I would go with the EQ card since it has no FX fee and will reimburse you the ATM fee if you withdraw from a Canadian ATM. I don’t carry around my debit card anymore because of it. Answer from AlternisBot on reddit.com
Mastercard
mastercard.ca › en-ca › personal › find-a-card › prepaid-cards › card.html
Best Prepaid Cards | Prepaid Mastercard
Enjoy the convenience of a Mastercard prepaid card. Prepaid cards offer an easier way to spend and manage your money. Apply now and get the best prepaid card suitable to your needs.
NerdWallet
nerdwallet.com › back to nerdwallet homepage › credit cards › best prepaid credit cards in canada for 2025
Best Prepaid Credit Cards in Canada for 2025 - NerdWallet Canada
If you’re ready to take that step, check out our picks for the best cards for bad or limited credit in Canada. As of this writing, Redditors suggest that some of the best prepaid cards come from issuers like Wealthsimple, EQ Band and Neo Financial ...
Which prepaid card is the best in Canada?
The best prepaid credit card in Canada, according to our research, is the KOHO Extra Mastercard. This card charges a not insignificant $144 annual fee but offers free unlimited transactions, free unlimited e-transfers, 2.5% interest paid on deposits and cash-back rewards on every purchase.
forbes.com
forbes.com › advisor › ca › credit-cards › best › prepaid
Best Prepaid Credit Cards In Canada For 2025 – Forbes Advisor Canada
When is a prepaid credit card necessary?
If you don’t have good credit and have had trouble trying to get approved for a regular credit card, then a prepaid card may be appropriate. While prepaid cards cannot be used to build credit, they can be used much like a credit card.
loanscanada.ca
loanscanada.ca › credit › best-prepaid-credit-cards-canada
Best Prepaid Credit Card In Canada 2025
Is a prepaid credit card a good idea?
A prepaid credit card is a useful tool for making purchases online and in stores. Because they don’t extend credit, they’re particularly beneficial for people who have bad credit or are in bankruptcy. However, they lack the features and flexibility of regular credit cards and may not be the best option for people who have good credit.
forbes.com
forbes.com › advisor › ca › credit-cards › best › prepaid
Best Prepaid Credit Cards In Canada For 2025 – Forbes Advisor Canada
Reddit
reddit.com › r/personalfinancecanada › looking for a good prepaid credit card. not sure what to choose. koho? eq bank? something else?
r/PersonalFinanceCanada on Reddit: Looking for a good prepaid credit card. Not sure what to choose. KOHO? EQ Bank? Something else?
December 24, 2023 -
I’ve recently been considering getting some sort of prepaid credit card that I can use (mostly for online purchases). I like the idea of a card that I can load with however much I need to spend on a purchase, without worrying about more money being stolen if any information is compromised.
I’ve had my credit card compromised before and hundreds taken from me (bank fixed it quick), so I’m more cautious now. But as we all know, online shopping is very easy and accessible these days, so I’m wondering about prepaid credit card choices to make online purchases with.
I was looking at KOHO and EQ Bank, but can’t really tell what the best company to go with would be. For clarification, I’m not interested in opening another bank account, I don’t want a new chequing or savings (my current bank is RBC), I am only looking for a prepaid credit card.
What are my best options? In terms of company, their customer service, and hidden fees (like inactivity fee)?
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If you search for Koho in this subreddit you'll see many complaints. So if for some reason you choose Koho and don't like it, please don't post about it here. This subreddit doesn't need yet another person complaining about Koho.
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I would go with the EQ card since it has no FX fee and will reimburse you the ATM fee if you withdraw from a Canadian ATM. I don’t carry around my debit card anymore because of it.
Forbes Advisor
forbes.com › advisor › ca › credit-cards › best › prepaid
Best Prepaid Credit Cards In Canada For 2025 – Forbes Advisor Canada
October 7, 2025 - The best prepaid credit card in Canada, according to our research, is the KOHO Extra Mastercard.
Spring Financial
springfinancial.ca › home › the best prepaid credit cards in canada 2025
The Best Prepaid Credit Cards in Canada 2025 - Spring Financial
3 weeks ago - The currently accepted currencies are: ... The Canada Post Cash Passport Mastercard also has a feature that if you try to pay and don’t have enough of that currency, it will take from another currency.
BMO
bmo.com › credit cards › personal › bmo prepaid mastercard
Prepaid Mastercard - Reloadable Credit Card - BMO Canada
Transfer funds to your card through online banking or the BMO mobile app while having protection against unauthorized use. Soft credit check is required to open account, but it will not impact your credit score. Ready to load up and go? Here’s what you need to know. ... Make purchases anywhere Mastercard is accepted while receiving protection against unauthorized use making it safer than carrying cash. Use your prepaid credit card at any of the 30 million locations Mastercard is accepted, and get cash at over a million ATMs.23
Prince of Travel
princeoftravel.com › home › the best canadian prepaid cards with no foreign transaction fees
The Best Canadian Prepaid Cards with No Foreign Transaction Fees | Prince of Travel
May 5, 2025 - Whether you’re looking to dodge ... card, there’s a prepaid option that fits the bill. For most Canadians, the Wealthsimple Prepaid Mastercard stands out as the best all-around choice—it’s simple, fee-free, and ...
