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The Krak Card pays up to 2% cashback in GBP on every spend, with your rates scaling depending on your cumulative account balances across Krak, Kraken and Kraken Pro.
No need to collect points, set categories or activate offers. Simply use your card at any of the 110m+ merchants globally to earn instant cashback in your local currency — with no upper limit.
Forget paid tiers and subscription fees. Your Krak Card is free and your cashback earnings are uncapped.
The rate itself is determined by the balances you hold across Krak, Kraken and Kraken Pro:
| Tier | 30-day average held (GBP) | Cashback rate |
|---|---|---|
| Tier 1 | ≥50,000 | 2% |
| Tier 2 | ≥10,000 | 1.5% |
| Tier 3 | ≥1,000 | 1% |
| Tier 4 | <1,000 | 0.5% |
Your rate adjusts based on a rolling 30-day average of your balances. Crucially, you don’t need to worry about locking up funds for them to count towards your tiers — they remain fully spendable, and can be withdrawn at any time.
Use the Krak Card for your everyday spends and watch the rewards stream in.
| With a monthly spend of... | You earn an additional... | Annually, that's... |
|---|---|---|
| £1,000 | £20 | £240 |
| £2,000 | £40 | £480 |
| £3,000 | £60 | £720 |
| £5,000 | £100 | £1,200 |
| £10,000 | £200 | £2,400 |
Groceries, bills, travel — wherever you’re spending, you’re getting rewarded for it.
The Krak Card beats every major offering in the UK market — offering unmatched, tangible and instant rewards on your everyday spending.
When it comes to UK cashback offers, none come close to Krak. While Chase is the closest competitor (the only one paying real currency), it covers only a limited number of spending categories. Even then, it caps at £15/mo — a number earned with a mere £750 spend on Krak’s highest cashback tier.
Points can lose value, expire and lock you into the issuer’s closed ecosystem (though they can sometimes be swapped for other points). Additionally, they require further steps on your part to become usable — i.e., via a portal where you can redeem them or cash them out.
With Krak, you get your rewards in the most usable form possible: they’re credited straight to your account, ready to spend, save or invest however you choose.
1Chase (March 2026)
2Monzo (March 2026)
3Revolut (March 2026)
Krak Card is issued by Monavate Limited, authorised by the FCA to issue electronic money and payment services (FRN: 901097). Payward Services Limited is authorised by the FCA to carry on electronic money activities and payment services under the E-Money Regulations 2011 (FRN: 1010381). Cryptoasset exchange and custody services are offered by Payward Ltd, registered as a cryptoasset firm with the FCA (FRN: 928768). These services are unregulated and not covered by the Financial Services Compensation Scheme. Cryptoasset values can go down as well as up and gains may be subject to Capital Gains Tax. This content is for general information only and is not investment advice or a recommendation to buy, sell, stake or hold any cryptoasset.
Rate depends on average assets held with Krak, Kraken and Kraken Pro. T&Cs apply. See Support Center for more info.
Spending crypto may be a taxable event, as conversion to fiat can create capital gains or losses. Consult a tax advisor for your individual circumstances. Learn more.
Cashback is generally not taxable. Consult a tax advisor for your circumstances. Learn more.
Availability varies by jurisdiction. A variable spread applies when spending across assets. Third-party ATM fees may apply.
Geo restrictions apply. Krak Concierge processes bookings via Entravel Holdings Ltd. (“EH”). Krak is not a travel agent and the merchant of record for bookings. Prices, taxes and fees are set by the provider. Cancellations/refunds follow the hotel and/or EH policy. Instant buy/sell fees apply and are shown when converting one asset or currency before making a transfer. See our fee schedule for details. Krak may receive a commission from EH on completed stays.
