Pros & Cons
Pros
- +Up to 5x on Restaurants
- +Purchase protection included
- +Travel medical insurance included
Cons
- –High annual fee ($149/yr)
- –Foreign Transaction Fee (2.5%)
- –No airport lounge access despite fee
Our Review
The Neo World Elite® Mastercard – Shop & Dine offers some of the highest cash back rates in the country for dining and shopping. Earn 5% cash back every time you dine out or order takeout, and 3% on in-store purchases, with 1% everywhere else.
Benefit from comprehensive insurance including extended warranty, purchase protection and travel insurance, as well as a DragonPass membership for airport lounges around the world.
Combined with additional cash back at over 10,000 Neo partners and an instant credit limit of up to $30,000, this is a card designed for those who spend at restaurants and in stores.
Purchases on Amazon and at warehouse stores are not eligible for the shopping rate. Travel insurance is not available to Quebec residents. DragonPass membership is included; fees apply for each lounge visit.
Rewards
All Spending
1x
Cash Back pts per dollar
Restaurants
5x
Entertainment
3x
Office
3x
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$408
$/yr
Estimated Value
$408
After Fees
+$259
1st Year Value
$259
incl. welcome bonus
Annual rewards breakdown
Travel Insurance
Travel Medical
Up to $1,000,000 / 14 days
Trip Cancellation
Up to $1,000
Trip Interruption
Up to $1,000
Delayed Baggage
Up to $1,000
Lost Baggage
Included
Flight Delay
Up to $250
Hotel Burglary
Up to $1,000
Travel Accident
Up to $100,000
Purchase Protection
Purchase Protection
Up to $1,000 / 90 days
Extended Warranty
+1 year(s)
Auto Rental
Up to $65,000 / 48 days
Interest Rates
- Purchase Rate19.99%
- Cash Advance22.99%
- Foreign Transaction Fee2.5%
Eligibility
Personal Income
$80,000
Household Income
$150,000
Terms & Conditions
Card Features
- 5% cash back on restaurants, bars and fast food (up to $1,000/month, then 1%)
- 3% on shopping: clothing, shoes, electronics, home and garden, and more (up to $1,000/month, then 1%)
- 1% cash back everywhere else, with no cap
- Mastercard World Elite® travel benefits: collision/damage insurance for car rentals, comprehensive travel insurance and DragonPass membership
- Additional cash back at over 10,000 Neo network partners (5% on average, up to 15%)
- Instant credit limit up to $30,000
- Annual fee of $149
- Secured option to build credit history (same cash back rates)
Legal
Conditions Apply. See the application for complete details.
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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Neo. All trademarks are property of their respective owners.