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KOHO Alternatives in Canada: 13 Best Apps Like KOHO


Fact Checked

KOHO Financial is a fintech company offering a cashback app and prepaid Mastercard.

Using the standard KOHO Prepaid Mastercard, you earn up to 1% cash back on purchases, whether online or in-store. And with its app, you can track your spending and set savings goals.

What are the top KOHO alternatives in Canada? This article covers the best apps like KOHO for earning cash back when you shop.

KOHO Alternatives in Canada

KOHO alternatives can be divided into categories: cash back apps and cash back cards or accounts.

For cash back apps, the best KOHO alternatives are:

The best cash back accounts like KOHO are:

Other apps that work like KOHO include Checkout 51, Paymi, and Swagbucks.

Cash Back Apps Like KOHO

A cash back app helps you save when you shop. For example, if you find an offer to earn 10% cash back on a cash back site, this means you get a 10% discount that’s paid back to you. For example, if your purchase costs $500, a 10% cash back rate will result in a $50 cash back.

You can withdraw earnings when you reach a minimum threshold, or in the case of KOHO, at any time.




$30 sign-up bonus when you spend at least $30

Earn up to 40% cashback

Features 3,000 stores and retailers

Redeem earnings by PayPal & check

Like KOHO, Rakuten is excellent for earning cash back when shopping online.

You can use the iOS or Android app or visit the site on your computer.

After joining, visit Rakuten before purchasing at your favourite online stores like Walmart, Sephora, Dell, Home Depot, and 750+ other stores.

This cash back platform is available in Canada and the U.S.

Cash back is automatically tracked, and earnings are paid out quarterly using PayPal, cheque, or Amazon gift cards.

The minimum payout threshold is $5.01.

Best for: Online shopping.




$10 welcome bonus

Offers several ways to make money

Low payout threshold from $5

Cash-out with PayPal, gift cards, etc.

MyPoints is similar to Rakuten and is owned by Prodege, LLC, the same company that operates Swagbucks.

After joining, you can access offers, coupons, and promo codes from thousands of stores including the likes of the Home Depot, Old Navy, and Best Buy.

In addition to shopping rewards, MyPoints also pays its members to complete surveys, play games, and refer friends.

New members receive a free $10 Amazon or Visa gift card after spending $20 or more at any merchant in the first 30 days.

Best for: Online shopping.




$1 sign-up bonus

Earn cash back on groceries

Cashback app powered by RBC

Redeem earnings via cheque

Caddle is another app like KOHO; however, it works best for grocery shopping.

New offers are available on the app each week, and many of them can be redeemed at any store. There are also store-specific discounts, such as Walmart, Superstore, Freshco, and Giant Tiger.

Caddle is a grocery-receipt scanning app, which means you need to scan and upload purchase receipts to claim cash back.

When your balance reaches $20, you can cashout for a cheque that is sent by mail.

Best for: Groceries.

Great Canadian Rebates

Great Canadian Rebates

Great Canadian Rebates

Earn cash back on online purchases

Over 700 stores available

Similar to Rakuten

Redeem earnings via gift cards, PayPal, or direct deposit

Great Canadian Rebates (GCR) has been around for some time. This cash back website hosts over 700 stores and is popularly known for its credit card offers.

To earn cash back, sign up and visit GCR to click on links to specific merchants before you shop.

Merchants pay them a commission for referral traffic, and they share this commission with you as a cash back rebate.

Bonuses and rebates are paid out by PayPal, gift cards, or direct deposit to your bank account.

The minimum payouts are:

  • eGift card: $10
  • PayPal: $12
  • Direct deposit: $12

Best for: Online shopping and credit card applications.




Earn cash back on online purchases

Over 4000 stores available

$30 bonus after earning $10

Redeem earnings via gift cards or PayPal

RebatesMe is similar to Rakuten and MyPoints when making purchases online.

With over 4,000 stores in the US and Canada, you can earn up to 40% cash back and redeem them via PayPal or gift cards.

To begin, create an account and use the mobile app or browser extension when shopping.

Available deals as of this writing included 13% at Foot Locker, 8% at Sephora, and 10% at Nike.

A $30 bonus is available when you join and earn your first $10 in cash back.

Best for: Online purchases.

Best Cash Back Accounts Like KOHO

Like KOHO, there are prepaid rewards cards and credit cards that offer cash back on spending. You can also use a spare change investing app like Moka.

