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Penchan
🇲🇾 Malaysia

Pick the country on your KYC ID

Asia Pacific

Europe / Middle East / Africa

Americas / Oceania

Krak Card

Cashback depends on your average balance, not on how much you spend

Malaysia: not available

Krak Card card art

Features

  • ✈️ Up to 6% back on flights and hotels
  • 🏦 Platform account
  • 🏷️ Debit card

Cashback & fees

How to get it: Free, no minimum

Cashback
0%
FX fee
Not published
FX fee 0% + crypto conversion spread (not published)
Annual fee
US$0
Other fees
ATM withdrawal
No Krak fee (ATM operators may charge)
Top-up
Free by bank transfer or crypto deposit; £/€0.25 + 3.75% by Apple Pay, Google Pay or debit card
Physical card replacement
Plastic £/€4.99; metal £/€60
In-app buy, sell or convert
1% per trade
Issuer
Monavate (UK/EEA)

See how much you could earn

Drag to see your cashback each month! FX fees are not deducted here.

US$800
US$200US$5,000

The Starter plan earns no cashback on spending

Plan: Starter

Works with

  • Apple Pay Supported
  • Google Pay Supported
  • ChatGPT subscription Users report it works
  • Claude subscription Not yet verified

Spend it in these places

  • Malaysia
  • Thailand
  • Indonesia
  • Singapore
  • Japan
  • China (Mainland)
  • Korea

How to apply

Malaysia: applications are not open

Know before you apply

  • Paying from crypto or a balance in another currency adds a Krak spread of unpublished size. 🔗

  • UK and EEA account balances are e-money and are not covered by deposit insurance. 🔗

  • : Krak card payments and in-app instant buys failed for about 6.5 hours, and some users' funds were held meanwhile; Kraken has marked it resolved. 🔗

  • : Small transfers from sanctioned addresses triggered automatic Kraken account freezes; the accounts were later restored, but those incoming funds were held. 🔗

  • Users report restricted or closed accounts with funds they could not withdraw. 🔗

Notes

Checked: 2026-10-14 · Compiled and cross-checked with the help of Claude, ChatGPT, Grok and Gemini · Unpublished details follow the Taiwan programme · Some AI subscription statuses come from user reports · Spotted a mistake? Let us know

"Available" still means passing the issuer's identity check. Rates, yields and promotions follow the official announcements and can change at any time.

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