KeyBank Cashback Card Now Released (1.5-2% Back On All Purchases)

Update 6/25/19: Card has now officially launched.

Keybank is rumored to be releasing a new card on June 28th, 2019.

Card Basics

  • Sign up bonus of $100 after spending $500 within the first 60 days of account opening
  • Card earns 1.5% on all purchases or 2% on all purchases if the following requirements are met:
    • Have a checking account with Keybank that has at least $1,000 in deposits a month
    • Maintain a minimum daily balance of $1,000 in either a savings or investment account
  • 0% APR on balance transfers for 12 months

Our Verdict

Overall not exciting at all, small sign up bonus and plenty of other card issuers offer 2% cash back on all purchases (or more) with no requirements.
    William Charles
  • On June 25, 2019, 21:00

View Comments (23)

  • Not sure where all the other 2% cash back cards are he is talking about. Only one I know of without any requirements (Like Fidelity you need a Fidelity investment account or cash account) and that’s citi double cash. The 2% back beats chase freedom unlimited, capital one quicksilver, and any other card with 1.5% back, and yo7 don’t have to keep track of rotating categories like others. Your cash back is also available immediately unlike most other cards. This is a great card in my opinion, as long as you bank with key bank it should be easy to meet the requirements.

  • Unfortunately there is a 3% foreign transaction fee. But there is an interesting tidbit:
    "Transactions originating in Canada are excluded from this fee"

  • Last I recall, the other rewards card waant 1cpp...so is this one going to be the same I wonder? I have an acct for checking, as they are super Moneygram friendly....

  • If you didn't have to be a Key Bank account holder I would consider this. I'll sign up for any credit card with a cash bonus (I know DOC readers attack me for this) but I also only sign up for Bank Accounts with one as well.

    For some reason Key Bank refuses to let their NYC branch have the offers they usually do with others.

  • Hopefully won't have foreign transaction fees. Then it would be a good 2% card on everything when travelling.

    • But its no where near Citi DC. Why need to barge in the min. reqs when you can getaway with Citi doing nothing.

    • The Penfed Power Cash Visa signature credit card has all that, 2% cash back on everything, no foreign transaction fees, no annual fees, anyone can join

      • the Penfed Power rewards is actually less then 2%. Check the return. Its like 1.8%

        • The PenFed Pathfinder (AmEx) earns points which are worth ~0.85 cents each, and has category bonuses. If one of the categories was 2x, that would be 1.7% like you've mentioned (but the categories are actually 1.5x and 3x or 4x, so 1.3% and 2.6% or 3.4%).

          The PenFed Power Cash (Visa) that was mentioned earns straight cash back, at 1.5% or 2.0%. Minimum redemption is/was $5.

        • the only real 2% cards are the Fidelity which must be linked to a Fidelity acct and the Citi double card. Some BOA are 3 % for online GCM purchase but limited each quarter. This could be good it they tolerate MS.

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