Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

Independently researched by MoneyMint. Not sponsored by Neo Financial. Data verified as of August 2026.

Neo FinancialNo-Fee Gas & Grocery Cashback

Neo World Mastercard – Gas & Grocery

Our take: strongest for groceries and gas — about 2% back in value (est.) with no annual fee.

Key featureNo annual fee with 2% cash back on groceries, gas, and recurring bills

Apply on Neo Financial’s site →

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Our review

2.9out of 5

MoneyMint rating

#26 of 34 no-fee rewards cards · How we rate

Rewards value

2/10

Insurance

0/10

Flexibility

10/10

Welcome bonus

0/10

Fee value

10/10

Perks

0/10

≈ $231

estimated first-year value after the annual fee, on a typical $2,050/month budget. See it for your spending →

Quick Facts

Annual Fee

Rewards

~2% on groceries (est. value)

Credit Needed

Good

Purchase APR 19.99%

Pros & Cons

Pros

No annual fee
2% on groceries, gas, and recurring bills
Rewards category can be switched periodically
Large Neo Partner cashback network

Cons

Bonus rates are capped each month: $1,000 for groceries and for gas and EV charging, and $500 for recurring bills. After that, you earn 0.5%.
0.5% base rate elsewhere
Foreign transaction fee applies
Good credit reportedly required

Rates & Fees

Purchase APR19.99%

Cash Advance APR22.99%

Foreign Transaction Fee2.75%

Who This Card Is For

Best suited to households that spend heavily on groceries and gas and want a genuinely no-fee card for those categories, without paying an annual fee the way many bank-issued grocery cards require.

Bottom Line

For grocery- and gas-heavy spending, the 2% no-fee rate is competitive against fee-based bank cards, and the ability to switch reward categories is a distinctive Neo feature. The monthly caps are the main limit: heavy grocery or gas spenders will hit them quickly and drop to 0.5%.

FAQ

Can I Switch This Card to a Different Rewards Category?

Neo has stated cardholders can switch between rewards plans (such as Gas & Grocery and Shop & Dine) periodically without needing a new physical card; confirm current switching rules with Neo.

Do I Need a Large Bank Balance to Benefit From This Card?

No. The 2% rates don’t require a deposit balance. Bonus rates are capped each month: $1,000 for groceries and for gas and EV charging, and $500 for recurring bills. After that, you earn 0.5%.

Is There a Foreign Transaction Fee?

Yes. Neo charges a 2.75% foreign transaction fee on its credit cards. With Neo’s paid Grow membership ($14.99 a month), the fee is rebated on up to $10,000 of foreign spending a month.