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

KOHO Joint Prepaid Visa Overview

KOHO has recently switched to Mastercard! Check out the KOHO Joint Prepaid Mastercard here.

*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 Visa card can be just what you need need to earn a minimum of 0.5% cashback on everyday purchases.

The KOHO Joint Prepaid Visa 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 Visa, you can:

  • Track spending and purchases through the KOHO app.
  • Set savings and spending goals.
  • Contribute to the account together.
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You can do all this and more without paying account fees. Yes, you read right. The KOHO Joint Prepaid Visa 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 Visa in your pocket.

The KOHO Joint Prepaid Visa 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 6% cashback at select KOHO partner stores. With the KOHO Joint Prepaid Visa, 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.

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Essential Information





Card Type



You will earn a referral bonus whenever you refer someone to KOHO. The KOHO Joint Prepaid Visa 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 Visa earns:

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

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

  • 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 through Visa Zero Liability.
  • 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 Visa 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
  • Visa Direct Load Fee: 75¢ per transaction (on transactions of or below $300)
  • Foreign transaction fee: 1.5%
  • KOHO Credit Building: $7/month
  • KOHO Early Payroll Instant: $5/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
– 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 Visa

Who Should Get a KOHO Joint Prepaid Visa?

The KOHO Joint Prepaid Visa 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 Visa card. Also, you can track spending and set savings goals that you can both monitor.

How Does the KOHO Joint Prepaid Visa Card Work?

The KOHO Joint Prepaid Visa 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 Visa Card Improve My Credit Score?

No, the KOHO Joint Prepaid Visa 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 Visa?

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 Visa account.

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

The KOHO Joint Prepaid Visa 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 Visa?

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

Can I Use the KOHO Joint Prepaid Visa Card Anywhere?

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

General Terms

View the Visa Cardholder Agreement here.

KOHO Joint Prepaid Visa Details

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

KOHO Joint Prepaid Visa Offices

Phone Number
Weekdays: 9 am-9 pm ET Weekends: 9 am-5 pm ET
25 E 6th Ave Vancouver BC V5T 1J3 Canada
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April 10, 2022

After bugs were worked out, I now highly recommend this Visa Card service. I have seen most online operations and this company in Toronto is working great and the cash back is also great if you are running USA dollar purchases as the fees are reduced. Keep up the good work!

April 10, 2022

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!!

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KOHO Joint Prepaid Visa Card Details
  • Min. Credit :
    Poor (300 - 559)
  • Card Type : Rewards, Secured
  • Reward Type : Cashback
  • Providers : KOHO
  • Network Provider : Visa
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KOHO Joint Prepaid Visa Reviews
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