KOHO Prepaid Mastercard® Extra Plan  🇨🇦

Welcome Bonus
3 months free + $20 cash back
  • Prepaid Card
  • No Foreign Transaction Fee
  • Accepted at Costco
Annual Fee
$144
Interest rates
Purchase Rates
Cash Advance Rates
Balance Transfer Rates
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KOHO Prepaid Mastercard® Extra Plan
3 months free + $20 cash back
Apply Now

Offer

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 3% 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

Card Awards

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Best credit card – prepaid
Best prepaid credit card

Fees & Conditions

Personal Income $0
Household Income $0
Annual Fee $144
First Additional Card $0
Foreign Transaction Fee 0.00%

Advantages

Minimum Spending Required $1
Minimum Spending Timeframe (Months) 1 month
Costco

Earnings

Per dollar of purchases

All Spending 0.25 %
Groceries 1.5 %
Gas 1.5 %
Dining and Food delivery 0.25 %
Convenience Stores 0.25 %
Drugstores 0.25 %
Local Transport 1.5 %
Travel 0.25 %
Entertainment 0.25 %
Recurring Payments 0.25 %
Telecom/Internet 0.25 %
Streaming services 0.25 %
Online transactions 0.25 %
Office Supplies 0.25 %

Insurance

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance

There may be a daily maximum amount depending on the type of fees paid

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
Purchase Protection
Mobile Device Insurance
Price 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 3% 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)

Alternative Cards

4 Milesopedia Rating

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