We break down every feature of KOHO Premium, calculate exactly when the upgrade pays off, and compare it to the free plan. Honest assessment for Canadian consumers.
Start with Free Plan — Get $100 Bonus (Code 45ET55JSYA)Our Rating
KOHO Premium is worth it for Canadians who spend $600+/month on groceries and transit. For lighter spenders, the free plan with the $100 bonus is the better choice.
| Feature | KOHO Free | KOHO Premium (~$9/mo) |
|---|---|---|
| Monthly Fee | $0 | ~$9/month |
| Interest on Balance | 3.0% | 3.0% |
| Grocery/Transit Cashback | 1% | 2%+ |
| Other Spending Cashback | 0.5% | 0.5%–2% |
| Partner Merchant Boosts | Limited | More offers (up to 5%) |
| Financial Coaching | No | Yes |
| Price Matching | No | Yes (select retailers) |
| Priority Customer Support | No | Yes |
| Credit Builder | Add-on fee | Included (some plans) |
| $100 Sign-up Bonus | Yes (code 45ET55JSYA) | Yes (code 45ET55JSYA) |
Premium increases grocery and transit cashback from 1% to 2%+ and unlocks higher cashback tiers on other spending categories. The key benefit for most users.
Premium unlocks more partner merchant offers where cashback can reach 5%+ at specific retailers. These change regularly — check the app weekly for new offers.
Access to personalized financial coaching sessions — useful for budgeting, debt reduction planning, and setting savings goals. A differentiating feature not common in free digital accounts.
KOHO Premium includes a price matching feature for select retailers — if you buy something and the price drops, KOHO can help you get the difference back. Availability varies by retailer.
Premium subscribers get faster customer support response times — useful if you have an issue that needs quick resolution. Standard support response times for free users can vary.
Try the free plan first with code 45ET55JSYA for a $100 bonus. Upgrade to Premium anytime if the numbers work for you.