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Each Karat application is reviewed carefully by our team. Decisions are based on whether the information provided meets our eligibility, compliance, and underwriting requirements. Because reviews may involve sensitive regulatory and risk considerations, we’re not able to share specific details about why an application was not approved. Applications may be declined for a variety of reasons, including:
  • Missing or unverifiable documentation
  • Incomplete information
  • Eligibility requirements not being met
  • Underwriting or risk considerations (for the Karat Card)
  • Compliance or identity verification issues

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Reapplying

If your circumstances have changed or you have additional information that was not included in your original application, you’re welcome to reapply. While we cannot guarantee approval, we will review any new information provided as part of your updated application. Before reapplying, we recommend:
  • Reviewing our eligibility requirements
  • Ensuring your business formation documents are accurate and up to date
  • Confirming your EIN documentation (if applicable)
  • Verifying that all required identification is valid
  • Ensuring all application information is complete and accurate
Submitting complete and accurate information can help prevent delays during review.

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Reapplying for the Karat Card from your dashboard

If your Karat Card application was declined for a non-fraud reason, you can reapply directly from your dashboard once you become eligible. Eligibility is reached 30 days after the original decline decision. When your application qualifies, the charge card section of your dashboard will display a You qualify to re-apply for the Karat Card banner with a Get started call to action. Selecting it opens a short in-dashboard flow that reuses the information already on file. The reapply flow has three steps:
  1. Connect income: Relink your bank and business accounts through Plaid so we can review your most recent financial activity. Connecting as many accounts as possible improves the odds of acceptance.
  2. Review terms: Confirm the Karat Card terms and FCRA authorization for the new application.
  3. Confirm: Submit the reapplication. Applying does not impact your credit score, and there are no annual or foreign transaction fees on the Karat Card.
After you confirm, your reapplication enters review under our standard underwriting process. You can track its status from the same charge card page in your dashboard.

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When the reapply option isn’t available

The dashboard reapply CTA only appears when your declined application is eligible for reapplication. You won’t see the CTA if:
  • The application was declined less than 30 days ago. In this case, the rejection alert shows the date you become eligible to reapply.
  • The application was declined for a fraud-related reason. Fraud-declined applications are not eligible for the self-service reapply flow.
If the CTA doesn’t appear and you believe your application should be eligible, please reach out to our team. 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.