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

See how Krak Card stacks up against the PayPal debit card on FX fees, cashback, and everyday spending

Feature comparison

The table below provides a side-by-side look at the core features of each card.
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Krak Card
PayPal logo
PayPal
Monthly fee
Free
Free
Cashback rewards
Up to 2%1
PayPal+ points offer equivalent of ~1%
Salary match
Yes, up to 1%2
Number of supported assets
150+
GBP only
(PayPal balance)
Apple Pay / Google Pay
ATM withdrawals
Free worldwide3
£2.50 fee at non-MoneyPass ATMs + 2.5% FTF5
FX rate
Mastercard rate
~0.2–1.5%4
Mastercard rate
~0.2–1.5%+ 2.5% FX fee
Premium/Metal tier
Metal Card available
(avg £50,000 in combined assets)
Best for
Cashback seekers and zero-fee international spenders
PayPal-ecosystem buyers and online shoppers

Krak Card vs PayPal debit card:
who is cheaper?

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
PayPal logo
PayPal
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
Earning while you spend at zero cost
Fee-free domestic and online PayPal spending
Planning to send money abroad? Read our comparison of the best international money transfer services and learn more about international transactions.

Spending £1,500 abroad? Here's what it gets you.

Krak Logo

£1,500 will get you

€1,763

Up to €44 more

PayPal

£1,500 will get you

€1,719

Data as of March 2026

€44 less

Cashback and rewards comparison

Rewards are where Krak Card and PayPal’s debit card differ most. The table below details how their programs stack up.
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Krak Card
PayPal logo
PayPal
Cashback support
Cashback rate
Up to 2%
Cashback currency
GBP
Subscription required for cashback
N/A
Cashback payout destination
Krak account balance
N/A
Cashback payout timing
Instant at settlement
N/A
Monthly spend example
£2,000 spend = up to £40 cashback
Max £1,500 spend = £15 cashback
Best for
Earning instant cashback on daily purchases
Users who don’t prioritize cashback

Real-world example: If you spend £2,000 a month on groceries, transport, and bills, Krak Card puts up to £40 straight back into your account every month — that’s a possible £480 per year.

With PayPal’s Debit Card, you’d earn PayPal+ points instead of cash. At the base tier, those points are worth roughly 1p each, but you need to spend at least £25,000 through PayPal to reach the Gold tier where point value increases. Krak Card’s cashback is immediate, automatic, and paid in real currency.

Monthly cashback simulator

At

Krak Card

PayPal

1 month

£40.00

£0.00

6 months

£240.00

£0.00

1 year

£480.00

£0.00

Apply for Krak Card

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.6
Best for cashback
Krak Card. With up to 2% cashback on eligible purchases and no monthly cap, it’s one of the most rewarding debit cards available in the UK.
Best for salary match
Krak. You can receive up to 1% match when you deposit your salary in Krak.
Best for everyday spending
Krak Card. PayPal doesn’t offer native cashback, so Krak Card is the clear winner for anyone who wants to earn on every purchase.
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Krak Card vs PayPal debit card

Which card is better for UK customers?

Both cards have their strengths, depending on how you spend. If instant, real cashback, low fees and salary match matter most, Krak Card delivers more value.
International spending
dot
Cashback
dot

Salary match

Reserve your card

Which card is better for UK customers?

Both cards have their strengths, depending on how you spend. If instant, real cashback, low fees and salary match matter most, Krak Card delivers more value.
dot
International spending
dot
Cashback
dot
Salary match

FAQs

Yes. Krak Card offers up to 2% cashback on eligible purchases paid directly in GBP, and free ATM withdrawals worldwide.

Both cards offer strong security features, including real-time notifications, in-app card controls, and fraud monitoring. Krak Card provides 24/7 in-app support and instant card freeze/unfreeze controls.

If you frequently use PayPal checkout, the PayPal Debit Card integrates seamlessly with your balance and offers buyer protection. If you shop at a wider range of retailers and want cashback on every purchases, Krak Card’s potential 2% rewards and universal Mastercard acceptance make it the stronger choice.

Yes. Both Krak Card and the PayPal Debit Card support Apple Pay and Google Pay, so you can add either card to your mobile wallet and tap to pay in stores and online.

Free your money.
Get Krak.

Scan to apply for your 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.
1Rate depends on average assets held with Krak, Kraken and Kraken Pro. apply. See for more info.
2Eligible 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.
3Krak: Based on calculations from across currency pairs (25 March 2026). Rate varies depending on currencies and time.
4A variable spread applies when spending across assets. Third-party ATM fees may apply.
52.5% international transaction fee applies to international withdrawals, plus potential ATM operator surcharges. £350 daily limit.
6Geo 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.