KOHO Everything Mastercard
Cash Back1.0¢ exact
$177 annual feeCredit tier: None (prepaid)
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KOHO Everything is KOHO's top prepaid Mastercard plan, earning 2% cash back on groceries, dining, and transportation and 0.5% elsewhere, with 3.5% interest on your balance (among the highest in Canada) and no foreign transaction fees. At $177/yr billed annually it adds premium perks including a metal card and international eSIM.
Earn Rates
🛒 Groceries — Amex accepted2x🍽️ Dining2x⛽ Gas2x🚇 Transit2x·Everything else0.5x
💡 2% cash back on groceries, eating & drinking, and transportation (transit, rideshare, gas); 0.5% on everything else. $22/month billed monthly or $177/year billed annually (annual is cheaper). No foreign transaction fees. Up to 6.5% extra at select partner merchants; 3.5% interest on your balance; metal card with the annual plan.
Best For
KOHO power users who want the highest cash-back and interest rates plus no-FX spending and premium perks.
Strengths
- ✓2% on core everyday categories
- ✓3.5% interest on balance
- ✓No FX fees
- ✓Metal card + eSIM perks
Weaknesses
- ×$177–$264/yr fee with no waiver
- ×Only 0.5% outside core categories
- ×Prepaid (no native credit building)
- ×Premium fee hard to justify vs free cash-back cards
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