KOHO vs Prepaid Cards: Which is Better? (2025)
Discover why KOHO prepaid cards outperform traditional gift cards with cashback rewards, budgeting tools, and reloadability. Make the smart switch in 2025.
Prepaid cards have come a long way from simple gift cards. But not all prepaid options are created equal. Let’s compare traditional prepaid gift cards to KOHO’s smart prepaid Mastercard. Looking for a referral code for KOHO ? You’ve found the best one.
Traditional Prepaid Gift Cards
You’ve seen them at grocery stores and gas stations:
- Load once, use until empty
- Often come with activation fees
- No rewards or cashback
- Limited to specific merchants (sometimes)
- Can’t be reloaded
- No budgeting features
KOHO’s Prepaid Mastercard
KOHO reimagines what a prepaid card can be:
- Reload anytime, as much as you want
- No activation fees
- Earn cashback on purchases
- Accepted anywhere Mastercard is
- Integrated budgeting and savings tools
- Real-time spending notifications
The Major Advantages of KOHO
1. Reloadability
Unlike gift cards that become useless once empty, KOHO can be reloaded instantly via e-Transfer or direct deposit. It’s a card you can use forever.
2. Earn While You Spend
Traditional prepaid cards offer zero rewards. KOHO gives you cashback on groceries, transportation, and partner merchants—sometimes up to 10%. Most prepaid cards offer nothing. KOHO offers a promo code bonus.
3. Financial Control
KOHO isn’t just a payment method; it’s a complete financial management system with:
- Automatic expense categorization
- Savings goals
- RoundUps for effortless saving
- Spending insights
4. Security Features
- Instant card locking via app
- Virtual cards for online shopping
- Real-time fraud alerts
- Your money is protected. It’s safer than cash or gift cards because you’re in control.
5. No Hidden Fees
Many prepaid cards charge monthly fees, ATM fees, and inactivity fees. KOHO’s standard account is completely free.
When Might You Still Use a Gift Card?
Gift cards still make sense for:
- Actual gifts (though KOHO can work here too!)
- Specific merchant promotions
- Teaching kids about money (though KOHO works great for teens)
The Verdict
For everyday use, KOHO is the clear winner. It offers all the benefits of a prepaid card (spending control, no overdraft risk) plus rewards, budgeting tools, and modern features that traditional prepaid cards simply can’t match.
Ready to upgrade from basic prepaid? Get your KOHO referral code here and experience the difference! Ditch the fees. Use KOHO referral code C4MNILZARC.
