KOHO Essential 2026 Review

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

KOHO Essential4.6/5

KOHO

Annual fee
CA$48
Rewards rate
2%-1%
Welcome Bonus
CA$20
Apply Now →on KOHO's website

  • 2%Interest on your entire balance
  • 1%Cash back on groceries, transportation, and dining

Welcome Bonus:

New KOHO Essential users can typically get a $20 cash bonus by signing up with a referral code, depositing funds, and making their first purchase within 30 days.

Reward Rate:

Earn 1% cash back on groceries, transportation, and dining, plus 2% interest on your entire balance.

What sets the KOHO Essential apart is its ability to earn cash back while also providing interest on your balance, making it a versatile option for those who want to manage their spending without incurring debt.

Pros:

  • No minimum balance required
  • Earns interest on balance

Cons:

  • Annual fee unless conditions are met
  • Limited cash back categories
Apply now →

The KOHO Essential credit card may be suitable for individuals looking for a straightforward cash back rewards program with a low annual fee, particularly those who prioritize managing their spending effectively. Its unique feature of earning interest on balances adds value for users who wish to maintain a positive cash flow while enjoying the benefits of cash back rewards.

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