Card Details
Interest Rates
Purchase: N/A
Cash Advance: N/A
Annual Fee
$177
Annual Income
Personal: N/A
Household: N/A
Credit Score Estimate
300Poor
560Fair
660Good
725Very Good
760Excellent
Welcome Bonus
N/A
Card & Reward Type
Card Type: Prepaid
Reward Type: Cash Back
Our Rating
2.5/5
Institution
KOHO
Rewards
- 2% cash back on groceries, eating & drinking, and transportation
- 0.5% cash back on all other purchases
- Up to 6.5% extra cash back at selected merchants
- 4% interest on your entire balance
- No FX fees
- Up to 6.5% extra cash back at selected merchants
Insurance & Benefits
No insurance coverage information available for this card.
Benefits
Details
No Foreign Transaction Fees
Interest on Balance
4% interest on your entire balance
Unlimited e-Transfers
Discount
Discount on Credit Building - only $5/mo
Pros & Cons
Pros
- High rewards: Earn 2% cash back on essential categories like groceries, restaurants, and transportation.
- No foreign exchange fees: Save 2.5% on all foreign currency purchases.
- 4% interest on balance: This makes it one of the best hybrid savings and spending accounts.
- No credit check: Instant approval with no impact on your credit score.
Cons
- High annual fee: The card comes with a hefty $177 annual fee, or $22 monthly if not purchasing the annual option.
- Lower cash back on other purchases: Only 0.5% on all other purchases.
- No insurance: Lacks typical credit card insurance perks.