The Karat Black Card: The credit card just for social media influencers

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.When Eric Wei and Will Kim set out to create a credit card for creators and influencers, they did so because traditional banks and card issuers were often reluctant to give credit cards or extend credit to influencers.Many of these Twitch streamers, TikTokers, Substack writers and Instagrammers had cash in hand, high incomes and millions of followers. However, many also had bad credit, little to no credit history or revenue that changed monthly and would come from different sources. This made it hard for them to qualify for a credit card or for lines of credit from traditional banks or card issuers.”The whole reason we exist is we see this entire new class of businesses [who] found a way to make a living from content online just get treated really poorly by banks. Not just on credit cards, [but] on mortgages, on accounts, on taxes, on payments…” Wei said.Introduce the Karat Black Card: a no-annual fee, charge card for social media influencers. A charge card is…
Read More