Neo Financial is a FinTech company that offers spending, savings, and rewards programs. It offers a range of products, including rewards credit cards and high-interest savings accounts.

The Neo Financial Mastercard is a high-rewards cash back credit card that offers an exceptionally high cash back rate, especially when shopping with Neo Financial partners. The average with Neo partners is 5%. The average is based on current offers and can vary by offer period and partner. Many merchants also have bonus cashback offers for first-time visits, repeat visits, or purchases over a certain value.

Neo Financial‘s partners and their cashback offers can be viewed directly in the app.

In addition to unlimited cashback, the Neo Financial credit card has no monthly or annual fees. That means there are no monthly or annual fees, and you can make unlimited transactions without worrying about what you’ll be charged.

Neo Financial’s line of financial products also includes:

• Neo Credit
• Neo Money ( It is a hybrid account that combines the features of a savings and chequing account.)
• Neo Invest (This service provides access to professionally managed investment portfolios in collaboration with OneVest)

The company was founded by Andrew Chau (Linkedin), Chris Simair (Linkedin), Kris Read (Linkedin), and Jeff Adamson (Linkedin). It has offices in Calgary and Winnipeg.

Since its inception, the company has performed well and has attracted several investors such as Golden Ventures, Peter Thiel, Maple VC, Tobi Lutke, ATB Financial, and others.

The Neo Money account is provided by Concentra Bank, a CDIC member institution, and is eligible for CDIC deposit protection. Deposits held in Neo Money accounts are combined with eligible deposits held at Concentra Bank, for up to $100,000 of deposit protection, per category and per deposit.

We rate the company on Green.