You buy more than groceries and gas, so your cashback card should give you more. With the Key Cashback credit card, if you have an active KeyBank checking account1, you can earn up to 2% on every purchase—no categories, no limits. Plus, if you don’t qualify to earn 2% cashback, you’ll still earn 1% on every purchase. If you’re a non-U.S. citizen or you’re not a KeyBank client yet, visit a local branch to apply.
See how much you can earn.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. Calculators do not include the fees and restrictions that certain products may have. Please visit the applicable banking product pages on key.com for specific terms and conditions, or visit any KeyBank branch to discuss what products may be appropriate for you.
Overview
| Cashback Rewards | 1% cashback on purchases; 2% cashback for clients who bank and save with Key.1 |
|---|---|
| Annual Fee |
$02 |
| Introductory Balance Transfer APR | 0% for the first 12 billing cycles on balance transfers made in the first 60 days. After that, your variable APR on balance transfers will be 22.24% to 29.24% based on creditworthiness. Avoid being charged interest on purchases when you pay your entire balance (including balance transfer) by the due date each month.3 |
| Regular Purchase APR | 22.24% to 29.24% based on creditworthiness2 |
| Balance Transfer Fee |
$10.00 or 4% of the amount of each transaction, whichever is greater. |
| Late Payment Fee |
Up to $40 |
| Overdraft Protection Transfer Fee | $0 |
| Minimum Interest Charge |
$0.50 |
Features and Benefits
Unlimited 2% cashback rewards when you bank with KeyBank
Eligibility includes having one qualified KeyBank checking account used for 5 or more qualifying transactions a month plus one other type of KeyBank account that is not a checking account.
Earn at least 1% cashback
You’ll be rewarded with this cash rewards credit card, so any month you don’t meet Key’s bank requirements, you’ll still receive 1% cashback on purchases.1
Redeem your cashback easily
Take your cashback as a statement credit or deposit it to your KeyBank checking or savings account.4
Access to your FICO® Score
Know your credit score. Opt in to view your FICO® Score in KeyBank online and mobile banking without impacting your credit score.5
Secure and easy to use
Check out quickly and securely with contactless Tap and Go® technology.
All the benefits of Mastercard®
Your Key Cashback credit card comes with ID Theft Protection™, Zero Liability Protection6 and more.
Applying Online
Qualified applicants can apply online in about 5 minutes.
You’ll need your Social Security number and a valid form of primary identification, like a driver’s license, passport or government-issued ID with photo and signature.
Frequently Asked Questions
You can earn cashback by making purchases on your Key Cashback credit card.1 You will begin earning cash rewards once you have activated your card and make any purchases.
Remember, you’ll earn on purchases only, not on all transactions. So balance transfers, cash advances, ATM disbursements, person-to-person money transfers, convenience checks, account interest, unauthorized or fraudulent charges, fees, returns or credits do not count toward your cashback. Returns will reduce your cashback balance using the earn rate that is in place on the effective date of the return.
For more details, see the complete Terms and Conditions.
To qualify for 2% cashback, you must bank with KeyBank. That means that you need to have one qualified KeyBank checking account that you use for 5 or more qualifying transactions a month plus one other KeyBank account that is not a checking account. That’s all you need to be eligible for our suite of rewarding benefits!
You can be a Key Cashback Mastercard® credit card cardholder even if you do not have other accounts with KeyBank. You’ll always earn 1% cash rewards for your credit card purchases each month, even if you don’t meet the bank requirements to earn 2%.
Don’t worry, you’ll still earn 1% on your purchases for that month. It is possible that you have the right accounts, but don’t meet the deposit or balance requirements every month. Your monthly cash rewards rate is evaluated on the last Monday of each month. That’s when KeyBank reviews your deposit and balance activity for the month to see if you’ve met our bank criteria. If you have, you earn 2% cashback. If not, your rate for the following calendar month will be 1%.
You can find your earnings rate for specific months and transactions on the rewards site in KeyBank online and mobile banking.
To get to the rewards site, sign on to KeyBank online or mobile banking and go to Account Summary > Rewards > Cashback Rewards Balance OR go to Credit Card Account Financial Details > Rewards > Redeem Cashback Rewards.
From the rewards site, you can select Account Activity to view your purchases and other related rewards activity. The information displayed for each purchase can be expanded in greater detail to show the earn rate applied.
The rate you earn, either 1% or 2%, is effective for a calendar month. However, credit card accounts cycle at various times throughout a month, so one statement can include activity across months.
Say your earn rate was 2% in September and 1% in October, and your account cycles on the 23rd of each month. Your October statement would include transactions posted from Sept. 24 – 30 at 2%, and transactions posted from Oct. 1 – 23 at 1%.
Also, the cashback rewards you earn for each purchase are based on the earn rate in effect when the transaction posts to the account, not the earn rate in effect when the transaction was authorized. That means it’s possible that a transaction authorized when the earn rate was 2% may post to the account when the earn rate was 1%.
No. There is no limit to the amount of cashback you can earn on your purchases.
No, your cashback rewards do not expire.
No, there is no annual fee2 on your Key Cashback credit card.
You can redeem your cashback online 24/7 by logging in to your online banking account or by calling 1-800-KEY2YOU® (1-800-539-2968). For clients using a TDD/TTY device, please call 1-800-539-8336.
