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