Krak Card Cashback Overview

What is card cashback?

Eligible cardholders can earn cashback on eligible purchases made with their physical or virtual card. Your cashback rate is based on your Rewards tier at the time the merchant finalizes the transaction, not when you make the purchase.

For example, if you are on a 1% tier when you authorize a transaction but on a 2% tier when it finalizes, you receive 2%. Equally, if you move to a 0% tier when it finalizes, you receive 0%.

Rewards tiers — US

Your cashback rate is based on your Rewards tier, which is set by your average 30-day balance across Krak, Kraken and Kraken Pro, assessed once daily. The program targets cashback of up to 2% on eligible purchases.

Tier

30-Day Average Assets Held (USD)

Cashback Rate

Tier 1

≥ 50,000

2%

Tier 2

≥ 10,000

1.5%

Tier 3

≥ 1,000

1%

Tier 4

≥ 200

0.5%

Tier 5

< 200

0%

New cardholders receive top-tier rewards for their first 30 days after opening a Krak account; after that your tier is recalculated from your 30-day rolling average.

US cashback payout

You can choose to receive cashback in USD or BTC at launch; rewards are paid in your chosen currency. Cashback is locked in at merchant settlement, not at authorization.

What is the 30-day average balance?

Your 30-day average balance is the average balance of your account across Krak, Kraken and Kraken Pro over the last 30 days, calculated once daily. We use a 30-day average rather than your live balance to keep Rewards stable and predictable. You can find this balance in your Rewards hub.

How do deposits affect it?

When you deposit, the amount is spread evenly across 30 days, so your average rises gradually rather than instantly. For example, if your 30-day average is $1,000 and you deposit $300, your average rises by $10 today to $1,010, reaching about $1,150 at day 15 and $1,300 at day 30 with no other changes.

Cashback is made available once the merchant finalizes the transaction, which typically happens within 24 hours but can take longer. Until then it shows as pending. Finalization is controlled by the merchant; Krak has no influence over it.

All eligible cardholders are automatically enrolled — there is no subscription or opt-in. Your rate depends on your balance at settlement. Not all tiers earn cashback (for example, the Starter tier earns 0%).

You earn cashback on all eligible card purchases. The exceptions are:

  • ATM withdrawals
  • Refunds
  • Reversals and canceled transactions
  • Chargebacks
  • Transactions under $0.49
  • Non-purchase transactions, such as funding transactions, money transfers or wire transfers

There are currently no monthly caps or earning limits.

Yes. Cashback can be paid in USD or BTC. If you select BTC, your cashback is converted at the BTC price when the merchant finalizes the transaction, not when you made the purchase — so the value you receive in BTC could go up or down.

Activity feed: every eligible transaction shows its cashback amount, marked pending until it settles.

Rewards hub: a full breakdown of lifetime earnings and recent rewards.

Tax treatment of rewards varies by region. Please seek independent tax advice. See the US Tax FAQs article for more detail.

Krak debit card is issued by Lead Bank pursuant to a license from Visa U.S.A. Inc. Krak is a financial technology company, not a bank. Account balances are not FDIC- or SIPC-insured. Digital assets converted to USD at purchase; values may fluctuate. Available to eligible U.S. residents only; not available in all states. See terms.

Kraken may adjust its deposit and withdrawal fees in response to changes in the underlying costs, market conditions, or user activity. Clients are encouraged to review the account deposit or withdrawal page on Kraken’s website and app for the most current information regarding deposit and withdrawal fees. Variable spread may apply when spending, FX fees apply, and third-party fees may apply at ATMs. See Pricing for details.

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.

Rate depends on average balance.Terms and conditions apply. See Support Center for more info.

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