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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%
Because it's a prepaid card, there is no hard credit check required.
Canadians are guaranteed approval for this card.
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.
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