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4.1
/5
KOHO
Mastercard
KOHO Extra MastercardCash Back Calculator
Our Take
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.
Exclusive · From FinlyWealth$75$100 rebate
Limited offer · ends Jul 1
Card Details
Interest Rates
Purchase: N/A
Cash Advance: N/A
Annual Fees
Main Card: $144
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
4.1/5
Institution
KOHO
How You Earn 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
- 2.5% interest on your entire balance
- No FX fees
Annual Rewards Breakdown
Annual Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
0 insurance
4 benefits
Insurance
No insurance coverage is bundled with this card.
Benefits
Details
No Foreign Transaction Fees
No more paying 2.5% or more on your foreign purchases
Interest on Balance
2.5% interest on your entire balance
Unlimited e-Transfers
Discount
Discount on Credit Building - only $7/mo
Pros & Cons
Pros
- Rewards program
- Select merchant bonus cashback
- No foreign transaction fees
- Interest on balance
- Unlimited e-transfer
- Credit building discount
- Poor credit approval
Cons
- Benefit monthly fees
- Weaker credit building
- High annual fee
- No insurance