Neo Money card

Neo Money Account

Monthly fee: $0

Free transactions: Unlimited debits, Interac e-Transfers, bill payments, and deposits.

Sign-up bonus: $20 welcome bonus (after funding and making your first purchase), up to 15% cash back on your first purchases at partner stores.

Interest earned on deposit: 2.25% for spending account. Earn average of 5% cash back on purchases using the Neo Money card.


On Neo Financial’s website

  • Earn 2.25% interest on your balance.
  • Earn an average of 5% cash back at thousands of Neo partners and up to 15% cash back on your first purchases.
  • Interest is calculated daily and paid monthly.
  • Transactions, including purchases, bill payments, transfers, and direct deposits, are free and unlimited.
  • No minimum deposit or balance is required.
  • Easily set up automatic bill payments.
  • Fund your account in 3 ways: Interac e-Transfer, link your existing accounts, or set up direct deposit.
  • Neo Money now comes with a Mastercard that gives you access to your balance for POS and online purchases.
  • Available throughout Canada, except Quebec.

Earn 2.25% interest on your balance

Up to 5% cash back on purchases

Easily fund your account in one of 3 ways

No minimum deposit or balance required

No free ATM withdrawals

A hybrid spending and savings account, Neo Money pays 2.25% interest on your balance with no monthly fees or balance requirements. It includes unlimited, free transactions, bill payments, payroll deposits, transfers, and more. You can easily request a Neo Money card to earn cash back.

Use the free Neo Money prepaid Mastercard to earn cash back on all purchases. It pays an average of 5% cash back at 12,000 Neo Partners across the country. In addition, new users earn up to 15% cash back on their first-time purchases at eligible locations.

The Neo Money card is the best prepaid card in Canada. Get a $20 welcome bonus when you fund your account with $50 or more.

Neo Financial Credit

Neo Credit

Excellent credit card for cash back

Annual fee: $0

Rewards: Earn up to 15% cash back for first purchases at eligible partners, 5% average cash back at partner stores for subsequent purchases, and 0.5% cash back on average on all purchases.

Welcome offer: $25 bonus on approval.

Interest rates: 19.99% – 22.99% for purchases.

Minimum income requirement: None

Recommended credit score:



On Neo Financial’s website

  • Earn up to 15% cashback on first purchases at eligible partners.
  • Earn 5% cashback at over 10,000 merchants.
  • Earn 0.5% cash back on all other purchases.
  • Unlimited cashback on purchases.
  • Use Subscription Bundles to get extra cashback by choosing from selected categories, or get other rewards on insurance or subscriptions.
  • App Insights provides a clear picture of spending habits.

Earn unlimited cashback

Earn up to 15% cashback on first purchases

No annual fee

Useful app

High-interest rate

No extra perks besides cashback

The Neo Financial Mastercard is a great way to earn up to 15% cashback without paying an annual fee. Subscription Bundles give you more control over where you make the most cash back, and the easy-to-use app provides insights into your spending habits.

The Neo Credit card is a no-fee credit card that pays an average of 5% cash back at over 12,000 merchants. Simply pay using your card and earn instant cash back where available.

This card comes with an app that shows a snapshot of your transactions by category. It also includes a virtual card you can add to Apple Pay or Google Pay.

For enhanced perks, you can upgrade to a Premium account at $4.99 monthly and earn even more cash back, plus credit score monitoring, group life insurance, and purchase insurance benefits.

You can redeem cash back anytime as a statement credit. For a limited time, new Neo Financial customers receive a $25 bonus.

Best for: General cash back.

Wealthsimple Cash

Wealthsimple Cash Card

wealthsimple logo

Prepaid Mastercard

1% cash back on all purchases

Free money transfer app

Access to virtual and physical card

The Wealthsimple Cash Card is a top KOHO competitor.

This prepaid Mastercard pays $1 cash back when you spend, and like KOHO, you can move your balance to a savings account and earn interest.

Wealthsimple Cash has no monthly fees or account minimums.

Cash back earned can be spent directly on purchases, or you can invest it in stocks or crypto.

Best for: General cash back.




Professionally managed ETF portfolios

Multiple account types

$7 monthly fee

Link bank accounts for $5 bonus

Moka is an investment app for beginners.

After connecting your bank accounts, it rounds up your purchases to the nearest dollar and invests the difference in an ETF portfolio.

In addition to micro-investing, Moka offers cash back Perks through its app from companies like Apple, UberEats, Staples, and HelloFresh.

A standard Moka account costs $3.99 monthly.

