Cathay, Neo Financial™, and Mastercard have unveiled the groundbreaking Cathay World Elite® Mastercard®, the first of its kind in Canada to offer a secured credit option, tailored specifically for new Canadian customers.
Available as of December 6, 2023, this innovative credit card directly earns Asia Miles, making it a standout choice for Canadians. Cardholders can anticipate premium rewards on everyday spending, exceptional travel benefits, insurance coverage, and access to the cutting-edge Neo app.
What sets this card apart is its unique feature as the inaugural World Elite® Mastercard with a secured credit option in Canada. This option guarantees approval for newcomers to Canada, even without a credit history.
The Cathay World Elite Mastercard opens up a world of accelerated Asia Miles earnings, with over 12,000 Neo rewards partners across Canada. Travelers will appreciate the added convenience of priority online check-in, access to airport lounges, Wi-Fi, and comprehensive insurance coverage.
Key benefits for cardholders include a generous welcome offer of up to 30,000 Asia Miles, equivalent to a one-way Economy class flight from Vancouver to Hong Kong. For a limited time, enjoy a 10% booking discount on Canada-origin Cathay Pacific flight bookings.
The rewards program is impressive, with one mile earned per dollar spent in Canada and double miles on international purchases and Cathay Pacific flights. Plus, take advantage of up to 15x the miles on first-time purchases from a vast network of Neo merchant partners.
Travelers will relish priority services, including online check-in and access to 1,300+ DragonPass airport lounges worldwide. Stay connected with in-flight Wi-Fi and access to Boingo hotspots across the globe.
With substantial insurance coverage, including protection against flight cancellation, baggage loss, and more, cardholders can travel with peace of mind.
The Neo app complements the experience with intuitive digital tools, 24/7 chat support, in-app card management, and real-time notifications.
Additionally, cardholders gain access to exclusive Priceless Experiences, from culinary lessons to museum visits, available on Priceless.com in 15 countries across the Asia-Pacific and Canada.
Andrew Chau, Neo’s CEO, expressed pride in the partnership with Cathay, highlighting its status as Neo’s first World Elite Mastercard and its commitment to providing exceptional value, particularly to newcomers in Canada.
Paul Smitton, Cathay’s Director of Customer Lifestyle, emphasized the partnership’s significance in serving Canadian travelers, expanding access to Asia via Cathay’s network.
Balinder Ahluwalia, Senior VP at Mastercard Canada, highlighted the card’s robust protection and access to Priceless Experiences, exclusive to Mastercard cardholders.
You can learn more and apply for the new Cathay World Elite® Mastercard® here.
Neo Financial is a tech-driven financial company enhancing the financial experience through innovative spending, saving, investing, and mortgage solutions. Founded in 2019 by SkipTheDishes co-founders, Neo has secured over $299 million in funding and earned recognition as Canada’s top tech startup. Headquartered in Calgary and Winnipeg, Neo is backed by leading investors across North America.
Cathay is a premium travel lifestyle brand offering a wide range of travel, lifestyle, and payment services, designed to bring customers exciting offers, rewards, experiences, and hand-picked partners. As the home airline of Hong Kong, Cathay Pacific connects Hong Kong to the world and elevates every aspect of the customer journey.
