Calgary-based financial technology company Neo launched the Cathay World Elite® Mastercard® – powered by Neo in November 2023. Neo entices new cardholders by advertising an average earning rate of 5 Asia Miles per dollar spent with its exclusive partners.
Despite using the promise of elevated partner earning rates in promotional material, Neo doesn’t make the list of partners available until after you’ve applied for the card, leaving potential cardholders to guess at the value of these rates.
Conveniently, one member of the Prince of Travel team recently received a Cathay World Elite® Mastercard® – powered by Neo, and we teamed up to share some insight into the deals being offered on their account.
Neo’s List of Partners
Since Neo Financial doesn’t make its list of partners publicly available until after you’ve applied for a card, getting the Cathay World Elite® Mastercard® – powered by Neo is a bit of a leap of faith.
Additionally, the company’s reward structure, based on these ever-changing elevated partner rates, is unique in a way not typically seen in the Canadian consumer lending market.
Neo’s list of partnered companies can be found through the company’s app once you’ve received your card.
As a financial technology company, Neo strives to steer its customers toward its mobile app on iOs and Android. While desktop compatibility is supported, the app appears to be the most optimized way to view offers.
Within the program, there has two types of partner companies: National Favourites, which are available Canada-wide, and a more curated list of local vendors which include small businesses and major corporate franchises alike.
It’s worth noting that the partner list for the Cathay World Elite Mastercard – powered by Neo differs from the one offered through Neo’s other cards, so don’t expect to see the same company names if you have both cards.
As of January 2024, the current National Favourite partners for the Cathay World Elite Mastercard – powered by Neo are as follows:
- Jack & Jill Health
- Harry Rosen
- Public Mobile
- Bailey Nelson Optometrist
- Landmark Cinemas
- Pandora
- Ashley
As you can see, this list of vendors is rather short, and the utility of some of these options might be questionable. For example, exactly how many pairs of eyeglasses does a single individual need?
Similarly, while it’s nice to see a non-Cineplex movie theatre…
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