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The Karat Card is a custom Visa® Business Charge Card designed for small businesses and independent professionals. It helps you manage business expenses and access a spending limit that reflects your business activity and growth potential.

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How the Card works

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Business charge card

The Karat Card is a business charge card and should be used for purchases related to your business.

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Charge card structure

The Karat Card is a charge card, which means your statement balance must be paid in full each month.

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Global acceptance

The Karat Card is a Visa® and can be used anywhere Visa is accepted, both domestically and internationally.

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No foreign exchange fees

Karat Card does not charge foreign exchange fees on international purchases.

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No annual fee

There is no annual fee to maintain the Karat Card.

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Rewards

Karat offers 1x rewards across all spend. You earn 1 point per dollar on eligible purchases. Points can be redeemed for statement credits and other rewards available in the Rewards Shop.

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Custom metal design

The Karat Card is made of stainless steel and can be customized with your logo or design. When your account is approved, you’ll receive a white metal Karat Card by default. You can submit a custom logo or design through your dashboard at any time. After your design is reviewed and approved, your card is laser-engraved and shipped to you.

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Underwriting & credit building

Karat takes a broader approach to underwriting than traditional lenders. In addition to credit profile considerations, we review:
  • Cash flow and bank account history
  • Current cash on hand
  • Social performance and engagement
This allows us to determine a spending limit that reflects your business activity and growth.

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Designed to Help Build Credit

Responsible use of the Karat Card can help build your personal credit history over time. Because the card requires your balance to be paid in full each month, consistent on-time payments may contribute positively to your credit profile. Establishing credit history can support future financial milestones, such as renting an apartment, financing equipment, or applying for other forms of credit. 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.