In Collaboration with KOHO

The holidays are here and so are credit card surcharges, ready to add extra stress to your holiday budget. And surcharges are the ultimate nepo-baby. Hear me out: you give a 2.4% tip to your credit card for no real reason other than the credit card companies wanted it and the government said, “Sure, sweetie.” Boom! Credit card surcharges are now a thing. 

Why can’t credit cards help their users like KOHO? KOHO uses the Mastercard network so it is accepted everywhere. Plus there are no purchase surcharges – ever – and no punitive interest rates either. In fact, between November 1 and December 31, 2022, KOHO will give you a lot of cash back and also give you a chance to win $5,000 CAD.

Get $20 with code HARDBACON
KOHO Mastercard® Prepaid Credit Card
  • KOHO is a full-service app and reloadable prepaid credit card with no hidden fees.
  • Get $20 when you sign up for a free KOHO account with code HARDBACON and make your first purchase*.
Get $20 Now! Read our review

Get more money back with KOHO this holiday season

It’s true. KOHO will give you up to 6% back with their partnered merchants. Lots of good stuff there, from stocking stuffers to high end gear. But what if you’re more of an eat-drink-and-be-merry kind of person? 

KOHO will give their Free program users a 0.5% savings interest rate on deposits, and 1% cash back on groceries, billing and services. So buy that cheese (1% back) and use your new fondue set (Black Friday score) to make the festivities even cheesier. And don’t hold back on the atmosphere either: set your streaming service to Mariah. That moment of musical bliss will get you 1% back. 

For just $4 per month, KOHO Essential plan members get 0.25% cash back unless its groceries, food and drink, and bills and services. Wait for it. Essential plan members get 1% cash back on groceries, bills and services (Mariah!), food and drinks and 1.5% interest rate on their deposits. That Black Friday fondue set? You get 0.25% cash back.

Premium KOHO members, well, they pay $9 a month, but they won’t when they realize that they can get 12 months for $84 dollars. That means $7 a month or a 2.2% savings. 

Premium members also get 0.50% cash back on regular purchases (um, that’s 100% more than the Essential plan) and 2% back on groceries, bills and services, food and drinks and transportation. That is 100% more cash back than the Essential and the Free plan. Finally, they get a 1.2% interest rate on their deposits. Oh, and they also get up to 6% back from partner merchants.

Wait, you probably glanced over the part where KOHO gives you 2% cash back on transportation. Plus, you can try the Premium plan for free for 30 days to see if you like it. 

Foreign exchange fees be gone

For KOHO Premium users, you get something you know you’ve needed forever: a break from foreign exchange fees. 

If you go on vacation with your KOHO prepaid Mastercard, you avoid foreign transaction fees. Grab a coffee under a palm tree? You pay no foreign exchange fee. That rhymes! 

When you use your virtual KOHO Prepaid Mastercard online at a store outside Canada, you save on foreign exchange fees. Again, Mastercard is a worldwide payment system, and KOHO Prepaid Mastercard lets you shop the world and avoid yet another type of surcharge.

Don’t forget that KOHO already gives you up to a 1.5% interest rate back on every deposit. So when you load your money onto your KOHO Prepaid Mastercard, that cash earns at least 0.5% back just for being there. Plus, there is no limit to how much cash back you can earn in a year.

So, for your hard earned cash you get at least 0.5%+1%+5% … and maybe instead of 1% they give you 2% instead. That’s a pretty sweet deal.

Instant approval and accepted everywhere with perks!

With KOHO’s Prepaid Mastercard, you get all the perks of a Mastercard without the crushing conditions: no minimum income, no credit score requirement, no hard check on your credit file. 

Do you know what else you don’t get with KOHO? You don’t get into debt. 

You can use your KOHO Prepaid Mastercard online or in store. Everytime you use it, you get a reward. Plus, your cash back is in your account within a few days instead of months like with some credit cards. 

Don’t forget that with KOHO you have access to Mastercard Priceless Perks like online culinary courses from all over the world. You also have access to exclusive trips and discounts.

Since it's a KOHO Mastercard, you also get exclusive Mastercard contests. That’s right, you get the Mastercard benefits without any guilt.

KOHO Prepaid Mastercard’s $5,000 cash contest

For some people, shopping sucks. For others, it's a finely honed skill. KOHO has a contest to make both types really happy.

When you use your KOHO Prepaid Mastercard between November 1 and December 31, 2022, you get a chance to win a grand prize of $5,000 CAD in Mastercard prepaid cards. Falalalala-lucky!

And even if you don’t win the big money, you can still win one of 5 secondary prizes of $500 CAD each on a prepaid Mastercard. 

Yeah, but maybe you don’t like the odds of winning the big prizes. KOHO understands that and that is why they made it really easy to earn anywhere from $20 to $60 in prepaid mastercards when you buy Oral-B products with your KOHO prepaid Mastercard and upload your receipt to

Here’s how it works:

  • A spend of $100 or more gets a $20 Mastercard prepaid card.
  • A spend of $150 or more gets a $35 Mastercard prepaid card. 
  • A spend of $200 or more gets a $60 Mastercard prepaid card.

Let’s do that math again. You spend $100 on Oral-B and you get 20% cash back. You spend $150 on Oral-B and you get 23.333% cash back. Spending $200 or more on Oral-B with your KOHO Prepaid Mastercard and you get 30% money back. Plus you used your KOHO Prepaid Mastercard, so you also get 0.5% cash back, and that great 1.2% interest rate. 

While the Oral-B contest is not available to Quebec residents, that $5,000 most certainly is. 

Did you just make money shopping? I think that you did. 

Using your KOHO Prepaid Mastercard in November and December will make your January look a whole lot richer. So have yourself a happy holiday season. From now on, you’ve got KOHO to help your winter and your wallet be worry-free.

Find the best credit card for your needs
Compare Canadian Credit Cards

Find the best credit card for your needs by answering a few questions.

Compare now