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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. Karat is a financial technology company, not a bank. Banking services provided by Grasshopper Bank, N.A., Member FDIC. The Karat Visa® Business Credit Card is issued by Cross River Bank, Member FDIC, and pursuant to a license from Visa️ USA.