The New Cathay World Elite® Mastercard® – Powered by Neo

In Summer 2023, Calgary-based Neo Financial announced an upcoming partnership with Cathay Pacific to launch a credit card. 

The card, officially known as the Cathay World Elite® Mastercard® – powered by Neo, is now open for applications, and we now know more details about the full array of the welcome bonus, fees, perks, and benefits associated with the card.

The Brand-New Cathay World Elite® Mastercard® – Powered by Neo

Neo Financial has officially launched the Cathay World Elite® Mastercard® – powered by Neo, and the product is open for applications.

First announced in August 2023, the card is now the only way to directly earn Asia Miles on daily spending in Canada, ever since the RBC Cathay Pacific Visa Platinum was closed to applications earlier this year and the airline’s partnership shifted to Neo.

Beginning with the basics, the card commands an annual fee of $180 (all figures in CAD), and adding supplementary cardholders costs $10 apiece. To be eligible, you must have a minimum personal annual income of $80,000, or a minimum annual household income of $150,000. 

The inaugural welcome bonus on the card is for up to 30,000 Asia Miles, structured as follows:

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

However, if you applied for the waitlist, you’re eligible for a welcome bonus of up to 45,000 Asia Miles, 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

The earning rates on the Cathay World Elite® Mastercard®, powered by Neo, are 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 up to 5x Asia Miles through Neo’s partners across Canada; however, the list of partners at which you can earn up to 5x Asia Miles isn’t publicly available.

As a cardholder, you’ll enjoy the following travel benefits:

• Priority check-in, additional baggage allowance, and spacious seat selection on Cathay Pacific flights (see below)
• Access to Mastercard Airport Transfer (fees apply)
• Access Mastercard Airport Security Fast Track at select airports (fees apply)

When it comes to the benefits on Cathay Pacific flights,…