For full ceramic ball bearings, cracks occur frequently in the spalling on the rings, which leads to impacts on the bearing dynamic characteristics. In this paper, the spalling is set on the outer ring, and the dynamic model considering the effect of crack is proposed. The crack is considered to be related to the strain energy, and the effect on the stiffness of the outer ring is also analyzed. Results show that the appearance of cracks leads to the reduction of the full ceramic bearing stiffness, and the vibration amplitude of bearing increases. The effect of a crack depends on its size, and the vibration of the bearing with cracks of different widths and depths vary greatly. This study provides theoretical basis for the calculation of full ceramic bearing and is of great significance for the state monitoring and fault diagnosis.