Is the Neo Reward Credit Card Safe to Use?
Yes, it is safe to use the Neo Reward Credit Card. It operates on the Mastercard network. And it’s held under the same regulations as any other Canadian credit card. Some of the most well-accomplished tech entrepreneurs in the world back Neo Financial, the card provider.
What Are the Eligibility Requirements for the Neo Reward Credit Card?
To qualify for the card, you must be a Canadian resident and the age of majority in your province. You also need a credit score of 650 or more.
Does the Neo Reward Credit Card Affect My Credit Score?
Yes, the Neo Reward Credit Card can affect your credit score. Since applying for Neo Reward Credit Card counts as a new credit application, this can affect your credit score.
Also, your payment history will reflect on your credit report. Therefore, pay what you owe on time, or your credit score may drop.
What Are the Cashback Categories for the Neo Reward Credit Card?
The Neo Reward Credit Card partners operate in different categories, including online shopping, groceries, and gas. You’ll also earn 5% on transportation.
Who Are Some of Neo’s Partners?
Some of Neo’s partners include Netflix, DoorDash, and Spotify. Neo Financial is constantly partnering with new companies to add more rewards and spending opportunities for you.
What Is the Cashback Amount and How Do the Rewards Work?
You can earn up to 15% cashback on your first purchase from Neo’s partners. Afterward, you can earn an average of 5% cashback when shopping at participating stores locally and nationwide. Simply make a purchase using your Neo Card to earn cashback rewards automatically.
How Much Are My Rewards Worth?
Whether you redeem them for credit or purchases, your rewards are worth $1 per reward point.