KOHO Extra

KOHO Extra Mastercard
Review

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Card Details

Based on $2,000 spending

First Year Value


$151.79

$151.79 in years after

Annual Rewards

$259.79

First Year Bonus

$0

Annual Fee

$108

First Year Value

$151.79

Interest Rates


Purchase: N/A

Cash Advance: N/A

Annual Fee


$108

Annual Income


Personal: N/A

Household: N/A

Credit Score Estimate


300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Welcome Bonus


N/A

Card & Reward Type


Card Type: Prepaid

Reward Type: Cash Back

Our Rating


2.6/5

Institution


KOHO

Rewards


  • 2% cashback on groceries, Transportation, eating and drinking
  • 0.5% cashback on everything else

Insurance & Benefits


No insurance coverage information available for this card.


Benefits

Details

  • exchange money

    No Foreign Transaction Fees

  • send money

    Unlimited e-Transfers

  • discount

    Discount

    $3 discount on credit building each month
  • grwoth

    Interest on Balance

    5% interest on your entire balance

Pros & Cons


Pros

  • Great prepaid card with very solid benefits.
  • Can earn rewards on a prepaid card, which is usually not offered on these types of cards.

Cons

  • A monthly fee that needs to be considered to determine if it's worth the benefits you get access to or not.
  • For building credit, there are better alternative options.
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