Best Prepaid Cards in Canada - September 2026

The JA Money card—powered by Neo, is ideal for teenagers. You can get this prepaid Mastercard from the age of 13 (14 in Quebec).

With the the JA Money card—powered by Neo, you get up to 5% cash back:

• Restaurants & Food Delivery: Enjoy 5% average cashback at awesome restaurants and Uber Eats.
• Clothing & Footwear: Shop the latest styles and score 2% cashback at stores like Dynamite, JD Sports, and Simons.
• Books & eBooks: Catch up on reading with 2% cashback at places like Chapters, Indigo, and Kobo.
• Games & Entertainment: Level up with 2% cashback at spots like PlayStation, Xbox, Nintendo, and Steam.
• Health & Fitness: Stay active with 2% cashback at places like GoodLife Fitness and YMCA.

With the Wealthsimple Prepaid Mastercard, you can access your available funds in your Wealthsimple Cash account.

With this welcome offer, you can get $25 cash back as a new Wealthsimple client. To do this, you simply need to open an account and then deposit at least $1 within 30 days.

You can invest your money in an investment account or a cryptocurrency of your choice. Also, you earn interest on your Wealthsimple Cash account balance! Wealthsimple Generation clients can earn an interest rate of up to 2.25%.

In addition, there are no foreign transaction fees for any purchase made in a currency other than the Canadian dollar and no annual fees.

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)

With the Neo Money™ card, you get up to 6% cash back:

• 6% on average on restaurants, bars and cafés
• 4% on your favorite apps (Netflix, Disney+, Crave, Apple, Uber, Lyft, SkipTheDishes, DoorDash and UberEats)
• Up to 3% on gas and groceries

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)

Special Offer:

• Enter the code MILESOPEDIA when you apply for your card
• Get $20 when you open a KOHO account and make your first purchase within 30 days of signing up.

The features of the KOHO Prepaid Mastercard with the Essential Plan are as follows:

• Earn 1% cash back on on groceries, eating & drinking, and transportation
• Accepted at Costco
• Get 2% 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.
• Automate your savings with Goals and RoundUps. Rounding off every purchase allows you to set aside savings, while goals make it easier to save for the things that make you happy.
• Lock in savings with Vault that keeps the funds you don’t want to spend separate from your spendable balance
• Create custom budgets and track your spending habits. Know where you’re at in real time with instant notifications every time you spend.
• Strengthen your credit rating with our 6-month Credit Enhancement Program for only $10/month
• Get access to a cash advance of up to $250 at 0% interest with KOHO Cover

The BMO Prepaid Mastercard is a reloadable prepaid card, not a credit card: you load it in advance and spend only the available balance, with no credit check and no interest. It is a useful option for managing a budget, shopping online with peace of mind or giving someone a convenient way to pay.

Because it is accepted everywhere Mastercard is accepted, it works just as well day to day as when travelling. The annual fee is $10.

A 2.5% foreign transaction fee applies to purchases made in a foreign currency. As a prepaid card, it does not earn rewards and does not help build your credit history.

With the Wise Card, a no-annual-fee card, you can hold and exchange over 40 currencies directly in your Wise account.

With the Wise Card, you can spend freely in over 150 countries and withdraw cash from 2.3 million ATMs. You get 2 free monthly ATM withdrawals.

You can also take advantage of currency conversions at market exchange rates, with transparent, low fees. These fees will be much lower than those your credit card charges (generally 2.5% of the transaction).

You can manage your account easily with the Wise application. Moreover, you can manage your card with complete peace of mind by freezing and thawing it instantly. The automatic currency conversion feature ensures that you always pay the lowest possible fees when using currencies not held on your account.

Keep an eye on your currency balances within the app and receive instant notifications for added security. As a debit card, the Wise Card helps you manage your budget without accumulating debt or incurring credit charges. Opt for the Wise Card and optimize your finances on a daily basis or when you travel abroad!

With the EQ Bank Card, you pay no foreign exchange fees for purchases made abroad or in foreign currencies. This Mastercard is a reloadable prepaid card with which you can make free withdrawals at any ATM in Canada.

In addition, you earn the same excellent rate as your Personal Account, as well as 0.5% cash back on every purchase made with the EQ Bank Card.

Since it is a Mastercard, you can use it anywhere in the world as well as in Costco warehouses in Canada.