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Krak Card vs Chase Bank debit card: fees, cashback & rewards compared

See how Krak Card stacks up against the Chase Bank debit card on FX fees, cashback, and everyday spending
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Feature comparison

The table below provides a side-by-side overview of key features across the Krak Card and the Chase Bank debit card, including fees, rewards, and payment flexibility.
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Krak Card
Chase logo
Chase
Monthly fee
Free
Free
Cashback rewards
Yes, up to 2%1
1% on groceries, transport & fuel
(max £15/month)
Salary match
Yes, up to 1%2
Number of supported assets
150+
GBP only
Apple Pay / Google Pay
ATM withdrawals
Free worldwide3
Free worldwide
(third-party fees may apply)
FX rate
Mastercard rate
~0.2–1.5%1
Mastercard rate
~0.2–1.5%
Premium/Metal tier
Metal Card available
(avg £50,000 in combined assets)
Best for
Spenders seeking instant cashback
UK-only spenders focused on groceries & fuel
Both cards work on the Mastercard network, so acceptance is similar across the UK and internationally. The Krak Card stands out with industry-leading cashback, while the Chase card appeals to customers who want a simple, exchange-free spending experience alongside a competitive savings account. If you need to send money abroad, Krak also supports instant international money transfers through the app.
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Krak Card vs Chase Bank debit card:
who is cheaper?

Fees can quietly drain your spending power. The table below details how the two cards compare on the costs that affect your bottom line, from foreign exchange charges to monthly subscriptions.
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Krak Card
Chase logo
Chase
Monthly fees
Free
Free
FX fees
FX fees on card payments
Mastercard rate
0.2–1.5%1
Mastercard rate
0.2–1.5%
Exchange rate transparency
Available in app
Available in app
Best for
Fee-free spending at home and abroad
Simple fee-free spending

Neither Krak Card or Chase Bank’s debit card charge a monthly fee or foreign transaction fees, making both solid choices for everyday use. The key difference is flexibility. 

The Krak Card lets you pay from a range of currencies, while Chase is limited to a GBP-only balance. For travelers spending in multiple currencies, the Krak Card’s approach can remove the need to hold separate accounts.

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Cashback and rewards comparison

Cashback sounds straightforward, but the structure behind each card’s reward program determines how much you actually earn. The table below is a detailed comparison of how each card handles rewards.
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Krak Card
Chase logo
Chase
Cashback support
Yes
Limited to: groceries, transport & fuel
Cashback rate
Up to 2%
1%
Cashback currency
GBP
GBP
Subscription required for cashback
Cashback payout destination
Krak account balance
Chase rewards balance
Cashback payout timing
Instant at settlement
Instant at settlement
Monthly spend example
£2,000 spend = up to £40 cashback
Max £1,500 spend = £15 cashback
Best for
Maximum earnings across all spending
Automated savings on everyday essentials

Cashback example: If you spend £2,000 per month, the Krak Card returns up to £40 in cashback with no cap or category restrictions. Under Chase’s current terms, only spending on groceries, everyday transport, and fuel qualifies, capped at £15 per month

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Monthly cashback simulator

At

Krak Card

Chase

1 month

£40.00

£0.00

6 months

£240.00

£0.00

1 year

£480.00

£0.00

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At a glance

Find out which card is better suited to your specific needs using the table below.
The bottom line
The bottom line
Best for international spending
Krak Card. No FX fees and global ATM withdrawals with no Krak fees make it the stronger choice for travel. Krak Concierge boosts travel cashback to 4% via the card and 6% via the app, with up to 60% discount on hotel bookings.5
Best for cashback
Krak Card. Up to 2% cashback across all eligible purchases beats Chase’s category-restricted, £15-per-month cap.
Best for salary match
Krak. You can receive up to 1% match when you deposit your salary in Krak.
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Krak Card vs Chase Bank debit card

Which card is better for UK customers?

Both cards serve UK customers well, but they suit different spending styles. Chase remains a strong option for customers who prefer a traditional digital banking experience. But the Krak Card offers more value for UK customers who want instant cashback, salary match and zero-fee payments.
International spending
dot
Cashback
dot

Salary match

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Which card is better for UK customers?

Both cards serve UK customers well, but they suit different spending styles. Chase remains a strong option for customers who prefer a traditional digital banking experience. But the Krak Card offers more value for UK customers who want instant cashback, salary match and zero-fee payments.
dot
International spending
dot
Cashback
dot
Salary match
Reserve your card

FAQs

Yes. Both cards run on the Mastercard network, so they are accepted at the same 110 million+ merchants worldwide. Anywhere you can use a Chase debit card, you can use the Krak Card.

The Krak Card offers up to 2% cashback on all eligible purchases with no monthly cap. Chase pays 1% on groceries, everyday transport, and fuel, with a maximum of £15 per month. For most spending patterns, the Krak Card returns more.

The Krak Card suits long-term use if you want uncapped cashback, multi-asset flexibility, and fee-free international spending. Chase is a better fit if you value a traditional savings account with competitive interest rates alongside your everyday spending card.

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Not investment advice. Crypto trading involves risk of loss. 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.
1 Krak: Based on calculations from across currency pairs (25 March 2026). Rate varies depending on currencies and time.
2 Rate depends on average assets held with Krak, Kraken and Kraken Pro. apply. See for more info.
3 Eligible clients in the UK only. T&Cs apply. Min. cumulative transfer(s) of £2,500 (max 4 payments) from employer payroll; exclusions apply. Rewards credited monthly as determined by Krak; max £250/month. 1% promotional rate not guaranteed; applies until 01/05/26, then depends on average assets held with Krak, Kraken and Kraken Pro. Kraken may amend, suspend, or end the promotion. Tax may apply. E-money services are not protected under the Financial Services Compensation Scheme. Reward value may fluctuate if held or converted into other assets.
4 A variable spread applies when spending across assets. Third-party ATM fees may apply.
5 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. Seeour fee schedule for details. Krak may receive a commission from EH on completed stays.