KeyBank Business Rewards Mastercard® Credit Card

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Last updated on July 18th, 2021

KeyBank Business Rewards Mastercard® Credit Card

Earn Unlimited Cash Back

KeyBank Business Rewards Mastercard® Credit Card
  • Regular Purchase APR 11.99% to 21.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 11.99% to 21.99% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 23.99% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Good , Fair
  • Intro Purchase APR 0% for 6 months from account opening date
  • Processing Network Mastercard
Best Benefits
  • 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
Rates & Fees
  • Intro Purchase APR: 0% for 6 months from account opening date
  • Regular Purchase APR: 11.99% to 21.99% 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: 11.99% to 21.99% 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
  • Cash Advance APR: 23.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, 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
Credit Card Deals

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.

Ideal for Those Who:

  • Own or operate a business
  • Want a credit card that gives back as you use it
  • Want a points-based rewards program with an appealing signup bonus
  • Don’t want to pay an annual fee
  • Bank with KeyBank already
  • 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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