Annual fee
CA$144
Rewards rate
1.5%-0.25%
Welcome Bonus
CA$20
Apply Now →on KOHO's website
- 1.5%Cash back on groceries, transportation, and dining
- 0.25%Cash back on all other purchases
Welcome Bonus:
New users can receive a $20 cash bonus upon signing up.
Reward Rate:
Earn 1.5% cash back on groceries, transportation, and dining, plus 0.25% on other purchases.
The KOHO Extra Mastercard is ideal for those looking to budget effectively while earning significant cash back on everyday spending, making it a practical choice for savvy consumers.
Pros:
- High cash back on essentials
- No foreign transaction fees
Cons:
- Annual fee applies
- Prepaid card structure may limit some users
The KOHO Extra Mastercard may be suitable for individuals who prioritize budgeting and seek to earn cash back on their daily purchases, particularly those who can benefit from its competitive reward structure despite the annual fee. However, potential users should carefully evaluate their spending habits to determine if the card aligns with their financial goals.