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Ethena Pay vs Krak Card

Ethena Pay scores higher on the G2M score: 83/100 against 60/100 (#1 and #18 of 26 cards). Ethena Pay also comes out ahead on cashback, more countries and control of your funds.

Ethena Pay83

#1 of 26 · 4% to 5% back · annual fee none

Get EthenaRead the review
Krak Card60

#18 of 26 · Up to 2% back · annual fee none

Get KrakenRead the review

The short answer

  • Ethena Pay scores higher on the G2M score: 83/100 against 60/100 (#1 and #18 of 26 cards).
  • Ethena Pay pays 4% cashback on its entry tier; Krak Card does not publish a rate. Higher tiers go up to 5% on Ethena Pay and 2% on Krak Card.
  • Neither card has an annual fee.
  • Both charge a 1% FX fee on foreign currency.
  • Ethena Pay is confirmed in more countries: 48 against 32. Of the markets we check for every card, only Ethena Pay is confirmed in UAE, and only Krak Card is confirmed in United States, United Kingdom and EU / EEA.
  • Ethena Pay is self-custodial; Krak Card is custodial.

Want the answer for your own spending, or the next tier up of each? See what each keeps you a year or pick tiers and add a third card.

Side by side

Detail
Ethena Pay
Krak Card
G2M score
83 (better)
60
Base cashback
4%
Not published
Max cashback
5% (better)
2%
Paid in
AVAX, daily
Not published
Annual fee
Free
Free
FX fee
1%
1%
Top-up fee
0%
0%
Per-purchase fee
None listed
None listed
ATM
$1 + 0.65% per withdrawal
Supported; fees not published
Network
Visa
Visa / Mastercard
Card type
Spend
Debit
Custody
Self-custodial
Custodial
Formats
virtual
virtual, physical
Apple / Google Pay
Yes / Yes
Yes / Yes
India
No
No
UAE
Yes
No
United States
No
Yes
United Kingdom
No
Yes
EU / EEA
No
Yes
Countries
48
32
Bank account (IBAN or account number)
In your name
In your name
Send money to a bank account
Not confirmed
3 currencies
Buy and sell crypto with fiat
Buy and sell
Buy and sell
Spend against crypto without selling
No
No
Yield on your balance
Yes
Yes
Tiers
Standard · Pro · VIP
Krak Card
Perks
Works on Arbitrum, Ethereum, Optimism and Polygon · 5% a year on your balance, up to $5,000, paid daily in USDe · 6% a year on your balance, up to $100,000, paid daily in USDe · 6% a year on your balance, up to $1,000,000, paid daily in USDe
—

Highlighted values are the better of the two. “Not published” means the issuer does not state it. Card data last checked 25 Oct 2026; see each card's review for its sources.

Questions

Which is better, Ethena Pay or Krak Card?

Ethena Pay scores higher on the G2M score: 83/100 against 60/100 (#1 and #18 of 26 cards). Ethena Pay also comes out ahead on cashback, more countries and control of your funds. The better card for you depends on where you live and how you spend; the G2M calculator works it out for your own spending.

Which has lower fees, Ethena Pay or Krak Card?

Neither card has an annual fee. Both charge a 1% FX fee on foreign currency.

Which pays more cashback, Ethena Pay or Krak Card?

Ethena Pay pays 4% cashback on its entry tier; Krak Card does not publish a rate. Higher tiers go up to 5% on Ethena Pay and 2% on Krak Card.

Which works in more countries, Ethena Pay or Krak Card?

Ethena Pay is confirmed in more countries: 48 against 32. Of the markets we check for every card, only Ethena Pay is confirmed in UAE, and only Krak Card is confirmed in United States, United Kingdom and EU / EEA.

Who holds my funds with Ethena Pay and Krak Card?

Ethena Pay is self-custodial; Krak Card is custodial.

More comparisons

Scores use the same rules for every card (how the score works). Referral links never change a score or rank. Not financial advice.