Chase vs. KeyBank Business Credit Cards

(February 2025)

Chase vs. KeyBank Business Credit Cards

In This Article

Our Verdict

Chase-vs-KeyBank-Business-Credit-Cards

When it comes to business credit cards, Chase wins over KeyBank. Both Chase and KeyBank have some great options; both offer cards with rewards programs that can be beneficial for businesses, but there are some differences to consider.

Chase offers a wider variety of cards, including the Ink Business Preferred, Ink Business Unlimited, and Ink Business Cash. These cards offer a range of benefits, including cash back, travel rewards, and purchase protection.

KeyBank, on the other hand, offers the Key Business Rewards card, which offers cash back and travel rewards. When choosing a business credit card, it’s important to consider your specific needs and preferences.

Why Choose Chase Business Credit Cards

Why-Choose-Chase-Business-Credit-Cards

Who Chase Business Credit Card Is Best For?

Chase business credit cards are best for you if:

  • Want to earn rewards for your business spending.
  • Are looking for a card with no annual fee.
  • Desire a card with a sign-up bonus.
  • Want to be able to earn rewards on a variety of business expenses.
  • Need a card with flexible redemption options.
  • Want to be able to add employee cards for free.
  • Are looking for a card with purchase protection and extended warranty coverage.

Who Chase Business Credit Cards Isn’t Best For?

Consider an alternative if your:

  • Businesses have very low or no business expenses.
  • Businesses want to keep track of reward points.
  • Businesses want a card with a very high credit limit.
  • Businesses want a card with more travel benefits, like lounge access or elite status.
  • Businesses want to earn rewards in specific categories, like gas or dining.

Why Choose KeyBank Business Credit Cards

Why-Choose-KeyBank-Business-Credit-Cards

Who KeyBank Business Credit Card Is Best For?

KeyBank business credit cards are best for you if you are a small business owner who:

  • Desire a card with no annual fee.
  • Care for a card with a low minimum credit score requirement.
  • Want to earn cash back on all their business purchases.
  • Hope for the flexibility to use their rewards for a variety of purposes, including cash back, statement credits, and gift cards.
  • Looking for simple, no-fuss credit cards that reward their small business.
  • Do not want to keep track of different reward categories.
  • Do not need a high credit limit.

Who KeyBank Business Credit Cards Isn’t Best For?

KeyBank business credit cards may not be the best fit for you if you have:

  • Businesses that spend a lot of money on specific categories, like travel or office supplies.
  • Businesses that want to earn travel perks, like lounge access or elite status.
  • Businesses that want to earn the highest possible reward rate on their spending.
  • Businesses that want to earn a sign-up bonus.
  • Businesses that have a very high credit score.

Main Differences

Chase Business Credit Cards KeyBank Business Credit Cards

Annual fee

Chase business credit cards have annual fees ranging from $0 to $95.

KeyBank business credit cards have no annual fees.

Credit score requirements

Chase business credit cards require good to excellent credit.

KeyBank business credit cards have lower credit score requirements.

Rewards categories

Chase business credit cards offer rewards in specific categories, like travel, dining, and office supplies.

KeyBank business credit cards offer rewards on all purchases.

Perks and benefits

Chase business cards offer more perks and benefits.

KeyBank business cards have fewer incentives.

Variety of cards

Chase offers a wider variety of business credit cards.

KeyBank selection is more limited.

Customer service team

Chase has a larger customer service team and a more extensive online banking platform.

KeyBank’s customer service team is available during regular business hours.

Standout Features

Chase Business Credit Cards

Chase-Business-Credit-Cards

Ultimate Rewards points

Ultimate Rewards points, which are earned on many Chase business credit cards, are some of the most valuable points available. They can be redeemed for a wide range of travel rewards, cash back, gift cards, and more.

Fraud protection

Chase business credit cards come with comprehensive fraud protection, including zero liability protection and real-time fraud monitoring.

Global acceptance

Chase business credit cards are accepted at more than 40 million locations worldwide. This makes them a great choice for businesses that conduct international transactions.

KeyBank Business Credit Cards

KeyBank-Business-Credit-Cards

Relationship bonuses

KeyBank offers relationship bonuses, which allow you to earn extra cash back when you have a checking or savings account with the bank.

Flexible redemption options

You can redeem your rewards for cash back, statement credits, gift cards, merchandise, or travel. This means you can tailor your rewards to fit your needs and preferences.

No foreign transaction fees

KeyBank business credit cards don’t charge foreign transaction fees, which can save you money on international purchases.

No annual fees

As mentioned, KeyBank business credit cards don’t have annual fees, which can help you save money in the long run.

Pros and Cons of Chase Business Credit Cards

Pros-and-Cons-of-Chase-Business-Credit-Cards
  • Offers a variety of business credit cards, so you can find one that fits your needs.
  • Provides generous rewards rates, including some of the highest earning rates on the market.
  • Offers rewards points that can be transferred to a variety of travel partners, including some of the world’s leading airlines and hotel chains.
  • Offers great sign-up bonuses that can be worth hundreds of dollars.
  • Has excellent customer service. Chase business cardholders have access to 24/7 customer support, as well as online tools and resources to help manage their accounts.
  • Provides no annual fees.
  • Has minimum spending requirements to earn sign-up bonuses.
  • Offers limited redemption options.
  • Requires difficult requirements that may be difficult for small businesses to meet.
  • Offers foreign transaction fees. This can be a drawback for businesses that do a lot of international transactions.
  • Has long customer service wait times.

