KeyBank Business Cash Rewards Mastercard® Credit Card

As of November 3, 2022

 

Earn big rewards for your small business. Open a KeyBank Business Cash Rewards credit card and earn up to 2% unlimited cash back1 on purchases–no categories, no expiration dates, no annual fees.

Interest Rates and Interest Charges
 

Annual Percentage Rate (APR) for Purchases 00.00% Introductory APR for the first 6 monthly billing cycles. After that, your APR will be 17.74% to 27.74% based on your creditworthiness. This APR will vary with the market based on Prime Rate.
APR for Cash Advances 27.74% This APR will vary with the market based on Prime Rate.
APR for Balance Transfers 00.00% Introductory APR for the first 6 monthly billing cycles following account opening when balance is transferred within the first 60 calendar days following account opening. After that, your APR will be 17.74% to 27.74% based on your creditworthiness. This APR will vary with the market based on Prime Rate.
Penalty APR and When it Applies

26.74% + Prime Rate, with a maximum of 29.99%. This APR will vary with the market based on the Prime Rate.

The Penalty APR may be applied to your account if you are 2 consecutive billing cycles past due.

How Long Will the Penalty APR Apply? 
If your APRs are increased, the Penalty APR will apply until you make six consecutive minimum payments when due.

Paying Interest Your payment due date is at least 25 calendar days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date of each month. We will begin charging interest on cash advances, convenience check advances and balance transfers on the transaction date.
Minimum Interest Charge If you are charged interest, the charge will be no less than $0.50.


Fees

Annual Fee None


Transaction Fees

Balance Transfer Fee Either $10.00 or 4% of the amount of each transaction, whichever is greater.
Cash Advance Fee Either $10.00 or 5% of the amount of each transaction, whichever is greater.
Convenience Check Advance Fee Either $10.00 or 4% of the amount of each transaction, whichever is greater.
Cash Equivalent Fee Either $10.00 or 5% of the amount of each transaction, whichever is greater.
Overdraft Protection Transfer Fee $0.00
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. Refer to Terms & Conditions.


Penalty Fees

Late Payment Fee Up to $39.00. See Cardmember Agreement for details.
Over Limit Fee $39.00 per cycle
1

Business Cash Rewards customers earn 1.5% unlimited cash back on all purchases. You can earn a .25% bonus for having a KeyBank business checking account, open and in good standing, and maintaining an average daily balance of $2,000. You can also earn a .25% bonus for processing payments through a qualifying Key Merchant Services program. Clover Go® accounts are not a qualifying Key Merchant Services program. Eligible purchases do not include cash advances of any type, balance transfers, overdraft protection transfers or credits. Certain exclusions apply. We will determine whether you have met the bank and process criteria on the last Monday of each calendar month, based on your deposit account status and processing activity over the thirty (30) calendar days prior to the immediately preceding Saturday. The KeyBank Business Cash Rewards Program Terms and Conditions apply, are subject to change and can be found at key.com/bizrewards.

For help, call us at 1-888-KEY4BIZ® (1-888-539-4249).

Clients using a TDD/TTY device: 1-800-539-8336.

How We Calculate Your Balance: We use a method called the average daily balance method (including new purchases).

Loss of Introductory APR: If you make a late payment, we may end offering you a lower introductory APR and begin charging you the higher APR (for both Purchases and Balance Transfers) that is specified in the table above and scheduled to take effect after the introductory APR is no longer effective.

Subject to credit approval.