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Mr. Loonie
Cathay World Elite® Mastercard®

Cathay World Elite® Mastercard®

Best for: Cathay Pacific flyers who want Asia Miles on flights and foreign purchases

Your spending a month
What’s in each?
Light:
Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
Typical:
Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
Big:
Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
Yours:
Your own amounts, saved on this device only
Year one
$882
Every year after
$357

Ranked #37 of 176 for year one. See the list

See how we worked it out
Welcome offer you’d get
$525
The full offer. Up to 35,000 Asia Miles.
Annual fee
$180 a year
Apply now on Neo’s site (opens in a new tab)
Needs $80,000 personal or $150,000 household income
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from Neo’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

Is it for me? What you’d earn Welcome offer Can I get it? Fees Similar cards
3 quick questions

Is it for me?

Do you spend $250 or more a month on flights?

Is your personal income $80,000 or more, or your household’s $150,000 or more?

Do you pay your card off in full most months?

Answer the 3 questions to see if it fits.

From the numbers

The good and the bad

Stands out

  • Good: 4 points per $1 on flights At our value for these points, that’s about 6% back.
  • Good: Welcome offer up to 35,000 Asia Miles About $525 at our value for these points.

Watch for

  • Watch for: $180 a year You need about $250 a month on flights to earn it back.
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With typical spending of $2,500 a month.

Asia Miles valued at 1.5¢ each.

  • Groceries $144
    1 point per $1 · 1.5% back $800 a month · 9,600 Asia Miles a year
  • Restaurants $45
    1 point per $1 · 1.5% back $250 a month · 3,000 Asia Miles a year
  • Gas $45
    1 point per $1 · 1.5% back $250 a month · 3,000 Asia Miles a year
  • Recurring bills $45
    1 point per $1 · 1.5% back $250 a month · 3,000 Asia Miles a year
  • Travel $27
    1 point per $1 · 1.5% back $150 a month · 1,800 Asia Miles a year
  • Everything else $117
    1 point per $1 · 1.5% back $650 a month · 7,800 Asia Miles a year
  • Foreign currency $54
    2 points per $1 · 3% back $150 a month · 3,600 Asia Miles a year
For you Year one Later years
Points you earn31,800 Asia Miles a year, at 1.5¢ each $477 $477
Welcome offer35,000 Asia Miles you’d reach $525 $0
Annual fee −$180 −$180
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Rental car damage cover1 rental of 3 days at $35 a day $105 $105
Total $882 $357

Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.

What counts in each category
Flights
4 points per $1 Cathay Pacific flights
Foreign currency
2 points per $1
Everything else (base rate)
1 point per $1
  • Get 5 miles per $1 spent at thousands of Neo partners nationwide
  • Get 5 miles per $1 spent on purchases made outside Canada
How Asia Miles work, and why 1.5¢

We count Asia Miles at 1.5¢ each, a typical value when you use them well. Depending on how you use them, they’re usually worth 0.5¢ to 5¢.

We set one value per points program and use it on every card in that program, so you can compare points cards and cash back cards on the same scale.

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Checked on Nov 8, 2026. Source

Welcome offer

Can your spending get the full offer?

At $2,500 a month, here’s when you’d reach each step.

  1. 1

    15,000 Asia Miles · about $225

    Get approved for the card.

    • On purchases within the first 90 days
    • Plus get 15000 miles as a welcome bonus
  2. 2

    20,000 Asia Miles · about $300

    Spend $5,000 in your first 3 months.

    You’d reach it in month 2.

Offer end date not published.

Offer checked on Nov 8, 2026. Source

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Personal income $80,000 or more Issuer says
  • Household income $150,000 or more Issuer says
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Checked on Nov 8, 2026. Source

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

  • Frugal Flyer (opens in a new tab) May 2026

    “It’s not often that we get a brand new credit card in Canada, so it is exciting that the Cathay World Elite® Mastercard® powered by Neo has joined the party! As the only credit card that directly earns Asia Miles, it can be useful to quickly add to our pool of Asia Miles for our next points redemptions. We’re hoping that improvements will come to the card in the near future that will make it a stronger contender in the Canadian travel credit card market.”

  • Rewards Canada (opens in a new tab) Jan 2025

    “Overall, the Cathay World Elite Mastercard is a card that nicely fits a niche space in Canadian market and that's for those who purchase tickets and fly with Cathay Pacific on a regular or at least, semi-regular basis. Outside of that, when compared to other options for Canadians, it is a mediocre credit card, especially for the $180 per year price tag. There are cards in the Canada that have the potential to earn more Asia Miles (American Express Cobalt Card) and many other cards that provide equal or better features, benefits and insurance coverage.”

  • Pointshogger (opens in a new tab) Mar 2024

    “Overall, I think the Neo card does come with more features and benefits that could justify the $60 bump in annual fees. The annual fee is steep, so I only really recommend this card to someone who flies Cathay Pacific frequently, in which case, I would say the card is worth the fee.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Car rental damage Included
  • Extended warranty Included
  • Purchase protection Included
  • Travel accident Included
  • Priority check-in
  • Extra baggage
  • Access to 1300+ global airport lounges
  • Mastercard Airport Security Fast Track
  • Mastercard Airport Transfer
  • Access free Boingo Wi-Fi
  • Delayed and Lost Baggage Insurance
  • Flight Delay Insurance
  • Hotel Motel Burglary Insurance
  • Trip Cancellation and Trip Interruption Insurance
  • Mobile wallets Apple Pay, Google Pay
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read Neo’s insurance certificate before you count on any coverage.

Not included

Not listed for this card: travel medical, trip cancellation, trip interruption, flight delay, lost baggage and mobile device.

Fees and interest

What it costs

Annual fee
$180 a year
Purchase interest
19.99%
Cash advance interest
22.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Cash advance fee
$2.50
Over-limit fee
$29
Late payment fee
None
Source
Issuer page

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With typical spending. This card: $882 year one, $357 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the Cathay World Elite® Mastercard®?

$180 a year.

How much is the Cathay World Elite® Mastercard® welcome offer worth?

Up to 35,000 Asia Miles, about $525. You get it in 2 steps: 15,000 Asia Miles when you are approved; 20,000 Asia Miles after you spend $5,000 in the first 3 months.

What income do I need?

Neo asks for $80,000 in personal income.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

19.99% on purchases. Cash advances are 22.99%.

Does it include insurance?

It lists extended warranty, purchase protection, delayed and lost baggage insurance and flight delay insurance. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$882
year one for you
Apply now on Neo’s site (opens in a new tab)
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