Yearly cost at three spending levels
| Monthly spend | Krak | CL Card |
|---|---|---|
| $500 | ≤ -$12 Starter | -$142.15 Standard |
| $2,000 | ≤ -$48 Starter | -$322.15 Standard |
| $5,000 | ≤ -$120 Starter | -$682.15 Standard |
Net value per year: cashback minus conversion, FX, ATM and fixed fees. US dollars, 20% foreign spending, one $200 ATM withdrawal a month. The card cost calculator runs the same comparison with your own habits.
Where the money goes at $2,000 a month
| Line | Krak Starter | CL Card Standard |
|---|---|---|
| Top-up and conversion fees | Not disclosed | -$528 |
| Spending fees | $0 | $0 |
| Foreign exchange markup | -$48 | $0 |
| ATM fees | Not disclosed | -$34.15 |
| Annual, monthly and subscription fees | $0 | $0 |
| Cashback | $0 | +$240 |
| Net per year | -$48 | -$322.15 |
Fees
Krak charges Not disclosed to convert or top up and 1% on spending in a foreign currency. CL Card charges 2% and 0%.
ATM withdrawals: Krak no card fee; CL Card €2.50.
A virtual card costs nothing with Krak and nothing with CL Card. A physical card costs nothing and an undisclosed fee. Neither card has an annual fee on its base tier.
Cashback and rewards
Krak cashback: 0% to 2%. CL Card cashback: 1% to 2%.
Krak tiers: Starter: 0%; Lite: 0.5%; Pro: 1%; Elite: 1.5%; Max: 2%.
CL Card tiers: Standard: 1%; BXX rewards: 2%.
Krak: The cashback rate depends on your 30-day average assets held with Krak, Kraken and Kraken Pro.
CL Card: Ledger's page says "1% cashback in BTC, USDC, or USDT" (BTC or USDC in the US, BTC or USDT elsewhere), claimed from the Loyalty program page. CL's own FAQ also offers 2% if you take the reward in Baanx's BXX token. Spending funded by the Cryptodraft credit line earns nothing. No spend or reward cap is published.
Availability and KYC
Krak is offered in one country, including United States. Available in all US states except New York, Maine, Massachusetts and Indiana. Krak publishes separate EEA and UK cards with different fees.
CL Card is offered in 37 countries, including France, Germany, Ireland, Italy, Netherlands, Portugal, Spain, United Kingdom, United States and Canada. Ledger says "The CL Card is currently available in the EEA, the UK, the US, Canada, Switzerland, Colombia, Mexico, and Brazil." This file uses the EU fee schedule. You do not need a Ledger device to get the card.
Krak needs full KYC and CL Card needs full KYC.
The card finder checks both cards against your country, KYC level and must-have features.
Limits, wallets and card types
Krak does not publish fixed spending or ATM limits.
CL Card does not publish fixed spending or ATM limits.
Krak works with Apple Pay and Google Pay, and CL Card works with Apple Pay and Google Pay. Krak and CL Card issue a virtual card you can use straight away.
Custody and safety
Krak scores 66/100. Licensing: issued by a bank or e-money institution regulated in a tier-one jurisdiction. The card is issued through Lead Bank. 2024-12-12: An Australian court ordered Bit Trade Pty Ltd, Kraken's Australian operator, to pay AUD 8 million after an ASIC action over a margin product offered without a target market determination. Krak says account balances are not a deposit account and are not FDIC- or SIPC-insured. Kraken, Krak's parent, publishes a proof of reserves; the latest is dated 30 June 2026.
CL Card scores 64/100. Licensing: issued by a bank or e-money institution regulated in a tier-one jurisdiction. The card is issued through UAB Monavate. No incidents or enforcement actions found in the last 36 months. Only money loaded to the card as e-money is safeguarded under e-money rules. Crypto deposited to the CL platform becomes Baanx's property, and Baanx's terms warn that "in the event that any of Us becomes insolvent ... You may not be able to have the full value of Your deposits restored". Baanx describes its crypto services as "not regulated financial services". We could not find a published proof-of-reserves report. We found no official enforcement actions against the card providers. Ledger's own past security incidents are not listed, because Ledger does not provide or hold funds for the card.
Full reports: Krak safety check and CL Card safety check.
About each card
Krak Card (US) is a custodial Visa card from Krak (Payward Interactive, Inc.). It tops up with USD, USDC, USDT, BTC and ETH.
Ledger CL Card (Europe) is a custodial Visa card from Baanx (CL Card), card account by UAB Monavate. It tops up with BTC, ETH, USDT, USDC, LTC, XRP and SOL and its balance is held in EUR.
Which card fits you
Krak fits if
- You live in United States, the only market it serves.
- You weigh licensing and fund segregation heavily, since it scores higher on our safety check.
CL Card fits if
- You spend in foreign currencies often, since its FX markup is lower.
- Most of your spending is in your home currency, where its lower conversion fee counts most.
Read more: Krak fees and details · CL Card fees and details