KOHO Credit Cards - Comparewise

Best KOHO Credit Cards

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KOHO

*Limited time only – Get a $20 cash bonus with code: COMPAREWISE by...
  • $0
    Annual fee
  • $20
    Welcome Bonus
  • 2%
    Rewards Rate
  • Min.Credit:
                        
  • Rating: 5.0
*Limited time only – Get a $20 cash bonus with code: COMPAREWISE by...
  • $0
    Annual fee
  • $20
    Welcome Bonus
  • 2%
    Rewards Rate
  • Min.Credit:
                        
  • Rating: 5.0
*Limited time only – Get a $20 cash bonus with code: COMPAREWISE by...
  • $84
    Annual fee
  • $20
    Welcome Bonus
  • 2%
    Rewards Rate
  • Min.Credit:
                        
  • Rating: 5.0
KOHO has recently switched to Mastercard! Check out the KOHO Joint Prepaid...
  • $0
    Annual fee
  • $20
    Welcome Bonus
  • 2%
    Rewards Rate
  • Min.Credit:
                        
  • Rating: 5.0
KOHO has recently switched to Mastercard! Check out the KOHO Prepaid...
  • $0
    Annual fee
  • $20
    Welcome Bonus
  • 2%
    Rewards Rate
  • Min.Credit:
                        
  • Rating: 5.0
KOHO has recently switched to Mastercard! Check out the KOHO Premium...
  • $84
    Annual fee
  • $20
    Welcome Bonus
  • 2%
    Rewards Rate
  • Min.Credit:
                        
  • Rating: 5.0

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KOHO Credit Cards

The Benefits of KOHO Credit Cards

KOHO credit cards are easy to use and allow you to quickly load the card with as much or as little as you need, so you don't have to add a minimum amount, which is standard for many secured credit cards. KOHO offers an easy-to-use mobile app, and it's fast to register and order a new credit card, which is mailed out and received within one to two weeks. The Visa card is compatible worldwide, so you can book vacations, purchase products online, and pay for other services that accept Visa credit cards. It's an excellent budgeting app, as KOHO provides various services to help you set financial goals, monitor your spending habits, and save regularly. You'll have access to various other services, both free and available for a small fee, including cashback, earning interest on savings, building (or rebuilding) your credit, budgeting, and early payroll. A significant feature, KOHO's early payroll, allows you to access up to $100 three days before your next payroll and is applicable only for customers with automatic payroll deposits, which must be set up through your KOHO account. KOHO's mobile app is easy to use, and transferring funds from your bank account, or PayPal, is accessible and usually processed within half an hour or sooner. Many preferred vendors and retailers provide higher cashback rates, discounts, and other perks every time you use your KOHO card. products-koho-comparewise

Drawbacks of KOHO Credit Cards

While this credit card is a great product, there are a few items you may want to consider before you sign up. There is an inactivity fee if you don't use the account regularly, which is easy to avoid if you load and spend with the card at least once a month. Foreign transaction fees can get high, especially if you use your KOHO credit card internationally or withdraw funds regularly from an ATM. Many KOHO services are free, though some of the benefits require upgrading to a premium service to access and reap the rewards.

KOHO Credit Cards Summary

Overall, KOHO credit cards are among the top choice for new Canadians, students, and anyone looking to establish or repair credit. There are no annual fees if you use the basic service, and it's an affordable card that offers a lot of great tools and advantages for everyday use.

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Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.

Get $20 CAD of BTC with promo code: COMPAREWISE
Min Investment
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Target Return
4-7%
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Min Investment
$1
Target Return
Up to 12%
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Min Investment
$1
Target Return
2-18%
Crypto exchange starting with just $10
Min Investment
$1
Target Return
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Trade 150+ cryptos plus use your crypto for purchases
Min Investment
$1
Target Return
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Min Investment
$15,000
Target Return
10-25%
Connect with you fave music & own shares of songs
Min Investment
$1
Target Return
Varied
Get up to $5,000 cashback on Canada's #1 trading platform.
Min Investment
$100
Target Return
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Earn rewards when you buy and sell crypto on BlockFi
Min Investment
$1
Target Return
Up to 8.6%
Make, buy, and sell digital art NFT's using Ethereum
Min Investment
$1
Target Return
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A marketplace for small and local business investment
Min Investment
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Target Return
10-15%
Online real estate investment in one platform
Min Investment
$25,000
Target Return
9-24%

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May 16, 2022
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FAQs about
KOHO Credit Cards

What makes KOHO credit cards one of the best prepaid cards for Canadians?

KOHO offers many great benefits, in addition to the prepaid credit card, which includes budgeting, a savings account option, cashback rewards, and no minimum deposit requirement.

Do I have to sign up for premium benefits through KOHO?

No. KOHO is great as an essential service, which is ideal if you’re just getting started. Once you decide to use more services, you can decide to sign up for more later.

Is the payroll advance option expensive?

The fee is $5 for the advance, which is reasonable, and a great option if you need cash fast.

What is best to use with a KOHO credit card?

If you have a bank account, another Visa card, or savings account, these are ideal to use in conjunction with your KOHO credit card to build credit and savings.

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