WOWA
wowa.ca › prepaid-credit-cards-canada
Best Prepaid Credit Cards in Canada | WOWA.ca
Depending on the prepaid credit card provider, you may receive your card by mail or in person. You can find prepaid credit cards in the following places across Canada: ... The best prepaid credit card for you depends on how you plan to use it. There is no ultimate best prepaid credit card because every card has unique fees and rewards.
Visa
visa.ca › en_CA › pay-with-visa › cards › prepaid-cards.html
Prepaid Credit Cards | Visa
Check your card documentation or contact your issuer to find out how you can load your card. Contact your card issuer to find out if this option is available on the card you have. ... Travel safe. Travel smart. The Visa Travel Card is a Prepaid card specifically designed to conveniently meet ...
Loans Canada
loanscanada.ca › credit › best-prepaid-credit-cards-canada
Best Prepaid Credit Card In Canada 2025
July 15, 2025 - Some of the best prepaid credit cards in Canada include the Neo Money™ card, KOHO Prepaid Mastercard, and the Wealthsimple Cash card.
Bree
trybree.com › post › prepaid-credit-cards
The Best Prepaid Credit Cards in Canada: Everything You Need To Know in ‘24
This card has no foreign exchange fees, no monthly fees, and no hidden fees. The BMO Prepaid Mastercard has an annual fee of $6.95 and can be used anywhere that Mastercards are accepted.
Savvy New Canadians
savvynewcanadians.com › home › credit cards › the best prepaid credit cards in canada for december 2025
The Best Prepaid Credit Cards in Canada for December 2025
3 weeks ago - The best prepaid credit cards in Canada include Visa and Mastercard prepaid cards from KOHO, Vanilla and BMO. See their fees, pros and cons.
Money.ca
money.ca › credit-cards › prepaid-cards-canada
Best Prepaid Credit Cards in Canada
January 13, 2025 - It also provides free withdrawals from any ATM in Canada, with EQ Bank reimbursing any fees incurred. Additionally, the card does not charge foreign exchange fees, making it a cost-effective option for international transactions, however, users ...
KOHO
koho.ca
KOHO: One place for your money and life
Easy ways to help build your credit history. Life happens. When you need extra cash, we’ve got you covered. From rent to travel–do it all here. Save more, stress less. All KOHO plans come with a free 30 day trial so you can see if it suits you. ... Instant approval means you can start spending and earning up to 2% cash back as soon as you sign up.Start spending · One prepaid Mastercard, countless ways to enjoy your daily brew.
Address 67 Mowat Avenue, M6K 3E3, Toronto
Canada Post
canadapost-prepaid.ca
Canada Post Prepaid Reloadable Visa Card
No credit check or bank account is required to open an account and you never have to worry about interest charges · Reload your card with cash or debit at any Canada Post location, online with Interac e-Transfer®, or with Direct Deposit.
CreditCardGenius
creditcardgenius.ca › best-credit-cards › prepaid
Best Prepaid Credit Card in Canada for 2025
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Finder
finder.com › ca › prepaid cards › guide to finding the best prepaid card in canada
Best Prepaid Credit Card in Canada | Finder Canada
March 13, 2024 - Thereafter, you'll earn 1.00% on your balance. ... If you're searching for the best prepaid credit card in Canada to help you earn maximum rewards, the Neo Money Card is our top pick.
KOHO
koho.ca › credit-cards › prepaid-visa-vs-prepaid-mastercard
Prepaid Visa vs Prepaid Mastercard | KOHO
May 26, 2023 - You can add Credit Building for $10/month, it's an affordable way to build your credit history · Enjoy unlimited transactions and free e-transfers (never worry about fees when sending money to someone again). Whether it’s Visa or Mastercard, prepaid cards generally: ... For everyday use, both networks are widely accepted in Canada and abroad.
Canada.ca
canada.ca › en › financial-consumer-agency › services › payment › prepaid-cards.html
Prepaid cards - Canada.ca
Types of prepaid cards, fees, how to use them and cancelling or reporting a lost or stolen prepaid card.
Canadaprepaidcreditcard
canadaprepaidcreditcard.com
Canada Prepaid Credit Cards - prepaid credit card details
List of all Canadian prepaid Visa, Mastercard and American Express credit cards with card features, fees and a link to card website.