KOHO

KOHO Prepaid Visa Review
Your source for a KOHO Referral

Get An Extra 1% In Cash Back


KOHO Referral Code :
KOHOBONUS

Must use the referral code to get bonus
First purchase must also be made within 30 days of account creation
See below for more details



What is KOHO?


KOHO is a free pre-paid Visa, reloadable card and integrated app that gives you real-time insights into your spending; and awesome features such as goals, rounding up every purchase into savings, joint accounts, 0.5% cash back PowerUps, and security features like being able to lock the card at any time.

The average KOHO member cut their spending by 15% and saved an average of $550 in just three weeks. App users can track their spending and use tools within the app to get a better idea of how much money they can realistically spend without creating more unnecessary debt.

KOHO is not a credit card. The KOHO Card is a Reloadable Prepaid Visa Card issued by Peoples Trust Company. And KOHO won’t affect your credit score, but it will give you all of the online buying power of a credit card with the cash-only benefits of a debit card. There is no commitment and no annual fees. So there is no risk to try it out.

Joint Accounts


*NEW* Now you can also share an account with anyone you want with KOHO Joint Accounts. Like a sibling, spouse, roommate or friend. You'll each get a card so you can easily share funds, track your expenses, and create common savings goals. Once you sign up for a personal card you can then sign up for a joint account in the app, and invite your savings partner. New physical cards for the joint account will then be sent out.

Referral Program


You will get a referral bonus of 1% extra cash back for 90 days just for signing up and making a transaction within the first 30 days of using the KOHO referral code. The timer starts as soon as you sign up, not when you receive your card. So make sure you don't wait too long to make that first purchase.
Use our KOHO referral code to sign up and take advantage of this bonus offer.

Virtual Card


They also provide you with a virtual card. And if you are like me, waiting to get the shiny new card is the hardest part. As soon as you are signed up you can load and start using your new KOHO card right away while the physical card is in the mail.

The virtual card can be used just like a regular physical card, however basically only for online or over the phone purchases. Or, you can add the virtual card to Apple Pay and use it pretty much anywhere.

This also means that you can use the KOHO referral code and get the bonus right away. For example, sign up, load a couple bucks onto the card, and make any purchase. You can even add 0.20 cents to your Amazon balance. No need to wait. Nice and easy!


KOHO Benefits

  • No annual fee
  • Bonus 1% in cash back with KOHOBONUS referral code
  • 0.5% cash-back on all purchases
  • Free Interac e-Transfers
  • Automated savings goals
  • Round up each purchase to the nearest $1, $5, or $10
  • Real-time spending insights
  • Exclusive Offers
  • Joint Accounts (NEW)
  • Bill Pay (NEW)
  • Apple Pay Compatible (NEW)

STACK vs KOHO

STACK
Mastercard
KOHO
Visa
Fees None None
Foreign transaction fees None 1.5%
Real-time notifications Yes Yes
Saving features Yes Yes
Reports to credit bureaus No No
Perks Retailer Discounts Retailer Discounts
0.5% Cash-Back
Sign Up Bonus $5 Bonus 1% for 90 days

We really like both cards. However KOHO seems to be the most popular. And there is no surprise why. They are continually adding exciting new features. The newest being the ability to create a joint spending account where two people can share an account and goals. On top of that, they offer 0.5% power ups... also known as cash back. They also regularly have offers with companies they partner with. For example $55 off an Endy Mattress, up to 50% off life insurance or free financial coaching (for users that have payrol direct).

They are probably not the best however for foreign spending. We would recommend STACK for that. Since they don't charge foreign transaction fee's. (STACK is also offering $5 to sign up) Neither card reports to the credit bureaus, so they won't affect your credit score. So feel free to sign up for both!


Getting Started With KOHO


Install Mobile App

Find in App Store
OR
Go to KOHO (Link)

Enter KOHO Referral Code
KOHOBONUS

Make a Purchase

You can wait for your physical card to arrive
OR
Use your new Virtual Card right away to make any online purchase, reload a gift card, or even add to your amazon balance.
Why wait!

Earn your bonus!

After your first transaction, the 90 day extra bonus begins

Refer your Friends and Family


The bonuses don't end there. Tell your friends and family about KOHO Visa and share your referral code with others. Let them know how great the card is and spread the word!

To find your unique promo code. Log in to the Koho mobile app, where you will see a small box on the top right. Your code will be displayed on this screen. For every person you refer, both yourself and your friend will get a bonus.




KOHO Review


Review

KOHO Visa is awesome. Load up some cash and get all the benefits and convinience of a credit card. The mobile app that goes along with it really allows you to do some neat things. Like budgeting, rounding up, and joint accounts so everyone in the family can get involved. We would like to see more companies be this forward thinking.
KOHO Visa and simularily the STACK Mastercard are really leading the pack.

Shaun Brown

Rating: 4.6/5



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