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
Cash Back 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.
Cashback earned
$186
$/yr
Estimated Value
$186
After Fees
+$42
1st Year Value
$42
incl. welcome bonus
Annual rewards breakdown
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.