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Krak Card vs Chase Bank debit card: fees, cashback & rewards compared

See how Krak Card stacks up against the Chase Bank debit card on FX fees, cashback, and everyday spending
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Feature comparison

The table below provides a side-by-side overview of key features across the Krak Card and the Chase Bank debit card, including fees, rewards, and payment flexibility.
Krak Logo
Krak Card
Chase logo
Chase
Monthly fee
Free
Free
Cashback rewards
Up to 2%
Up to 2%
Categories
All card spends, except ATM withdrawals, refunds and returns
Limited to groceries, restaurants & cafés, takeaways, everyday transport, fuel & public EV charging
Cashback Limits
Unlimited
max £20/month.
Cashback eligibility
Cashback eligibility is based on your 30-day average assets held, with higher balances unlocking higher cashback rates. You can find the cashback tiers here
15+ payments per month using your debit or credit card and/or Direct Debits and maintain £1,000+ across your savers (excluding round-up accounts).
Cashback Payout
On transaction settlement
Monthly
Salary match
Yes, up to 1%2
Number of supported assets
150+
GBP only
Apple Pay / Google Pay
ATM withdrawals
Free worldwide3
Free worldwide
(third-party fees may apply)
FX rate
Mastercard rate
~0.2–1.5%1
Mastercard rate
~0.2–1.5%
Premium/Metal tier
Metal Card available
(avg £50,000 in combined assets)
Best for
Spenders seeking instant cashback
Qualifying UK customers with eligible spending in selected food & everyday transport categories
Both cards work on the Mastercard network, so acceptance is similar across the UK and internationally. The Krak Card stands out with no frills cashback, while the Chase card appeals to customers who are willing to go an extra mile to unlock rewards
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Krak Card vs Chase Bank debit card:
who is cheaper?

Fees can quietly drain your spending power. The table below details how the two cards compare on the costs that affect your bottom line, from foreign exchange charges to monthly subscriptions.
Krak Logo
Krak Card
Chase logo
Chase
Monthly fees
Free
Free
FX fees
FX fees on card payments
Mastercard rate
0.2–1.5%1
Mastercard rate
0.2–1.5%
Exchange rate transparency
Available in app
Available in app
Best for
Fee-free spending at home and abroad
Simple fee-free spending
Both cards work on the Mastercard network, so acceptance is similar across the UK and internationally. The Krak Card offers uncapped cashback across all card spend, while Chase offers 2% in selected categories, capped at £20/month and subject to qualification criteria (including a Chase current and saver account).
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Cashback and rewards comparison

Cashback sounds straightforward, but the structure behind each card’s reward program determines how much you actually earn. The table below is a detailed comparison of how each card handles rewards.
Krak Logo
Krak Card
Chase logo
Chase
Cashback support
Yes
Limited to: groceries, restaurants & cafés, takeaways, transport, fuel & public EV charging
Cashback rate
Up to 2%
Up to 2%
Cashback currency
GBP
GBP
Subscription required for cashback
Cashback payout destination
Krak account balance
Chase rewards balance
Cashback payout timing
Instant at settlement
After the eligible payment clears; earning eligibility is based on the previous month’s qualification
Monthly spend example
£2,000 spend = up to £40 cashback
Max £1,000 eligible spend = £20 maximum cashback
Best for
Maximum earnings across all spending
Automated savings on everyday essentials

Cashback example: If you spend £2,000 per month, the Krak Card returns up to £40 in cashback with no cap or category restrictions. A qualifying Chase customer receives a maximum of £20, because cashback is capped after £1,000 of eligible spend.

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Monthly cashback simulator

At

Krak Card

Chase

1 month

£40.00

£20.00

6 months

£240.00

£120.00

1 year

£480.00

£240.00

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At a glance

Find out which card is better suited to your specific needs using the table below.
The bottom line
The bottom line
Best for international spending
Krak Card. No FX fees and global ATM withdrawals with no Krak fees make it the stronger choice for travel. Krak Concierge boosts travel cashback to 4% via the card and 6% via the app, with up to 60% discount on hotel bookings.5
Best for cashback
Krak Card. Krak offers broader, uncapped rewards. Chase now matches the 2% headline rate but restricts cashback to qualifying categories, caps it at £20/month, and requires a Chase current and saver account with monthly qualification.
Best for salary match
Krak. You can receive up to 1% match when you deposit your salary in Krak.
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Krak Card vs Chase Bank debit card

Which card is better for UK customers?

