KOHO Essential Mastercard® Prepaid Card 

Welcome Bonus
$20 cash back
  • Prepaid card
  • Accepted at Costco
Annual Fee
$48
Interest rates
Purchase Rates
Cash Advance Rates
Balance Transfer Rates

koho mastercard-modified
KOHO Essential Mastercard® Prepaid Card
$20 cash back
Apply Now
Updated Feb 4, 2025

Offer

Special offer:

  • Enter the code MILESOPEDIA when you apply for your card
  • Earn a $20 cash bonus when you sign up for a KOHO account with our link and make your first purchase within 30 days of registration

Features:

  • Get 1% cash back on groceries, meals, drinks and transportation
  • Accepted at Costco
  • Earn 2.5% interest on your spending and savings account. Your funds will also be eligible for CDIC insurance. Interest rates are annual, calculated daily, paid monthly and may be changed at any time without notice.
  • $4 per month billed monthly or $48 per year billed annually
  • Access all KOHO account features such as Safe, Goals and Rounding Amounts
  • Get access to a cash advance of up to $250 at 0% interest with KOHO Cover

Fees & Conditions

Personal Income $0
Household Income $0
Annual Fee $48
Foreign Transaction Fee 1.5%

Value

Calculate the rewards
Your Monthly Spending
Year 1
Year 2+
Welcome Bonus
0 $
Annual Credit
Travel benefits
VIP Lounges
First year offer value
Rewards Earned
Annual fee
Net value

Advantages

Welcome Bonus amount $20 cash back
Minimum Spending Required $1
Minimum Spending Timeframe (Months) 1 month
Costco

Earnings

Per dollar of purchases

All Spending 0.00
Groceries 1 %
Gas 0.00
Dining and Food delivery 0.00
Convenience Stores 0.00
Drugstores 0.00
Local Transport 1 %
Travel 0.00
Entertainment 0.00
Recurring Payments 0.00
Telecom/Internet 0.00
Streaming services 0.00
Online transactions 0.00
Office Supplies 0.00

Insurance

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance

There may be a daily maximum amount depending on the type of fees paid

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
Purchase Protection
Mobile Device Insurance
Price Protection

Alternative Cards

4 Milesopedia Rating