How to Get a KeyBank Business Credit Card

(April 2024)

How to Get a KeyBank Credit Card

In This Article

If you’re ready to take control of your expenses, enhance your cash flow, and reap enticing rewards, KeyBank’s business credit cards are your essential companions on the path to success. When it comes to driving your business forward, having the right financial tools in your arsenal is paramount. KeyBank Business Credit Card is a unique solution for your business.

KeyBank offers options like KeyBank Business Card, Business Rewards Card, and Business Cash Rewards Card.

To get a KeyBank business credit card

  1. Know KeyBank Business Credit Card Types
  2. Assess and Improve Your Credit Rating
  3. Ensure Your Eligibility for a KeyBank Business Credit Card
  4. Apply for a KeyBank Business Credit Card
  5. Await Approval Decision
  6. Receive and Activate Your KeyBank Business Credit Card

Recap

Fascinating, right? Read further.

1. Know KeyBank Business Credit Card Types

To acquire a KeyBank business credit card, know KeyBank credit card types.

  • KeyBank Business Cash Rewards Card:
    • Get up to 2% cash back on eligible purchases.
    • Unlock a $200 cash-back bonus when you spend $1,000 within the initial 60 days of opening your account.
    • Benefit from no annual fee and unlimited rewards with no reward caps.
    • Take advantage of a 0% introductory APR for your first 6 months for both purchases and balance transfers.
    • Transition to a competitive variable APR ranging from 19.24% to 29.24%.
    • Access Mastercard perks like Receipt Management, ID Theft Protection, and exclusive business discounts.
  • KeyBank Business Rewards Card:
    • Earn a whopping 5X reward points on your eligible purchases.
    • Seize the opportunity to earn 100,000 points as a bonus when you spend $1,000 within the initial 60 days of opening your account.
    • Embrace the benefits of no annual fee and limitless rewards with no reward ceilings.
    • Utilize a 0% introductory APR for your first 6 billing cycles for both purchases and balance transfers.
    • Transition to a competitive variable APR ranging from 17.24% to 27.24%.
    • Enjoy Mastercard perks like Receipt Management, ID Theft Protection, and exclusive business discounts.
  • KeyBank Business Card:
    • Secure a low-interest rate for both purchases and balance transfers.
    • Enjoy 0% APR for the first 6 months.
    • Experience the convenience of no annual fee and a straightforward approach without a rewards program.
    • Tailor your card experience with a variable APR ranging from 16.24% to 26.24%, based on your creditworthiness.
    • Access Mastercard perks like Receipt Management, ID Theft Protection, and exclusive business discounts.

2. Assess and Improve Your Credit Rating

To secure a KeyBank business credit card, assess your credit score.

  • Check Your Credit Score: Get your FICO score from Equifax, Experian, or TransUnion via AnnualCreditReport.com to understand your credit standing.
  • Review Your Credit Report: Scrutinize your credit report for errors affecting your score. Dispute inaccuracies with credit reporting agencies.
  • Boost Your Credit Score: If your score is low, enhance it by paying bills promptly, reducing credit card balances, limiting new credit applications, and diversifying credit types.
  • Build Business Credit: Strengthen your business credit by opening accounts, paying on time, and maintaining a positive credit utilization ratio.

3. Ensure Your Eligibility for a KeyBank Business Credit Card

To obtain a KeyBank business credit card, ensure you are eligible for a KeyBank business credit card.

  • Ensure you are at least 18 years old and hold U.S. citizenship or permanent residency status.
  • Acquire either a valid Social Security number or an Employer Identification Number (EIN).
  • Open or maintain a business checking account with KeyBank. If you don’t have one, it’s important to set it up before proceeding with your business credit card application.
  • Maintain a credit score ranging from good to excellent, generally above 640. A solid credit history is crucial for your application.
  • Collect essential details about your business, including its name, address, contact number, industry, annual revenue, and number of employees.
  • Compile accurate information regarding your personal income and expenses. This includes details like your monthly housing payment and any existing debt obligations.

4. Apply for a KeyBank Business Credit Card

To get a KeyBank business credit card, apply for a KeyBank business credit card.

  • Select the Right Card for Your Business Needs:

Choose a KeyBank business credit card that aligns with your specific business objectives. You can analyze features, benefits, and fees on KeyBank’s official website or ask for more information.

  • Confirm Your Eligibility:

Ensure you meet the eligibility criteria for a KeyBank business credit card.

  • Compile Essential Documentation and Information:

Collect the necessary documents and details you need for your application. The necessary documents needed to apply for a KeyBank Business Credit Card are:

  • Proof of identity, such as a driver’s license or passport
  • Proof of business ownership, such as a business license or tax return
  • Information about your business, such as its name, address, phone number, industry, annual revenue, and number of employees
  • Information about your personal income and expenses, such as your monthly housing payment and other debt obligations

 

  • Submit Your Application:

Apply online, via telephone, or in person at a nearby KeyBank branch. Complete the application form – provide accurate personal and business details, and agree to the terms and conditions. Based on your unique situation, you may be prompted to provide supplementary information or documents.

5. Await Approval Decision

To receive a KeyBank business credit card, await an approval decision for your KeyBank business credit card.

Allow KeyBank time to evaluate your application. The duration of the assessment process can vary from minutes to several days, owing to factors like your credit history. Pay attention to an email or phone call from KeyBank indicating its decision and the ensuing steps.

6. Receive and Activate Your KeyBank Business Credit Card

To procure a KeyBank business credit card, receive and activate your KeyBank business credit card.

Upon approval, anticipate the arrival of your credit card within 7 to 10 business days via mail. Initiate card activation either online or through phone instructions. Start using your card for your business expenses. You are also able to manage your account efficiently via the KeyBank mobile app or online platform.

Recap

To obtain a KeyBank business credit card, first know the different KeyBank business credit card types available. Next, assess and work to enhance your credit rating, as a stronger credit score improves your chances of approval.

Then, ensure you meet KeyBank’s eligibility criteria for its business credit cards. Once you’re eligible, proceed to apply for a KeyBank business credit card.

Following this, await an approval decision on your application. If approved, you can then activate your KeyBank business credit card and start benefiting from its features and advantages.

Become a

S'witty Kiwi Credit Insider!

Get the latest credit tips and hacks in your inbox!