Jay K.Toronto, ON · Mar 2026
★★★★★
Earn ~$300/year in Bitcoin via the cash back. Bitcoin went up 40% this year so effective rate was way higher. Risky but interesting strategy.
Overview
The Mogo Visa Platinum Prepaid is the credit card cousin of Mogo Financial — a Canadian fintech specializing in personal loans, mortgages, and crypto integration. Like other prepaid cards, it functions as a debit-like spending tool linked to your Mogo account.
The unique angle is Bitcoin cash back: 1% of your card spending is converted to Bitcoin and deposited to your Mogo Crypto Account. For crypto-curious users who want passive Bitcoin accumulation, this is a novel mechanism. The Bitcoin earnings can be held or sold within the Mogo app.
Beyond Bitcoin cash back, you get 0% FX markup, free credit score monitoring (via TransUnion), and integration with Mogo's personal loan + mortgage products. The platform appeals to younger users wanting fintech polish + crypto-curious finance.
Welcome bonus
★ NEW CARDHOLDER OFFER
Variable promotional offers
Mogo runs occasional sign-up bonuses ($25-50 Bitcoin) for new users. Check current promos.
Variable
Varies by promo
≈ $25-50 typical
Rewards & earn rates
Here's exactly what you earn per dollar across every category — and where this card pulls ahead of the field.
1%x
Bitcoin cash backAll purchases convert to Bitcoin in Mogo Crypto Account
Benefits & perks
Beyond the rewards, here are the perks worth knowing about.
₿1% Bitcoin cash back
Your card spend converts to Bitcoin in your Mogo Crypto Account.
💱0% FX markup
No foreign currency conversion fee on international purchases.
📊Free credit monitoring
Monthly TransUnion credit score updates + alerts.
🏠Mogo ecosystem integration
Pre-approval for Mogo personal loans + mortgages.
Fees & rates
The numbers that show up on your statement.
ANNUAL FEE$0Truly no-fee
CARD TYPEPrepaid VisaLoad from Mogo account
FX MARKUP0%Industry-leading
BITCOIN ACCOUNTRequiredMogo Crypto Account holds 1% Bitcoin earnings
Pros and cons
✓ PROS
- Bitcoin cash back is unique among Canadian cards
- 0% FX markup
- Free credit monitoring
- $0 annual fee
- Integrated with Mogo personal loan + mortgage products
- Universal Visa acceptance
✗ CONS
- Prepaid — no credit-building benefit
- Bitcoin volatility means cash back value fluctuates
- Mogo platform smaller than Wealthsimple/KOHO
- No standard cash back option (Bitcoin only)
Who it's for
★ APPLY IF
- Crypto-curious younger Canadians
- Mogo existing customers
- International travelers seeking 0% FX
- Users who want passive Bitcoin accumulation
✗ SKIP IF
- Conservative savers (Bitcoin volatility)
- Credit-building seekers (use KOHO Credit Building)
- Rewards maximizers (1% is low)
- Anyone who doesn't want Bitcoin exposure
How it compares
We pitted this card against its closest rivals.
How to apply
The eligibility checklist before you hit the application button.
MIN CREDIT SCORENot required (prepaid)
MIN INCOMENo requirement
OTHER ELIGIBILITYCanadian resident · 18+
DECISION TIME3-5 business days
Editor's verdict
7.5/10
★★★½★
FINAL VERDICT
Crypto-curious alternative to EQ Bank Card.
Mogo Visa offers a unique 1% Bitcoin cash back mechanism but otherwise mirrors EQ Bank Card on 0% FX + $0 fee. For users wanting Bitcoin exposure without trading, it's a passive accumulation tool. For pure rewards efficiency, EQ Bank Card delivers more (interest on balance + cash back simplicity). For Bitcoin-curious users, Mogo wins.
Apply for Mogo Visa ↗User reviews
What current and former cardholders are saying. Aggregated from Trustpilot, Reddit (/r/PersonalFinanceCanada), and our own community comments.
3.8 / 5 ★
234 reviews
Tina P.Vancouver, BC · Feb 2026
★★★★★
Decent prepaid card. Wish I could choose Canadian dollars instead of Bitcoin. Volatility is annoying for everyday card.