DEBIT · MASTERCARDNo annual fee🎁 New users get the Max tier (2% cashback + 1% salary match in eligible regions) automatically for their first 30 days. Plus 100% cashback on your first eligible purchase, up to £10/€10 — one-time, for customers who've never held a Krak or Kraken card.
Krak
by Kraken · UK, EEA (account opening); card usable for…
Kraken's UK/EEA debit card, issued by Monavate on the Mastercard network. Spends from a dedicated Krak balance across 600+ fiat and crypto assets, with cashback tiers from 0.5% to 2% based on your combined Krak, Kraken and Kraken Pro balance. No monthly, annual or transaction fees; a variable spread applies when spending crypto. Identity verification is required — no no-KYC option.
Balance-based, up to 2%; credited instantly on settlement (usually within 24 hours); excludes ATM withdrawals, refunds and transfers
REWARDS IN
Bitcoin or local fiat (your choice)
How rewards are paid
FX FEE
0%
On foreign-currency spend
REGION
UK, EEA (account opening); card usable for spending and ATMs in 200+ countries worldwide
Where it's available
STAKING
Not required
Lock-up to earn rewards
SIGNUP BONUS
New users get the Max tier (2% cashback + 1% salary match in eligible regions) automatically for their first 30 days. Plus 100% cashback on your first eligible purchase, up to £10/€10 — one-time, for customers who've never held a Krak or Kraken card.
Welcome offer
REWARDS
Earning Up to 2%
The headline rate is usually the top of a band, not a flat rate on everything. In practice most spending earns the base rate, and the higher figure applies to selected merchants, campaigns or staking tiers.
Reward summary
Up to Up to 2%, balance-based, up to 2%; credited instantly on settlement (usually within 24 hours); excludes atm withdrawals, refunds and transfers, paid in Bitcoin or local fiat (your choice). No staking required for the base rate.
PLANS & TIERS
Compare the plans
This card has 5 plans. Select one to see its rate, fees and perks.
Starter
Requirement: Under $200 combined Krak + Kraken + Kraken Pro balance
0%
Cashback
PRICE
Free
ATM FEE
Free (third-party operator fees may apply)
FX FEE
0%
WHAT'S INCLUDED
✓0% cashback — base tier before qualifying balance
✓0% FX fees
✓Spend from 600+ crypto and fiat assets
✓Apple Pay and Google Pay
Plan
Starter
Lite
Pro
Elite
Max
Cashback
0%
0.5%
1%
1.5%
2%
Price
Free
Free
Free
Free
Free
ATM fee
Free (third-party operator fees may apply)
Free (third-party operator fees may apply)
Free (third-party operator fees may apply)
Free (third-party operator fees may apply)
Free (third-party operator fees may apply)
FX fee
0%
0%
0%
0%
0%
Requirement
Under $200 combined Krak + Kraken + Kraken Pro balance
$200+ combined Krak + Kraken + Kraken Pro balance
$1,000+ combined Krak + Kraken + Kraken Pro balance
$10,000+ combined Krak + Kraken + Kraken Pro balance
ℹ️ Balance-based, up to 2%; credited instantly on settlement (usually within 24 hours); excludes ATM withdrawals, refunds and transfers
VERDICT
Strengths and trade-offs
WORKS FOR YOU IF
✓No monthly or annual fees
✓No FX fees
✓Apple Pay and Google Pay
✓Backed by trusted Kraken exchange
✓Instant virtual card issuance
✓600+ spendable fiat and crypto assets with configurable spend order
LOOK ELSEWHERE IF
!2% cashback requires $50,000 combined balance
!UK and EEA only — separate Visa card exists for the US
!Balance threshold model — not tied to card spend itself
!KYC required — no no-KYC option
!Card replacement costs £4.99/€4.99
STANDOUT FEATURES
What sets it apart
✦Configurable spending order at checkout, with the option to block specific assets from being spent
✦Spends from a dedicated Krak "Everyday" balance, separate from your main Kraken trading/staking holdings
✦Combined Krak, Kraken and Kraken Pro balance counts toward tier thresholds
✦In-app controls: freeze/unfreeze, PIN management, real-time transaction alerts, 3D Secure
✦Cashback payable in Bitcoin or local fiat, switchable anytime before a transaction settles
✦Up to 6% cashback and up to 60% hotel discounts via Krak Concierge travel bookings
✦Krak Vaults (up to 3.6% APY) and Salary Match available in eligible regions
✦If your balance drops below a tier's threshold, you keep the physical Metal card but may lose that tier's ongoing benefits
✓ Apple Pay✓ Google Pay✓ iOS app✓ Android app✓ No staking
ABOUT THIS CARD
Common questions
Where can I use the Krak?
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Does the Krak have an annual fee?
+
Do I need to stake anything to earn rewards?
+
How much can I earn with the Krak?
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Does it work with Apple Pay and Google Pay?
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Figures on this page come from Kraken's published card terms and were verified on August 26, 2026. Rewards, fees and availability change often and vary by region. See our methodology for how we score and verify every card. This is not financial advice.
