If you need a card to help you reach your financial goals and control your budget, both KOHO card versions can be good for you. The KOHO prepaid Visa card offers cash back rewards, and you can set savings goals. Moreover, the KOHO Premium card offers more perks, and you can earn more extra cashback. However, the premium version charges an annual or monthly fee. But, which KOHO card version should you get? KOHO or KOHO Premium?

With the KOHO prepaid Visa card, you will not have to pay an annual fee, and you can get valuable help to reach your financial goals. However, with KOHO Premium, you can get access to credit-building features and free financial coaching. So, if you want to know more about KOHO and which card to get, keep reading our comparison!

The KOHO Visa card can be valuable for those who have a hard time controlling their finances but need a credit card. Also, the card has no fees, and you can earn up to 2% cash back. Moreover, KOHO Visa gives you the option to earn extra cashback with cash back partners. On KOHO’s website, you can find the total amount of cash back you can earn with this Visa card and the list of partner stores.

In addition, KOHO Visa can be very simple to use. After you create your account, you can deposit your money and use it however you like. Also, this can be a great thing for those who need to save money and have a hard time controlling their budget.

Moreover, you can use your prepaid Visa KOHO card to make everyday purchases wherever Visa is accepted, even online. Also, KOHO cardholders have access to a mobile app that allows you to check your balance and manage your spendings. Also, you can earn 1.20% interest on your balance!

Plus, the KOHO card has the Round-Up feature, which helps you reach your savings goals by rounding up every $1 or more you spend, and the difference is saved in your account. Also, if you set up direct payroll deposits, you can have access to financial coaching for free. With this, you can get help to plan your budget and many other financial goals.

The KOHO Premium card offers the same benefits and the same features as the prepaid Visa KOHO card. However, it works like an upgraded version of the prepaid version. For an $84 annual fee or a $9 monthly fee, you can get more cash back and perks. For example, you can increase your cash back from 0.5% to 2% on purchases made at restaurants, grocery stores, and more.

Moreover, cardholders of the KOHO Premium card have access to price matching. In this feature, if you make a purchase and later find the same item with a lower price, KOHO will give you the difference. Also, there will be no foreign transaction fees, and you can get unlimited access to an accredited financial counselor. This feature allows you to chat with a financial coach through the mobile app and get answers and explanations about your finances.

In addition, you can earn even more cash back with KOHO retailer partners. So, you can earn additional cash back when you make purchases with these partners, and the cash back percentage will vary by partner. And you can access the list with the rates and partners on KOHO’s official website.

Plus, if you have a low credit score or no score at all, you can have access to tools that will help you build credit. Also, with KOHO’s credit building feature, you can get your payment reports sent to a major credit bureau. However, this service costs $7 a month, but you can only access it with KOHO premium.

With the KOHO prepaid Visa version, you can get 0.5% cash back, and with KOHO Premium, you can get up to 2% cash back. Also, the prepaid Visa version has no annual fees, but KOHO Premium charges an annual fee of $84 or a monthly fee of $9. So, before you choose one of these cards, analyze their benefits and if you can pay for the fees.

The KOHO prepaid Visa card does charge a foreign transaction fee, and you can only get 0.5% cash back with everyday purchases. Also, you can earn interest on your deposits. On the other hand, KOHO Premium offers 2% cash back on eligible purchases, and you can apply to the credit building feature. But, you will have to pay an annual or monthly fee.

Therefore, even though you will have to pay an annual or monthly fee to get the KOHO Premium card, it can be the most valuable option. For example, you can earn up to $300 in cash back per year if you spend $15,000/year with KOHO Premium. And you could only earn $75 per year with a KOHO Visa when spending the same amount. So, you can earn more cash back with KOHO Premium.

Also, if you live in the United States and want to see other card options, we can help you. The Sable card can be the one for those who need to build credit. There is no minimum score and no annual fee. So, if you are interested, read our post below with a full review!