Krak
by Kraken
The Krak Card lets users spend fiat or crypto from their Krak balance worldwide, with no card fees and up to 2% cashback. The US product launched 18 August 2026 on Visa (Lead Bank / Stripe; built by Payward / Kraken). Mastercard remains for existing UK/Europe cards.
Unique Features
- Automatic crypto-to-fiat conversion at checkout with configurable spending order and real-time transaction controls.
- Dedicated DE virtual IBAN on SEPA in eligible EEA countries
Pros
- New users get 30 days at Max 2% regardless of balance
- Up to 2% cashback in USD, BTC, EUR or GBP (by region)
- No monthly or annual fees; free deposit rails available
- EEA/UK: no Krak FX markup (Mastercard rate). US Visa debit: 1% FX fee
- Apple Pay, Google Pay, App
- Physical and virtual card available
- Free card delivery, cheap replacement
- Interconnectivity with Kraken ecosystem
- Kraken Balance adds to cashback balance
Cons
- Crypto spending includes a variable conversion spread
- US card not available in New York, Maine, Massachusetts, or Indiana
- After the 30-day welcome, Max 2% needs a 50k 30-day average (Krak + Kraken + Kraken Pro)
Integrations & Tech
Available In (32)
Fee Structure
Fee Details
Replacement: plastic 4.99 GBP/EUR/USD; Metal 60 GBP/EUR/USD. Crypto conversion: variable spread (no published percent). Top-up: Crypto/SEPA/FPS/ACH free; Apple Pay, Google Pay and debit-card deposits 0.25 + 3.75 percent. Krak ATM fee none; operator fees may apply. FX: US debit card Cash FX Conversion = Visa rate + 1% (https://www.kraken.com/krak/pricing US). EEA/UK: no Krak FX fee; pass on Mastercard rate without markup.
Limits & Conditions
UK/EEA ATM: GBP 250 / 750 / 4000; EUR 300 / 900 / 4800. Spend: GBP 5000 / 22000 / 22000; EUR 6000 / 12000 / 12000. Krak ATM fee none; operator fees may apply.
