KOHO Prepaid Mastercard 2026 Review

Mika L.
Written by Mika L.
Financial Content Writer
Mat C.
Edited by Mat C.
Managing Editor & Senior Developer

KOHO Prepaid Mastercard4.6/5

KOHO

Annual fee
N/A
Rewards rate
2%-0%
Welcome Bonus
CA$20 to CA$40
Apply Now →on KOHO's website

  • 2%Cash back on everyday spending

Welcome Bonus:

New users can generally earn a $20 to $40 cash bonus and other tiered perks when signing up for a KOHO Prepaid Mastercard.

Reward Rate:

Earn up to 2% cash back on everyday spending, with additional rewards available through partner merchants.

What sets the KOHO Prepaid Mastercard apart is its ability to offer cash back rewards while functioning as a prepaid card. This unique combination allows users to manage their spending effectively while still earning rewards, making it a popular choice among Canadians.

Pros:

  • Instant approval
  • No credit check

Cons:

  • Requires preloading funds
  • Limited to prepaid functionality
Apply now →

The KOHO Prepaid Mastercard is well-suited for individuals looking for a spending management tool that also offers cashback rewards without the burden of an annual fee. It may particularly appeal to budget-conscious consumers and those who prefer the structure of a prepaid card to help control their finances while still enjoying rewards on their purchases.

Frequently Asked Questions

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