Neo Financial Visa Card Review
I’m Mark, and I nerd out on personal finances 🤓 I spend my free time using apps, and analyzing everything that affects our money. Why? Because there is a lack of unbiased content for Canadians. So I’m here to help you make better financial decisions to live happy, healthy, and wealthy lives.
This is my Neo Financial visa card review where I’m going over the pros and cons after using Neo. Neo is a fintech company based out of Calgary Alberta. They’re trying to reinvent the way Canadians bank

Neo Review Summary
Overall Rating: 2.5 / 5
Best Feature: 2-6% cash back at some local shops
Biggest Con: Lack of features

Neo Financial Referral Code!
If you’re looking to try Neo then use this link to get $25 free when you open an account with them. Plus I also get a couple bucks which helps support me writing and experimenting with Canadian fintech companies.
Neo Pros
Neo Cons
Neo Financial Video Review
Watch Money With Mark on YouTube review Neo Financial and their new visa card.
Neo provides you with a credit card and a high interest savings account.
Should You Change To a Neo Visa Card?
At this point in time I don’t see any reason to really adopt using Neo. It seems like it’s just a credit card and a high interest savings account. For me personally I’d rather just have a better credit card (where I can earn more cash back or aeroplan points) and have a separate high interest savings account. Like from EQ Bank or Koho, or I guess Neo… however Neo makes you get the credit card in order to get the high interest savings account.
Why would you change to Neo Financial?
If you live in Calgary, and shop a lot at local stores that Neo has partnered with, then it may make sense for you to adopt Neo. However it’s important to know that there’s not a lot of features in Neo at this point, and it doesn’t really operate like a bank.
Where Koho visa cards are prepaid, the Koho app functions basically like a bank but with better features. Then there’s Wealth Simple where they have basically replaced investing. With Neo I’m not exactly sure what they’re trying to replace… credit cards are more so part of a bank so I’m assuming they’re going to try and compete more with Koho.
Neo FAQ’s
What is Neo Financial?
Neo Financial is basically a credit card with a savings account. They have partners with local shops around Calgary mostly that provide 2-6% cash back which is nice. Their high interest savings account provides 1.3% interest which is one of the best available in Canada.
How does Neo Credit Card work?
Neo Credit Card works through the Neo Financial app. You get a credit card with a limit, but have to load your neo account with funds from your bank in order to pay off the credit card.
How to get a Neo Financial Credit Card?
Getting a Neo credit card is easy, you can get a bonus $25 when you signup for Neo using this link. You have to input basic information about your employment, salary and upload your drivers license to open your account.
2022 KOHO Visa Card Review After 3 Years! | Money With Mark

Is KOHO right for you? This is my 2022 KOHO review after using it for 3 years. These are my pros & cons and use my referral code to earn more cash back!
Product Brand: KOHO
Product Currency: CAD
Product In-Stock: InStock
4.8