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Neo Financial is welcoming new cardmembers with a $50 $35 (CAD) cash bonus (referral below). The fintech company provides a cashback rewards Mastercard and high-interest savings account for Canadians. For more on Neo Financial and their current welcome offer, keep reading.
Update 12/19/22: Bonus has decreased from $50 to $35.
Neo Financial $35 Welcome Bonus
Use a referral link to earn a $35 welcome bonus.
You’ll earn $25 when you get a Neo Card, and $10 when you get a Neo Money account and deposit a minimum of $50.
This offer is valid for first-time applicants only. q
Neo Financial Features
Neo Financial is a Canadian fintech company that provides a cashback rewards credit card and high-interest savings accounts.
Neo Mastercard
The Neo credit card offers elevated cashback rewards when shopping with partner merchants and a guaranteed minimum of 1% cash back across all purchases every month.
Members get to choose from three different reward structures and pricing:
| PLAN | AVERAGE CASHBACK | PRICING |
| Neo Standard | 4% | $0/month |
| Neo Plus | 5% | $2.99/month |
| Neo Ultra | 6% | $8.99/month |
Plus, enjoy huge welcome bonuses (like 15% cashback) on your first purchase at most Neo partners.
Neo Savings Account
The Neo savings account is currently offering 1.30% interest on your deposits. Members can use the account like a regular bank account, saving and spending while earning interest and without having to pay:
- Monthly fees
- Minimum balance fees
- Interac e-Transfer fees
- Bill payment fees
- Opening and closing account fees
- Inactive account fees
- Electronic transfer fees
The savings account by Neo Financial is CDIC insured for up to $100,000.
Bottom Line
If you’re Canadian and you’re looking for a low-cost cashback credit card and high-interest savings account, Neo Financial is an excellent choice. Don’t forget to use a referral link to open a Neo credit card and get a free $50 cash bonus.
If you need a little more help with budgeting, you’ll want to consider KOHO. They’re currently offering a $20 welcome bonus.=
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