@hTideGnow @Joe_G I have another update. Recall that there are 2 PM accounts that bill to my Neo CC (let's call them P1 and P2, each on a $34 plan and with the new Points system I guess everything goes to Points rather than reducing the monthly bill as before [plus >10y loyalty is now worth 83c/mo instead of $5/mo]). My Neo statement was just issued, and the autobill dates are Jun 10 and Jun 11. I couldn't wait, so earlier today I went ahead and told PM to charge this month's P1 now. Neo immediately sent an email saying there's only $8.91 left to the $330 target to get 5% back. Then tonight I charged $10.xx on P2's account, and Neo just as quickly changed the cashback to $16.50 (5% of $330). The overpayment is sitting as $1.74 toward the next $330/6mo.
I'm thinking of getting P2 to apply for the card, if they can get it approved and connected by Jun 10. Then they can pay $100 on one account (to get $100 CB) and start toward $330/6mo. I can live with losing the extra 4.5% on my $1.74 but it will be harder if P2's Jun charge goes on my card and then doesn't get the bonus.
Here's a screen capture (I assume the "$0.65 available" is because I don't actually get the $16.50 until the statement is paid for):
BTW our next billing dates are Jun 10 and Jun 11, and should be for more than $47.03 combined (both accounts are on $34 plan). So I should just hit $330 spent before the Jul expiry (the 2 August 31 credits are for converting 2 friends to PM on $34 plan, I couldn't usually count on that but I also was paying less before). I truly don't see any way 1 person could average $55/30d even with the new Points plan. But if you can afford to bank it, it might be worth that one large payment.
OTOH considering my best alternative is 1.5% on Rogers MC, there's not a lot to lose if I only get 0.5%. But Neo rewards is way too complicated for me, for anything beyond making sure I hit $330 and then draining my PM credit and Points.
Here's how you track it:
@Joe_G @hTideGnow Sorry for the slow response. I notice the $100 CB offer is in my Rewards, so maybe everyone gets that again.
Yes, I still use it for PM (and nothing else). @computergeek541 has posted more experience with Neo upthread.
The regular CB is 0.5% (!) but they offer 5% if I spend $330 in 180 days. That's about $55/mo which is tough to do with PM (for example $34/50GB/30d is about as expensive as I could imagine paying for, with the old Rewards program I might never make it) but I pay for 2 accounts so I expect to make it. Hoping it works. If I were going to be a little short I'd make a bigger manual payment on PM to hit the $330 in 180 days, then maybe take a break by paying from that balance, redeeming the new Points, etc.
Here are 2 screenshots showing what they claim:
Following up on this old thread, I finally got my hands on the physical card and got time to try it. First thing I noticed is the expiration date is different on the physical card than the virtual card from Nov (also the CVC but I'd expect that to be unique per card).
I just went to PM site and paid $113 ($100+$13HST) and it took it the first time! I had thought maybe PM wouldn't take the virtual card, though that would defeat the purpose, so maybe either they gave me the wrong expiry, or I made a mistake. I also immediately got a note from neo that I got $100 cashback. 🙂
I believe they're no longer offering this $100, but if anyone accepted the offer but didn't use it, this was my experience. And FWIW, I don't know whether a topup of $88.50 (=$100.01 w/HST) would also earn $100 cashback or only $88.50, but I didn't want to risk it.
The "up to $100" cashback offer was on first PM purchase, which is why I made it so high. I may keep neo as my PM autopay card, I'll think about it.
Thanks for the earlier feedback and following along.
I just signed up (Nov 26, 1am), got instant approval and my virtual # even before the card mails out.
The offer still says 100% cashback on first PM purchase up to $100. So I don't want it for autopay, I'm thinking I'll make a 1-time manual top-up of $100. Question is, should I make it $88.50+$11.51 HST, or $100+$13 HST? Obviously the less I have to put on the better, but I'll do $113 if that's what it takes to get $100 back (just learned LCBO purchases, which include HST on the price tag, are awarded AC points pre-HST so it's really 1AP/$4.52).
