A good everyday card for UK and EEA residents who already hold a few hundred euros or more on Kraken. If you keep little on the platform, you’ll earn nothing, so a card with cashback on its free tier is the better fit.
Score breakdown
How we read the terms: EEA pricing: free virtual and plastic card, no monthly fee, no Krak FX fee. The Starter tier (under €200 average balance) earns 0%; 2% needs a €50,000 30-day average.
Not rated yet: verified criteria cover 65% of the weight, and we need 70% to give an overall score. How scores are calculated.
Pros
- No monthly, transaction or Krak FX fee
- Cashback in euros, pounds or bitcoin, with no monthly cap
- Free virtual and physical card, shipped for free
- Apple Pay and Google Pay
Cons
- No cashback until your 30-day average balance reaches €200
- The 2% rate needs a €50,000 average balance
- A spread applies when crypto is converted at payment
- Topping up by Apple Pay, Google Pay or debit card costs €0.25 + 3.75%
Overview
Kraken Card and Krak Card are the same Mastercard debit card in different designs, issued by Monavate (UAB Monavate in the EEA). The card spends from your Krak Everyday balance, and you manage it in the Krak app with your Kraken login.
Cashback depends on your 30-day average balance across Krak, Kraken and Kraken Pro: 0.5% from €200, 1% from €1,000, 1.5% from €10,000 and 2% from €50,000. New customers get the top tier for their first 30 days.
We haven’t run a hands-on test of this card; this review is based on the issuer’s published documents linked on this page.
Card tierssource
| Tier | Stake | Subscription | Cashback | Notes |
|---|---|---|---|---|
| Starter | Under €/£200 average balance | €0 | 0% | — |
| Lite | €/£200 30-day average | €0 | 0.5% | 0.25% salary match |
| Pro | €/£1,000 | €0 | 1% | 0.5% salary match |
| Elite | €/£10,000 | €0 | 1.5% | 0.75% salary match |
| Max | €/£50,000 | €0 | 2% | 1% salary match; metal card |
Region: EEA.
Fees and limits
- Card issuance (EEA)
- €0 (virtual, plastic and, if eligible, metal card free)source
- Monthly fee (EEA)
- €0source
- FX fee (EEA)
- 0source
- Top-up (EEA)
- Free by bank transfer (SEPA); Apple Pay/Google Pay or debit-card deposit €0.25 + 3.75%source
- Free ATM per month (EEA)
- No Krak ATM fee (no published monthly cap; limits shown in app); third-party fees may applysource
Fees are quoted from the issuer’s documents for the region shown. Each “source” link opens the issuer’s page; the wording is quoted in the availability table and in the link’s tooltip.
Is it worth it? Quick math
Entry tier, €1,000 a month of everyday spending in the card’s currency, first year, compared with a plain 2% cash-back card. Only the verified figures above are used.
- Cashback earned
- €0
- Card fees (issuance + 12 × monthly)
- €0
- Net value, year one
- €0
- Plain 2% cash-back card
- €240
At this spend, a plain 2% cash-back card earns €240 more. Higher tiers pay more, but may need staking, a balance or a paid plan — see the tiers above.
Cashback paid in a volatile token can be worth more or less when you sell it. FX and top-up fees are not included here.
Availability
| Region | Status | What the issuer says |
|---|---|---|
| US | Not verified | “Krak debit card will be available in all US states except New York, Maine, Massachusetts and Indiana.”source Kraken’s pages disagree: one help article lists the US, while the product page says the card is for UK and EU residents. |
| UK | Available | “Kraken Card is currently available to verified Kraken users in the UK and EEA.”source |
| EEA | Available | “Kraken Card is currently available to verified Kraken users in the UK and EEA.”source |
By country
Other regions listed by the issuer: United Kingdom, EEAsource. Not legal advice; an issuer can refuse any applicant.
How to get the card
- 1Verify your Kraken accountComplete Kraken’s identity verification.
- 2Create the virtual cardFollow the card sign-up flow in the Kraken app and pick a colour.
- 3Set up KrakDownload the Krak app, sign in with your Kraken login and add the card to Apple Pay or Google Pay.
- 4Fund and choose a spend orderMove money to your Everyday balance and set which assets the card spends first.
Kraken Card (Krak): common questions
Does the Kraken Card charge FX fees?
No. Krak says it passes on the Mastercard exchange rate without a markup. A spread applies when crypto is sold to pay.
How much cashback does the Kraken Card pay?
From 0% to 2%, based on your 30-day average balance across Krak, Kraken and Kraken Pro. You need €200 for 0.5% and €50,000 for 2%.
Alternatives and comparisons
Information only, not financial advice. Crypto assets are volatile. Terms change often — confirm on the issuer’s site before applying.