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  KeyBank Business Rewards Card

KeyBank Business Rewards Card

in Business Credit Cards from KeyBank

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KeyBank Business Rewards Card

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in Business Credit Cards from KeyBank

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Highlights
Purchase APR  (Variable APR) 11.99% - 21.99%
Balance Transfer APR  (Variable APR) 11.99% - 21.99%
Credit Score Range 650 - 850
Annual Fee $0

KeyBank Business Rewards Card Review

Key Takeaways
  • Business credit card with generous reward rate. You will get a rewards rate of up to 10 reward points per dollar spent.
  • 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 2 months , which is shorter than the average 0% APR period of 12 months.
  • 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 2 months.
  • Competitive APRs. KeyBank Business Rewards Card has a variable purchase APR that ranges from 11.99% up to 21.99%.
  • No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
  • 3% Balance transfer fee. KeyBank Business Rewards Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $10.
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
  • Fair or better credit required. You will have good approval odds if your credit score is above 650.
Pros & Cons of KeyBank business Rewards credit card
The Good The Bad
  • Lower than average purchase APRs.
  • 0% APR balance transfer intro rate on balance transfers for up to 2 months.
  • 0% APR on new purchases during the first 2 months.
  • No annual fee.
  • Identity Theft Protection.
  • Travel assistance insurance
  • Cardholders can earn rewards on their purchases.
  • KeyBank Business Rewards Card reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 3%.
  • You don't earn rewards on every purchase.
  • Charges a 3% balance transfer fee.
KeyBank business Rewards credit card FAQ

Who is KeyBank business Rewards credit card designed for?

This is a credit card issued by KeyBank. 

This business card is designed for small businesses with fair credit. The minimum credit score to apply is 650.

What are the relevant APRs?

This business credit card has a variable purchase APR that ranges from 11.99% up to 21.99%. The card has a variable balance transfer APR that ranges from 11.99% up to 21.99%.

It also has a variable cash advance APR starting at 23.99% . Note that late payments are subject to an APR of 26.74% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does it have an introductory APR offer?

Yes, this business card offers an introductory APR rate on balance transfers of 0% for a period of 2 months from account opening.

This business card does offer an introductory APR rate on new purchases of 0% for a period of 2 months.

KeyBank business Rewards credit card Rates & Terms
Purchase APR 11.99% - 21.99%
Balance Transfer APR 11.99% - 21.99%
Cash Advance APR Starting at 23.99%
Penalty APR 26.74%

What fees does it charge?

The following fees apply to this business credit card:

  • There is no annual fee.
  • A late payment penalty of up to $39.
  • An overlimit fee of $39.

Does it charge a foreign transaction fee?

This business card charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this business card at home and apply for one that doesn't charge a foreign transaction fee.

KeyBank business Rewards credit card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 3%
Balance Transfer Fee 3%
Minimum Balance Transfer Fee $10
Late Payment Fee up to $39

Does it offer a cash back rewards program?

This business credit card offers a rewards program to its customers. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

  • Gas stations
  • Restaurants

Does it have a sign up bonus?

This business credit card doesn't offer a cash signup bonus.

Does it offer an annual loyalty bonus?

This business card doesn't offer a cash loyalty bonus.

Can I get it with just an employer identification number (EIN)?

You can apply for this business credit card with your EIN number, but expect the credit card issuer to also require your Social Security number. This is because, as with most business cards, it requires you to personally guarantee the line of credit.

What are the benefits?

This business credit card provides the following benefits:

  • Fraud Liability
  • Travel Assistance
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (202) 803-5275.

Does KeyBank Business Rewards Card report your account activity to credit bureaus?

Yes, KeyBank Business Rewards Card reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply?

  • Visit the KeyBank .
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From KeyBank Business Rewards Card

Earn, redeem, grow. All with no annual fee. Manage your expenses with a card that can help you reach your business goals. With up to 2% unlimited cash back on purchases, plus a $200 welcome bonus, you can put your rewards right back into your business.

Feature Breakdown

Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 2 months
Annual Fee $0
No Annual Fee
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee (%) Up to 4%
Cash Advance Fee Minimum $10
Foreign Currency Transaction Fee 3%
Late Fee Amount Up to $39
Minimum Cash Advance Fee ($) Starting at $10
Minimum Interest Charge $0.50
Over-Limit Fee $39
Customer Type Business
Minimum Age 18
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Fraud Liability
  • Travel Assistance
Rewards Rates
  • Travel
  • Gas
  • Restaurants
Signup Bonus Up to $200
Balance Computation Average daily balance method (including new purchases)
Cash Advance APR (Variable APR) Starting at 23.99%
Penalty APR (Variable APR) 26.74%
Purchase APR (Variable APR) 11.99% - 21.99%
Balance Transfer Fee % 3%
Balance Transfer Fee Minimum $10
Balance Transfer Intro APR Period (Variable APR) 2 months
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer APR (Variable APR) 11.99% - 21.99%
Card Network Mastercard
Card Type
  • Rewards

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