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4.9
/5
KOHO
Mastercard
KOHO Essential MastercardCash Back Calculator
Our Take
The KOHO Essential Mastercard is an excellent choice for people with poor or no credit who want a prepaid card that offers a few perks, like cash back and interest on balances. However, the rewards and benefits are not as robust as traditional credit cards, and the annual fee may not be justifiable unless you're maximizing the features like direct deposit and credit building.
Exclusive · From FinlyWealth$75$100 rebate
Limited offer · ends Jun 1
Card Details
Interest Rates
Purchase: N/A
Cash Advance: N/A
Annual Fees
Main Card: $0
Additional Cards: $0
Annual Income
Personal: N/A
Household: N/A
Credit Score Estimate
300⁎Poor
560⁎Fair
660⁎Good
725⁎Very Good
760⁎Excellent
Card Type
Prepaid
Our Rating
4.9/5
Institution
KOHO
How You Earn Rewards
- 1% cash back on groceries, eating and drinking, and transportation
- 2% interest on your entire balance
- Up to 6.5% extra cash back at selected merchants
Annual Rewards Breakdown
Annual Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
No insurance coverage information available for this card.
Benefits
Details
Unlimited e-Transfers
Interest on Balance
Up to 2% interest
Pros & Cons
Pros
- No credit check
- Interest on balance
- No annual fee
- Select merchant optimization
- Unlimited e-transfers
Cons
- Low purchase reward rate
- Limited benefits