Keybank Releasing New Credit Card

[Anonymous]

Hello all, 

Just wanted to share with you guys a new credit card that is being released by Keybank on June 28th for the public. Keybank is releasing a new rewards card on June 28th that is similar to the QuickSilver offered by CapitalOne. Only difference is that your cashback is detemined off of your relationship with Keybank.

The card will be offering unlimited 1.5% cashback on all purchases. Now, if you have a full relationship with Keybank and meet these two requirements, you can earn an unlimited 2% cashback on all purchases. You must have a checking account with Key that has at least $1,000 in deposits a month. AND you must maintain a minimum daily balance of $1,000 in either a savings or investment account. 

The card will have a weak $100 bonus when you spend $500 within 60 days of opening. Oh, and 12 months 0% APR for balance transfers.

That's all. 

[AverageJoesCredit]

Seems steeper than the Penfed Powercash. I would argue getting $100 back for only $500 is pretty nice but then again, im no bonus chaser so probably seems small to non average folk

[pinkandgrey]

Not a bad way to encourage existing customers to try new products. However, I’ll just stick with my Citi DC, which has no stipulations. 

[Anonymous]

They do have an amazing employee offer for the card. Get $300 back when you spend $500 in the first 60 days. Originally wasn't going to apply for it right away, but once they released the information on the employee offer... I might app for it on the 10th (Release date for employees).

[MyDataMyChoice]

If you happen to Bank with Key Bank and you LIKE keybank.... sounds great. I don't think this card will get the myfico effect for 1.5% cash back... MAYBE 2%... you can get that with PayPal / Citi / SDFCU / Penfed, etc...

[Anonymous]

It's always nice to know when a new card is coming.  Not very exciting though.

[AverageJoesCredit]

Is Keybank regional or nationwide?

[Anonymous]

Keybank is regional. I was very excited when i first found out they had a new card in the making, but very disappointed when the info was released. They could of done better.

[Save-n-Invest]

Thanks for the info. Key is my primary bank and I meet the criteria. I may look into it. The bonus is not weak IMO. Key will pay the bonus if they say they will.

[CreditMagic7]

Long time forum member 12njoy will be thrilled to find this out.

They have (4) (yes you see that right) KeyBank credit cards already that are still growing and posted in the approvals forum as much a couple weeks ago.

I'm out of footprint so no try from this end