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Prepaid Credit Card Offers

Updated on September 12, 2023

Prepaid Cards with Rewards


EQ Bank Card

EQ Bank Card

Free withdrawals from any ATM in Canada and Cash back on every purchase

Prepaid Credit Card | Annual fee: $0



Terms & Conditions apply




  • Free withdrawals from any ATM in Canada
  • 0.5% cash back on every purchase
  • Earn 2.50% interest right up until you spend
  • No FX fees, monthly fees, or other hidden fees
  • Free withdrawals from any ATM in Canada



Koho Premium Prepaid Mastercard

Koho Extra Prepaid Mastercard

No welcome bonus at this time

Annual Fee: $9 monthly or $84 annual subscription fee (Free 30 day trial) | Additional Card Fee: $0 | Purchase Interest Rate: $0 - you can only spend your own funds with KOHO Cash Advance: You are able to withdraw up to $800 of your own funds in cash per day. KOHO does not charge any fees but you may incur a fee from the ATM provider Balance Transfer: Load your KOHO account via e-transfer, direct deposit, or Visa direct load



Terms & Conditions apply




  • Money-Back Rewards: earn a minimum 0.5% cash back on all purchases and an additional 2% on 3 main spending categories your wallet cares about: groceries, transportation, eating & drinking
  • Merchant Cash Back: Earn additional cash back with merchant partners listed ​here
  • Signup/Referral Bonus: Get an additional 1% cash back on all purchases for 90 days when you sign up for KOHO with a referral code and when you refer a friend (Can earn up to 10% cash back for 90 days)
  • No FX fees. We’ve waived the 2-3% you’re usually charged when you spend outside of Canada
  • Price match. We offer in-app price protection to get the absolute lowest possible price on your purchases
  • Receive both a physical and virtual card. For new users, you can start adding funds and shopping online while you wait for your physical card to arrive in the mail. No need to budge from your couch to make online purchases! Just use your virtual card instead of getting up to find your wallet. Plus, it uses a different card number to help protect your physical card number when you’re shopping or booking services online
  • Plus opt in for Koho Save and begin earning 0.5% instant cash back and a 1.2% interest rate on your whole balance



Koho Reloadable Prepaid Mastercard

Koho Reloadable Prepaid Mastercard

No welcome bonus at this time

Annual Fee: $4 monthly or $48 annual subscription fee | Additional Card Fee: $0 | Purchase Interest Rate: $0 - you can only spend your own funds with KOHO Cash Advance: You are able to withdraw up to $800 of your own funds in cash per day. KOHO does not charge any fees but you may incur a fee from the ATM provider Balance Transfer: Load your KOHO account via e-transfer, direct deposit, or Visa direct load



Terms & Conditions apply




  • Money-Back Rewards: a minimum 0.25% cash back on all purchases and an additional 1% on 3 main spending categories your wallet cares about: groceries, transportation, eating & drinking
  • Merchant Cash Back: Earn additional cash back with merchant partners listed ​here
  • Signup/Referral Bonus: Get an additional 1% cash back on all purchases for 90 days when you sign up for KOHO with a referral code and when you refer a friend (Can earn up to 10% cash back for 90 days)
  • Receive both a physical and virtual card. For new users, you can start adding funds and shopping online while you wait for your physical card to arrive in the mail. No need to budge from your couch to make online purchases! Just use your virtual card instead of getting up to find your wallet. Plus, it uses a different card number to help protect your physical card number when you’re shopping or booking services online
  • Add your KOHO card to Apple, Samsung or Google Pay
  • Plus opt in for Koho Save and begin earning 0.5% instant cash back and a 1.2% interest rate on your whole balance



Neo Money™

Neo Money ™

Sign up today and receive a $5 bonus!1

 



Terms & Conditions apply




  • No fees, 2.25%2 interest rate as of August 10, 2022 (not a promotional rate; Savings interest rate is calculated daily on the closing balance and paid monthly)
  • Earn up to 225x3 more than at traditional banks (0.05% is the rate at most banks for high interest savings accounts, with 0% on most daily everyday chequing accounts - unlimited transaction accounts are typically $29.99 per month, whereas Neo is free)
  • Make bill payments, send and receive Interac e-Transfers®, and make bank to bank transfers to and from existing bank account - all with no monthly fees or minimum balances and unlimited free transactions
  • Manage everything from the phone app, whenever and wherever. Desktop/web banking is also available
  • ​ Much like any bank account at a traditional bank, the Neo Savings account is eligible for CDIC deposit protection, and provided by Concentra Bank, a CDIC member institution. Deposits held in Neo Savings accounts are combined with eligible deposits held at Concentra Bank, for up to $100,000 of deposit protection, per category, per depositor.


Neo Money™ is provided by Concentra Bank.
® Trademark of Interac Inc. Used under license.
1 Limited-time offer. Only new Neo Money™ customers are eligible for this offer. This offer is only awarded if a new customer opens a Neo Money™ Account and deposits a minimum of $50 within the next 90 days. Offer is subject to the Rewards Policy, the Neo Platform Terms and Conditions and all other applicable terms and conditions. Offer may be amended or cancelled at any time without notice.
2 Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.
3 Based on research comparing high-interest savings rate of Canada’s ‘Big 5’ banks using a $100 investment, excluding promotional rates and rate premiums. Research was conducted by Neo Financial and based on data taken from public websites as at August 10, 2022.

Prepaid Cards without Rewards


CIBC AC Conversion Visa

CIBC AC Conversion Visa

No welcome offers at this time

Prepaid Credit Card | Annual Fee: $0 | Additional Card Fee: $0



Terms & Conditions apply




  • Load up to 10 currencies from 45 countries
  • No fee to order the card, no fee to load it and no conversion fees when you make a purchase.
  • No minimum load required
  • No credit check required
  • You don’t need to be a CIBC client to order a card.
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