Cash Back
Secured Cards
Premium / High-End
KOHO Everything Prepaid Mastercard
KOHO Financial Inc
Annual Fee
$177
Purchase APR
0.00%
Cash Adv. APR
0.00%
RateBuddy Verdict
The Good
- Earns a massive 3.5% interest on your entire account balance, functioning like a high-interest savings account.
- Saves you money while traveling or shopping online with 0% foreign transaction fees.
- Includes a premium, heavy Metal Card when you subscribe to the yearly plan.
The Trade-offs
- The $177 annual fee (or $22 monthly) is quite high for a prepaid card and requires active use to justify.
- Does not offer standard credit card protections like extended warranty, purchase security, or travel insurance.
Rewards & Earnings
Groceries 2.00%
Dining & Takeout 2.00%
Gas & Transit 2.00%
Travel 0.50%
Base Rate 0.50%
Rewards Summary: Earn 2% cash back on groceries, eating & drinking, and transportation; 0.5% cash back on all other purchases.
- Groceries, Eating & Drinking, Transportation: 2% Cash Back
- Select Partner Merchants: Up to 5% extra Cash Back
- All Other Purchases: 0.5% Cash Back
Welcome Bonus Details
Features & Benefits
No Foreign Transaction Fees
No Foreign Transaction Fees
Bad Credit & Rebuilding
Discounted Credit Building tool access
Metal Card
Made from durable, heavy metal
Additional Perks
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Insurance Coverage
CDIC Insurance
The funds loaded into your KOHO account are eligible for CDIC insurance (up to $100,000).
Rates & Fees Details
| Purchase APR | 0.00% |
|---|---|
| Cash Advance APR | 0.00% |
| Annual Fee | $177 |
| Foreign Tx Fee | 0.00% |
| Income Required | No specific requirement listed. |