Best for: Investing small amounts.

Related: KOHO vs Moka.

PC Money Account

A PC Money Account can help you maximize PC Optimum points and get free groceries.

Offered by President’s Choice Bank, the PC Money Account is a spending account you can use for debit transactions. It comes with a prepaid Mastercard that pays 10 PC Optimum points for every $1 spent.

At Loblaw-related stores, the cash back earned can be as high as 25 points per $1 spent.

You can redeem PC Optimum points to pay for purchases at participating locations at a rate of 10,000 points = $10.

PC Money account has no monthly fee.

Best for: Getting free groceries.

Other Apps Like KOHO

Here are other apps for earning cash back, like KOHO:

Checkout 51

Checkout 51 is a grocery rewards app you can use to save money.

Every Thursday, the app lists new offers, and they include discounts on hundreds of grocery items.

To earn cash back, shop the offer at the store and upload your receipt to the app. You can cash out when your balance reaches $20.

Checkout 51 is free.

Best for: Grocery cash back.


Swagbucks is one of the most popular rewards platforms worldwide. It offers more than ten ways to earn with the top opportunities, including:

  • Answering surveys
  • Shopping online
  • Playing games, and more

To earn while shopping, visit Swagbucks, click on your preferred store, and activate their discounts.

You can redeem Swagbucks points for electronic gift cards, PayPal cash, and virtual prepaid cards.

New users get a $5 welcome bonus after completing their profile.

Best for: Earning rewards.


Paymi is a cash back app owned by CIBC.

Members connect their bank cards to the app and earn cash back when they shop at participating stores like Indigo, Leon’s, and Mary Brown’s.

You can redeem earnings starting at $2.00 using Interac e-Transfer. A $1.50 Interac fee applies to redemptions under $25.

Get more details in our Paymi review.


Ampli is a cash back app owned by RBC, and it’s free to use.

After creating an account on the app, connect your debit and credit cards. Over 130 financial institutions are supported.

Every time you pay using your cards at partner retailers, cash back earned is automatically credited to your account within five business days.

When your balance reaches $15, you can withdraw it using Interac e-Transfer.

Retailers offering cash back on the platform include Boston Pizza, Rexall, Microsoft, Adidas, Lowe’s, Petro-Canada, and many others.

Best for: In-store shopping.

How KOHO Works

KOHO is the best cash back app in Canada. It offers up to 5% cash back on purchases and users are not limited in how much they can earn.

After signing up, you get a prepaid Mastercard, and you can load it using Interac e-Transfer.

KOHO has four subscription levels:

  • Easy
  • Essential
  • Extra
  • Everything

KOHO Easy costs $0/month and includes 1% cash back on groceries and transportation. Users earn 0.50% interest on their balance.

KOHO Essential costs $4/month and comes with a 30-day free trial. Users earn 1% cash back on groceries and transportation, and 0.25% cash back on all other purchases. They also earn interest on their balance.

KOHO Extra costs $9/month or $84/year. Users earn 2% cash back on groceries, transportation, and restaurants and 0.50% cash back on everything else.

They also earn interest on their balance and do not pay foreign currency exchange fees when they spend using the KOHO card abroad.

Lastly, you can opt for KOHO Everything at $19 monthly and enjoy KOHO Extra perks and a lot more.


A regular KOHO account has no monthly fees. If you subscribe to Essential, Extra or Everything, you pay $4, $9 or $19 monthly.

It does not charge NSF or ATM fees, although the ATM operator may charge $2-3 for convenience fees.

For KOHO Easy and Essential, you pay a 1.5% FX transaction fee when making payments in a foreign currency. For KOHO Extra and Everything, FX fees are waived.

A $1 inactivity fee is levied monthly if you have an account that is older than a year and has been inactive for 6 months.

Top Money Saving Offers this month

Earn up to 6% unlimited cash back on purchases + free $20 Signup Offer

Free cashback card with up to 6% instant unlimited cash back on purchases.

$20 welcome bonus when you open an account and make your first purchase.

Free chequing with unlimited transactions, Interac e-Transfers, and bill payments.

Get 3.00% savings interest on your balance and a free budgeting app.

Get paid to shop online using Rakuten with $30 cash bonus

Get a $30 cash bonus after your first purchase of $30 or more.

Earn cashback on purchases at over 750 popular brands and retailers.

Up to 35% cashback discounts are available daily.

Redeem cash rewards earned by PayPal, cheque, or Amazon gift cards.


Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

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