Head to head
OKX Card vs Krak Card
Two MiCA-licensed exchange cards with no FX markup. OKX pays a flat 2% in USDG to everyone, capped at €50 a month. Krak’s rate depends on the balance you keep on Kraken, from nothing under €200 to 2% from €50,000, with no cap.
| Feature | OKX Card | Krak Card |
|---|---|---|
| Our score | 8.6 / 10 | 8.0 / 10 |
| Card type | Debit | Debit |
| Custody | Custodial | Custodial |
| Cashback | 2% (cap €50/mo) · 4–10% VIP | 0–2% by balance |
| Paid in | USDG | EUR / GBP / BTC |
| Annual fee | €0 | $0 |
| FX fee | 0% · ≤0.1% conversion | 0% (spread on crypto) |
| Availability | EU · Norway | EEA · UK |
| Net value, eurozone* | +€342/yr | +€180/yr |
| Net value, Romania* | +€342/yr | +€180/yr |
*At €1,500 a month with a typical foreign-currency share for each place (10% in the eurozone, 85% in Romania, where local lei spending counts as foreign currency). Run your own numbers.
Who wins at €500, €1,500 and €3,000 a month
Net value per year from the same calculator that powers the country pages: cashback minus FX, conversion and annual fees, with €1,000 kept on the platform for balance-based cards. Category bonuses and promotions are not counted.
| Scenario | OKX Card | Krak Card |
|---|---|---|
| Eurozone, 10% foreign · €500/mo | +€114 | +€60 |
| Eurozone, 10% foreign · €1,500/mo | +€342 | +€180 |
| Eurozone, 10% foreign · €3,000/mo | +€564 | +€360 |
| Romania, 85% foreign · €500/mo | +€114 | +€60 |
| Romania, 85% foreign · €1,500/mo | +€342 | +€180 |
| Romania, 85% foreign · €3,000/mo | +€564 | +€360 |
Where the difference comes from
For most people OKX pays more. Its 2% applies from the first euro, while Krak pays 1% only once you hold €1,000 on Kraken, 1.5% from €10,000 and 2% only from €50,000. At the calculator’s €1,000 balance, OKX earns roughly twice as much at every spend level shown above. Krak catches up in two cases: a balance of €50,000 or more, which lifts it to 2% with no monthly cap, or monthly spending above €2,500, where OKX’s €50 cap stops it.
Both add no FX markup on fiat spending, so Romania and the eurozone come out the same. Both are custodial and both are regulated: Krak under an Irish MiCA licence, OKX through a Maltese MiCA operator with a Lithuanian e-money issuer. Coverage differs. Krak serves the EEA and the UK and holds pounds natively; OKX serves the EU and Norway and not the UK. And OKX pays only on USDG-funded purchases, while Krak pays on whatever balance you spend from.
Choose OKX if…
you keep a small exchange balance and want the higher rate without parking money on the platform.
Choose Krak if…
you keep a large balance on Kraken, spend more than €2,500 a month, live in the UK, or want a sterling balance and virtual IBAN.