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  KeyBank Preferred Credit Line

KeyBank Preferred Credit Line

in Personal Lines of Credit from KeyBank National Association

Unaffiliated

KeyBank Preferred Credit Line

Unaffiliated

in Personal Lines of Credit from KeyBank National Association

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Highlights
Highlights
Loan Amount $250 - $50,000
APR  (Variable APR) 9.24% - 24.24%

KeyBank Preferred Credit Line Review

Where does KeyBank Preferred Credit Line do business?

KeyBank Preferred Credit Line is a bank based in Cleveland, OH. that was founded in 1929. KeyBank Preferred Credit Line is offered in 15 state s across the USA.

What are the APRs offered via KeyBank Preferred Credit Line?

KeyBank Preferred Credit Line offers personal lines of credit with variable APRs starting from 9.24% to 24.24%.

Does 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 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 .

Does KeyBank Preferred Credit Line charge prepayment fees?

No, KeyBank Preferred Credit Line does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit off and close the account.

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 line of at least $250 and as much as $50,000. .

KeyBank Preferred Credit Line Fees
Cash Advance Fee up to $10.
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee $35

What do you need to qualify for a line of credit with KeyBank Preferred Credit Line?

KeyBank Preferred Credit Line doesn’t disclose its credit score minimum. The minimum age to apply for a line of credit is 18 or the state minimum, whichever is higher.

KeyBank Preferred Credit Line only considers borrowers who are employed, or have a regular source of income or benefits

Active duty servicemembers and their covered dependents are not considered covered borrowers. In other words, they are eligible to apply for a line of credit via KeyBank Preferred Credit Line. Their rates fall within the limits of The Military Lending Act. Only U.S. citizens and permanent residents can apply for a line of credit.

To qualify, applicants may need to provide the following documentation:

  • Driver's license
  • Applicants must have an active and valid checking account
  • 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 provide a credit approval decision in less than an hour and fund the line of credit within 7 business day s .

Does KeyBank Preferred Credit Line report your account activity to credit bureaus?

KeyBank Preferred Credit Line reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for KeyBank Preferred Credit Line

  • Visit the KeyBank National Association website.
  • 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.
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Contact

  • Headquarters
  •   127 Public Square
    Cleveland, OH 44114 USA
  •   Visit Site

Other Services by KeyBank National Association

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 15 states
  • Alabama
  • Colorado
  • Connecticut
  • Idaho
  • Indiana
  • Maine
  • Massachusetts
  • Michigan
  • New York
  • Ohio
  • Oregon
  • Pennsylvania
  • Utah
  • Vermont
  • Washington

Feature Breakdown

No Origination Fee  
No Prepayment Fee  
Annual Fee $50
Late Fee Amount $35
Cash Advance Fee (%) Up to 10%
Minimum Payment $20
Minimum Age 18
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Bank Account Required  
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Joint Loan Applications Accepted
  • Cosigner
Verification Documents Required
  • Proof of Identity
  • Driver License (or other photo ID)
Loan Amount $250 - $50K
APR (Variable APR) 9.24% - 24.24%

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