tag icon

Limited time only: Get a $20 bonus* with code: COMPAREWISE - Claim this offer

pencil icon Write a review
1 Reviews
  • $0 Annual Fee
  • $20 Welcome Bonus
  • 5% Rewards Rate
tag icon

Limited time only: Get a $20 bonus* with code: COMPAREWISE - Claim this offer

KOHO Joint Prepaid Mastercard Overview

Editorial Note: Comparewise is supported by our readers. When you find products and services through links on our site, we may earn commission.

*Limited time only – Get a $20 cash bonus with code: COMPAREWISE by opening an account and making a purchase with KOHO card within 30 days after registration (this works with both virtual and physical cards).

The KOHO Joint Prepaid Mastercard can be just what you need need to earn a minimum of 0.5% cashback on everyday purchases.

The KOHO Joint Prepaid Mastercard is a must-have if you want to share finances with a roommate, relative, partner, or spouse. It’s a convenient way to manage finances, save for a shared goal, and improve spending habits. With the KOHO Joint Prepaid Mastercard, you can:

  • Track spending and purchases through the KOHO app.
  • Set savings and spending goals.
  • Contribute to the account together.
koho 20 bonus promo banner mastercard- comparewise

You can do all this and more without paying account fees. Yes, you read right. The KOHO Joint Prepaid Mastercard carries no ATM withdrawal, card cancellation, and monthly fees. You’ll save hundreds of dollars on card fees when you have the KOHO Joint Prepaid Mastercard in your pocket.

The KOHO Joint Prepaid Mastercard earns you cash back rewards. Whenever you use your card to purchase at eligible merchants, you’ll earn 0.5% cashback.

What’s more, you’ll receive up to 5% cashback at select KOHO partner stores. With the KOHO Joint Prepaid Mastercard, you’ll have access to KOHO’s credit building feature. This allows you to improve your credit score. You’ll also benefit from automated savings and 1.2% annual savings interest.

koho instant cashback on every purchase

Essential Information





Card Type



You will earn a referral bonus whenever you refer someone to KOHO. The KOHO Joint Prepaid Mastercard also enrols cardholders into KOHO’s cashback program.

Referral Bonus

Refer a friend or relative to KOHO, and both of you will receive a $20 referral bonus. The $20 will be credited to your accounts once the referee makes their first purchase within 30 days of opening the account.


The KOHO Joint Prepaid Mastercard earns:

  • 0.5% cashback on all purchases
  • Up to 5% cashback with selected partnered merchants

Other Perks

You’ll receive the following additional benefits besides earning cashback on your KOHO Joint Prepaid Mastercard.

  • Real-time spending notifications. Monitor the movement of funds in your shared account in real-time.
  • Improve your credit score through KOHO Credit Building.
  • Earn 1.2% interest every year on your spendable, RoundUp, and savings balances.
  • Automate savings through the RoundUp feature.
  • Easily share finances and savings goals with your partner, spouse, relatives, or anyone else.
  • Stay protected from unauthorized card use.
  • Lock your card at any time through the KOHO app.
  • Use a virtual card when making purchases online.
  • Get an advance of $100 three days before receiving your salary with KOHO Early Payroll.
  • Add your card to Samsung, Apple, and Google Pay.

Costs and Fees

The KOHO Joint Prepaid Mastercard carries the following costs and fees.

  • Monthly fee: $0
  • The annual interest rate on purchases: N/A
  • Inactivity fee: $1.00
  • INTERAC e-transfer fee: $0
  • EFTs from your bank: $0
  • Card cancellation fee: $0
  • ATM Withdrawal fee: $0
  • Direct Load Fee: 75¢ per transaction (on transactions of or below $300)
  • Foreign transaction fee: 1.5%
  • KOHO Credit Building: $10/month

Cash Back Partners

Earn up to 6% additional cashback when you purchase with your card at the following KOHO partner stores.

– Altitude Sports
– Attitude
– Baskin Robbins
– iQ
– Indigo
– Indochino
– Kernels
– Open Farm
– Pizza 73
– Pizza Pizza
– Vitamix
– Well.ca
– Branch
– Buffalo David Bitton
– Chefs Plate
– Contiki
– Frank And Oak
– Kit Ace
– Rakuten Kobo
– Meyer
– Nature Market
– Reebok
– 10 Tentree
– The Last Hunt

FAQs about the
KOHO Joint Prepaid Mastercard

Who Should Get a KOHO Joint Prepaid Mastercard?

