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

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

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

The BMO Student CashBack Mastercard earns 3% 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 Student CashBack Mastercard 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 Student CashBack Mastercard vs KOHO Extra — Which Is Better? | Churnr

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

BMO Student CashBack Mastercard wins by $422/yr — strongest in groceries

BMO Student CashBack Mastercard earns $320 more on groceries
BMO Student CashBack Mastercard earns $24 more on bills & utilities
Saves $30/yr in foreign transaction fees
$108 lower annual fee

Groceries: +$320Bills & Utilities: +$24

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

Showing Year 1 analysis

Dollar Value

Winner

$487

/first year

1.2% effective$41/mo

vs 1% no-fee card: +$68

Annual rewards earned+$517

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 Student CashBack Mastercard—$487Year 1 value

+$422 more than KOHO Extra

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

Neither card currently offers a welcome bonus.

Downgrade

Coming soon

The Bottom Line

BMO Student CashBack Mastercard wins by $422/yr — strongest in groceries

BMO Student CashBack Mastercard earns $320 more on groceries
BMO Student CashBack Mastercard earns $24 more on bills & utilities
Saves $30/yr in foreign transaction fees
$108 lower annual fee

Groceries: +$320Bills & Utilities: +$24

Showing Year 1 analysis

BMO Student CashBack Mastercard 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

Found an error? Report incorrect data