Black cardStandard card design

Source checked28 sourcesLast checked Oct 16, 2026

Custodial Mastercard/Visa debit card

Krak Card

Krak Card connects the regional GBP, EUR or USD Everyday balance to Mastercard spending in the UK/EEA or Visa spending in the US. Virtual and physical cards, phone-wallet support and automatic cashback up to 2% all use the same Krak account.

View Krak Compare card

100%Sign-up bonus All offers

Best fit

Existing Kraken users whose account balances already count toward rewards.
Choosing regional fiat or BTC for automatically credited cashback.
Cash withdrawals with no Krak ATM fee; the operator can still charge.

Before you choose

Starter pays 0%; ongoing cashback needs a qualifying 30-day average balance.
Crypto-funded purchases include a variable conversion spread shown in the app.
U.S. cards charge 1% on foreign transactions; UK and EEA cards charge 0%.

01 · Fees & limits

Card costs

ItemValueConditions & scope

Entry plan$0 / yearStarter tier.

Provider FX markup0–1%Krak charges 0% in the UK/EEA and 1% for the US programme. Starter pays 0% cashback; higher balance tiers can return up to 2%.

ATM withdrawal0%0% Krak fee; ATM operator may charge. The provider fee is zero; ATM operator and FX charges may still apply.

Card spending0%Card payment fee. FX and conversion charges are listed separately.

Physical cardFree, subject to eligibilityPlastic £0/€0/$0. UK/EEA metal threshold £/€50,000; US metal threshold conflicts between $50,000 pricing and a $75,000 announcement. Confirm eligibility in app. The $200 US plastic requirement is a balance gate, not a fee. US shipping is free and can take up to 14 days.

Limits and secondary fees

ItemValueConditions & scope

Daily card spendNot disclosedUK: £22,000/day; EEA: €12,000/day; US: $12,000/day

Monthly card spendNot disclosedUK: £22,000/month; EEA: €12,000/month; US: $22,000/month

ATM limitNot disclosedUK: £250/withdrawal, £750/day, £4,000/month; EEA: €300/withdrawal, €900/day, €4,800/month; US: $250/withdrawal, $1,000/day, $5,000/month

Account depositNot disclosedAccount transfer limit shown in app

02 · Plans & rewards

Cashback & memberships

Krak uses the rolling 30-day average eligible balance to set cashback. Each regional programme has five levels.

Entry rate0%

Qualification is required before cashback starts

Maximum rate2%

Max tier

Reward assetLocal fiat / BTC

GBP in the UK, EUR in the EEA or USD in the US; BTC is an alternative.

Monthly capNone

Official programme states no monthly caps or earning limits

Cashback levels

UK/EEA and US use separate balance thresholds. The 30-day welcome benefit and metal-card eligibility are separate from ongoing cashback tiers.

UK/EEA Mastercard

1-3 / 5

Entry rate

Starter

UK/EEA Mastercard

£/€030-day average

Orange and black Krak Mastercard card designs

Cashback: 0%
Requirement: Default tier; no balance requirement
Physical card: Plastic and first eligible metal card free; metal requires £/€50,000 average balance
FX: 0% Krak FX markup; Mastercard conversion rate applies

Balance tier

Lite

UK/EEA Mastercard

£/€20030-day average

Cashback: 0.5% in GBP / EUR / BTC
Requirement: £/€200 average balance
Physical card: Plastic and first eligible metal card free; metal requires £/€50,000 average balance
FX: 0% Krak FX markup; Mastercard conversion rate applies

Balance tier

Pro

UK/EEA Mastercard

£/€1,00030-day average

Cashback: 1% in GBP / EUR / BTC
Requirement: £/€1,000 average balance
Physical card: Plastic and first eligible metal card free; metal requires £/€50,000 average balance
FX: 0% Krak FX markup; Mastercard conversion rate applies

