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KOHO Extra Mastercard Review
The Bottom Line
For those who don't aim to build their credit and are more interested in a prepaid card, this KOHO card is a good option. With benefits like interest on the whole balance, a foreign transaction fee waiver, and unlimited e-transfers, this is a very solid prepaid card. However, if your goal is to build credit, there are better options available to assist with that goal. Additionally, assess whether the monthly fee is worth the benefits you get compared to the basic card.
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on KOHO's website
Welcome Bonus
N/A
Rewards Rate
0.25% - 1.5%
Cash Back
Annual Fee
$144
Interest Rates
N/A / N/A
Rewards
- 1.5% cash back on groceries, eating & drinking, and transportation
- 0.25% cash back on all other purchases
- Up to 6.5% extra cash back at selected merchants
- 3% interest on your entire balance
- No FX fees
Benefits
Details
No Foreign Transaction Fees
No more paying 2.5% or more on your foreign purchases
Interest on Balance
3% interest on your entire balance
Unlimited e-Transfers
Discount
Discount on Credit Building - only $7/mo
Eligibility
Credit Score
PoorAnnual Income
N/A
Card Details
Interest Rates
Purchase APR
N/A
Cash Advance APR
N/A
Fees
Annual Fee
$144
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
Poor
Type
Card Type
Prepaid
Reward Type
Cash Back
Pros & Cons
Pros
- Great prepaid card with very solid benefits.
- Can earn rewards on a prepaid card, which is usually not offered on these types of cards.
Cons
- A monthly fee that needs to be considered to determine if it's worth the benefits you get access to or not.
- For building credit, there are better alternative options.
Get personalized rewards estimates — see exactly how much you could earn.
KOHO Extra Mastercard Cash Back Calculator
APPLY NOW
on KOHO's website