I love to travel, but the costs quickly add up, especially when you’re going abroad. Travelling within your home country is usually more manageable, but once you start booking international trips, expenses like flights, accommodations, and dining can become overwhelming.
Most people overlook the cost of foreign transaction (FX) fees that many Canadian credit cards charge when you make purchases outside of Canada. These fees typically range from 1% to 3% of the total transaction amount, which may not seem like much at first but can add up significantly over multiple purchases.
This article explores how the Neo World Mastercard can be your ultimate travel companion, saving you money and enhancing your travel experiences. I’ll delve into the perks, benefits, and features that make this card a must-have for frequent travelers.
Neo World Mastercard: A Travel Essential
I’ve travelled to several different countries in the last few years, and I take my Neo World Mastercard with me on every trip. This credit card doesn’t charge you any sort of annual fee and comes with great perks. The only requirement to get this credit card is to have a personal income of at least $50,000 a year or a combined household income of $80,000 a year.
You get 2% cash back on gas, groceries, and any recurring payments you make with it, as well as 6% back at restaurants, bars, and cafes. This rate is already much higher than many other cash-back cards offered in Canada and the benefits don’t stop there.
Neo offers a program called “Perks,” which allows you to earn extra cash-back and access exclusive benefits for a small monthly fee. I’ll cover Neo Perks in more detail in another article, however, today I’ll be focusing specifically on their “Travel” perk.
This perk is designed for those who frequently make travel-related purchases and want to maximize their rewards. From earning more cash back on flights and hotels to saving on foreign transaction fees, the Travel perk offers valuable benefits for your upcoming travels.
Travel Benefit Overview
One of the most significant advantages of the Neo World Mastercard is its ability to help you stretch your travel budget further. With the Travel perk, you can earn 2% cash back on foreign purchases, which is a fantastic way to offset some of your travel expenses.
For $7.99 per month (billed every 30 days), you can enjoy zero FX fees and start earning on every purchase you make. You’ll also get a higher cash-back rate with select travel partners. Whether you’re booking flights, dining abroad, or shopping internationally, this perk ensures you get more value from your purchases.
If you don’t need the perks for an entire month, you won’t have to pay the full $7.99. When I took a two-week trip to Los Angeles last year, I signed up for the Travel perk halfway through the month. Instead of charging me for the full month, Neo adjusted the cost, and I only paid for the two weeks I used.
Travel Perk Additional Benefits
The three other benefits of the Travel perk are Priority Pass, SmartDelay, and Travel Insurance from Chubb.
Priority Pass is an airport lounge membership that gives you special pricing for access to over 1,300 different airport lounges.
These lounges offer you a quiet space to relax and have some food and drinks before your flight. Many lounges also provide complimentary Wi-Fi and comfortable seating, making them perfect for your travels. Some even offer shower facilities, nap areas, and premium dining options, enhancing your overall airport experience.
Travelling can be stressful, especially when dealing with long layovers or flight delays. SmartDelay grants you exclusive airport lounge access when your flight gets delayed more than an hour.
Their network is extensive and covers more than 1,000 lounges in over 100 countries around the world. The service is automatically activated once your flight meets the delay criteria, ensuring a hassle-free experience. If you’re a frequent traveller, SmartDelay can add extra peace of mind to your trips.
Travel insurance is an essential component of any trip, and the Travel perk includes comprehensive coverage through Chubb. Chubb Travel Insurance is designed to protect you from unexpected expenses and disruptions, whether you’re travelling domestically or internationally.
In addition to covering lost or delayed baggage and emergency medical procedures, it also provides trip cancellation and interruption coverage, ensuring you’re reimbursed for non-refundable expenses if your plans change due to covered reasons.
Other Benefits
While the Neo World Mastercard’s Travel perk is already packed with value, there are even more reasons why this card stands out as a top choice for travellers.
From its user-friendly features to its flexibility, this card is designed to make your travels smoother, more rewarding, and less stressful. Additionally, the Mastercard network is widely accepted worldwide, so you can use your Neo World Mastercard at most retailers, restaurants, and hotels.
The Neo mobile app allows you to track your spending, monitor your cash-back rewards, and manage your perks all in one place. This is particularly useful when you’re travelling, as you can quickly check your transactions and ensure everything is in order. The app also sends real-time notifications for every purchase, so you can stay on top of your spending and avoid any surprises.
Final Thoughts
If you’re planning your next international adventure, consider adding the Neo World Mastercard to your wallet. It’s a small change that can make a big difference in how you travel. Safe travels!
Thank you for reading! Feel free to leave a comment or message me directly if you have questions or just want to talk money.
If you want to sign up for the Neo World Mastercard, you can do so by following this link.
Disclaimer: This information is for general educational and entertainment purposes, and can’t be applied to everyone’s specific circumstances. Be sure to do your research. There are no affiliate or referral links in this article and I don’t gain anything when you click on them.
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