The KOHO Joint Prepaid Mastercard is ideal for anyone who wants to share finances with someone else. This can be your partner, spouse, relative, or friend. You’ll both be able to add money to the account and make purchases with the Mastercard. Also, you can track spending and set savings goals that you can both monitor.

How Does the KOHO Joint Prepaid Mastercard Work?

The KOHO Joint Prepaid Mastercard is attached to an account. You will add money to the account by making an e-transfer from an existing bank account. Or you can fund the account by having your paycheque deposited directly into it. Once your account is funded, you can use your card to purchase in-store or online.

Will the KOHO Joint Prepaid Mastercard Improve My Credit Score?

No, the KOHO Joint Prepaid Mastercard won’t improve your credit score. Since you spend your own money instead of credit, KOHO doesn’t report your account activity to the credit bureaus. If you want to improve your credit score, sign up for the credit building feature through the KOHO app.

How Do I Load the KOHO Joint Prepaid Mastercard?

You can add money to the card by making an e-transfer to your KOHO account from your existing bank account. Alternatively, have your paycheque deposited in your KOHO Joint Prepaid Mastercard account.

Is the KOHO Joint Prepaid Mastercard a Debit or Credit Card?

The KOHO Joint Prepaid Mastercard isn’t a debit or credit card. It’s a prepaid card. The card combines the self-funded aspect of a debit card with the cash back rewards feature of a credit card.

What Are the Eligibility Requirements for the KOHO Joint Prepaid Mastercard?

Both account members must be at least 18 or 19 years of age and older.

Can I Use the KOHO Joint Prepaid Mastercard Anywhere?

Yes, you can use the KOHO Joint Prepaid Mastercard anywhere. It runs on the Mastercard network, so you can use your card wherever you see a Mastercard logo.

General Terms

View the Mastercard Cardholder Agreement here.

KOHO Joint Prepaid Mastercard Details

Network Provider
Card Type
Rewards, Secured
Rewards Type
Annual Fee
Purchase Interest Rate
Credit Needed
Poor (300 - 559)

KOHO Joint Prepaid Mastercard Offices

Phone Number
Weekdays: 9 am-9 pm ET Weekends: 9 am-5 pm ET
25 E 6th Ave Vancouver BC V5T 1J3 Canada
Review widget

Add the badge below to show your rating on your website in 3 simple steps:

  1. Choose the badge that you like
  2. Copy the widget HTML code
  3. Paste the HTML code on your website

Most of our partners add the badge to the header or footer of their website and email signature for:

  • social proof to build credibility with new and existing customers
  • boost conversions throughout the entire marketing funnel
  • stand out on Google search with user generated content


February 19, 2023

I’m loving it!! It’s so much easier to afford $7 bucks for the credit building program then it was to fork over $200 or $300 for the bigger company’s!! I use the prepaid card daily and signed up for the roundup and have already used the price matching feature and got back .12 cents!! It’s not a lot but every little bit helps!!! I literally have nothing bad to say about KOHO or any of its added programs!!

Submit Review

Thank you for your valuable input!

  • Bonuses
  • Rewards
  • Knowledge
  • Usability
moomoo ad banner
KOHO Joint Prepaid Mastercard Card Details
  • Min. Credit :
    Poor (300 - 559)
  • Card Type : Rewards, Secured
  • Reward Type : Cashback
  • Providers : KOHO
  • Network Provider : Mastercard
KOHO Joint Prepaid Mastercard Social Media
KOHO Joint Prepaid Mastercard Reviews
5.0 average based on 1 reviews
  • Bonuses
  • Rewards
  • Service
  • Usability

Grow your finances today.

By submitting, you agree to comparewise’s terms of use and privacy policy.

Browse credit cards by Type

High-interest charges ...

Business credit cards ...

Check out the top crypto cards offered by crypto p...

Credit cards are conve...

Most credit cards comb...

Having a credit card c...

With the credit card i...

If you have poor or no...

Getting your first cre...

Car loan?
Personal Loan?

Top deals await you just a short
application away!