Kraken Card Review 2026
Reviewed by Mihail B. in · · how we verify
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Fees and limits
| Issuance fee | Virtual and plastic cards freeThe fine print
|
|---|---|
| Annual fee | Free |
| FX fee | 0% FX markup…The fine print
|
| ATM limit | No Krak fee ("Krak does not currently charge fees for ATM withdrawals"; the third-party ATM operator may charge)The fine printLimits not published: "Daily, weekly, and monthly limits apply to both card spending and ATM withdrawals. These limits vary by region, and you can view them anytime in the Krak app" (Krak Card FAQ, 18 Sep 2026) |
| Spending limit | Not published; limits vary by region and are shown in the Krak app (Krak Card FAQ, 18 Sep 2026) |
Fees change; the current ones are in Kraken’s terms.
Features
- Welcome bonus: 2% cashback
- Cashback: Up to 2%
The fine print
- 5-tier Krak Rewards ladder, shared by both card designs and set by your 30-day average balance across Krak, Kraken and Kraken Pro: Starter 0% (under EUR/GBP 200), Lite 0.5% (200+), Pro 1% (1K+), Elite 1.5% (10K+), Max 2% (50K+)
- New cardholders get the Max tier's 2% for their first 30 days, and there is no monthly cap
- Paid in the card's primary currency (GBP or EUR) or in BTC, chosen in the Rewards hub
- No other crypto
- Travel booked through Krak Concierge earns more, but Kraken publishes two ceilings: kraken.com says "4–6% cashback at checkout" on hotels, krak.app says "Up to 4% boosted cashback on travel"
- Promo 1% flat ended March 31, 2026
- Kraken support lists five tiers and spells the second "Lite"
- The kraken.com card FAQ lists four and spells it "Light"
- KYC: Yes
- Card type: Virtual + Physical, plastic or metal
- Top up with: Crypto or fiat moved from a Kraken account into the Krak Everyday balance, or added directly in the Krak app by Apple…
Full list
- … Pay, Google Pay or bank transfer depending on region
- 600+ spendable currencies
- Available countries: United Kingdom, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany…
Full list
… Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
Who issues the Kraken Card
The Kraken Card has a different issuer depending on where you sign up. Each one is listed below with its own source.
The Kraken Card is issued by Monavate Limited + UAB Monavate, UK (FCA 901097) + Lithuania (Bank of Lithuania). The issuer is named in the source linked below. Kraken, UK and EEA. The Krak Card is the same product with a different design, per Kraken's card FAQ.
Primary source · All cards issued by Monavate Limited + UAB Monavate · Why the issuer matters
The Kraken Card is issued by Lead Bank, USA (Missouri state-chartered); program managers Bridge and Stripe. The issuer is named in the source linked below. This covers the US Krak card: its terms, dated 3 August 2026, say "The Card is issued by Lead Bank pursuant to a license from Visa U.S.A. Inc." and name Stripe, LLC as program manager.
Primary source · All cards issued by Lead Bank · Why the issuer matters
Supported cryptocurrencies
Full list
- … Pay, Google Pay or bank transfer depending on region
- 600+ spendable currencies
Pros and cons
Pros
- 600+ spendable currencies
The fine print
- 0% FX markup
- Up to 2% cashback (the full 2% for a new cardholder's first 30 days)
- Up to 6% on hotels via Krak Concierge (krak.app says up to 4%)
- Smart spend order auto-combines balances
- Salary deposits supported
- No annual maintenance fee
- Banking rails: IBAN / SEPA support
Cons
- UK and EEA only for this Mastercard (the US Krak Card is a separate Lead Bank Visa with a 1% foreign-transaction fee…)
The fine print
- … and cashback in USD or BTC)
- Conversion spread at checkout never published
- custodial
- Top cashback tier needs EUR/GBP 50,000 in combined assets
Regional availability
Available in UK, EU/EEA
The Kraken Card is available in UK, EU/EEA: United Kingdom, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland and 16 more.
Estimate your annual cost with Kraken Card
Plug in how you actually use the card. We'll combine the Kraken Card's FX fee, cashback, and annual fee with your spending pattern to estimate your real annual cost.
Estimates only. Spreads on crypto-to-fiat conversion and promotional rates may differ. See the fees table above for exact card terms.
Banking and fiat rails
Card overview
Kraken ships this card in two designs, Kraken Card and Krak Card, and they are one product: Kraken's own card FAQ says the design is the only difference, that both spend from the same Krak Everyday account, and that one rewards tier covers both. Mastercard rails with 0% FX markup.
The card pays up to 2% cashback on every purchase, in the card's primary currency (GBP or EUR) or in BTC and nothing else, but the top rate requires €/£ 50,000 in combined assets across Krak, Kraken, and Kraken Pro, and the metal card is free only at a qualifying 30-day average balance of £50,000 in the UK or €50,000 in the EEA; replacing it costs £60 or €60, against £4.99 or €4.99 for plastic.
New cardholders get that 2% for their first 30 days and there is no monthly cap; after that the balance ladder is what you get, lower tiers earn proportionally less, and the flat 1% promotional rate ended on 31 March 2026. Kraken's own copy fights itself on that ladder: support lists five tiers starting at Starter 0%, the marketing page lists four, and the two cannot agree whether the €200 tier is called "Light" or "Lite". Geography is the real constraint: this Mastercard is sold in the UK and the EU/EEA only.
Kraken now also sells a Krak Card in the US, but that is a separate programme, a Visa debit issued by Lead Bank with Stripe as programme manager and a 1% foreign-transaction fee, and this page does not cover it. The account inherits your Kraken KYC, so existing exchange users skip a step. Krak charges no ATM fee, and it publishes no spending or ATM limits: they vary by region and show only in the app.
With Stablecoin Rewards switched on, USDG held in the Krak account earns a variable 4.00%, paid weekly into the existing balance, though not in the EEA; Kraken does not say whether that USDG can be spent with the card. The real disclosure gap is the spread on crypto conversion at checkout; Kraken doesn't publish the exact rate.
- Best fit
- UK or EU residents who travel inside Europe, already use Kraken, and can hold the asset balance needed for the top cashback tier
- Wrong card if
- you wanted a published spread, published limits, or a card in the US
Common questions about the Kraken Card
We do not collect user reviews. Answers come from the card terms, the issuer disclosure and the regulator registers we could reach, rechecked on the Data verified date above.
