Which has the lower annual fee, BMO CashBack Mastercard for Business or KOHO Extra?

The BMO CashBack Mastercard for Business has no annual fee, while the KOHO Extra charges $108/year.

Which card is better for groceries, BMO CashBack Mastercard for Business or KOHO Extra?

The BMO CashBack Mastercard for Business earns 0.8% on groceries, while the KOHO Extra earns 0.5%. The better choice depends on your grocery spending and the specific merchants you shop at.

Which card is better for international purchases?

The BMO CashBack Mastercard for Business has a 2.5% foreign transaction fee, while the KOHO Extra has no foreign transaction fee. The card with no FX fee is better for international purchases.

BMO CashBack Mastercard for Business vs KOHO Extra — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

BMO CashBack Mastercard for Business wins by $313/yr — strongest in bills & utilities

BMO CashBack Mastercard for Business earns $48 more on bills & utilities
BMO CashBack Mastercard for Business earns $45 more on everything else
Saves $30/yr in foreign transaction fees
$108 lower annual fee

Bills & Utilities: +$48Everything Else: +$45Shopping: +$42

BMO CashBack Mastercard for Business: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

Winner

$379

/first year

0.9% effective$32/mo

vs 1% no-fee card: −$40

Annual rewards earned+$409

FX costs−$30

Annual fee−$0

$65

/first year

0.2% effective$5/mo

vs 1% no-fee card: −$353

Annual rewards earned+$173

FX costsNo FX fee

Annual fee−$108

Best for your spendingBMO CashBack Mastercard for Business—$379Year 1 value

+$313 more than KOHO Extra

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Earn Rates by Category

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The Bottom Line

BMO CashBack Mastercard for Business wins by $313/yr — strongest in bills & utilities

BMO CashBack Mastercard for Business earns $48 more on bills & utilities
BMO CashBack Mastercard for Business earns $45 more on everything else
Saves $30/yr in foreign transaction fees
$108 lower annual fee

Bills & Utilities: +$48Everything Else: +$45Shopping: +$42

Showing Year 1 analysis

BMO CashBack Mastercard for Business wins in both Year 1 and Year 2+ — consistent long-term value.

Data Sources

Issuer terms & conditions (verified Feb 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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