US Visa

1-3 / 5

Entry rate

Starter

US Visa

$030-day average

Cashback: 0%
Requirement: Below $1,000 average balance
Physical card: Plastic: separate eligibility; metal threshold disputed
FX: 1% Krak FX fee + Visa conversion rate; crypto conversion spread separate

Balance tier

Lite

US Visa

$1,00030-day average

Cashback: 1% in USD / BTC
Requirement: $1,000 average balance
Physical card: Plastic: separate eligibility; metal threshold disputed
FX: 1% Krak FX fee + Visa conversion rate; crypto conversion spread separate

Balance tier

Pro

US Visa

$10,00030-day average

Cashback: 1.5% in USD / BTC
Requirement: $10,000 average balance
Physical card: Plastic: separate eligibility; metal threshold disputed
FX: 1% Krak FX fee + Visa conversion rate; crypto conversion spread separate

Tier details

UK/EEA qualification: After the 30-day welcome period, use the average eligible balance across Krak, Kraken and Kraken Pro over the previous 30 days.
US qualification: Use the average eligible assets across Krak, Kraken and Kraken Pro over the previous 30 days.
US metal card: Pricing lists a $50,000 threshold; the October 15 announcement says $75,000. Confirm in app. Plastic-card eligibility is separate.

03 · Everyday use

Card access & apps

Card access

Mastercard/Visa network
Virtual card
Physical card
ATM withdrawals

Wallets & apps

Apple Pay
Google Pay
iOS app
Android app
Web appNot confirmed

04 · Money in and out

Balance, payments & transfers

Balance & payments

Account balance

Funds sit in a custodial account balance before card spend or payout.

Conversion

Krak supports GBP FPS, EUR SEPA and US USD ACH/domestic-wire receive rails plus dynamic in-app crypto deposits.

Money in

Crypto depositsSupported cryptoFeeNo fixed feeDetails

Access path: Via provider account
Networks by asset: Supported crypto: Selected in app
Conditions: The supported asset and network choices are dynamic in the app; this entry confirms the route without asserting a fixed token allowlist.
Timing: Not confirmed
Limits: Asset and network minimums are shown in the app
Fee conditions: Usually free; asset and network exceptions are shown in the app
How it works: Credits the custodial Krak account balance used by the Everyday card flow
Fee breakdown: No provider transfer fee

GBP bank transferGBPFee£0Details

Access path: Via provider account
Availability: Minimum receive amount is £2. The account-level transfer limit is shown in the app and remains unknown here.
Timing: Typically instant; up to 1 day
Fee conditions: Krak fee: £0
Fee breakdown: £0 · transfer

EUR bank transferEURFee€0Details

Access path: Via provider account
Availability: Minimum receive amount is €1. The account-level transfer limit is shown in the app and remains unknown here.
Timing: Typically instant; up to 3 business days
Fee conditions: Krak fee: €0
Fee breakdown: €0 · transfer

USD bank transferUSDFee$0–$3Details

Access path: Via provider account
Availability: Available to eligible US Krak accounts
Account setup: own name
Conditions: ACH is free; the published domestic-wire fee is $3. Bank-side charges and account-specific limits may still apply.
Timing: Depends on ACH or domestic-wire processing
Limits: Account transfer limits are shown in the Krak app
Fee conditions: ACH $0; domestic wire $3
Availability: United States except New York, Maine, Massachusetts and Indiana
How it works: Credits the custodial USD Krak Everyday balance
Fee breakdown: $0 · ACH inbound transfer; $3 · domestic wire inbound transfer

Krak ↔ Kraken balance transferSupported balances shown in appFee0%Details

Access path: Via provider account
Availability: Linked Krak and Kraken balances
Limits: Not publicly confirmed
Conditions: The linked-balance route is optional account infrastructure and is separate from card fees.
Timing: Instant
Fee breakdown: 0% · transfer

Money out

Krak external crypto withdrawalSupported crypto shown in appFeeNot confirmedDetails

