KOHO credit cards
The best KOHO credit cards in Canada for 2026.
KOHO is technically a prepaid Mastercard, not a credit card, but it's included in many Canadian 'credit card' rankings because it functions similarly for daily spending. KOHO offers cashback on purchases, early payday, and a budgeting app — without a credit check.
Income range
None — no income requirement
Credit score
None — no credit check
Best for
Canadians building credit, those who can't qualify for traditional credit cards, budgeters
KOHO card lineup
All 0 KOHO cards we’ve tested.
No KOHO cards currently tracked. Check back as we test more cards from this issuer.
About KOHO cards
What to know before applying.
KOHO is a Canadian fintech that issues a prepaid Mastercard, not a traditional credit card. There's no credit check, no annual fee on the standard tier, and you load money onto the card before spending. KOHO's appeal: it functions like a debit card with cashback (1% on the free tier), early-payday access, and a budgeting app — and it can help you build credit through their Credit Building add-on.
Best for
Canadians building credit, those who can't qualify for traditional credit cards, budgeters
Not for
Those wanting actual credit (KOHO is prepaid), travel-rewards seekers
FAQ
Common questions about KOHO cards.
Is KOHO a credit card or a debit card?
Neither, technically. KOHO is a prepaid Mastercard. You load money onto it before spending. It functions like a debit card in checkout but offers cashback features like a credit card. KOHO is NOT a traditional credit card — there's no credit line and no monthly statement to pay off.
Can KOHO help build credit?
Yes, through their Credit Building add-on ($10/month or included in higher tiers). KOHO reports your usage to Equifax monthly, which builds your credit score over time. This is one of the few ways to build credit in Canada without taking on actual debt.
What is KOHO Earn Interest?
KOHO Earn Interest pays interest on your KOHO balance, similar to a savings account. The rate varies by tier — the free tier pays roughly 2.5%, premium tiers pay higher. Combined with cashback on spending, it makes KOHO competitive with traditional chequing accounts.
Is KOHO safe?
Yes. KOHO funds are held in trust at a CDIC-member partner bank, with deposits protected up to $100,000. KOHO has been operating since 2014 with backing from Power Corporation of Canada. See our [Is KOHO safe?](/blog/is-koho-safe) breakdown for the full analysis.