KOHO

KOHO Prepaid Mastercard Extra Plan

MastercardCashback

Compare

on KOHO's website

Annual Fee

$144

Welcome Bonus

—

Bonus Value

—

Estimated value

1st Year Value

$128

✓

Pros

✓No foreign transaction fees

✗

Cons

✗High annual fee ($144/yr)
✗No airport lounge access despite fee
✗No purchase protection

Our Review

Special offer:

Enter the code KOHOMILES when applying for your card.
Get 3 months of Extra Plan for free ($18 off per month) and $20 cash back

The KOHO Prepaid Mastercard with Extra Plan (formerly KOHO Premium Prepaid Mastercard) gives you more cash back:

1.5% on food, drinks, groceries, and transportation
0.25% on all other purchases
Up to 5% cash back at selected partner merchants

Your funds earn 2.5% interest (calculated daily, paid monthly) and are protected by CDIC. The card is also accepted at Costco.

For your travels, take advantage of zero FX fees on foreign purchases.

Choose between two payment options for the Extra Plan:

$18/month, billed monthly
$144/year, billed annually (equivalent to $12/month)

Rewards

All Spending

0.25x

Cashback pts per dollar

Groceries

1.5x

Transit

1.5x

Gas

1.5x

Credit Card Rewards Calculator

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

Groceries1.5x

$400/month

Transit1.5x

$140/month

Gas1.5x

$300/month

Restaurants0.25x

$160/month

Recurring0.25x

$300/month

All other spending0.25x

$700/month

Points Earned

18,600

Cashback/yr

Estimated Value

$186

After Fees

+$42

1st Year Value

$42

incl. welcome bonus

Annual rewards breakdown

Groceries$4,800/yr × 1.5x

7,200 pts

Transit$1,680/yr × 1.5x

2,520 pts

Gas$3,600/yr × 1.5x

5,400 pts

Restaurants$1,920/yr × 0.25x

480 pts

Recurring$3,600/yr × 0.25x

900 pts

All other spending$8,400/yr × 0.25x

2,100 pts

Total annual spend$24,000

Monthly spend$2,000

Average earn rate0.78x

Total points earned18,600 pts

Terms & Conditions

Card Features

Special offer:

Enter the code KOHOMILES when applying for your card.
Get 3 months’ subscription to the Extra Plan for free (a discount of $18 per month) and $20 cash back

Features:

Earn 1.5% cash back on 3 main spending categories (food, bills & services, meals and beverages) plus a minimum 0.25% cash back on all purchases.
Accepted at Costco
Earn 2.5% 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.
$18 per month billed monthly or $144 per year billed annually ($12 per month)
No conversion fees on foreign purchases
1 free international ATM withdrawal per month
Credit enhancement for $7/month instead of $10
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 are eligible for the offer. 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 KOHOMILES when applying for your card.
Get 3 months of Extra Plan for free ($18 off per month) and $20 cash back

The KOHO Prepaid Mastercard with Extra Plan (formerly KOHO Premium Prepaid Mastercard) gives you more cash back:

1.5% on food, drinks, groceries, and transportation
0.25% on all other purchases
Up to 5% cash back at selected partner merchants

Your funds earn 2.5% interest (calculated daily, paid monthly) and are protected by CDIC. The card is also accepted at Costco.

For your travels, take advantage of zero FX fees on foreign purchases.

Choose between two payment options for the Extra Plan:

$18/month, billed monthly
$144/year, billed annually (equivalent to $12/month)

Terms & Conditions

Card Features

Special offer:

Enter the code KOHOMILES when applying for your card.
Get 3 months’ subscription to the Extra Plan for free (a discount of $18 per month) and $20 cash back

Features:

Earn 1.5% cash back on 3 main spending categories (food, bills & services, meals and beverages) plus a minimum 0.25% cash back on all purchases.
Accepted at Costco
Earn 2.5% 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.
$18 per month billed monthly or $144 per year billed annually ($12 per month)
No conversion fees on foreign purchases
1 free international ATM withdrawal per month
Credit enhancement for $7/month instead of $10
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