The Cathay World Elite® Mastercard® – powered by Neo is the only credit card in Canada that directly earns Cathay Pacific Asia Miles.
This card also comes with a generous welcome bonus and additional benefits; however, when compared to different airline co-branded credit cards in Canada, the Cathay World Elite® Mastercard® – powered by Neo consistently comes up short.
In fact, the Cathay World Elite® Mastercard® – powered by Neo isn’t even the best credit card for earning Asia Miles, as we’ll explore later in this article.
Let’s take a look at the reasons why you might consider the Cathay World Elite® Mastercard® – powered by Neo, and the other reasons why you should probably skip it.
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Supplementary cardholders: |
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$80,000 (personal), $150,000 (household) |
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What we love: strong welcome bonus, 10% discount on Cathay Pacific flights, World Elite Mastercard benefits. What we’d change: introduce category earning rates, lower the annual fee, include airline-specific benefits.
Welcome Bonus
Starting with a positive feature, the Cathay World Elite® Mastercard® – powered by Neo has a welcome bonus of up to 30,000 Asia Miles.
You earn the first 15,000 Asia Miles after your first purchase, and the second 15,000 Asia Miles after spending $3,000 within three months of activating the card.
Cathay World Elite® Mastercard® – powered by Neo
- Earn 15,000 Asia Miles upon card activation†
- Plus, earn 15,000 Asia Miles upon spending $3,000 in the first three months†
- Then, earn 2 Asia Miles per dollar spent on Cathay Pacific flights†
- And, earn more Asia Miles at Neo’s partners†
- 10% discount on Cathay Pacific flights†
- Minimum income: $80,000 (personal), $150,000 (household)
- Annual fee: $180
We value Asia Miles at 1.6 cents per mile, and using this valuation, we value a welcome bonus of 30,000 Asia Miles at $480.
Depending on how you choose to redeem these miles, the value could end up being worth more or less than this.
Earning Rates
To be frank, the earning rates for the Cathay World Elite® Mastercard® – powered by Neo are rather weak.
With the card, you earn Asia Miles at the following rates:
- 2 Asia Miles per dollar spent on eligible…
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