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Karat Premium is no longer available to new subscribers. If you cancel, you won’t be able to resubscribe.
To cancel your Karat Premium subscription:
  1. Go to Settings > General
  2. Navigate to Manage Karat Premium Subscription
  3. Click Cancel subscription
  4. Select a cancellation reason from the provided options
  5. Optionally, provide feedback in the text field to help us improve (up to 200 characters)
  6. Click Continue to proceed to the confirmation step
  7. Review the benefits you’ll be losing and click Downgrade to complete the cancellation
You’re all set. Your Karat Premium benefits end as soon as the cancellation is complete.

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What happens when I cancel?

Your Karat Premium subscription ends immediately upon cancellation, and yield stops accruing at that time. Any earned yield will be paid out on the 1st of the following month.

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What happens if my account is restricted?

If your account becomes restricted or frozen, your Karat Premium subscription will be automatically cancelled, and you won’t be able to resubscribe. Karat is a fintech company, not an FDIC-insured bank. Banking and Card services provided by Grasshopper Bank, N.A., First Internet Bank of Indiana, and Cross River Bank, Members FDIC.