Kraken introduces the metal Krak card with 2% moneyback

New moneyback rules. You earn for what you keep in your account

Instead of requiring the purchase of paid subscriptions, taking out loans or meeting complicated transaction conditions, Krak focuses on simplicity^{. The amount of return on everyday purchases now directly depends on the user’s involvement in the exchange ecosystem.}

• The system is based on the customer’s average balance over the last 30 days, counting funds held jointly on the Krak, Kraken and Kraken Pro platforms.
• Users with smaller amounts on their account (up to EUR 200) can count on a base return of 0.5%.
• In turn, top tier/tier customers with a minimum balance of EUR or GBP 50,000 receive a full 2% moneyback.

Your money should grow automatically. We make returns easily accessible with a moneyback feature that grows with you. We are thus setting a new standard for financial applications for everyday spending.

– says Kamo Asatryan, Chief Data Officer and Global Head of Consumer at Kraken.

The metal card is the next step in the platform’s expansion after the successful debut of the plastic Coral and Black variants, which sold over 60,000 pieces in less than four months. The new stainless steel Mastercard is now available for Polish users. To receive it, you must meet the condition of maintaining an average balance of EUR 50,000 or GBP.

The most important features of the Krak Metal card:

• No fees: Customers can pay using over 600 supported cryptocurrencies and traditional currencies (fiat) without incurring fees for currency conversion or ATM withdrawals.
• Smart transaction financing: Instead of manual conversion before purchase, Payward’s infrastructure allows funds to be automatically withdrawn based on user preferences. The system will “collect” the required amount itself from the selected cryptocurrency balances, deliberately omitting assets that the investor has excluded from daily payments (so-called long-term hold).
• Global coverage: The card uses the Mastercard network, providing flexibility and the ability to pay anywhere in the world. As Christian Rau from Mastercard points out, this partnership combines digital innovations with a trusted global payment network.

By strengthening our cooperation with Kraken by introducing the Krak Metal Card, we enable more people to easily use cryptocurrencies in their everyday lives, combining innovative digital solutions with a trusted global payment network.

– said Christian Rau, Senior Vice President, Global Digital Commercialization at Mastercard.

Krak Concierge – book hotels and receive up to 6% cashback