The KOHO Prepaid Mastercard is one of the best prepaid cards in Canada. It offers up to 5% cash back on purchases and 3.00% interest on your balance for the no-fee plan (up to 5% interest for paid plans). A KOHO account also includes unlimited debit transactions, eTransfers, and bill payments. Users get access to a free budgeting app and can add an optional credit-building service.

This top-rated prepaid Mastercard includes a $20 welcome bonus when you fund your account and make at least one purchase of any amount. Use our promo code “CASHBACK” when signing up.