Terms and conditions apply. Check the full details on Krak (Kraken)'s website before signing up.
Krak (Kraken) Offer Summary
Deadline: 31/03/2026. Complete your sign-up before this date.
Scrimpr Pro Tip
Hold GBP in your Krak account rather than crypto - fiat-to-fiat spending avoids the conversion spread, so your cashback is pure profit. Even at the 0.5% base rate, this beats most free debit cards. Stack with gift card cashback for extra savings.
How To Get This Deal
Step 1 — Download the app
Get Krak free from the App Store or Google Play
Step 2 — Sign up
Create your Krak account and complete identity verification
Step 3 — Apply for the card
Tap the card section in the app to apply for your Krak Card
Step 4 — Get your virtual card
Receive your virtual card instantly and add to Apple Pay or Google Pay
Step 5 — Order physical card
Optionally order a physical card - coral, black, or stainless steel Metal Card (£50k+ balance required for Metal)
Step 6 — Top up and spend
Deposit GBP and earn cashback automatically on all eligible purchases - rate depends on your 30-day average balance
About Krak (Kraken)
Krak offers a free Mastercard debit card with tiered cashback on all eligible purchases — with no monthly cap. Your cashback rate depends on your 30-day average balance across Krak, Kraken, and Kraken Pro: from 0.5% at entry level up to 2% for balances of £50,000+. Spend from 600+ crypto and fiat assets, with no FX fees, no monthly fees, and no transaction fees. UK users receive cashback in GBP. High-balance users (£50,000+) also unlock the premium stainless steel Krak Metal Card.
Cashback Details
Stacking with Other Offers
Can stack with online cashback websites!
Qualifying Retailers
- ll eligible card purchases (excludes ATM withdrawals, refunds, transactions under £0.49, and non-purchase transactions such as money transfers or wire transfers)
Important Information
- This offer is for new customers only.
- You must be at least 18 years old and a UK resident.
- Cashback rate is tiered based on your 30-day average balance across Krak, Kraken, and Kraken Pro: 0.5% at entry level up to 2% at £50,000+. Excludes ATM withdrawals, refunds, transactions under £0.49, and non-purchase transactions. A variable spread applies when spending crypto or non-GBP assets. Metal Card requires £50,000+ average balance. Card issued by Monavate (FCA FRN 901097). Funds are not FSCS protected.
The Bottom Line
This is a good cashback debit cards available - no monthly fee, no FX fees, no cap on cashback, and even the entry-level rate of 0.5% beats a lot of debit cards. High spenders or existing Kraken users with larger balances can unlock 1.5–2%, making it seriously competitive. Pair with gift card cashback for even bigger savings.
Frequently Asked Questions
There's no charge to claim this offer. Check the terms on Krak (Kraken)'s website for any requirements you'll need to meet.
Typically Near-instant (once merchant settles the transaction). Make sure you've completed all required steps before expecting your reward.
Withdrawal terms vary. Check Krak (Kraken)'s terms and conditions for details on when and how you can access your bonus.
This offer is for new customers only. If you've previously held an account with Krak (Kraken), you're unlikely to qualify.
Terms and conditions apply. Not all applicants will qualify.
This page is for information purposes only and does not constitute financial advice. Offers are subject to availability and may be withdrawn at any time. Always verify current terms directly with Krak (Kraken).