We hope to give Standard credit cards to all companies, and we are making changes to our credit policy to enable more customers to qualify for Standard Cards. 


Credit Policy :

A. VC Funded Startups or not profitable Companies 

Rs. 2 Crores or higher cash balance

Credit Limit - Up to 2% of cash balance


B. Profitable Companies

Minimum of 10 L profits over the last 2 years

Credit Limit - Up to 20% of the last annual profits


This article talks about issuing Standard cards to the Owner ( main card holder ). 


Steps:

1. Login to Karbon Dashboard


2. Click on Team ( left side )

3. Click on the User to whom you want to issue a Cashback card


I selected "Sunil", the user owner to issue the card.


4. Click "Add a Card", select Standard card, click Submit and Done




The below link describes limits associated with Karbon Cards.

https://karboncard.freshdesk.com/support/solutions/articles/81000390659-what-are-card-limits-transaction-limits-and-forex-limits-and-how-do-i-set-those-


5. After this step, you would get a zero limit Standard card. 


To get higher credit limit, please follow either of the below two options.

a. 

Send Financials and Bank Statements credit policy evaluation over email

i. FD and MF Statements - We at Karbon are interested in liquid cash balance, and we request you to share with us Fixed Deposit or Mutual Fund Statements that show high cash balance. 

ii. Audited and Provisional Financials - Please share audited financials of the last financial year, and provisional financials with director's signature and seal up to last month.

If today is 01/05/2021, then we need audited financials for FY 2020 ( 31/03/2020 ), and provisional financials for FY 2021 ( 31/04/2021 ).


b. 

Upload Financials and Bank Statements for credit policy evaluation in Karbon Dashboard

The below link describes the steps 

https://karboncard.freshdesk.com/support/solutions/articles/81000390648-i-am-an-existing-karbon-card-customer-and-i-want-a-higher-credit-limit-how-do-i-get-it-