KOHO Vs. Stack Mastercard – Best Prepaid Credit Card In Canada

KOHO and STACK are two of the best prepaid credit cards in Canada. Period. What do we like about them? How good are they for day-to-day use? Which one is better than the other? What are the features and benefits? Let’s find out here. 

Are you looking for a prepaid credit card in Canada? Do you know what prepaid credit cards are? Don’t worry I’ve got you covered in this article. Let’s find out which prepaid credit card is right for your needs and help you decide on the best. Let’s get started. 

What Is KOHO?

KOHO offers an alternative to the traditional banking experience.

Did you know that Canadians pay an average of $750 in credit card interest per year? With a reloadable card like KOHO, you can’t spend more money than you have in your account. This means you’ll never, ever owe us interest.

The KOHO app helps you manage your money by giving you real-time insights into your spending. There are also savings features that help you to stash away savings without realizing it.

KOHO Features And Benefits

I’ve mentioned the KOHO features below. What is interesting is all of the awesome features mentioned below comes with a $0 monthly account fee, NSF fee, e-Transfer fee, and Interest charges. That’s right, no fee for all of the four services.

  • KOHO’s reloadable card works like a debit card but is accepted anywhere Visa is

  • Get balance updates after each purchase

  • Take control of your spending with category insights

  • See how you are tracking each day, week, month

  • Stash away your spare change with RoundUps

  • Reach your goals faster with automated savings

  • Get access to free financial coaching

  • Earn 0.5% cashback with PowerUps

How Secure Is KOHO?

KOHO offers the following security benefits to end-users: 

  • You can lock your KOHO card anytime using the app

  • Friendly support at your fingertips

  • A separate virtual card for your online shopping

  • A federally regulated and CDIC insured bank holds your funds

Although KOHO uses the Visa network, they aren’t technically a credit card. You can still use your card to pay wherever Visa is accepted, but your history doesn’t get reported to the credit bureaus which means it won’t have any effect on your credit score.


Are My KOHO Funds CDIC Secured?

KOHO itself is not directly CDIC insured. In the unlikely event that KOHO fails, your funds will be returned to you by Peoples Trust.

Your KOHO card is also covered under Visa’s Zero Liability policy. This means that you’re fully protected from unauthorized use of your card or account information.

Home Trust Secured Annual Fee Visa Card

Home Trust Secured Annual Fee Visa Card is the best way to get the credit you deserve.

Build or re-build your credit, even if you’ve had credit difficulties in the past, or have never had a credit card before! An excellent opportunity to establish your credit rating.

Virtually everyone is approved.

Get all the benefits of Visa while rebuilding your credit:

  • Make purchases over the phone or online

  • Plan and book a vacation

  • Access cash anytime, anywhere from over 1 million ATMs around the world displaying the Visa or Plus logo

  • Shop at over 24 million locations worldwide

Home Trust Mastercard

How Does The Home Trust Secured Annual Fee Visa Card Work?

The Home Trust Secured VISA is a credit card that requires a security deposit for eligibility. Your credit limit is then set at the amount of the deposit. You can put down as little as $1,000, or as much as $10,000. Your security deposit earns interest*, while your Home Trust VISA card is open and in good standing.

If you decide to cancel your card, you can just pay off your outstanding balance, and you’ll get your security deposit – plus interest earned – back from Home Trust. And Home Trust is a Member of Canada Deposit Insurance Corporation (CDIC).

The application process is very simple and almost everybody is approved! Of course, if your application is not approved, your security deposit will be immediately returned to you. * The current Security Deposit Interest Rate is 2.0% and is subject to change

Features Of The Home Trust Secured Annual Fee Visa Card

  • $59 annual fee

  • Make purchases wherever Visa is accepted

  • 14.90% interest rate

As you can see, the Home Trust Secured Annual Fee Visa Card has an annual fee and no benefits, but it’s still one of the best prepaid credit cards since your payment history gets reported to the credit bureaus. This is an ideal card for people who are looking to improve their credit score or currently don’t qualify for a traditional credit card.

