Prepaid

KOHO Essential Card

special feature(s)
No credit check
Because it's a prepaid card, there is no hard credit check required.
Guaranteed approval
Canadians are guaranteed approval for this card.
INTEREST RATES
0% Purchase
0% Cash advance
ANNUAL FEES
$48 Main cardholer
30-day free trial, then $4 / month (or $48/year)
$0 Additional card

REWARD CALCULATOR

Enter your total monthly expenses or by category

🛒
Groceries
🧾
Bills & Utilities
🌮
Food & Dining
🛍
Shopping
💵
Other
💸
Total
$
Welcome offer
The calculation result is based on the conversion of the welcome offer points into statement credit
$
Estimated annual rewards
The calculation result is based on the conversion of the maximum number of points that can be awarded after the first year

A low fee prepaid card great for credit builders

The essential Koho card is great for people that want to avoid paying interest fees on their purchases. With a low monthly fee of 4$, It is an amazing card for those who want to build their credit history or increase their credit score as it comes with an optional credit building assistance. In addition to that, funds loaded in the prepaid card accumulate an interest of 1.5%

No credit check

Because it's a prepaid card, there is no hard credit check required.

Guaranteed approval

Canadians are guaranteed approval for this card.

REQUIREMENTS

CREDIT
SCORE
CANADIAN RESIDENCY
REQUIRED INCOME

BENEFITS

Exclusive discounts with my favorite brands

On top of the 1% cash back that you'll get on groceries, recurring bills and services as well as 0.25% on everything else, you can also earn up to 10% cash back at partner vendors like Contiki, iQ, Kernels, The Last Hunt, Pizza Pizza and Branch.

RELATED ARTICLES

The Best Credit Cards Welcome Offers in Canada for January 2023

The best credit card is not the same for everyone, since we all have different needs. So you shouldn’t choose a credit…

All About the Visa Debit Card in Canada

What’s so special about a Visa debit card? It’s time you understood the plastic in your wallet. A Visa debit card is…

The 10 Best Black Credit Cards in Canada for 2022

Black credit cards are rare and exclusive. They’re designed for the rich and are considered prestigious.Plus, they come with some great perks…

15 Best Student Credit Cards in Canada

Getting a high grade point average (GPA) is good, but getting a high credit score is great and has more impact on…

Subscribe to our newsletter to receive exclusive content on personal finance

[sibwp_form id=1]
* By subscribing to the Hardbacon newsletter, you also agree to receive communications and offers from select partners. You can unsubscribe at any time.