Pros
- ✓No foreign transaction fees
Cons
- ✗High annual fee ($177/yr)
- ✗No airport lounge access despite fee
- ✗No purchase protection
Our Review
Special offer:
- Enter the code EARNKOHO when applying for your card.
- Get 2 months of the Everything Plan for free
The KOHO Prepaid Mastercard with Everything Plan gives you more cash back:
- 2% on food, beverages and bills
- 0.5% on all other purchases
- Up to 5% cash back at selected partner merchants
Your funds earn 3.5% interest (calculated daily, paid monthly) and are protected by CDIC. The card is also accepted at Costco.
For your travels, enjoy zero conversion charges on foreign purchases and one free withdrawal per month from international ATMs.
Choose between two payment options for the Everything Plan:
- $22/month, billed monthly
- $177/year, billed annually (equivalent to $14.75/month)
Rewards
All Spending
0.5x
Cash Back pts per dollar
Gas
2x
Groceries
2x
Transit
2x
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$271
$/yr
Estimated Value
$271
After Fees
+$94
1st Year Value
$94
incl. welcome bonus
Annual rewards breakdown
Terms & Conditions
Card Features
Special offer:
- Enter the code EARNKOHO when applying for your card.
- Get 2 months of the Everything Plan for free
Features:
- Earn an extra 2% cashback on eating & drinking, billing & services, and groceries on top of minimum 0.5% cash back on all purchases. Plus, receive up to 50% cash back at selected merchants.
- Accepted at Costco
- Earn 3.5% interest on both 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.
- $22 per month billed monthly or $177 per year billed annually ($14.75 per month)
- Access the following features, exclusive to the Everything Plan:
- No FX fees on purchases
- 1 free international ATM withdrawal per month
- Credit enhancement for $5/month instead of $10
- Access all the features of a KOHO account such as Card Security, Goals, and RoundUps.
- Strengthen your credit with the 6-month Credit Enhancement Program for only $5/month and earn cash back with the KOHO Prepaid Mastercard Complet.
- 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.