Credit card for streamers and influencers introduced

Karat has already provided the card to an initial group of creators

Karat

Credit card for streamers and influencers introduced. Source: techcrunch.com

The US fintech startup Karat has unveiled its Black Card for the creators who make a living on YouTube, Instagram, Twitch, etc, according to TechCrunch.

The new credit card enables holders to use it for their business-related expenses. When creators are approved, they receive a $250 bonus that can be further applied to any purchases of electronics or equipment.

The card also offers 2% to 5% cashback rewards on purchases along with advances on sponsorship payments.

To assess the creditability, Karat focuses on the size of a creator’s following, their current revenue, and if they’re business savvy.

It’s not just the number of followers you have, but what platforms. I would rather have 100,000 subscribers on YouTube than 1 million on TikTok because on TikTok, it’s all algorithmically driven
Eric Wei, co-founder and co-CEO

We’ve reported that Visa has partnered card provider CPI Card Group to issue the Earthwise High Content Card made of nearly 98% recycled plastic.

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