| Last updated on October 27th, 2023
KeyBank Business Rewards Mastercard® Credit Card
KeyBank Business Rewards Mastercard® Credit Card
KeyBank Business Rewards Mastercard® Credit Card
- 17.24% to 27.24% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 17.24% to 27.24% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 0% for 6 months from account opening date Intro Purchase APR
At a Glance
A step above a traditional business credit card, the KeyBank Business Rewards Mastercard is a smart choice for proprietors who need more purchasing power and also want to get rewarded as they cover costs.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Earn 10 points per $1 in combined purchases on gas, restaurants, travel, and telecommunications
- Earn 5 points per $1 in other eligible purchases
- Earn 100,000 bonus points when you spend $1,000 within the first 60 days from opening an account
- Introductory 0% APR for 6 months on purchases and balance transfers
- No annual fee
- Intro Purchase APR: 0% for 6 months from account opening date
- Regular Purchase APR: 17.24% to 27.24% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for 6 months on transfers made within 60 days from account opening date
- Balance Transfer APR: 17.24% to 27.24% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $10 or 4% of the amount of each transfer, whichever is greater
- Penalty APR: 29.99% variable based on the Prime Rate
- Foreign Transaction Fee: 3% of the amount of each transaction in U.S. dollars
- Late Payment Penalty Fee: Up to $39
- Over Limit Penalty Fee: $39 per cycle
- You own or operate a business
- You want a credit card that gives back as you use it
- You want a points-based rewards program with an appealing signup bonus
- You do't want to pay an annual fee
- You bank with KeyBank already
- You can take advantage of an introductory 0% APR offer for either purchases or balance transfers
KeyBank Business Rewards Mastercard® Credit Card Review
The KeyBank Business Rewards Mastercard is a more robust version of KeyBank’s Business Mastercard®, boosted by a rewards program that earns points on every purchase. With this card you earn unlimited 2% cash back per $1 spent on all eligible purchases (cash advances, balance transfers, and similar transactions are considered ineligible).
New cardholders also enjoy a $200 cash back bonus after spending $1,000 on purchases within the first 60 days of having an account. This sign-up bonus is the same value as the card’s previous bonus – 100,000 points, but tailored to fit the new cash back approach of the card.
Since cash abck rewards are counted as points. that would put the value of a single point at $0.002. Many other card issuers value their rewards points at around $0.1 apiece, meaning you’d need a much higher points tally with KeyBank to reap the same amount of rewards.
Points are not the only reason why you might consider the KeyBank Business Rewards Mastercard®, though. Beside the signup bonus, new customers who open an account are also granted an introductory 6-month grace period at 0% APR.
This offer is good for both purchases and balance transfers, thus giving you multiple opportunities to save money down the road. You could move a balance on which you’re paying a higher APR and erase it at no extra cost, or you might get through a costly business expense that will take a few months to pay off and will require you to carry a balance.
Should You Apply for the KeyBank Business Rewards Mastercard® Credit Card?
While it’s not the most enticing horse in the business credit card stable, the KeyBank Business Rewards Mastercard® can give you the necessary financial boost to take care of overhead or advance your company’s goals forward. Plus, the card has no annual fee, which gives it a leg up over similar cards that offer rewards programs.
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