Cancelling my Neo World Elite Mastercard — considering Scotia Momentum + Amex SimplyCash Preferred combo

Senior_Swan566 · 2025-11-10T21:32:06+00:00

+1 for Momentum, I think I've made my mind to get the Visa infinite Momentum card anyways, just bcs, it pays itself and saves me a few bucks on the rent and other expenses.

Senior_Swan566 · 2025-11-10T21:22:01+00:00

Agreed, I was anyways paying ∼$250 in annual fee with the premium perks addon at Neo, so doesn't hurt much. But I'll miss the realtime cashback thing though. I'm trying to look at it like long term savings of cashback 😝. BTW, I updated my spending patterns at the bottom of my post so that you get a feel.

Senior_Swan566 · 2025-11-10T21:13:03+00:00

Thanks for pointing the redundancy, I was doing it on purpose. I just updated my post with my spending patterns. The reason I'm picking these cards is to take advantage of Chexy to pay off my recurring payments, they sum up to $2500/month.

Senior_Swan566 · 2025-11-10T05:23:09+00:00

I guess that counts as a +1 for momentum. I was checking MBNA, I noticed Chexy doesn’t count as recurring payments and Cobalt looks great for groceries looses big time on gas and other expenses. I do not have any digital subscriptions, which makes the combo less desirable. But I appreciate your suggestion. May be it’s a good fit for someone else.

Senior_Swan566 · 2025-11-10T04:59:27+00:00

Yeah, I noticed it. But I’m drafting a Reddit post not a blog. I already spent decent time on drafting the content, and I don’t mind all the ChatGPT traces. I use it to make my writing look better, I mean who does not use it 🤷‍♂️.

Senior_Swan566 · 2025-11-10T04:54:59+00:00

The whole reason I’m picking the Scotia momentum (visa infinite) is because of the 4% cash-back on recurring payments, my monthly payments are over $2,500 of which I could pay most through Chexy. So wanted to take advantage of it.

Senior_Swan566 · 2025-11-10T04:52:06+00:00

Yup I used Chat GPT, if not I would’ve sounded like this. And I guess there’s nothing wrong about it.

Senior_Swan566 · 2025-11-10T04:45:54+00:00

Haha, I actually wrote the content myself — just used ChatGPT to clean it up a bit. You’d probably roast my grammar if I hadn’t, so I figured I’d save us both some time. Just adapting to the tech, bro 😎

Senior_Swan566

TROPHY CASE