Pros & Cons
Pros
- +Welcome Bonus: 60,000 miles
- +Purchase protection included
- +Travel medical insurance included
Cons
- –High annual fee ($180/yr)
- –Foreign Transaction Fee (2.5%)
- –No airport lounge access despite fee
Our Review
The Cathay World Elite Mastercard– powered by Neo is the only credit card in Canada that allows you to earn Asia Miles.
For a limited time, you can earn up to 60,000 Asia Miles as a welcome bonus:
- 35,000 Asia Miles on approval
- 25,000 Asia Miles after $5,000 in purchases in 3 months
With the Cathay World Elite Mastercard – powered by Neo, you earn:
- 2 Asia Miles for every $1 spent on purchases made in foreign currencies
- 4 Asia Miles per dollar on Cathay Pacific purchases
- 5 Asia Miles per dollar on average at thousands of Neo partners across the country
- 1 Asia Mile per dollar on purchases made in Canada, including at Costco
As it’s a World Elite Mastercard credit card, you benefit from numerous advantages, such as paid access to over 1,300 airport lounges worldwide.
When you travel with Cathay Pacific, you get priority online check-in, an extra bag and redeemable access to Cathay Pacific business class lounges.
Finally, you’ll receive a 15% discount on Cathay Pacific flights purchased with Cathay World Elite® Mastercard® – powered by Neo (promotional code required).
Rewards
All Spending
1x
Cathay Asia Miles pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Points Earned
30,000
Cathay Asia Miles/yr
Estimated Value
$300
After Fees
+$120
1st Year Value
$720
incl. welcome bonus
Annual rewards breakdown
- Earn 60,000 Cathay Asia Miles after $5,000 in purchases in 3 months
Travel Insurance
Travel Medical
Up to $1,000,000 / 14 days
Trip Cancellation
Up to $1,000
Trip Interruption
Up to $1,000
Delayed Baggage
Up to $1,000
Lost Baggage
Included
Flight Delay
Up to $250
Hotel Burglary
Up to $1,000
Travel Accident
Up to $100,000
Purchase Protection
Purchase Protection
Up to $1,000 / 90 days
Extended Warranty
+1 year(s)
Auto Rental
Up to $65,000 / 48 days
Interest Rates
- Purchase Rate19.99%
- Cash Advance22.99%
- Foreign Transaction Fee2.5%
Eligibility
Personal Income
$80,000
Household Income
$150,000
Terms & Conditions
Card Features
The Cathay World Elite Mastercard – powered by Neo is not available in Quebec.
Welcome Offer
- Earn up to 60,000 Asia Miles as a welcome bonus: 35,000 Asia Miles on approval and 25,000 Asia Miles after $5,000 in purchases in 3 months
- 15% discount on Cathay Pacific flights with promotional code
Features of the Cathay World Elite Mastercard – powered by Neo:
- 2 Asia Miles for every $1 spent on purchases made in foreign currencies
- 4 Asia Miles per dollar on Cathay Pacific purchases
- 5 Asia Miles per dollar on average at thousands of Neo partners across the country
- 1 Asia Mile per dollar on purchases made in Canada
- Enjoy exclusive member benefits: priority check-in, free extra baggage and access to Cathay Pacific lounges
- Benefit from comprehensive insurance covering medical emergencies, cancellations and lost baggage
- Access over 1,300 airport lounges worldwide with DragonPass
- Avoid queues with Mastercard’s Fast Track service at security checkpoints
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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. EducFinance may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Neo. All trademarks are property of their respective owners.