Eligibility requirements for Koho Extra credit card
☑️ Be at least 18 years old
☑️ Have a valid Canadian residence
☑️ Hold an active Koho account via app or website
☑️ Provide a valid phone number and email address
Documents needed to apply
📄 Valid government-issued photo ID (passport or driver’s license)
📄 Proof of address in Canada
📄 Personal information for identity verification
📄 Active email for account registration
Approval depends on meeting all requirements, and Koho may request additional documentation if necessary.
How to apply for Koho Extra credit card
Applying for the Koho Extra credit card is fast and entirely online. Simply download the Koho app or visit the official website. After creating your account, choose the Extra plan and complete registration with your personal information.
You’ll need to fund your account or set up direct deposit to start using the card and earning 3% interest. No credit check is required, but some verifications may apply. If not approved right away, you can reapply later.
How to manage monthly payments for Koho Extra credit card
Since the Koho Extra credit card is prepaid, there are no traditional monthly bills. You need to keep enough balance to cover your purchases and subscriptions.
You can top up your account via e-Transfer, direct deposit, or bank transfer. Charges are deducted automatically from your available balance, with no fixed due dates.
Fees and costs
The Koho Extra credit card has a monthly fee of $18, offering 1.5% cashback on groceries, transportation, and dining, and 0.25% on all other purchases. The account balance earns 3% annually. Credit Building is available for an additional $7/month.
No fees apply for international transactions or e-Transfers. Funds can be protected up to $100,000 through CDIC when interest is activated. ATM withdrawals may incur third-party fees, but Koho does not charge additional withdrawal fees.
A tip for your wallet
To get the best value from Koho Extra credit card, activate the 3% interest as soon as your account is open and keep a consistent balance to maximize savings. Focus on spending in high cashback categories like groceries, transportation, and dining to earn more from everyday purchases.
Use RoundUps to automatically save small amounts and grow your balance effortlessly. Setting up automatic monthly deposits can also keep your account active and benefits flowing. For secure online shopping, use the virtual card feature available in the app.
See how to get Koho Extra now
Want to enjoy all the perks of Koho Extra credit card? Click below and apply today!