KOHO Prepaid Mastercard Extra Plan

Pros & Cons

Pros

No foreign transaction fees

Cons

High annual fee ($144/yr)
No airport lounge access despite fee

Our Review

The code EARNKOHO is applied automatically when you sign up through our KOHO link.

The KOHO Prepaid Mastercard with Extra Plan (formerly KOHO Premium Prepaid Mastercard) gives you more cash back:

1.5% on food, drinks, groceries, and transportation
0.25% on all other purchases
Up to 5% cash back at selected partner merchants

2.5% annual interest on eligible balances when you opt in to Earn Interest. The variable rate is calculated daily and paid monthly.

For your travels, take advantage of zero FX fees on foreign purchases.

The Extra plan costs $12 per month.

Rewards

All Spending

0.25%

cash back on eligible purchases

Groceries

1.5%

cash back on eligible purchases

Transit

1.5%

cash back on eligible purchases

Gas

1.5%

cash back on eligible purchases

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

Groceries1.50%

$700/month

Gas1.50%

$200/month

Transit1.50%

$100/month

Restaurants0.25%

$300/month

Pharmacy0.25%

$50/month

Travel0.25%

$150/month

Bills & recurring payments0.25%

$250/month

Telecom0.25%

$150/month

Entertainment & streaming0.25%

$100/month

Office supplies0.25%

$0/month

Search-engine & social-media advertising0.25%

$0/month

All other spending0.25%

$500/month

Cashback earned

$225

$/yr

Estimated Value

$225

After Fees

+$81

1st Year ValueThese figures are estimates from our own calculator, based on our point valuations and the spending you enter. They are not the card issuer's valuation and have not been provided or endorsed by the issuer. Actual rewards may vary.

$81

incl. welcome bonus

Annual rewards breakdown

Groceries$8,400/yr × 1.50%$126

Gas$2,400/yr × 1.50%$36

Transit$1,200/yr × 1.50%$18

Restaurants$3,600/yr × 0.25%$9

Pharmacy$600/yr × 0.25%$2

Travel$1,800/yr × 0.25%$5

Bills & recurring payments$3,000/yr × 0.25%$8

Telecom$1,800/yr × 0.25%$5

Entertainment & streaming$1,200/yr × 0.25%$3

All other spending$6,000/yr × 0.25%$15

Total annual spend$30,000

Monthly spend$2,500

Average earn rate on spend per year0.75%

Total cashback earned$225

Fees and interest rates

Annual Fee
$144
Additional card fee
$0
Foreign currency conversion fee
0%

Terms & Conditions

Card Features

The code EARNKOHO is applied automatically when you sign up through our KOHO link.

Features:

Earn 1.5% cash back on eligible groceries, transportation, and food and drinks and 0.25% on other eligible purchases.
Accepted at Costco
2.5% annual interest on eligible balances when you opt in to Earn Interest. The variable rate is calculated daily and paid monthly.
The Extra plan costs $12 per month.
No conversion fees on foreign purchases
1 free international ATM withdrawal per month
Credit enhancement for $7/month instead of $10
Access all KOHO account features such as Safe, Goals and Rounding Amounts
Eligible members may access a cash advance of up to $500 through the Cover bundle. The limit depends on eligibility. The bundle starts at $2/month. The standard price for the $500 tier is $30/month for eligible members. Eligibility criteria and Terms and Conditions apply.