Xapo Card vs Krak: which wins?

Cashback, annual fee, FX and ATM charges, custody and country availability — both cards on the same fields, taken from each issuer's published terms; each card page shows when its data was last verified.

DEBITXapo Bank Ltd logo
CASHBACK
1%
ANNUAL FEE
$1,000/year…
XAPO CARD
XAPO BANK LTD
VISA

Xapo Card

Xapo Bank Ltd
  • No FX fees
  • No staking
  • Apple Pay
  • Google Pay
DEBITKraken logo
CASHBACK
2%
ANNUAL FEE
Free
KRAK
KRAKEN
MASTERCARD

Krak

Kraken
  • No fees
  • No FX fees
  • No staking
  • Apple Pay
OUR SCORE

How we rate them

Our own assessment, not a user rating — four criteria at 25% each, scored against each issuer's published terms. See the scoring model.

Editorial scores for the Xapo Card and the Krak
CriterionXapo CardKrak
Overall3.3 / 54.1 / 5
Cost 25%2.0The card is free but the membership is not: $1,000 a year for Xapo Bank. FX is 0% and the BTC spread 0.1%, with ATM withdrawals free to $100 a month, then 2%.5.0No card, monthly or FX fee, and Kraken charges nothing for ATM withdrawals — only the machine's operator might.
Conditions 25%3.5No stake or token holding, but the card exists only inside a $1,000-a-year membership, which is what stands between you and the rate.4.0The rate is set by your combined Kraken balance rather than a stake or lock-up: $1,000 reaches 1%, and the money stays yours to withdraw.
Rewards 25%3.01% in Bitcoin on card purchases, dropping to 0.2% at merchants in the SEPA area. USD deposits earn around 4% a year separately.3.01% in Bitcoin or local currency at a realistic balance. The 2% headline needs $50,000 held, and the rate is credited on settlement rather than monthly.
Reliability 25%4.5A licensed bank in Gibraltar with a long record and published card FAQs; the main gap is that its newest card figures date from mid-2025.4.5Kraken has one of the longest records in the industry, publishes its tier thresholds openly, and the card's data was re-checked this month.
QUICK VERDICT

Who wins on what

  • HIGHER HEADLINE CASHBACK
    Krak
    Up to 2% vs Up to 1%
  • CHEAPER TO HOLD
    Krak
    no annual fee vs $1,000/year (Xapo Bank membership)

Only stated where the published data supports it. A card with a tiered or conditional fee is not counted as free.

THE SHORT VERSION

How they actually differ

  • Rewards arrive in different assets: Bitcoin on the Xapo Card, Bitcoin or local fiat (your choice) on the Krak.
  • Xapo Card runs on Visa; Krak runs on Mastercard.
EVERY FIELD

Xapo Card vs Krak, side by side

Full field-by-field comparison of the Xapo Card and the Krak
FieldXapo CardKrak
Card typeDebitDebit
NetworkVisaMastercard
Max cashbackUp to 1%Up to 2%
Rewards paid inBitcoinBitcoin or local fiat (your choice)
Annual fee$1,000/year (Xapo Bank membership)Free
Monthly feeNoneNone
FX fee0%0%
ATM feeFree up to $100/month, then 2%Free from Kraken — third-party ATM operator fees may still apply
Crypto conversion0.1% BTC spreadFree
(conversion spread applies when spending crypto — shown in-app before each transaction)
Where it works110+ countries (NOT US — offshore banking focus; Gibraltar regulated)UK, US, EEA (account opening); card usable for spending and ATMs in 200+ countries worldwide
Self-custodyNoNo
No staking neededYesYes
Apple PayYesYes
Google PayYesYes
Virtual card——

A dash means the issuer has not published that figure — it does not mean zero. See our methodology for how each field is verified. Rewards and availability change often and vary by region. Not financial advice.

GO DEEPER

Read the full review of each

Xapo Card review →Krak review →Compare three cards instead

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