Krak's "up to 2%" is $50k of assets, or 0% under $200

Krak's own US cashback table (support.krak.app) is the story under the launch headline. 2% needs a $50,000 30-day average across Krak, Kraken and Kraken Pro. Then 1.5% from $10k, 1% from $1k, 0.5% from $200, and 0% below $200. New cardholders get top-tier for 30 days, then the rolling average takes over. Cashback locks in at merchant settlement, not tap.