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, food & drinks, and transportation
- 0.25%Cash back on all other purchases
Welcome Bonus:
Get $20 cash after signing up and making your first purchase within 30 days.
Reward Rate:
Earn 1.5% cash back on groceries, food & drinks, and transportation.
A key differentiator is its tiered cash back structure, rewarding users significantly for spending in key categories while also providing interest on their balance.
Pros:
- High cash back on specific categories
- Earn interest on balance
Cons:
- Significant annual fee
- Limited cash back on other purchases
The KOHO Extra Mastercard may be particularly suitable for consumers who frequently spend in the card's designated high-reward categories and value the added benefit of earning interest on their balance. With an annual fee of CA$144, it is best for those who can maximize the cash back potential to offset the cost.