Since this is a secured credit card, you have to put down security funds. Your credit limit will typically increase as you put down additional money. Think of those funds as a deposit which can’t be used to pay your balance.

This may seem odd, but it’s a way to show Home Trust and the credit bureaus that you’re being responsible with your money. Your funds will be returned if you ever decide to close your account so you’ll never lose that money.

STACK Mastercard

STACK categorizes your weekly and monthly spending habits, so you always have a clear snapshot of where your money is going–and where you can save.


Top 8 Benefits And Features Of The STACK Mastercard

1. NO FOREIGN EXCHANGE FEES – Use can your STACK card like cash. You’ll never pay a transaction fee when making purchases outside of Canada.
2. NO ATM WITHDRAWAL FEES – Access your cash anywhere. We don’t charge for ATM withdrawals no matter where you are.
3. USE STACK ANYWHERE MASTERCARD IS ACCEPTED – As the most accepted card worldwide, you can use your STACK card almost anywhere you travel.
4. INSTANT NOTIFICATIONS – STACK sends you a push notification anytime you spend, spend, save, or receive money with STACK anywhere in the world. No surprise transactions.
5. SAVINGS ON AUTOPILOTSet a savings goal and STACK’ll automatically round each purchase to the next $1, $2, $5 or $10 and add it to your savings.
6. FREE TRANSFERSEasily send funds to family and friends. STACK-to-STACK transfers are always free, fast, and secure.
7. SPLIT THE BILLSplit your tab and instantly send transfer requests to family and friends. Never get stuck with the bill again.
8. With STACK, you’ll never have to wait in line to talk about your money. They’re branch-free, always a tap away, and ready to help. Chat with real person in-app, or give a call whenever it’s convenient for you.

How Good Is The STACK Security? 

1. SECURITY AND SAFETY – Your STACK Reloadable Mastercard combines the industry-leading security features of a credit card, with the peace of mind of a debit card.
2. MASTERCARD ZERO LIABILITY PROTECTION – With your STACK Reloadable Mastercard, you enjoy Zero Liability Protection on all purchases and ATM transactions. That means you’ll never be held accountable for unauthorized transactions made with your card. As it should be.
3. FREEZE YOUR CARD – Misplaced your card? Don’t panic. You can freeze your account from the STACK app at any time, from anywhere in the world.

STACK Additional Features 

1. VIRTUAL CARDStart using STACK with your digital wallet instantly, no need to wait for plastic. You can also use your Virtual Card for extra security when you shop online. Freeze it instantly if you suspect fraudulent activity.
2. DIGITAL WALLETMake secure purchases in-store from the mobile devices you use every day. STACK currently supports the following digital wallets: Apple Pay, Samsung Pay, and Fitbit pay.
3. ADDING MONEY TO YOUR STACK CARDLoad money into your STACK account instantly with cash or debit at any Canada Post location or choose from a network of 10,000 select locations across Canada like Hasty Market and Mobil, fee-free. Managing your cash just got easier.
4. Interac E-TRANSFERAdd money to your account using e-transfer. Your transfer is processed in minutes and there are no minimums.
5. DIRECT DEPOSITGet your employer to send a portion of your paycheck directly to your STACK account. Budget your weekly disposable income and track your spending.


Earn money when you refer your friends to STACK. Your friends will get a $5 sign up bonus and you can earn up to $15 with no cap.

KOHO Vs. Stack Mastercard


Value For Money







  • KOHO and STACK are two of the best prepaid credit cards in Canada
  • Both offer great features and benefits with no annual fee
  • Mobile App UI is easy and great


  • Prepaid credit cards, so no credit limits or advance purchases
  • Lack of physical presence, but great customer care support
  • App updates are not quite frequent as compared to banks

Leave a Comment