If you’ve been following my financial journey, you know I’ve used KOHO since 2018. It’s been one of the tools that helped me stay more intentional with my spending and avoid unnecessary debt.
But over time, my needs have changed — and recently, I’ve been using Neo more often.
If you’re trying to decide between KOHO and Neo in Canada, here’s my honest experience using both.
What is KOHO?
KOHO is a prepaid Visa card that helps you manage your spending without going into debt.
You load money onto it, use it like a debit card, and earn cashback on everyday purchases. It’s simple, controlled, and great for budgeting.
What is Neo?
Neo is a cashback credit card that gives you rewards when you spend at partner stores and online.
It works more like a traditional credit card, but with better cashback opportunities depending on how you use it.
My Real Experience Using Both
KOHO (What I Loved)
Helped me control overspending Easy to use and understand No debt or interest stress Great for separating spending
Neo (What I Prefer Right Now)
No foreign transaction fees (big plus for me) Higher cashback potential More flexibility for my current lifestyle Works better for certain purchases
Feature. KOHO. Neo
Type. Prepaid. Credit Card
Budget Control. High Medium
Cashback Basic. Higher potential
Foreign Fees Yes. No
Risk of Debt None. Possible
Which One Should You Choose?
Choose KOHO if you:
want strict budgeting are avoiding credit cards want something simple
Choose Neo if you:
want better cashback
travel or shop internationally
are comfortable using credit
Final Thoughts
For me, it’s not about which one is better,
it’s about what fits your life right now.
KOHO helped me build discipline and awareness.
Neo fits my current needs and spending habits.
And honestly, it’s okay for your financial tools to change as your life changes.
If you want a full breakdown of my experience using KOHO, you can read my full review here.
👉🏾Read my full review here👈🏾
Read my full KOHO review here 👈🏽
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