Neo credit card review 2023

As a no-annual-fee credit card, the Neo Credit Card unlocks special deals and incentives at your frequent locations. To learn more about the Neo Credit Card, please continue reading.

Neo card with credit builder

To assist people in improving their credit, the Neo Card with Credit Builder offers a secured credit card. The new Neo card, on the other hand, has extra benefits.

No annual charges, rebates, or credit limit adjustments are available to customers. When it comes to rebuilding one’s credit, the Neo Card with Credit Builder is an excellent choice for consumers who have had issues in the past.

Neo credit card partners list

Using the retail partners of a Neo Credit Card is a crucial aspect of earning cash back.

Using a Neo credit card can earn you additional points at a wide range of stores.

Among them are:

Canadian Tire,
Sport Chek,
Netflix
Amazon,
Walmart,
Loblaws,
Dollarama,
Petro-Canada

Who can apply for neo credit card?

All Canadians over 18 can apply for the Neo credit card, regardless of their province of residence. To be eligible for this card, you’ll need a credit score of at least 600.
Suppose you don’t have a high enough score to qualify? Don’t be alarmed! You may rest easy knowing that Neo has your back.

What credit score do you need for Neo Credit Card?

To get a Neo Mastercard, you must have a credit score of at least 600. The Neo Card may be obtained using Credit Builder if you aren’t quite there yet. You may get cash back and establish your credit history simultaneously with this card, which is a secured card.

Depending on your salary and credit history, Neo will provide you with a credit limit of up to $10,000. Between 19.99 percent and 24.99 percent interest rates can be found. Before you accept an offer, you’ll be able to see it on the Neo app.

Can I withdraw cash from my neo credit card?

You may cash out Neo cashback as soon as a transaction post to your credit account, and it will be credited to your Rewards Balance immediately. You can withdraw your entire account balance or a specific dollar amount.

A portion of your Rewards Balance will be deducted to pay your following statement in full.

Axis neo credit card charges

Axis Bank has introduced the Neo credit card to cater to those who do most of their shopping online.

There are several deals, cashback advantages, and reward points that you can get by using this card at famous online shopping portals such as Amazon, Flipkart, and Myntra.

Fees:

The Axis Bank Neo credit card requires a valid one-time enrollment fee of Rs.500.
The Axis Bank Neo credit card has a yearly charge of Rs. 250.

Charges:

Overdue fees are assessed at a rate of 3.9 percent.
Cash withdrawal fees are calculated as 2.5% of the total transaction.
Add-on card fees are free.
The branch’s cash payment charge is Rs. 100.
There is a 3.5 percent tax on all foreign currency transactions.

Neo credit card axis bank benefits

In addition to Amazon gift cards, Grofers gift cards, Zomato Pro subscriptions, and 1mg discounts, Neo Credit Card members also receive savings on Zomato, Grofers, Paytm, Myntra, and BookMyShow.

At our partner establishments, you’ll get a minimum of a 15% discount on your meal. A combination of cutting-edge security features and user-friendly interfaces make the Neo Credit Card impenetrable to identity thieves.

Conclusion

The Neo credit card offers the best cash back rewards in the Canadian market today. Neo Financial is your best bet if you search for a cash-back credit card for regular purchases.

The card may be highly profitable if you often dine at nearby restaurants and cafés that are Neo partners and provide additional cash back for first-time or recurrent visits.