US Krak Card Referral Program
BY PARTICIPATING IN THIS PROMOTION, YOU AGREE TO THESE PLAN-SPECIFIC TERMS AND THE General Terms & Conditions, WHICH ARE INCLUSIVE OF THE GENERAL KRAKEN REFERRAL TERMS AND CONDITIONS (together, the “RULES”).
The General Terms & Conditions, and the Krak Card and related services, continue to be provided and governed by the applicable Krak Debit Card Services Terms and Cardholder Agreement.
1. Promotion
“Promotion” means the specific Krak Card referral offer made available by Kraken from time to time, as further described in the applicable referral link, landing page, email, in-app notification, or other promotional materials (the “Promotion Details”). The Promotion Details will specify the applicable reward(s), qualifying criteria thresholds, Criteria Completion Window, any Vault Hold Period, any Reward Withdrawal Hold Period, and any excluded Merchant Category Codes.
2. Eligible Areas
This Promotion is open to eligible Krak account holders residing in the United States (“US”) where the Promotion is made available by Kraken. Kraken may extend or restrict availability to additional jurisdictions at any time. Where different qualifying criteria apply by region, the applicable requirements will be specified in the Promotion Details.
3. How to Participate
To qualify for a Krak Card Referral Reward, participants must meet all requirements set out below and in the Promotion Details during the Criteria Completion Window.
4. Referrer Requirements
Referrers must adhere to the Referrer Requirements as outlined in the Official Terms and Conditions above and must hold an active Krak account in an Eligible Area.
5. Referee (New User) Requirements
Referees must adhere to the Referee Requirements as outlined in the Official Terms and Conditions above and must additionally:
Complete the minimum number of Qualifying Card Transactions at the minimum individual or aggregate transaction value, as specified in the Promotion Details.
All criteria must be completed within the Criteria Completion Window.
6. Qualifying Card Transactions
“Qualifying Card Transaction” means a card transaction completed using the Referee’s Krak Card, excluding:
Transactions classified under the following Merchant Category Codes (MCCs):
Cash and money equivalents — cash withdrawals (ATM and manual), wire transfers, money orders, and quasi-cash transactions.
Gift cards and prepaid products — purchases at gift card shops or any transaction identified as a gift card or prepaid product proxy.
Financial products — securities, insurance premiums, insurance sales, and money transfer services (including Mastercard Moneysend, domestic and international).
Gambling — betting, casinos, lotteries, slot machines, and video gaming establishments.
Government payments — tax payments, fines, and other government services.
Transactions that are reversed, refunded, or otherwise cancelled; and
Any transaction otherwise designated as ineligible in the Promotion Details.
The list of excluded MCCs may be updated from time to time.
7. Rewards
Each eligible Referrer and/or Referee will receive the reward specified in the Promotion Details. Rewards may include cryptocurrency or other incentives. Unless expressly stated otherwise:
Rewards are non-transferable;
Rewards are non-exchangeable;
Rewards may not be redeemed for cash.
8. Reward Withdrawal Hold
Where specified in the Promotion Details, a Reward Withdrawal Hold Period may apply. During the Reward Withdrawal Hold Period, a participant who has received a reward will not be able to withdraw that reward from their Krak account. The Reward Withdrawal Hold Period, if any, will commence upon credit of the reward to the participant’s account.
9. Reward Issuance
Rewards, if any, will be credited only after all qualifying criteria have been met, verified, and approved by Kraken. Rewards are not vested, earned, or guaranteed until actually credited to the participant’s Krak account. Kraken may withhold, delay, cancel, or reverse any reward if it determines, in its sole discretion, that the participant is ineligible or has engaged in conduct prohibited by these Rules, the General Kraken Referral Terms, or the Kraken Terms of Service. Accounts must be active, verified, and in good standing at the time of issuance. Kraken may request additional verification documentation.
10. Eligibility to Participate in the Promotion
As set forth in the General Kraken Referral Terms and Conditions.
11. Disqualification
Kraken may disqualify participants for violations of these Rules or prohibited conduct as set out in the General Kraken Referral Terms and Conditions.
12. Consents, Disclaimers, Limitation of Liability, Taxes, and Governing Law
All such provisions apply as set forth and defined in the Kraken Referral Plans Terms and Conditions.
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.