Krak
Kraken's debit card, run from the Krak app and available in the UK, the EEA and the United States. It spends from a dedicated Krak balance across 600+ fiat and crypto assets, with cashback of 0.5% to 2% set by your combined Krak, Kraken and Kraken Pro balance. There are no monthly, annual or transaction fees; a variable spread applies when crypto is sold to pay. The UK/EEA card is a Mastercard issued by Monavate with no FX fee. The US card is a Visa issued by Lead Bank with a 1% fee on foreign purchases, and is not offered in New York, Maine, Massachusetts or Indiana. Identity verification is required.
Is the Krak worth it?
The Krak is a debit card on Mastercard/Visa, paying up to 2% back on spend, with no annual fee. Whether it suits you comes down to the trade-offs below.
GOOD FIT IF
- you want up to 2% back on everyday spending
- you don't want to stake or lock up a token to earn the rate
- you want a card with no annual fee
THINK TWICE IF
- you want to hold your own keys — this card is custodial
How we rate the Krak
- Cost25%5.0 / 5
No card, monthly or FX fee, and Kraken charges nothing for ATM withdrawals — only the machine's operator might. This describes the UK/EEA card; the US card adds a 1% fee on foreign purchases.
- Conditions25%4.0 / 5
The rate is set by your combined Kraken balance rather than a stake or lock-up: £1,000/€1,000 reaches 1%, and the money stays yours to withdraw.
- Rewards25%3.0 / 5
1% in Bitcoin or local currency at a realistic balance. The 2% headline needs £50,000/€50,000 held, and the rate is credited on settlement rather than monthly.
- Reliability25%4.5 / 5
Kraken has one of the longest records in the industry, publishes its tier thresholds openly, and the card's data was re-checked this month.
Four criteria, each worth 25%, scored by us against the issuer's published terms — the total above is their average, not a separate judgement. Scored September 16, 2026. Read the full scoring model. No issuer can pay to change a score.
The card at a glance
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.
Up to 2%, paid in Bitcoin or local fiat (your choice). No staking required for the base rate.
Balance-based, up to 2%, paid in Bitcoin or your local currency (GBP, EUR or USD); credited on settlement, usually within 24 hours; excludes ATM withdrawals, refunds, transfers and purchases under £0.49, €0.49 or $0.49
Compare the plans
This card has 5 plans. Select one to see its rate, fees and perks.
Fees you'll actually meet
Strengths and trade-offs
WORKS FOR YOU IF
- Available in the UK, the EEA and most US states
- No monthly or annual fees
- No FX fee on the UK/EEA card: the Mastercard rate with no markup
- 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 a combined balance of £50,000, €50,000 or $50,000
- Terms differ by region: the US card charges 1% on foreign purchases and is not offered in New York, Maine, Massachusetts or Indiana
- Balance threshold model — not tied to card spend itself
- KYC required — no no-KYC option
- Card replacement costs £4.99/€4.99; a replacement fee may also apply in the US
- US reward tiers change on 15 October 2026, and Kraken had not published the new figures when we checked
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
Latest news & analysis
- NEWS · What Changes for Crypto Cards on 12 and 15 October 2026Solid's FUSE lock amounts rise on 12 October. On 15 October the Krak Card's US reward tiers change and Tangem Pay's FX markup becomes 1.5%.
- GUIDE · Who Holds Your Money: Custodial vs Self-Custody CardsThe difference only matters on the day something goes wrong — and in July 2026 it did. What the two models mean in practice, and which cards use which.
Common questions
Where can I use the Krak?
Does the Krak have an annual fee?
Do I need to stake anything to earn rewards?
How much can I earn with the Krak?
Does it work with Apple Pay and Google Pay?
Figures on this page come from Kraken's published card terms and were verified on October 9, 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.
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