Here's how to use your cashback:
- Direct Deposit: You can have cash rewards deposited into a KeyBank checking or savings account.
- Statement Credit: Apply your cashback as a statement credit to your Key Cashback credit card account. A statement credit will reduce your balance but it will not count as a payment. You’ll still be required to make your monthly minimum payment.
Please note, redemptions will post to your account within 7 business days.
Call the number on the back of your Key Cashback credit card: 1-800-KEY2YOU (1-800-539-2968). For clients using a TDD/TTY device, please call 1-800-539-8336.
Exclusive Key Cashback Credit Card Benefits7
Enjoy these perks that come with being part of the Mastercard® network:
Mastercard ID Theft Protection™
ID Theft Protection provides proactive monitoring and resolution of identity theft threats for U.S. Mastercard cardholders.
Zero Liability Protection
Have peace of mind knowing that you are protected against fraudulent purchases in-store, over the telephone, online or on mobile apps — as well as at the ATM. Simply call the number on the back of your card if you suspect any unauthorized activity on your card. Visit mastercard.us/zeroliability for more information.
Master Rental® Coverage
Pays for covered damages, like physical damage and theft, to a rental vehicle when you use your eligible Mastercard® to initiate and pay for the entire rental transaction. Find out more about Master Rental.
Mastercard Global Services™
Mastercard representatives trained to assist anytime, anywhere with card-related questions. Find out more about Mastercard Global Services.
For more detailed information on Mastercard benefits for your card, call 1-800-MC-ASSIST.
To be eligible for 2% in Cashback Rewards, you must have an eligible open KeyBank consumer checking account (excluding a health savings account) with 5 or more qualifying transactions posted to that same checking account in a calendar month. Qualifying transactions include, but are not limited to, point of sale transactions, bill payment(s), ATM transactions, check, cash, or direct deposits, and electronic funds transfers. You may also be eligible for 2% with an open eligible Key Private Bank checking account.
On the fourth business day of each month (“Evaluation Date”), we will determine whether you are entitled to earn 2% in Cashback Rewards by meeting the eligibility criteria during the prior month. Your 2% earnings will start on this date and apply until your next monthly evaluation (on the fourth business day of the following calendar month). New card accounts will receive at least a full calendar month at the 2% cashback rate prior to the first Evaluation Date. You will receive a grace period for the first month in which you do not meet the eligibility criteria. If you do not meet the eligibility criteria during the grace period, your rate for the month immediately following the grace period will be 1%, beginning on the Evaluation Date. Cashback Rewards are awarded based on eligible credit card purchases excluding transactions such as cash advances of any type, balance transfers, convenience check transactions, overdraft protection transfers and quasi-cash transactions. Returns will reduce your Cashback Rewards balance. See Key Cashback Credit Card Terms and Conditions for transaction exclusions and additional details, which are subject to change and may be found at www.key.com/personal/credit-cards/key-cashback-terms-conditions.html.
The APRs may vary. Currently the undiscounted variable APR for Purchases and Balance Transfers is from 22.24% to 29.24% (depending on your creditworthiness). The variable APR for Cash Advances is 29.24%. Cash Advance fee: 5%, $10 minimum. Convenience Check fee: 4%, $10 minimum. Cash Equivalent fee: 5%, $10 minimum. Balance Transfer fee: 4%, $10 minimum. Overdraft Protection Transfer fee: $10. There is a $0.50 minimum finance charge where interest is due. Foreign Transaction fee: 3% of each foreign purchase transaction in U.S. dollars. Transactions originating in Canada are excluded from this fee. Refer to Terms and Conditions.
0% introductory APR on balance transfers only for the first 12 billing cycles following account opening when balances are transferred within the first 60 days following account opening. After that, your APR on balance transfers will be 22.24% to 29.24% (based on creditworthiness). If you always pay your balance in full each month, you do not pay interest on your purchases. This is called a grace period. You will lose this grace period if you transfer a balance and do not pay off your entire balance by the payment due date. Even if you pay off all of your purchases in full each month, you will begin to pay interest on those purchases. To avoid interest on purchases, you must pay the entire balance (including the balance transfer amount) each month by the payment due date.
Statement credits appear on your bill as an adjustment and not as a payment. You are required to make your minimum payment due each month. Receipt of a statement credit does not affect your responsibility to pay your minimum payment shown on each statement you receive from KeyBank.
Clients with newly opened credit card accounts may not see their first FICO® Score in online and mobile banking for up to 90 days after enrollment. In certain circumstances, a FICO® Score may not be available for various reasons, e.g., having a limited credit history. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.
Please see terms and conditions which can be found at mastercard.us/zeroliability.
This page contains Mastercard benefits available for new credit card clients. If you already have a KeyBank credit card, your Mastercard benefits may be different from those listed above. Please refer to documents you received when you opened your account or call 1-800-MC-ASSIST for more information.
The creditor and issuer of this credit card is KeyBank N.A., pursuant to a license from Mastercard International Incorporated. Mastercard and Tap & Go are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated.
View the Cardmember Agreement and Rewards Terms and Conditions for full terms of the offer.
All credit products are subject to credit approval.
