Karat is the first exclusive credit card for influencers.
Increase your business, Not your inbox
Stay up to date and subscribe to our daily newsletter now!
Read for 2 min
The market changes and new niches will surely come to light. So it exists now carat, the first credit card designed exclusively for influencers as it measures the number of followers you are in Instagram, TikTok, Twitch and Youtube.
The Karat Black Card was developed by Eric Wei, the inventor of Instagram Live. In addition to the exemption from the interest rate, it offers higher credit limits, money-back values between 2% and 5%. Depending on your spending and your reach in the networks you will get advantages.
To receive this card, you must meet certain characteristics, i.e. you must have at least 100,000 followers or be verified and recommended by another influencer who already has the card.
Photo: taken via trykarat.com
The product is intended for young people who may not be creditworthy. The card also has no minimum monthly payment. Therefore, users have to pay for what they spend. However, if they cannot do this in time, no penalty will be charged. They have to make an application up to date on how they keep their income.
To purchase it, creators must send a direct message to the company on Instagram. Your information will then be checked to see if you are a candidate and they will continue with the process until they send it to you.