Expired Hot Deals

[KOHO] KOHO Prepaid Visa Card - $50 Free Credit

  • Last Updated:
  • Dec 18th, 2018 7:36 pm
[OP]
Member
Feb 16, 2012
256 posts
289 upvotes
Vancouver

KOHO Prepaid Visa Card - $50 Free Credit

Deal Link:
Retailer:
KOHO
I just received an email from GoodFood for getting the KOHO Prepaid Visa Card with $50 Free Credit. It looks like a similar offering to the STACK Mastercard.

Steps to get the offer:
1. Download the KOHO app and sign up with promo code GOODFOOD (enter the promo code in the 'Referral Code' box)
2. Add funds to your KOHO account and make your first purchase
3. Shop online instantly by creating a virtual card in the app, no need to wait for your physical card to arrive!
4. Once you make your first purchase, $20 will instantly be added to your KOHO account, the remaining $30 will be credited within 14 days

Verification:
Soft Credit Check: https://help.koho.ca/general-informatio ... edit-score
2 Documents needed to verify identity (some people get instant verification without needing to upload documents): https://help.koho.ca/security/identity-verification

Fees:
Foreign exchange transaction fee: 1.5%
Inactivity fee (starting month 13 after activation, billed monthly if your Card has not been used for 90 days): $1.00

The Free Perks:
0.5% CashBack
New KOHO card: $0/Free
Activation fee: $0/Free
Monthly maintenance fee: $0/Free
Purchases: $0/Free
Electronic funds transfer from your bank account: $0/Free
Interact e-Transfer: $0/Free
Direct load: $0/Free
Live customer service (per call): $0/Free
ATM withdrawl - within KOHO ATM network: $0/Free
KOHO card replacement fee: $0/Free
KOHO card cancellation fee: $0/Free
Refund processing fee: $0/Free

Four different card colours to choose from:
Image
Images
  • KOHO.png
  • KOHO_Fees.PNG
Last edited by taylour on Dec 6th, 2018 1:23 pm, edited 5 times in total.
Thread Summary
363 replies
Member
Mar 10, 2012
449 posts
458 upvotes
PEACHLAND
Does anyone have experience with this? I like free money :)
Deal Addict
Apr 9, 2010
2660 posts
811 upvotes
Montreal
This card is kind of useless for anyone who already has a decent credit card with 1% cashback or higher.

If they offered 0% forex fees I'd be tempted to get it.
Member
Mar 10, 2012
449 posts
458 upvotes
PEACHLAND
kenze wrote:
Dec 6th, 2018 12:37 pm
This card is kind of useless for anyone who already has a decent credit card with 1% cashback or higher.

If they offered 0% forex fees I'd be tempted to get it.
For me, it's about the $50 free. No one with a decent credit card will use this regularly. It's not a credit card, more of a debit card
Deal Addict
Mar 16, 2008
1977 posts
1020 upvotes
thx for the headsup

question after the 13 months, if your balance is zero ....will it go to negative balance due to the inactivity fee (and you owe them money)?
Deal Addict
Jul 24, 2003
1522 posts
249 upvotes
pongster wrote:
Dec 6th, 2018 12:44 pm
thx for the headsup

question after the 13 months, if your balance is zero ....will it go to negative balance due to the inactivity fee (and you owe them money)?
Nope
Deal Addict
User avatar
Dec 10, 2006
2224 posts
1848 upvotes
Toronto
kenze wrote:
Dec 6th, 2018 12:37 pm
This card is kind of useless for anyone who already has a decent credit card with 1% cashback or higher.
It's always good to have a prepaid card if you make purchases from sketchy sites (not pron, although I guess that qualifies - I'm thinking offshore startups).
Newbie
Sep 6, 2017
48 posts
16 upvotes
dammit..i signed up for one of these just two days ago..lol
Newbie
Feb 8, 2018
4 posts
2 upvotes
Sorry,but you have to write the promo code in réferal?

thanks
Member
Mar 10, 2012
449 posts
458 upvotes
PEACHLAND
smellnugget wrote:
Dec 6th, 2018 12:58 pm
Sorry,but you have to write the promo code in réferal?

thanks
Yes... At least I hope so! LOL

Top