Card Review & Application

4.5

out of 5

- Get unlimited cashback on your spending, and 15% off your first purchase
- Save money faster with up to 2.25% interest on every dollar saved.
- No minimum balance required, and no annual or transaction fees.
- Access a wide range of loyalty rewards partners to earn even more cashback.
- Securely manage your money with real-time spending insights and auto-save options.
- Get started in just minutes and enjoy the convenience of budgeting with Neo Money Card (prepaid).



Introductory APR: N/A*
Introductory Period: N/A
APR on Purchases: 0.00% (fixed)*
Annual Fee: $0*
Card Issuer: ATB Financial
Card Network: Mastercard
Card Category: Consumer (Stored Value)
Card Type: - Beginners Card
- Debit Card
- Every Day Purchases
- Guaranteed Approval
- Sign-Up Bonus
- Virtual Card
- Reward Card
Credit Needed: Bad Credit OK*

Neo Money Card (Prepaid) is a great option for those looking to simplify their finances and take control of their spending. With instant, unlimited cashback on purchases and high interest rates on savings, it's a perfect tool for budgeting and saving. Additionally, the card is trusted by over 1 million Canadians and offers a variety of perks and benefits.



One of the key benefits of the Neo Money Prepaid Card is the high cashback on spend. Cardholders can earn up to 15% cashback on their first purchase and an average of 5% cashback at thousands of partner merchants. The cashback is theirs to spend however they like, with no restrictions.



Another advantage of the Neo Money Card is the high interest rates on savings. Cardholders can grow their money up to 225x faster than with a traditional bank, with 2.25% interest on every dollar saved. There's no minimum balance required and no annual or transaction fees, making it an ideal choice for those looking to save more.



The Neo Money Card is also safe and secure, with free everyday transactions and automatic savings and payments. Cardholders can access real-time spend insights and benefit from security features like mobile and personal protection.



Despite its many benefits, there are a few drawbacks to the Neo Money Card. One potential downside is that it's a prepaid card, which means there's no physical card option available. Additionally, while the card is free to use, there may be fees associated with loading funds onto the card.



Overall, the Neo Prepaid Card is a great option for those looking for a simple and easy way to manage their finances. With high cashback on spend, high interest rates on savings, and a variety of perks and benefits, it's a tool that can help cardholders take control of their finances and achieve their financial goals.


The review prepared by

Rewards: - 15% welcome bonus cash back on your first purchase
- 5% cash back at Neo partners
- 1% cash back across all purchases
Expiration: None*
Yearly Limit: None*
Credit Reporting: Yes
Online Account Access: Yes
100% Guarantee Approval: Yes
Introductory APR: N/A*
Introductory Period: N/A*
APR on Purchases: 0.00% (fixed)*
Annual Fee: $0*
Grace Period: n/a*
Late Payment Fee: N/A*
Balance Transfer: No
Additional Fees - Each printed document: $5.00
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* Published on Jul 19, 2023. Information relating to the Neo Money Card (Prepaid) may change without notice as a result we cannot guarantee the accuracy of details above. It is important you read the terms and conditions attached to a product before submitting the application.