Annual fee
CA$0
Rewards rate
2%-1%
Welcome Bonus
N/A
Apply Now →on KOHO's website
- 1%Cash back on groceries, eating and drinking, and transportation
Welcome Bonus:
N/A
Reward Rate:
Earn 1% unlimited cash back on groceries, eating and drinking, and transportation.
What sets the KOHO Essential Prepaid Mastercard apart is its unique combination of budgeting and cash-back rewards without requiring a credit check. This card allows users to manage their spending effectively while earning cash back on essential purchases.
Pros:
- No interest charges or debt
- Earn cash back on everyday spending
Cons:
- Limited rewards compared to traditional credit cards
- Requires a recurring direct deposit to waive the fee
The KOHO Essential Prepaid Mastercard is a suitable option for individuals seeking a straightforward budgeting tool that offers cash-back rewards without the necessity of a credit check. Its zero annual fee and ability to manage spending make it particularly appealing for those looking to control their finances while still benefiting from rewards on everyday purchases.