Kraken is a US cryptocurrency exchange founded in 2011 by Jesse Powell and launched publicly in 2013, with corporate operations historically based in San Francisco. Operated by Payward, Inc., it is one of the longest-running spot exchanges and offers spot, margin, futures, and staking products across multiple regulated jurisdictions.
The Krak Card is a crypto debit card offered by Kraken, available in UK + EEA. It offers Up to 2% cashback across 5 reward tiers, giving users the ability to earn higher rates as they increase their commitment. There is no annual fee to hold this card. It runs on the Mastercard network and requires full identity verification.
| Tier | Rate | Requirement |
|---|---|---|
| Starter | 0% | Under €200 average combined assets |
| Light | 0.5% | €200+ average combined assets (Krak + Kraken) |
| Pro | 1% | €1K+ average combined assets |
| Elite | 1.5% | €10K+ average combined assets |
| Max | 2% | €50K+ average combined assets, stainless steel Metal card |
Note: Rebranded to 'Krak Card'. 1% promo ended March 31, 2026. New 5-tier balance-based cashback system launched Mar 31: Starter 0% (<€200), Light 0.5% (€200+), Pro 1% (€1K+), Elite 1.5% (€10K+), Max 2% (€50K+). Metal Mastercard (stainless steel) for €50K+ Max-tier users, free for eligible, €60 replacement. Krak Concierge with 60% off luxury hotels and 4% travel cashback for Max tier. Cashback in EUR, GBP, or BTC. Up to 10% APY on vaults. Salary Match (up to 1% bonus).
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The Krak Card is a crypto debit card offered by Kraken. It is available in UK + EEA and allows users to spend cryptocurrency at merchants worldwide.
The Krak Card offers Up to 2% cashback. There are 5 tiers: Starter (0%), Light (0.5%), Pro (1%), Elite (1.5%), Max (2%).
The Krak Card has an annual fee of $0. Additional fees: Conversion fee: ~1.5%.
The Krak Card is available in UK + EEA. Its availability status is "UK/EEA".
The Krak Card is a debit card. You need to load cryptocurrency onto the card before making purchases.
Yes, the Krak Card supports Apple Pay and Google Pay for contactless payments.
Want to see your annual earnings? Use the ROI Calculator to estimate net cashback at your spending level.