Monday, February 8, 2021

Koho Premium Prepaid Visa Review

The Koho Premium Prepaid Visa is one of only a select few prepaid credit cards that offers rewards for your everyday spending on the card. This card is virtually open to anyone since there are no credit checks necessary as you have to fund it prior to using it. Technically what you are opening a savings account with Koho that comes with a reloadable prepaid Visa card. They also offer non-premium version called the Koho Reloadable Prepaid Visa.

The Koho Premium Prepaid Visa is the top end card from People's Trust Company which is the parent company of Koho. The card is prepaid which means you don't have to have good credit to have it in your wallet. You simply fund it before using and you can only spend as much as you have loaded onto the card. The card does carry a monthly fee but it also provides the best reward earn rates of the two of cards offered in the Koho program. Not only that you can earn additional cash back when you refer people to Koho and here's a biggie - it comes with no Foreign Transaction fees so if you use the card to shop online outside of Canada or travel outside of Canada you won't be dinged with that 2 to 3% extra most cards charge on non C$ purchases.

Continue reading the entire review here.

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