Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026
Neo World Mastercard – Shop & Dine
Our take: strongest for dining — about 2% back in value (est.) with no annual fee.
- Goes straight to Neo Financial
- Our review
MoneyMint rating
#31 of 34 no-fee rewards cards · How we rate
≈ $111
estimated first-year value after the annual fee, on a typical $2,050/month budget. See it for your spending →
Quick Facts
Purchase APR 19.99%
Pros & Cons
- No annual fee
- 2% on dining and retail purchases
- Rewards category can be switched periodically
- Large Neo Partner cashback network
- 0.5% base rate elsewhere
- Bonus categories likely capped monthly
- Foreign transaction fee applies
- Good credit reportedly required
Rates & Fees
Who This Card Is For
Best suited to people whose spending skews toward restaurants, takeout, and retail shopping who want a no-fee card rather than a fee-based dining rewards card.
Bottom Line
For dining- and shopping-heavy spenders, 2% no-fee cash back is a solid everyday rate, and the option to switch to a different Neo World Mastercard category later adds flexibility that fixed-category bank cards do not offer.
FAQ
Is There a Cap on the 2% Dining/Shopping Cash Back?
Yes. Neo caps cashback on retail shopping and on food and drink at $500 of spend per category per month on the Neo World Mastercard; spending past the cap earns 0.5%. The cap resets monthly, and purchases at Amazon and wholesale clubs do not count as retail shopping.
Can I Switch to the Gas & Grocery Version Later?
Neo has stated cardholders can switch between rewards plans without needing a new physical card; confirm current switching rules with Neo.
Is There an Annual Fee?
No, this is a no-fee Mastercard.
Not Sure? Three Cards People Compare It With
Scotia Momentum No-Fee Visa Card
Pick this instead if most of your spending is groceries (~1% est.).
Fee $0Rating 2.8 ★
Scotia Momentum Mastercard
Pick this instead if most of your spending is groceries (~1% est.).
Fee $0Rating 2.7 ★
TD U.S. Dollar Visa Card
Pick this instead if travel insurance matters more to you.
Fee $39Rating 3.5 ★
Neo World Mastercard – Shop & Dine
Best for dining · No annual fee