Ductile fracture is one of the defects in metal plastic forming. For predicting and preventing fracture occurs, a criterion describing the fracture accurately is necessary, especially in the case of numerical simulation. Three criterions, i.e. Cockcroft-Latham, McClintock, Rice & Tracey, were compared experimentally to decide the suitable one for GCr15 bearing steel. The damage values of the criterions were obtained through the standard tension and compression test. The blanking of the GCr15 sheet with 5mm thickness was numerical simulated with three criterions separately and conducted in laboratory. By comparing the blanking section of simulation and experiment, it was found that the McClintock criterion is the best one for describing the GCr15 bearing steel ductile fracture in these three criterions.