Access path: Via provider account
Availability: Supported crypto and networks selected in the Krak withdrawal flow
External cost scope: Asset and network fee is shown before confirmation; no fixed universal fee
Conditions: This is a provider-account route to an external blockchain address, not a direct card payout.
Timing: Network-dependent; shown in the withdrawal flow
Limits: Asset daily limit is shown in the app
External cost: External on-chain fee

Krak internal sendCash or supported crypto shown in appFeeNo fixed feeDetails

Access path: Via provider account
Availability: KrakTag, email, phone, contacts and Paylink
Conditions: Exact supported assets and the account transfer limit remain app-only unknowns.
Timing: Instant
Limits: Account limit shown in app
Fee conditions: No separate internal-transfer fee found in the reviewed facts
Fee breakdown: No provider transfer fee

Krak ↔ Kraken balance transferSupported balances shown in appFee0%Details

Access path: Via provider account
Availability: Linked Krak and Kraken balances
Limits: Not publicly confirmed
Conditions: The linked-balance route is optional account infrastructure and is separate from card fees.
Timing: Instant
Fee breakdown: 0% · transfer

GBP Faster PaymentsGBPFee£0Details

Access path: Via provider account
Availability: UK GBP bank transfers
Conditions: This is a provider-account bank rail, not a card fee or cashback transaction.
Timing: Typically instant; up to 1 day
Limits: Minimum send £5; receive £2; account limit shown in app
Fee conditions: Krak fee: £0
Fee breakdown: £0 · transfer

EUR SEPAEURFee€0Details

Access path: Via provider account
Availability: EEA EUR bank transfers
Conditions: This is a provider-account bank rail, not a card fee or cashback transaction.
Timing: Typically instant; up to 3 business days
Limits: Minimum send €2; receive €1; account limit shown in app
Fee conditions: Krak fee: €0
Fee breakdown: €0 · transfer

05 · Optional product

Yield & access to your funds

Krak VaultsOptional yieldRateUp to 3.6% APYDirect card spendingNo

Yield source: DeFi lending markets
Yield mechanism: Lending pool
Withdrawals: Balanced or Boosted: minutes; Advanced: 24 hours to 3 days
Assets: USDC, BTC (Advanced strategy only)
Withdraw anytime: Not confirmed
Deposit insurance: Not confirmed

Krak Vaults uses a separate yield position. Current rates and withdrawal terms apply.

Risk noteVariable APY, custody, smart-contract, liquidity, protocol, counterparty and market risks may apply. Treat Earn/vault balances as separate yield exposure; access to funds depends on the provider's current withdrawal, card and collateral rules.

06 · Trust and eligibility

Availability & providers

Identity & KYC

Required

Identity verification is required to access card services.

Availability

32 countries explicitly listed

The complete supported-country list is shown below. Residence, identity documents and signup checks still apply.

Countries explicitly listed32 countries

AustriaBelgiumBulgariaCroatiaCyprusCzechiaDenmarkEstoniaFinlandFranceGermanyGreeceHungaryIcelandIrelandItalyLatviaLiechtensteinLithuaniaLuxembourgMaltaNetherlandsNorwayPolandPortugalRomaniaSlovakiaSloveniaSpainSwedenUnited KingdomUnited States

Who handles what

The named organisations and their current roles are listed below.

RoleHandled byResponsibility and scope

Card productKrak

Provides the product and account experience. Named legal operators appear separately.

Custody controlKrak + programme partners

Controls settlement until payment.

Custodial account

Card issuerMonavate Limited

Issues the UK card programme.

Jurisdiction: United Kingdom · Applies to: UK residents.

Card issuerLead Bank

Issues the US card programme.

Jurisdiction: United States · Applies to: Eligible US residents.

Card issuerUAB Monavate

Issues the EEA card programme.

Jurisdiction: Lithuania / EEA · Applies to: EEA residents.

Card processingStripe

Card programme management and identity-verification support.

