Krak Card
A custodial Mastercard that pays cashback in USD/GBP/EUR or BTC. No yearly fee.
- Terms checked 27 Sep 2026
- Mastercard
- Debit
- Custodial
- Apple Pay and Google Pay
- No FX fee abroad
- Cashback in stablecoins
- Free plan
- Subscription deals
- Earn on your balance
- Metal card
Count Krak Card's category bonuses
Part of your monthly spend. Leave blank if none.
$20.00 a month
1.0% effective, advertised up to 2.0%, on the Pro plan
$20.00 cashback$0.00 card fees$0.00 FX and other fees
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Pick a plan
Starter
Free, no cashback
- 4% back on hotels booked through Krak Concierge and paid by card
$0.00 a month, 0.0%
Lite
Free, 0.5% on everything, needs a $200 average balance
- 4% back on hotels booked through Krak Concierge and paid by card
$10.00 a month, 0.5%
- Highest at this spend
Pro
Free, 1% on everything, needs a $1,000 average balance
- 4% back on hotels booked through Krak Concierge and paid by card
$20.00 a month, 1.0%
Elite
Free, 1.5% on everything, needs a $10,000 average balance
- 4% back on hotels booked through Krak Concierge and paid by card
Needs a bigger balance than a month of spend
Max (Metal)
Free, 2% on everything, needs a $50,000 average balance
- 4% back on hotels booked through Krak Concierge and paid by card
Needs a bigger balance than a month of spend
What you keep as spend grows
Hover the line to see other amounts.
Show as a table
| Monthly spend | What you keep | Plan |
|---|---|---|
| $250 | 0.5% | Lite |
| $500 | 0.5% | Lite |
| $750 | 0.5% | Lite |
| $1,000 | 1% | Pro |
| $1,500 | 1% | Pro |
| $2,000 | 1% | Pro |
| $2,500 | 1% | Pro |
| $3,000 | 1% | Pro |
| $4,000 | 1% | Pro |
| $5,000 | 1% | Pro |
| $6,000 | 1% | Pro |
| $7,500 | 1% | Pro |
| $10,000 | 1.5% | Elite |
Every fee
- Yearly fee
- None
- FX fee
- UK and EEA: 0%, Mastercard rate with no markup. US: 1% on foreign-currency or non-US-merchant purchases
- Conversion fee
- $0 from your USD, GBP or EUR balance; variable spread (not published, shown in-app) when spending crypto or other currencies
- Topping up
- Free by bank transfer and crypto deposit; US wire $3; debit card or Apple/Google Pay top-up $0.25 + 3.75%
- ATM withdrawals
- No Krak fee; ATM operator fees may apply
- Card issue
- $0 virtual and plastic; Metal free with a $50,000 average balance. Replacement $4.99 plastic, $60 metal
- Monthly fee
- $0 (no monthly or annual fee)
Our own test
We're buying things with crypto cards in AUD, USD, EUR and GBP from October and comparing what each card takes with the mid-market rate. What this card actually charges will show here and in our Q4 report.
Where these numbers come from
Krak Card's published terms, checked 27 September 2026. Where sources disagree we use the less generous reading.
- Krak US cardholder agreement (Lead Bank, via Stripe)Terms
- Krak cardholder agreements (UK and EEA, Monavate)Terms
- Krak pricing (US, UK and EEA fee tables)Fee schedule
- Krak support: rewards FAQHelp centre
- Krak support: US Metal CardHelp centre
Our research notes
CATEGORY BONUSES verified 2026-09-28 from official sources; see docs/research/cards/bonuses.md. BALANCE TIERS (2026-09-27): rates depend on the 30-day average balance, which stays spendable, so plans use balanceIsCash (no depreciation; a balance up to one month of spend is assumed held). Researched and verified 2026-09-27 against binding sources: the Lead Bank Krak Card issuing bank terms (last updated 2026-08-03, fee schedule), Kraken US Card Services Terms (Annex T of kraken.com/legal/global-terms), the Monavate UK and EEA cardholder agreements (krak.app/legal/card-terms), the official pricing page (krak.app/pricing, US, EEA and UK tables) and support.krak.app articles (Card FAQ 2026-09-18, US Card FAQ 2026-08-10, Cashback overview 2026-07-31, Rewards FAQ 2026-09-16, US Metal Card 2026-09-16, Card management 2026-07-03). CONFIRMED (high): UK and EEA on Mastercard (Monavate Ltd FRN 901097; UAB Monavate, Bank of Lithuania), US on Visa since 18 Aug 2026 (Lead Bank, programme manager Stripe); US excludes NY, ME, MA, IN; five tiers by 30-day average balance across Krak, Kraken and Kraken Pro: Starter under 200 at 0%, Lite 200 at 0.5%, Pro 1,000 at 1%, Elite 10,000 at 1.5%, Max 50,000 at 2% (USD, GBP or EUR amounts by region); no cashback cap; payout in USD/GBP/EUR or BTC; first 30 days on Max for