The Key2More Rewards® credit card is an attractive option for individuals looking to earn rewards on their daily purchases without an annual fee. Designed with a flexible rewards program and useful security features, this card brings a variety of benefits and protections that appeal to both seasoned credit card users and newcomers.

Whether you’re interested in building rewards for travel, cashback, or simply earning points for gift cards, the Key2More Rewards® credit card provides a reliable pathway to make the most out of your spending. In the following sections, we’ll delve into the card’s features, eligibility requirements, application process, and everything else you need to know to determine if this card is the right fit for your financial goals.

Key information about the credit card

How does the annual fee work?

The Key2More Rewards® credit card stands out by offering no annual fee, making it an affordable option for users who want a cost-effective way to earn rewards. An annual fee is often a consideration when choosing a credit card, as it directly impacts the net benefits. With Key2More Rewards®, you can accumulate points and enjoy a host of benefits without worrying about an annual cost, allowing you to maximize your rewards.

How is the credit limit determined?

The credit limit for the Key2More Rewards® credit card is determined based on your creditworthiness, which includes factors such as your credit history, income level, and overall financial stability. For conventional credit cards like Key2More Rewards®, KeyBank assesses your application by reviewing your credit score and other financial indicators to set an appropriate limit..

Advantages of the credit card

• Generous rewards program: Cardholders earn five points for every $1 spent on eligible purchases, with no caps, allowing for continuous rewards accumulation.
• Monthly bonus: If you spend between $1,000 and $1,999 within a month, you receive a 25% bonus on earned points, increasing your rewards. Spending $2,000 or more each month boosts the bonus to 50%.
• 0% introductory APR: For the first six billing cycles, enjoy a 0% APR on purchases and balance transfers (made within 60 days of account opening). Afterward, APR rates range from 21.49% to 28.49%, based on creditworthiness.
• No foreign transaction fee: International travelers can benefit from a 3% fee exclusion on foreign transactions in U.S. dollars, which applies to purchases originating outside the United States.
• Enhanced security: With Mastercard ID Theft Protection™, Zero Liability Protection, and a temporary lock feature, the card offers comprehensive safeguards against fraud and unauthorized use.

Standout advantage

A defining feature of the Key2More Rewards® credit card is its highly flexible rewards program, which awards five points per $1 on eligible purchases. Additionally, monthly spending bonuses provide an added incentive, offering up to 50% extra points depending on your spending tier.

This level of rewards flexibility and potential for bonus points allows you to accelerate your rewards earnings on regular purchases. It’s an appealing aspect for users aiming to maximize value without spending excessively.

Disadvantages

• Balance transfer fee: A 4% or $10 minimum fee applies for each balance transfer, which may be costly for those consolidating debt.
• High variable APR: Following the introductory period, APR rates can range from 21.49% to 28.49%, depending on creditworthiness, which can lead to high-interest charges if balances aren’t paid in full monthly.
• Foreign transaction limitations: While foreign transactions originating from the U.S. incur no fee, transactions made within Canada are excluded from this benefit.

A standout disadvantage

One prominent disadvantage of the Key2More Rewards® credit card is its variable APR rate post-introductory period, which can reach up to 28.49% based on creditworthiness. High APR rates mean that carrying a balance from month to month could quickly lead to considerable interest charges, negating some of the rewards earned.

Who can apply for this card?

To apply for the Key2More Rewards® credit card, applicants must meet certain basic requirements. This includes being at least 18 years old with a valid Social Security number. Additionally, applicants need to demonstrate a stable income source that can support credit responsibilities, as this card requires a credit check to assess eligibility.

While KeyBank considers a range of credit profiles, individuals with fair to excellent credit are more likely to be approved. Applicants with a limited credit history or past credit issues may find approval more challenging, though credit card applicants who meet these criteria can proceed with confidence. It’s essential to have up-to-date income documentation and identification when applying, as these will be necessary during the application process.

How to apply for the Key2More Rewards® Credit Card

For the website

The online application process for the Key2More Rewards® credit card is fast and accessible. By visiting KeyBank’s official website, you can fill out a secure form with your personal and financial information, such as income and employment details. The form guides you through each section, ensuring you provide all necessary data for an accurate credit assessment.

Once submitted, you will receive a confirmation, and KeyBank typically processes applications within a few business days. This method is ideal for applicants who prefer a quick, straightforward process and is accessible 24/7 from any internet-connected device.

Through the app

Applying through the KeyBank mobile app offers a convenient way to submit your application with just a few taps on your smartphone. To start, download the app from your app store and navigate to the credit card application section. The app allows you to fill in your details and offers additional features, such as tracking your application status.

Through the app, you can also view your FICO® score and monitor your credit standing, making it a valuable tool for ongoing credit management. The app-based application process is particularly useful for those already familiar with mobile banking and who prefer managing finances on their smartphone.

At the branch

For those who prefer an in-person experience, applying at a KeyBank branch offers personalized assistance. A branch manager can guide you through each step of the application process, answer any questions, and help gather necessary documents. This face-to-face interaction provides a level of support that may be beneficial for first-time credit applicants or those who have specific questions regarding their eligibility or benefits.

Applying at a branch also allows for immediate document verification, potentially speeding up the approval process. Visiting a branch can be an excellent option if you prefer to interact directly with a bank representative and gain deeper insights into how the Key2More Rewards® credit card could work for your needs.