Krak Debit Card Rewards Users with Cash or Bitcoin

The New Card, Explained

Rewards cards have always had a catch. The best ones usually ask you to borrow money, carry a balance, or pay fees to make the points worth your time.

Krak wants to flip that deal.

Rewards are paid as actual money, not points.

The card debuted Aug 18, 2026.

You can also pick which assets get spent first and split a single purchase across several balances.

A New Kind of Rivalry

Kraken has been around since 2011 and is one of the biggest crypto exchanges in the world. Its usual clientele has been large financial institutions, seasoned traders, and those who use leverage, not casual shoppers.

It has also been rebuilding its app with new automated trading features to reach a wider audience.

If rewards cards like this make you want to earn more on everyday spending, grab the free Always Be Buying eBook.

The card takes that push much further. It puts Krak directly against Block's CashApp, PayPal's Venmo, SoFi, Robinhood, and Chime in the race to become the place where people keep and spend their everyday money.

Crypto is becoming more embedded in mainstream finance. Coinbase has claimed the role of gateway to crypto, while Robinhood has claimed the gateway to broader investing.