The Best Prepaid Travel Mastercard with No Foreign Transaction Fees
Traveling abroad? Don't let bank fees eat your budget. Discover the best prepaid travel Mastercard in Canada with zero foreign transaction fees.
When you are traveling, you want to spend your money on experiences—gelato in Rome, tacos in Mexico, or a show in New York. You definitely don’t want to spend it on bank fees.
Yet, most Canadian credit cards charge a 2.5% Foreign Transaction (FX) Fee on every single purchase you make abroad. Spend $2,000 on a trip? That is $50 gone, just for the privilege of using your card.
The solution? A Prepaid Travel Mastercard with No FX Fees. And KOHO is leading the pack.
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Why Prepaid is Smarter for Travel
You might be tempted to use a travel credit card, but a prepaid card offers a unique advantage: Security.
The “Firewall” Effect
When you travel, card skimming and fraud are real risks.
- Credit Card: If your card is compromised, your entire credit limit is exposed.
- Debit Card: If your card is compromised, your main bank account (and rent money) is at risk.
- KOHO Prepaid: Only the money you load onto the card is at risk. It acts as a “firewall” between the world and your life savings.
The Savings: 0% FX Fees
With KOHO’s Extra or Everything plans, the FX fee drops to 0%. This makes it one of the cheapest ways to spend money abroad.
- Competitors: Most “No FX” cards are premium credit cards with high annual fees ($120+).
- KOHO: You can access No FX fees for as little as $9/month (Extra plan), and you can cancel the plan when you return from your trip.
Bonus: Travel Data with eSIM
KOHO isn’t just about banking; it’s about the travel lifestyle. They have partnered with eSIM providers to offer data deals to users. So you can save on banking fees and roaming fees at the same time.
Conclusion
Don’t leave Canada without it. A prepaid card like KOHO gives you the safety of a limited balance with the savings of a premium travel card. It is the ultimate travel hack for 2026.
Explore more: KOHO for Travelers Guide and Banking for Canadian Snowbirds.
✈️ Pack the Best Travel Card
0% FX fees on premium plans. Use KOHO referral code C4MNILZARC to get up to $65 in sign up bonus value.
