Last Updated: 04/18/2025
KeyBank Preferred Credit Line
Claimed
in Personal Lines of Credit from KeyBank
Last Updated: 04/18/2025
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Highlights
Amount Range
$250 - $50,000
APR (Variable APR)
9.24% - 24.24%(Verified 06/21/2024)
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KeyBank Preferred Credit Line Review
KeyBank Preferred Credit Line is offered through KeyBank, a financial services company founded in 2009 and based in Cleveland, OH. Key Bank line of credit are available in 15 states.
KeyBank Preferred Credit Line FAQ
What APRs does KeyBank Preferred Credit Line offer?
KeyBank Preferred Credit Line offers a variable APR that ranges from 9.24% APR up to 24.24% APR.
Does the KeyBank Preferred Credit Line charge an origination fee?
No, KeyBank Preferred Credit Line does not charge an origination fee.
An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.
Does the KeyBank Preferred Credit Line charge a cash advance fee?
Yes, KeyBank Preferred Credit Line may charge a fee of up to 10% of the amount of each cash advance. .Does KeyBank Preferred Credit Line charge a late fee?
Yes, KeyBank Preferred Credit Line may charge borrowers a late payment fee of up to $35 .How much can you borrow via KeyBank Preferred Credit Line?
Upon approval and based on your credit worthiness, your KeyBank Preferred Credit Line personal line of credit will be assigned a credit limit of at least $250 and as much as $50,000. .
| Cash Advance Fee | up to $10. |
| Origination Fee | No |
| Prepayment Fee? | No |
| Late Payment Fee | $35 |
| Statement Balance Fee | No |
| Billing Cycle Charge | No |
What do you need to qualify for KeyBank Preferred Credit Line?
KeyBank Preferred Credit Line does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher. KeyBank Preferred Credit Line does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by KeyBank Preferred Credit Line.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Driver's license or other government photo ID
- Proof of identity
What is the estimated funding time for a personal line of credit via KeyBank Preferred Credit Line?
KeyBank Preferred Credit Line will typically fund personal lines of credit within 7 business day s of approval.Does KeyBank Preferred Credit Line report your account activity to credit bureaus?
Yes, KeyBank Preferred Credit Line reports to the following credit bureaus:
- 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 build your credit.
Does KeyBank perform a hard credit pull?
Yes, Key Bank line of credit performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for KeyBank Preferred Credit Line
- Visit the KeyBank Preferred Credit Line website.
- Fill in the application form. You will typically need to provide general information such as your name, address, email address, Social Security Number, source of income and employment, and checking account information.
- Check the information is accurate and submit your application.
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