Krak Card is a custodial crypto debit card linked to the Krak Everyday account, offering direct spending from fiat and cryptocurrency balances, free virtual and physical cards, and up to 2% cashback.
Why Krak Card can be a great choice.
Things to consider before applying.
Krak Card is part of the Krak financial app developed by Kraken. It allows users to spend cryptocurrencies, stablecoins and fiat currencies directly from their Krak Everyday balance without preloading a separate card wallet.
Payments follow a customizable Spend Order. Users decide which assets are spent first, and Krak automatically converts them into the card's settlement currency when needed. Multiple balances can be combined to cover a single purchase.
The card operates under different regional programs. US customers receive a USD-denominated Visa, while UK and EEA users have Mastercard cards denominated in GBP or EUR.
Virtual and standard physical cards are free, with no monthly or annual maintenance fees. Krak also charges no fees for purchases funded directly with the card's base fiat currency or for ATM withdrawals, although ATM operators may impose their own charges.
Cryptocurrency-funded purchases involve a variable conversion spread. Foreign-currency purchases carry no additional Krak FX markup in the UK and EEA, while US cards incur a 1% foreign transaction fee.
Card spending and ATM limits depend on the region and account. In the US, physical card eligibility requires maintaining a qualifying balance of at least $200 over a 30-day period.
Krak Card offers up to 2% cashback on eligible purchases, with the rate determined by the user's average balance across Krak, Kraken and Kraken Pro over the preceding 30 days.
The standard rewards structure includes five tiers, ranging from 0% for entry-level users to 2% for the highest tier. In the UK and EEA, maximum cashback requires an average balance of £50,000 or €50,000. US reward thresholds are scheduled to change on October 15, 2026, increasing the balance required for 2% cashback to $150,000.
Eligible new users can receive 2% introductory cashback for their first 30 days. Rewards are paid in local fiat currency or Bitcoin after transactions settle, with no standard monthly cashback cap.
Krak Card is available to verified personal account holders in the US, UK and EEA, subject to local restrictions. US issuance excludes New York, Maine, Massachusetts and Indiana.
Both virtual and physical cards support everyday purchases, while physical cards provide conventional ATM access. Apple Pay and Google Pay are supported, and US customers can also use Samsung Pay.
Cardholders can manage their spending priority, block selected assets, receive transaction notifications and freeze their cards through the app.
Krak uses a custodial account model. Funds are held within the Kraken ecosystem rather than a self-custodial wallet. Spending cryptocurrencies may also create taxable transactions depending on the user's jurisdiction.
Create a Krak or Kraken account in a supported region.
Complete the required identity verification.
Open the card application in the Krak app, or through the Kraken app for UK and EEA users.
Apply for the free virtual card.
Fund the Krak Everyday account with supported fiat or cryptocurrencies.
Configure the Spend Order and add the card to Apple Pay or Google Pay.
Request a physical card if eligible and activate it after delivery.
Quick answers to common questions about Krak Card.
Yes. Krak Card can use supported crypto assets from your Krak Everyday balance. You choose the order in which your balances should be spent, and Krak automatically converts crypto into the card's settlement currency when necessary to complete the purchase.
Krak Card offers up to 2% cashback on eligible purchases. The rate depends on your rolling 30-day average balance across Krak, Kraken and Kraken Pro. Higher balances unlock higher reward tiers, while the maximum 2% tier generally requires an average balance of at least €50,000, £50,000 or the corresponding regional threshold.
It depends on where the card is issued. Krak Card uses Visa in the United States and Mastercard in the UK and EEA. Both versions are debit cards linked to the user's Krak Everyday balance.
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