Pros and Cons of KeyBank Business Credit Cards

Pros-and-Cons-of-KeyBank-Business-Credit-Cards
  • Has no annual fees, which is a significant benefit for businesses on a budget.
  • Offers flexible redemption options, including cash back, statement credits, and gift cards.
  • Provides low credit score requirements, making them a good option for businesses with less-than-perfect credit.
  • Gives free employee cards.
  • Offers relatively low reward rates.
  • Has limited travel benefits, such as lounge access or travel insurance.
  • Provides limited customer service.
  • Offers no sign-up bonuses.

Customer Reviews

Chase has a rating of 4.2 out of 5 on Trustpilot, based on 8,372 reviews. Customers reviewed Chase’s excellent app and service support. However, some customers expressed their disappointments about the bank’s closure of accounts without any prior notice.

KeyBank gets a rating of 1.5 out of 5 on Trustpilot based on 85 reviews. Customers complained about how it doesn’t support small businesses and has poor customer service. However, some positive reviews of the feature available to lock and unlock debit cards were acknowledged.

Competitors

American Express

Consider American Express; they offer a range of business credit cards with different benefits and features. They have cards for small businesses, mid-sized businesses, and large enterprises. Their most popular business credit card is the American Express Business Platinum Card, which offers perks like airport lounge access, travel insurance, and purchase protections. American Express is known for its excellent customer service and for offering some of the best business credit cards on the market.

Bank of America

Bank of America is another major provider of business credit cards, with options for small businesses, mid-sized businesses, and large enterprises. Bank of America’s most popular business credit card is the Bank of America Business Advantage Cash Rewards card, which offers cash back rewards on business purchases. Bank of America also offers a range of other perks, like low introductory interest rates and free FICO score tracking. Like American Express, Bank of America is known for its customer service and range of business credit card options.

Capital One

Consider Capital One for its variety of business credit cards, with options for small businesses, mid-sized businesses, and large enterprises. Their most popular business credit card is the Capital One Spark Cash for Business card, which offers unlimited 2% cash back on all purchases. Capital One also offers a range of other benefits, like free employee cards, fraud protection, and 24/7 customer service. Capital One has a reputation for being easy to work with and for offering some of the best rewards programs for business credit cards.

Citi

Citi offers a range of business credit cards through its CitiBusiness brand, with options for small businesses, mid-sized businesses, and large enterprises. One of their most popular business credit cards is the CitiBusiness Advantage Platinum Select card, which offers travel rewards and benefits like free checked bags and priority boarding. Citi also offers perks like purchase protection, fraud protection, and extended warranty coverage.

Wells Fargo

Wells Fargo offers business credit cards through its Wells Fargo Business division, with options for small businesses, mid-sized businesses, and large enterprises. Wells Fargo’s most popular business credit card is the Wells Fargo Business Platinum card, which offers rewards like 1% cash back on all purchases and zero liability protection. Wells Fargo also offers other benefits, like online account management and 24/7 customer service.

Discover

Discover is a well-known and highly-rated credit card company. It offers a variety of cards, including cash back cards, travel cards, and student cards. One of its most popular cards is the Discover It Cash Back card, which offers 5% cash back on rotating categories each quarter. Plus, Discover offers a number of other perks, like no foreign transaction fees, free FICO scores, and free identity theft protection.

Ink Business Unlimited Credit Card

This card is a popular choice among small business owners. It has no annual fee and offers a flat rate of 1.5% cash back on all purchases. The card also has a 0% introductory APR for the first 12 months, making it a good choice for business owners who need to finance large purchases. It’s a good option for businesses that want a no-frills cash back card.

Pro Tips

Chase vs KeyBank Business Credit Cards Pro Tips
  • Compare reward rates and redemption options. Look at the different rewards rates and redemption options offered by different cards to find the best fit for your business.
  • Consider any annual fees. Annual fees can add up, so be sure to consider whether the benefits of a card are worth the cost.
  • Read the fine print. Make sure you understand the terms and conditions of any card you’re considering, including any fees, rewards programs, and interest rates.
  • Check your credit score. Knowing your credit score can help you determine which cards you’re likely to be approved for. Many business credit cards require good to excellent credit.
  • Don’t be afraid to negotiate. If you’re a loyal customer or have good credit, you may be able to negotiate a lower interest rate or a higher credit limit.
  • Don’t overspend. It’s important to manage your spending responsibly, even if you have a business credit card. Overspending can lead to debt and negative consequences for your business.

Recap

Chase and KeyBank offer a variety of business credit cards with different features and benefits. While KeyBank’s cards have no annual fees, Chase’s cards offer higher rewards rates and more redemption options. Both banks have good customer service and online account management tools.

It’s important to consider the specific needs of your business when choosing a card and to carefully review the terms and conditions before applying. Additionally, don’t forget to check your credit score and always spend responsibly.

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