KOHO

KOHO Prepaid Mastercard® Essential Plan

MastercardCashback

Compare

on KOHO's website

Annual Fee

$48

Welcome Bonus

20 pts

Spend $1 in 1 mo

Bonus Value

—

Estimated value

1st Year Value

$104

✓

Pros

✓Welcome Bonus: 20 pts

✗

Cons

✗No purchase protection

Our Review

Special Offer:

Enter the code MILESOPEDIA when you apply for your card
Get $20 when you open a KOHO account and make your first purchase within 30 days of signing up.

The features of the KOHO Prepaid Mastercard with the Essential Plan are as follows:

Earn 1% cash back on on groceries, eating & drinking, and transportation
Accepted at Costco
Get 2% interest on your spending and savings account. Your funds will also be eligible for CDIC insurance. Interest rates are annual, calculated daily, paid monthly and may be changed at any time without notice.
Automate your savings with Goals and RoundUps. Rounding off every purchase allows you to set aside savings, while goals make it easier to save for the things that make you happy.
Lock in savings with Vault that keeps the funds you don’t want to spend separate from your spendable balance
Create custom budgets and track your spending habits. Know where you’re at in real time with instant notifications every time you spend.
Strengthen your credit rating with our 6-month Credit Enhancement Program for only $10/month
Get access to a cash advance of up to $250 at 0% interest with KOHO Cover

Rewards

All Spending

Cashback pts per dollar

Transit

Groceries

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

Transit1x

$140/month

Groceries1x

$400/month

Restaurants0x

$160/month

Gas0x

$300/month

Recurring0x

$300/month

All other spending0x

$700/month

Points Earned

6,480

Cashback/yr

Estimated Value

$65

After Fees

+$17

1st Year Value

$17

incl. welcome bonus

Annual rewards breakdown

Transit$1,680/yr × 1x

1,680 pts

Groceries$4,800/yr × 1x

4,800 pts

Restaurants$1,920/yr × 0x

0 pts

Gas$3,600/yr × 0x

0 pts

Recurring$3,600/yr × 0x

0 pts

All other spending$8,400/yr × 0x

0 pts

Total annual spend$24,000

Monthly spend$2,000

Average earn rate0.27x

Total points earned6,480 pts

Terms & Conditions

Card Features

Special offer:

Enter the code MILESOPEDIA when you apply for your card
Earn a $20 cash bonus when you sign up for a KOHO account with our link and make your first purchase within 30 days of registration

Features:

Get 1% cash back on groceries, meals, drinks and transportation
Accepted at Costco
Get 2% interest on your spending and savings account. Your funds will also be eligible for CDIC insurance. Interest rates are annual, calculated daily, paid monthly and may be changed at any time without notice.
$4 per month billed monthly or $48 per year billed annually
Access all KOHO account features such as Safe, Goals and Rounding Amounts
Get access to a cash advance of up to $250 at 0% interest with KOHO Cover

Legal

Only users who have successfully opened a new KOHO account and made their first KOHO card purchase within 30 days of signing up are eligible for the offer and can claim the one-time $20 bonus in their KOHO account. This offer is non-transferable and may only be used once per person. Offer does not apply to other KOHO offers or promotions. KOHO may, at its sole discretion, suspend, terminate or change the terms and requirements of the offer.

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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. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 KOHO. All trademarks are property of their respective owners.

Our Review

Special Offer:

Enter the code MILESOPEDIA when you apply for your card
Get $20 when you open a KOHO account and make your first purchase within 30 days of signing up.

The features of the KOHO Prepaid Mastercard with the Essential Plan are as follows:

Earn 1% cash back on on groceries, eating & drinking, and transportation
Accepted at Costco
Get 2% interest on your spending and savings account. Your funds will also be eligible for CDIC insurance. Interest rates are annual, calculated daily, paid monthly and may be changed at any time without notice.
Automate your savings with Goals and RoundUps. Rounding off every purchase allows you to set aside savings, while goals make it easier to save for the things that make you happy.
Lock in savings with Vault that keeps the funds you don’t want to spend separate from your spendable balance
Create custom budgets and track your spending habits. Know where you’re at in real time with instant notifications every time you spend.
Strengthen your credit rating with our 6-month Credit Enhancement Program for only $10/month
Get access to a cash advance of up to $250 at 0% interest with KOHO Cover

Terms & Conditions

Card Features

Special offer:

Enter the code MILESOPEDIA when you apply for your card
Earn a $20 cash bonus when you sign up for a KOHO account with our link and make your first purchase within 30 days of registration

Features:

Get 1% cash back on groceries, meals, drinks and transportation
Accepted at Costco
Get 2% interest on your spending and savings account. Your funds will also be eligible for CDIC insurance. Interest rates are annual, calculated daily, paid monthly and may be changed at any time without notice.
$4 per month billed monthly or $48 per year billed annually
Access all KOHO account features such as Safe, Goals and Rounding Amounts
Get access to a cash advance of up to $250 at 0% interest with KOHO Cover