money Card. As a CDIC member institution, the PBC insures up to $100,000 in deposits made into Neo Chequing accounts. You should be aware that this figure includes qualified PBC accounts as well as combined Neo Chequing accounts. As a result, if you have an account with both PBC and Neo, the maximum coverage between the accounts for each category and depositor is $100,000.

General Terms

The JA Money card is a prepaid Mastercard® issued by Neo Financial pursuant to license by Mastercard International Incorporated. The JA Money card is powered by the Neo Everyday account, which is provided by Peoples Bank of Canada. Deposits held in Neo Everyday account are combined with eligible deposits held at Peoples Bank of Canada, for up to $100,000 of deposit protection, per category, per depositor. For more information about CDIC deposit insurance, please consult CDIC’s website cdic.ca.

Limited-time offer. Referral Credit is conditional on you: (i) being a resident of Canada, a [new] Neo customer, and applying for and being approved for a new Neo Credit card or for opening a Money account; and (ii) fulfilling and accepting all other conditions associated with the Rewards Policy, the Neo Platform Terms and Conditions, Cardholder Agreement and all other applicable terms and conditions. This offer cannot be combined and is not valid with any other offers.