Key Secured Credit Card®
Build your credit.1 Enjoy progress.
Join the 48,000+ Key clients who grew their credit with a Key Secured Credit Card. Whether you're establishing credit or working to improve it, a Key Secured Credit Card could help you build strong credit habits and move forward with confidence.2
Overview
| Introductory APR |
N/A |
|---|---|
| Regular APR | 26.74%3 |
| Annual Fee | $03 |
| Late Payment Fee |
Up to $40 |
| Minimum Interest Charge |
$0.50 |
Results From Our Clients4
88%
Graduate to an unsecured card within 24 months.
71%
Started with no FICO® Score.
722
Average FICO® Score at graduation for those who started without one.
+70
Average FICO® Score increase for those who began with a score.4
10,000+
Graduates have received a credit line increase since 2024.
See where a secured card can take you.
Features of the Key Secured Credit Card
- No Annual Fee.
- Make a refundable deposit. Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $300.
- Grow your savings. Your security deposit must be kept in a Key Active Saver® account, so you can save money while you work on your credit.
- Build your credit. Unlike most debit or prepaid cards, the Key Secured Credit Card is a real credit card that reports your history to the three major credit bureaus -- Equifax, Experian, and TransUnion.
- Make progress. We’ll review your account quarterly to determine whether you meet the criteria to graduate from a secured to an unsecured credit card, and get your deposit back.
Benefits of KeyBank Credit Cards
- Know your credit score. Opt in to view your FICO® Score anytime without impacting your credit score in KeyBank online and mobile banking.5
- Mastercard benefits®: Enjoy all the Key Secured Mastercard benefits including ID Theft Protection™, Zero Liability Protection,6 and more.
- Secure and easy to use. Check out quickly and securely with contactless Tap & Go® technology.
Join 48,000+ cardholders building stronger financial futures.
Already a KeyBank client?
If you already have a Key Active Saver account, you’re not a Key client yet, or you prefer to apply in person, visit a branch to meet with a banker.
Frequently Asked Questions
A secured credit card is backed by a cash deposit from the cardholder. The deposit acts as collateral on the account, giving the card issuer security in case the cardholder can’t make payments.
Secured credit cards can be used by first-time credit card users, or those who want to improve their credit histories. Unlike with most debit or prepaid cards, the activity on secured credit cards is reported to credit bureaus, so secured cards could help borrowers improve their credit scores.1
There are many benefits to having a good credit history:
- Increases eligibility to open credit cards, loans, and other new lines of credit
- Increases your eligibility for lower loan and credit card rates
- Could be considered by potential employers
There are two ways to apply:
Apply online for a Key Secured Credit Crad and Key Active Saver account if you're already a Key client, at least 18 years old, opening an individual account, and a resident of AK, CO, CT, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VT, or WA.
Apply in a branch if you don't meet the online requirements, already have a Key Active Saver account (the banker will link it to your Key Secured Credit Card), or would just prefer to apply in person.
No, you cannot open a Key Secured Credit Card without a Key Active Saver account. You’ll need a Key Active Saver account to maintain the deposit amount equal to your credit line.
When you graduate to an unsecured KeyBank credit card or close your Key Secured Credit Card, you’ll have access to the deposit in your Key Active Saver account.
No, this card cannot be used at ATMs. This card is for purchases only, and you can use it for purchases anywhere Mastercard is accepted including in stores, online, and in apps.
To help keep you on track, it doesn’t offer cash advances, convenience checks, or balance transfers. Transactions that are considered cash advances include ATM and point of sale withdrawals; wire transfers; peer-to-peer payments; and buying foreign currency, traveler's checks, money orders, lottery tickets, or gambling chips and wagers.
Use of the Key Secured Credit Card can help build your credit when the minimum payment is made by the due date, each month.
Opening of the Key Secured Credit Card is subject to funds being appropriately deposited into a solely owned Key Active Saver account. The Key Secured Credit Card is subject to credit approval. The credit card must be secured by a minimum deposit of $300, up to a maximum of $5,000, in a Key Active Saver account. The Key Active Saver account must be funded within 30 days of account opening. The monthly maintenance service charge on the Key Active Saver account will be waived for Key Secured Credit Card clients. This waiver remains in effect only while the Key Secured Credit Card account is open and in good standing as referenced in the Cardmember Agreement If the Key Secured Credit Card account is closed or converted to an unsecured credit card, the Key Active Saver monthly maintenance service charge of $4.00 may apply, unless you are the owner of a KeyBank consumer checking account (including the KeyBank Hassle-Free Account®).
The Key Secured Card requires the card holder to have funds on deposit in a Key Active Saver® account in an amount greater than or equal to the assigned credit limit. The credit limit is determined by your creditworthiness and will be in an amount between $300 – $5,000. The variable APR for purchases is 26.74%. This APR will vary with the market based on the Prime Rate. There is a $0.50 minimum finance charge where interest is due. The annual fee is $0. Foreign Transaction fee: 3% of the amount of each foreign transaction after its conversion into U.S. Dollars. Transactions originating in Canada are excluded from this fee. The monthly maintenance service charge on the Key Active Saver account will be waived for Key Secured Credit Card clients. The monthly maintenance service charge waiver is only valid as long as the Key Secured Credit Card remains open. If you are graduated to an unsecured card or close your Key Secured Credit Card account, the Key Active Saver monthly maintenance service charge of $4.00 may apply, unless you are the owner on a KeyBank consumer checking account (including KeyBank Hassle-Free Account®).
Based on an internal analysis of customers who graduated from the secured card program from 2019-2026. The stated average FICO® Score of 722 represents the arithmetic mean of customers’ FICO® Scores at the time their accounts were opened. The average 70-point increase reflects the mean change between customers’ FICO® Scores at account origination and at the time of graduation. Results are based on historical data; individual outcomes will vary and are not guaranteed.
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.
Subject to terms and conditions in Service Agreement.
Message and data rates may apply from your wireless carrier.
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.
All credit products are subject to credit approval.