Preferred Credit Line
Flexible credit that's there when you need it.
Overview
| Annual Fee |
$0 |
|---|---|
| Collateral Needed |
No |
| Line Amount | $500 to $25,000 |
| Minimum Monthly Payment | 1/120th of balance, or $50, whichever is greater |
| Interest Rate | Variable |
Use your credit line for what you need when you need it.
From car repairs or new appliances to dream-worthy trips, you’re covered.
Be ready for home updates, renovations, even new additions.
Be prepared for whatever comes your way.
Use it for overdraft protection on your KeyBank checking account.
Apply for a Preferred Credit Line
To apply online for a credit line, you must be an existing KeyBank client.
Frequently Asked Questions About KeyBank Preferred Credit Line
Get answers to the most frequently asked questions about credit loan lines.
A preferred credit line is a flexible funding option that allows you to borrow money as needed, up to a pre-approved limit, and only pay interest on the amount you actually use.
On the other hand, a loan provides a lump sum of money and is repaid in fixed installments over a set period.
To apply, you must:
- Be 18 years of age or older
- Have a valid Social Security number
- Live within the following states: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA
- Agree to provide additional personal and business information, if requested, such as tax returns and financial statements
- Certify that all information submitted in the application is true and correct
- Authorize the bank and/or a credit bureau to investigate the information on the application
The preferred credit line offers variable Annual Percentage Rates (APR). For more information on interest rates, interest charges, fees, and credit line amounts, visit Current Preferred Credit Line Rates & Fees.
Details about your account can be found in your monthly statement, in online and mobile banking, by calling 1-800-KEY2YOU® (1-800-539-2968 or dial 771 for TTY/TRS), or visiting a branch.
Your credit limit is the maximum amount of credit you can have outstanding on your credit line. KeyBank may choose to approve or deny a credit request that would cause your preferred credit line to go over its limit. If your preferred credit line exceeds its limit at any time, you must immediately pay the excess amount, or it may be included as part of your next minimum payment amount. KeyBank may increase or decrease the credit limit at any time, for any reason, as permitted by law.
All credit products are subject to collateral and/or credit approval.
To apply, you must:
- Be 18 years of age or older;
- Have a valid Social Security number
- Live within the following states: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA;
- Agree to provide additional personal and business information, if requested, such as tax returns and financial statements;
- Certify that all information submitted in the application is true and correct;
- Authorize the bank and/or a credit bureau to investigate the information on the application.
The rates shown are as of 05/31/2026 and subject to change without notice. To obtain the lowest rate, borrowers must have an excellent credit profile including a minimum FICO score of 780 or higher. A borrower's actual eligibility and rate will be based on their credit profile and other factors.
Subject to terms and conditions in Service Agreement.
Message and Data rates may apply from your wireless carrier.
Your credit line may not be used for overdraft protection on a KeyBank Hassle-Free Account® or KeyBank Savings Account.