KOHO Everything Prepaid Mastercard®
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KOHO Everything Prepaid Mastercard®

KOHO KOHO
3.50/5 RateBuddy
Our Choice: Best Prepaid Card
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Annual Fee $177
Purchase APR 0%

RateBuddy Verdict

The Good
  • Higher everyday cash back: Earn 2% unlimited cash back on key daily spending categories such as groceries, transportation, food, and drinks.
  • No foreign transaction fees: A useful feature for travel, cross-border shopping, and online purchases in foreign currencies.
  • Strong interest feature: Eligible balances can earn a higher interest rate than lower-tier KOHO plans, making the account useful for both spending and saving.
  • Easy reward access: Cash back can be redeemed directly into your KOHO account without complicated points programs.
  • Good all-in-one money app: Combines spending, saving, rewards, budgeting tools, virtual card access, and other KOHO features in one digital account. Cons
The Trade-offs
  • Higher plan cost: KOHO Everything has the highest plan fee among KOHO’s main account options, so users should make sure they will use enough features to justify the cost.
  • Still a prepaid Mastercard: It does not operate like a traditional credit card, so regular card spending does not automatically build credit by itself.
  • Limited premium travel perks: Users looking for full travel insurance, airport lounge access, or premium credit card benefits may find it less comprehensive than premium credit cards.
  • Rewards depend on spending habits: The best cash back value comes from eligible everyday categories, so users with different spending patterns may get less benefit.
  • Best for active KOHO users: The plan makes the most sense for people who plan to use KOHO regularly for spending, saving, cash back, and app-based money management.

Rewards & Earnings

Groceries 2%
Dining 2%
Gas 2%
Travel 2%
Base Rate 2%
Rewards Summary: Earn 2% cash back on groceries, eating & drinking, and transportation; 0.5% cash back on all other purchases.

Welcome Bonus Details

No welcome bonus details are currently listed for this card.

Features & Benefits

Good for building or rebuilding credit
Earn cash back on every purchase
High savings interest

Insurance Coverage

See provider site for full insurance coverage details.

Rates, Fees & Eligibility

Purchase APR0%
Cash Advance APR—
Annual Fee$177
Foreign Transaction Fee0%
Income Required No specific requirement listed.
Recommended Credit ScorePoor

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Filed Under

Cash Back Low Interest Secured Cards Newcomer / New to Canada Rewards
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