Both cards serve UK customers well, but they suit different spending styles. Chase remains a strong option for customers who prefer a traditional digital banking experience. But the Krak Card offers more value for UK customers who want instant cashback, salary match and zero-fee payments.
International spending
dot
Cashback
dot

Salary match

Reserve your card

Which card is better for UK customers?

Both cards serve UK customers well, but they suit different spending styles. Chase remains a strong option for customers who prefer a traditional digital banking experience. But the Krak Card offers more value for UK customers who want instant cashback, salary match and zero-fee payments.
dot
International spending
dot
Cashback
dot
Salary match
Reserve your card

How Krak Card stacks up

See how Krak Card compares to the UK's most popular banking and payment cards on fees, rewards, and features.
Revolut logo

Zero FX fees vs Revolut’s weekend FX surcharge

Krak vs Revolut
Monzo Logo

No FX fees vs Monzo’s free-tier limits

Krak vs Monzo
Starling logo

2% cashback vs Starling’s limited offer

Krak vs Starling
PayPal Logo

Lower conversion fees vs PayPal’s FX markup

Krak vs PayPal
Wise logo

2% cashback vs Wise’s no cashback

Krak vs Wise
Barclays logo

No annual fees vs Barclays’ premium cards

Krak vs Barclays
HSBC logo

Better FX rates vs HSBC’s non-premier tiers

Krak vs HSBC

FAQs

Yes. Both cards run on the Mastercard network, so they are accepted at the same 110 million+ merchants worldwide. Anywhere you can use a Chase debit card, you can use the Krak Card.

The Krak Card offers up to 2% cashback on all eligible purchases with no monthly cap. Chase offers 2% in selected categories (groceries, restaurants & cafés, takeaways, transport, fuel and public EV charging), capped at £20/month, and requires a Chase current and saver account plus monthly qualification (15+ payments and £1,000+ held in Chase saver accounts).

The Krak Card suits long-term use if you want uncapped cashback, multi-asset flexibility, and fee-free international spending. Chase is a better fit if you value a traditional savings account with competitive interest rates alongside your everyday spending card.

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Not investment advice. Crypto trading involves risk of loss. Krak Card is issued by Monavate Limited, authorised by the FCA to issue electronic money and payment services (FRN: 901097). Payward Services Limited is authorised by the FCA to carry on electronic money activities and payment services under the E-Money Regulations 2011 (FRN: 1010381). Cryptoasset exchange and custody services are offered by Payward Ltd, registered as a cryptoasset firm with the FCA (FRN: 928768). These services are unregulated and not covered by the Financial Services Compensation Scheme. Cryptoasset values can go down as well as up and gains may be subject to Capital Gains Tax. This content is for general information only and is not investment advice or a recommendation to buy, sell, stake or hold any cryptoasset.
1 Krak: Based on calculations from Mastercard's calculator across currency pairs (25 March 2026). Rate varies depending on currencies and time.
2 Rate depends on average assets held with Krak, Kraken and Kraken Pro. T&Cs apply. See Support Center for more info.
3 Eligible clients in the UK only. T&Cs apply. Min. cumulative transfer(s) of £2,500 (max 4 payments) from employer payroll; exclusions apply. Rewards credited monthly as determined by Krak; max £250/month. 1% promotional rate not guaranteed; applies until 01/05/26, then depends on average assets held with Krak, Kraken and Kraken Pro. Kraken may amend, suspend, or end the promotion. Tax may apply. E-money services are not protected under the Financial Services Compensation Scheme. Reward value may fluctuate if held or converted into other assets.
4 A variable spread applies when spending across assets. Third-party ATM fees may apply.
5 Geo restrictions apply. Krak Concierge processes bookings via Entravel Holdings Ltd. (“EH”). Krak is not a travel agent and the merchant of record for bookings. Prices, taxes and fees are set by the provider. Cancellations/refunds follow the hotel and/or EH policy. Instant buy/sell fees apply and are shown when converting one asset or currency before making a transfer. See our fee schedule for details. Krak may receive a commission from EH on completed stays.