Jurisdiction: United States · Applies to: US card programme.

Programme operatorPayward Wallet, Inc.

Operates the US Krak card service.

Jurisdiction: United States · Applies to: US card programme.

07 · Methodology

Why the score is 74

Missing or undisclosed fields receive no positive credit.

74/100

Good

Higher is better

Cost efficiency 73

Rewards value 30

Everyday usability 99

Funding & transfers 76

Availability & eligibility 60

Custody & control 45

Company & infrastructure 93

Key score driversLargest effects after applying the Overall category weights

Strongest lift99

Everyday usability

Mastercard/Visa spending includes virtual card, physical card, Apple Pay, Google Pay and ATM access.

Additional support93

Company & infrastructure

Named programme infrastructure includes Monavate Limited (issuer), Lead Bank (issuer), UAB Monavate (issuer) and Mastercard (network).

Main constraint30

Rewards value

0% ungated cashback; 2% requires programme qualification and is paid in GBP / EUR / USD / BTC.

08 · Offers & news

Latest from Krak Card

Offer100%Sign-up bonusActive

New Kraken Card holders can get their first eligible purchase back

A new Kraken Card holder who has never previously held the card can receive 100% cashback on the first eligible purchase, capped at £10 or €10.

No published end dateChecked Aug 25, 2026

See all 1 offer for Krak Card

09 · Card comparison

How Krak Card compares to others

1 / 3

Current card

Krak Card

Virtual and physical cards both work with Apple Pay and Google Pay.

Card: Debit Mastercard + Visa, Virtual + Physical
Funds control: Custodial balance
Cashback: 0%–2%
FX fee: 0% UK/EEA; 1% US foreign-transaction fee; Mastercard/Visa conversion rate
Apps: iOS, Android · Web app not confirmed
Transfers & payouts: Crypto, Bank + Internal transfers
Funding routes: Account: Crypto, Bank + Internal deposits

Similar match

Bybit Card (Global)

Spend is tied to a Bybit account balance, not a wallet-only flow.

Card: Debit Mastercard + Visa, Virtual + Physical
Funds control: Custodial balance
Cashback: 2%–10%
FX fee: Up to 2%
Apps: iOS, Android · Web app not confirmed
Transfers & payouts: Crypto + Bank transfers
Funding routes: Account: Crypto + Bank deposits

Similar match

Black Bitpanda Visa Platinum card design

Bitpanda Card

Physical and virtual Visa cards can be added to Apple Pay and Google Pay.

Card: Debit Visa, Virtual + Physical
Funds control: Custodial balance
Cashback: 1%
FX fee: 0% Bitpanda FX markup on non-EUR transactions; Visa mark-up may apply. Asset sale fees remain payable.
Apps: iOS, Android, Web app
Transfers & payouts: Crypto + Bank transfers
Funding routes: Account: Crypto + Bank deposits

Want a deeper comparison?

Compare up to four cards in detail across fees, rewards, everyday use, money movement, custody and more.

Compare Cards

10 · Evidence

Sources

28 sources26 officialChecked Oct 16, 2026

Primary sourcesOfficial product, fee, membership and legal pages

Krak US cashback tiersOfficial source ↗Krak regional pricing and cashbackOfficial source ↗Krak October 15 threshold notice and retained locale differencesOfficial source ↗Krak reward balancesOfficial source ↗Getting started with US Krak CardOfficial source ↗US Krak Card management, limits and card controlsOfficial source ↗

Unconfirmed details6 items

These details have not been verified for this profile. Missing information does not mean a service is free or available.

Crypto Spend Conversion Spread Percent is not confirmed
Early Card Cancellation Fee is not confirmed
Weekly Card Spend Limit is not confirmed
Weekly Atm Withdrawal Limit is not confirmed
Exact Card Spendable Asset List is not confirmed
Fiat Transfer Account Limit is not confirmed

Help keep this page accurate