How to Make the Most of Your KeyBank Cash Back Credit Card

iEditorial Note: These blog posts represent the opinion of DoNotPay’s Writers, but each person’s situation and circumstances vary greatly. As a result, you should make sure to do your own independent research. Because everyone is unique, our self-help tools are never guaranteed to help with any specific situation. DoNotPay is not a law firm and is not licensed to practice law. DoNotPay provides a platform for legal information and self-help.

How to Make the Most of Your KeyBank Cash Back Credit Card

Using a credit card to consistently get cashback can lead to huge savings, although knowing the details before getting started is critical. If you're looking to tap the benefits of the , you could end up with savings of up to 2% on all purchases if you meet the criteria. Although reading through all the fine print is one way to go, DoNotPay can also simplify the process and help get you the savings you're looking for with only a few clicks.

The Essentials to Know About the KeyBank Cash Back Credit Card

The (also called the Key Cashback Credit Card) offers some excellent rewards—especially if you have an account with KeyBank. Here are some of the main details to know about before signing up for a Key Cashback card:

Cash Back2% cashback on all purchases for Key customers with regular direct deposits; 1.5% for everyone else
Cash Back Match x2No
Can I Redeem Rewards for Cash?Yes
Do Cash Back Rewards Expire?No
Annual FeeNo

Other Important Details for the KeyBank Cash Back Credit Card

As with all cash-back credit cards, you need to know what you're getting yourself into before applying for a Key Cashback Credit Card. One of the main things to know about the Key Cashback Credit Card is that it doesn't limit you to gas and groceries, which used to be an industry standard for credit card rewards. Consider these details and stipulations beforehand:

  • A checking account is needed for a full 2% cashback.
  • Monthly direct deposits of $1,000 or more are required for 2% cashback.
  • Cash rewards are issued as a statement credit.
  • There are no limits on how much cash you can get back.
  • The cashback rate can fluctuate.

The Key Cashback card is partially designed to get you to sign up for a KeyBank checking account or to remain a customer if you already are one. To qualify for 2% cash rewards on all purchases, you need to have a checking account and make a deposit of $1,000 or greater from an outside source every single month; health savings accounts do not qualify.

If you deposit $1,000 one month and less than $1,000 the next, you get 2% cashback for the first month and 1.5% cashback for the second. But even if you are not a KeyBank customer at all, you will still get 1.5% back on all purchases.

Summary of Supplemental Features and Interest Rates

Even though you're mostly getting the card for cash rewards, don't forget to look into all of the other features as well. Through its association with MasterCard, the KeyBank card offers car-rental coverage, identity-theft protection, liability protection from unauthorized purchases, and more.

Knowing your interest rates is also critical. For the KeyBank Cashback Credit Card, customers can expect 0% interest on balance transfers for up to 12 months, though your interest rate will spike to between 16.99% and 23.99% after the promo period ends. Cash advances will also be charged 23.99% interest for cash advances and between 16.99% and 23.99% for all other purchases—depending on your credit score.

How to Get Cash Back With a KeyBank Credit Card on Your Own

With so many credit cards to choose from, here is a step-by-step guide to utilize before applying for a KeyBank Credit Card:

  1. Look over all of the card details
  2. Check your credit score on your own
  3. Read the Key terms and conditions
  4. Compare Key Cashback Credit Card with other similar cards
  5. Fill out application
  6. Immediately activate your card to start receiving rewards

After reviewing the card details, it's a good idea to check your credit score before proceeding. If you already have a credit card, you should be able to easily check your score with a soft inquiry; once you apply for a new credit card, usually a hard inquiry is initiated. While a hard inquiry only temporarily drops your credit score, you should know where your credit stands before getting the process started.

Additionally, it's always a good idea to shop around before applying for a card, ensuring you're getting the right card for you. You also might want to learn the basics of how cashback credit cards work before beginning the process.

Simply the KeyBank Credit Card Cash Back Process With DoNotPay

Instead of taking the time to do it all yourself, can automate the process with only three steps:

  1. Search for Cash Back on the DoNotPay website.

  2. Kick-off the process to find the right app or website for you.

  3. Answer some specific questions so that we can help you start making money!

DoNotPay will then take it from there, quickly sending you on a path to getting cashback rewards as soon as possible.

Related Cash Back Services Offered by DoNotPay

DoNotPay can help you find all the best cashback credit cards and cash rewards from individual stores. An incomplete list of the other stores and credit cards DoNotPay can assist with includes:

Beyond Cash Back: The Perfect Personal Assistant

There are so many ways that DoNotPay can assist you, from simplifying everyday situations to handling more difficult problems that require some legal expertise. Consider these services that can save you time and headaches:

With so many services to choose from, DoNotPay always has you covered.

Want your issue solved now?