new customers; $0 monthly, annual and issuance fees; replacement $4.99 plastic, $60 metal, US expedited shipping $14.99; US 1% foreign transaction fee (also on non-US merchants in USD); UK/EEA 0% FX; no Krak ATM fee; cashback excludes ATM withdrawals and purchases under 0.49. MODELLING: each balance tier is a plan with requiresStake equal to the USD threshold; the GBP and EUR thresholds are the same numbers, so slightly higher in USD. The required balance stays spendable, can be held in USD, and is not a token lock, so the engine's 15% depreciation charge overstates the cost. conversionRate is 0 because spending the card's primary currency has no spread; crypto and other currencies carry an unpublished variable spread (third-party estimates about 1% to 1.5%, unverified). CONFLICTS: the krak.app cashback marketing page shows four tiers with 0.5% below 1,000, while the pricing page, Rewards FAQ and cashback overview show 0% below 200; the binding pricing table is used. The 'Spending with your US Krak Card' article (2026-08-05) says no FX fees are added, but the Lead Bank terms, Annex T, pricing page and US FAQ all say 1%. Concierge: the cashback page says flights or hotels, the Concierge support article says hotels only. OPEN: the US Metal Card article says US tier thresholds rise and cashback rates change from 15 Oct 2026, with no figures published yet; re-verify the US plans after that date. US spending and ATM limits are not published. The Monavate early-cancellation fee (within six months) has no published amount. Verify all three before the next update.
What changed on this card
- 15 Oct 2026US cashback tiers changeKrak will raise the average balance needed for each US cashback tier and adjust the rates from 15 Oct 2026, and has not published the new figures yet.Krak support: US Metal CardComing up
What's good and what to watch
Good
- No monthly, annual or card fees; virtual and plastic cards are free
- Cashback paid as cash (USD, GBP or EUR) or BTC when the purchase settles, with no monthly cap
- 0% FX markup in the UK and EEA
- The balance that sets your tier stays spendable and withdrawable; nothing is locked
- New customers get the top 2% rate for their first 30 days
- Spend from 600+ assets in an order you set, or from your cash balance with no spread
Watch
- Cashback depends on your 30-day average balance: 0% under $200, 1% from $1,000, 2% only from $50,000
- US cardholders pay a 1% fee on foreign-currency and non-US-merchant purchases
- Spending crypto or other currencies carries a variable spread that Krak does not publish
- US reward tiers change on 15 October 2026 with higher balance thresholds; new figures not yet published
- Only for UK, EEA and US residents, and not in New York, Maine, Massachusetts or Indiana
- Custodial, and US balances are not FDIC- or SIPC-insured
At a glance
- Network
- Mastercard
- Custody
- custodial
- Card type
- debit
- Form
- Physical & virtual
- Mobile wallets
- ✓ Apple Pay✓ Google Pay
- Chains
- BitcoinEthereumSolanaBaseArbitrumPolygon
- Tokens
- USDEURGBPBTCETHSOLUSDCUSDT
- Availability
- UK, EEA, US (not New York, Maine, Massachusetts or Indiana)
- KYC
- Required: a verified Krak personal account
- Funding
- Krak balance in 600+ assets, spent in an order you setBank transfer (ACH, SEPA, UK)Crypto depositDebit card, Apple Pay or Google Pay top-up (fee)
- Spending limit
- UK: £5,000 per purchase, £22,000 a day and a month. EEA: €6,000 per purchase, €12,000 a day and a month. US: shown in-app
- ATM limit
- UK: £250 per withdrawal, £750 a day, £4,000 a month. EEA: €300, €900 a day, €4,800 a month. US: shown in-app
Perks and benefits
- Offers & creditsKrak Concierge hotel bookings: up to 60% off and up to 6% back (4% paying by card, 6% paying in-app)
- Idle-balance yieldKrak Vaults: variable USDC yield (4.18% to 5.33% APY shown on 27 Sep 2026), Krak keeps 25% of yield; not in all regions
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General information only. These figures are calculated from the spend you enter and the card terms we've collected. We haven't considered your objectives, financial situation or needs, and this isn't a recommendation. Consider whether a card suits you and read the provider's terms before applying. Figures are estimates; terms change; crypto is volatile.
Affiliate link: we may earn a commission if you sign up.