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Mr. Loonie

Koho Everything Prepaid Mastercard

Best for: People who want higher cash back on groceries and dining and no foreign transaction fee

Cost to keep it for a year
$177
$14.75 a month
Monthly fee
$14.75
Fee to add cash
None
Apply now on KOHO’s site (opens in a new tab)
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from KOHO’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

Can I get it? Perks Fees Similar cards
From the numbers

The good and the bad

Stands out

  • Good: No foreign transaction fee Good for travel and shopping in other currencies.

Watch for

  • Watch for: $177 a year

Worked out from the card’s rates and fees.

Before you apply

Can I get it?

  • Where you live Canada
  • Work permit holders Yes
  • Study permit holders Yes

Mr. Loonie’s tip Most prepaid cards don’t build credit. If that matters to you, check whether the card reports to the credit bureaus.

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • 0.5% cash back on all other purchases
  • 2% cash back on groceries, transportation, and eating & drinking
  • Up to 6.5% extra cash back at selected merchants
  • Lock card in-app
  • 3.5% interest on your entire balance
  • Build your credit history with a 6-month Credit Builder program at only $5/month
  • Get access to a cash advance of up to $250 at 0% interest with KOHO Cover
  • Free Credit Score
  • Mobile wallets Apple Pay, Google Pay, Samsung Pay
Fees and interest

What it costs

Monthly fee
$14.75 $14.75 a month when you pay for the year, or $22 a month month to month
Card price
None
Fee to add cash
None
Foreign currency fee
None
All fees and rates

Fees

Annual fee
$177

Prepaid fees and limits

Activation fee
None
ATM fee, own network
None
ATM fee, other ATMs
None
ATM fee, outside Canada
None
Inactivity fee, per month
$1 This monthly fee is applied to accounts that have been open for 13 months and inactive for 6 months.
Replacement card
None
Smallest load
$1
Largest load
$20,000
Largest balance
$50,000
Currencies held
CAD
Funds expire
No
Virtual card
Yes
Source
Issuer page

Read the card terms and conditions for the full terms.

Before you decide

Similar cards

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Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the Koho Everything Prepaid Mastercard?

$177 a year.

Does it charge a foreign transaction fee?

No. Purchases in other currencies have no extra fee.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$177
a year to keep
Apply now on KOHO’s site (opens in a new tab)
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