Neo Mastercard Review - Cashback Credit Card Canada 2022

In this video I review the Neo Mastercard. This is a one-of-a-kind cashback credit card that's only available in Canada. In this video I will go over the rewards, features, fees, cons and give my opinion on the Neo card.
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SIGN-UP BONUS
$50 sign-up bonus when you sign up for the Neo Mastercard using my link below
neo.cc/refer/W3D2B4E5 & get an extra $10 when you sign-up for Neo Money
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CHAPTERS
0:00 What is Neo Financial?
1:17 Fees
1:57 Rewards
4:45 Paid plans
6:16 Features
6:45 Cons
8:10 Who is this card for?
8:42 My final thoughts
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DISCLAIMER - This is not a sponsored video, all my content is my own opinion and experiences. I am not a financial advisor and my videos are for entertainment purposes only. The financial products above contain affiliate links. Which means I earn a commission when signing up using my link at no extra cost to you. In most cases you get a sign-up bonus. All of my affiliate partners are with companies I use for my own personal finances.
Music: Coupe By The Grand Affair & Intentions by Anno Domini Beats
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[@CharleeWayne]

$50 sign-up bonus when you sign up for the Neo Mastercard using my link below neo.cc/refer/W3D2B4E5 & get an extra $10 when you sign-up for Neo Money

[@isao_the_2nd]

Does the Neo MC also earn cash back on reoccurring utility payments?

[@CharleeWayne]

most utility companies don't accept credit card payments. And most credit cards cant pay a utility bill like a bill payment. the triangle mastercard is the only credit card that can pay bills like you would with a chequing account.

[@isao_the_2nd]

@@CharleeWayne Yeah but, what about Tangerine's money-back MCs as well as Scotiabank's momentum visa infinite cash back card? 🧐💭🤔

[@CharleeWayne]

@@isao_the_2nd reoccurring bill payments can be accepted anywhere that accepts credit cards. But usually utility bills (like a electrical bill) doesn’t accept credit cards

[@CharleeWayne]

@@GrayMatterNZ 0:00

[@MrSakald]

That's to difficult. I'll stick with Tangerine

[@Volfas]

not worth the hassle for me

[@CharleeWayne]

100%

[@toodharrison3175]

100%

[@sounds0fmeows]

It’s not a bank though. It’s a fintech company, it’s not good to mislead people, plus it’s not a reliable source if you want to build your credit.

[@davemcgee515]

I believe that you don’t know what you are talking about. Your information is incorrect.

[@CharleeWayne]

how so

[@cepaees]

The cash back Looks Better Then what Koho offers . Do you agree??

[@CharleeWayne]

Yes Neo offers better cashback but these cards are completely different. KOHO encourages you to save while Neo encourages you to spend.

[@isao_the_2nd]

@@CharleeWayne what are your thoughts about RBC acquiring HSBC Canada? And also, will it mean that HSBC's flagship World Elite MasterCards will be grandfathered (discontinued and no longer available to future new customers)?

[@genuinelysarcastic]

This sounds like a great card. I am also a Canadian who is trying to make KZbin a side hustle. Is there any advice you can give me? I love your channel and all of your work!

[@CharleeWayne]

thank you. My advice would be make searchable content on topics with low competition. Once you build a big enough audience then you can make any kind of content.

[@sickleharvestsleeks]

Cibc visa/ Costco master card/ Rogers master card Best combination cash back cards for now

[@CharleeWayne]

Thanks for sharing

[@Vinny081976]

You have a lot of missing information. You forgot Neo Invest. In which it can be used as a savings tool.

[@CharleeWayne]

It’s a credit card review

[@kriesvasallo7593]

They took $1000 from my td account?! How can i get it back

[@CharleeWayne]

don't ask me, ask them

[@SuzieQ90]

@@CharleeWayne lol 😄

[@SFXENT]

Hello great video i have a question Ive read online they do not report the card to the bureaus im trying to rebuild my credit from my reckless 20s lol can you confirm or deny this?

[@CharleeWayne]

They didn’t report when this video was made. It may have changed now

[@sounds0fmeows]

It’s true they don’t report.

[@charu002]

They still do! How can i apply for amex cobalt card if they still see the previous statement and not see the latest one that is fully paid off? I only have $500 credit limit on my visa card and this neo at $750. Better not to use it then. Yes, i got rejected. It just sucks that this is the only mastercard i have and i do shopping at no frills and superstore

[@katiekeating4809]

🙌🏻

[@mikeyoung7640]

If you already have this card, should you cancel it because I still got my TD credit card and it’s my old card but my new card is brand new will it affect my credit score for the rest of my life if I cancel my new card now

[@CharleeWayne]

Closing a new credit card will likely negatively affect your score. Not for the rest of your life. Closing a older credit card will more likely negatively affect your score. If the credit cards are no annual fee the best option is not to close them and let them just sit there.

[@sounds0fmeows]

it will affect your credit score because Neo doesn’t report to credit bureaus.. I will make your credit score go down since it doesn’t report to anyone

[@DuglasR]

What does the “up to $15 back mean” is it a just one time thing or does it reset every month?

[@CharleeWayne]

Depends on the offer

[@iansmith3406]

There is 0 chargeback or fraud protection on that card so if your card gets stolen and somebody racks up a bill which could be up to 8k you are on the hook.

[@CharleeWayne]

Copied from their agreement disclosure: Lost or Stolen Cards and Maximum Liability for Unauthorized Use: If a Card, Card Account information, Cheque, PIN, Password, or other Security Credential, is lost or stolen or suspected lost or stolen, you must notify Neo Financial immediately by ​utilizing in-app functionality, contacting ​chat support, ​or calling ​1-855-636-2265.​ You will not be liable for unauthorized use of the Card or Card Account that occurs after you have notified us that your Card, Card Account information, Cheque, PIN, Password or other Security Credential may have been lost or stolen

[@arisgolseen2693]

wtf 😂you really think they would be in business without the #1 most important thing about credit cards? check the reply of course they have security cmon now

[@imkriswithak1135]

Thanks for this, i also thought the cash back system made me spend more by shopping at places i dont usually shop. Im sticking with koho for now. Until my credit is good enough for tangerine visa. Any thougts on the change koho did from visa to now mastercard?

[@CharleeWayne]

The tangerine Mastercard is a tricky one. You can have good credit but still not get approved. I finally got approved on my 3rd try

[@SuzieQ90]

@@CharleeWayne I think he's talking about the Koho MasterCard.....maybe look into that

[@badboy95ca]

@@CharleeWayne what credit rating should you need to apply for tangerine?

[@limonad5896]

Hello Charlee, I apologize for disturbing you here. Could you please check your Hotmail inbox, I sent you an ad request. Thank you!

[@charleehelpline2492]

Okay