Neo Financial to Launch Co-Branded Cathay Pacific Card

This morning, Neo Financial announced the launch of a co-branded Cathay Pacific credit card later this year. Upon its debut, Neo Financial will become the sole issuer of a card that earns Asia Miles in Canada.

Details of the card’s welcome bonus and earning structure have also been released, although some particulars, such as the card’s annual fee, have yet to be confirmed.

Neo Financial to Launch Cathay Pacific Co-Branded Credit Card

Neo Financial and Cathay Pacific have partnered to launch a co-branded credit card later this year. 

Information about the card, as well as the option to add your name to a waitlist, is currently available on the Neo Financial website. Here’s what we know so far.

Neo Financial will replace RBC as the issuer of a Cathay Pacific co-branded credit card in Canada. As it stands, the RBC card is currently available for applications; however, it’s not clear how much longer this will be the case.

When it launches this fall, Neo Financial’s Cathay Pacific card will offer a welcome bonus of up to 45,000 Asia Miles, which is structured as follows:

• Earn 15,000 Asia Miles upon activating the card
• Earn 30,000 Asia Miles upon spending $3,000 (CAD) within three months of activating the card

Currently, the welcome offer on the RBC Cathay Pacific Visa Platinum Card is for 15,000 Asia Miles upon being approved. Earlier this year, it offered up to 40,000 Asia Miles as a welcome bonus, so the introductory offer from Neo Financial is superior regarding the size of the welcome bonus, and also comes with a lower minimum spending requirement.

The earning rates for Neo’s Cathay Pacific co-branded card will be as follows:

• Earn 2 Asia Miles per dollar spent on Cathay Pacific flights
• Earn 2 Asia Miles per dollar spent outside Canada
• Earn 1 Asia Mile per dollar spent elsewhere

You’ll also be able to earn 5x Asia Miles through Neo’s partners, as well as up to 15x Asia Miles for first-time purchases at select partners. The list of partners at which you can earn 5x or more Asia Miles isn’t publicly available.

As part of the introductory offer, you’ll receive a 10% discount on Cathay Pacific flights departing Canada.

Regarding other perks and benefits, the exact details are scarce; however, cardholders can expect to receive the following:

• Emergency medical care, trip cancellation, lost luggage, and other insurance coverage
• Access to airport lounges around the…