Key Secured Credit Card®
Build your credit.1 Enjoy progress.
A strong credit history can help you on your financial path. Whether you’re ready to establish your credit history or want to improve it, a Key Secured Credit Card could help you make progress.
Overview
| Introductory APR |
N/A |
|---|---|
| Regular APR | 27.49% |
| Annual Fee | $02 |
| Late Payment Fee |
Up to $40 |
| Minimum Interest Charge |
$0.50 |
Features of the Key Secured Credit Card
- No Annual Fee.
- Make a refundable deposit. Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $300.2
- Grow your savings. Your security deposit must be kept in a Key Active Saver account, so you can save money while you work on your credit.
- Build your credit. Unlike most debit or prepaid cards, the Key Secured Credit Card is a real credit card that reports your history to credit bureaus.
- Make progress. We’ll review your account quarterly to determine whether you meet the criteria to graduate from a secured to an unsecured credit card.
Benefits of KeyBank Credit Cards
- Know your credit score. Opt in to view your FICO® Score anytime without impacting your credit score in KeyBank online and mobile banking.3
- Secure and easy to use. Check out quickly and securely with contactless Tap & Go® technology.
- All the benefits of Mastercard®. Your Key credit card comes with ID Theft Protection™, Zero Liability Protection,4 and more.
Open a Key Secured Credit Card today!
New to KeyBank?
If you’re not a KeyBank client yet, visit a branch to meet with a banker, have all your questions answered, and apply for your account in person. Schedule an appointment.
Already a KeyBank client?
If you’re already a KeyBank client, you may be able to apply for your account online.
Frequently Asked Questions
A secured credit card is backed by a cash deposit from the cardholder. The deposit acts as collateral on the account, giving the card issuer security in case the cardholder can’t make payments. With a secured credit card, the amount that you deposit is your card’s credit limit.
Secured credit cards can be used by first-time credit card users, or those who want to improve their credit histories. Unlike with most debit or prepaid cards, the activity on secured credit cards is reported to credit bureaus, so secured cards can help borrowers improve their credit scores.
There are many benefits to having a good credit history:
- Increases eligibility to open credit cards, loans, and other new lines of credit
- Increases your eligibility for lower loan and credit card rates
- Could be considered by potential employers
Applying online is right for you if you’re:
- An existing KeyBank client
- 18 years old or older
- An individual with a valid Social Security number
- A resident of Alaska, Colorado, Connecticut, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, or Washington
- Opening an individual account
If you don’t meet the requirements for applying online, we may be able to help you apply at a local branch.
No, you cannot open a Key Secured Credit Card without a Key Active Saver account. You’ll need a Key Active Saver account to maintain the deposit amount equal to your credit line.
If you’re applying in a branch, your banker will talk to you about opening a Key Active Saver account, too.
If you’re already a KeyBank client but don’t have a Key Active Saver account yet, you can apply for your Key Secured Credit Card online, and open a Key Active Saver account by checking a box in the application.
If you already have a Key Active Saver account, you’ll need to apply for your Key Secured credit card in a branch. Your banker will help you set up your accounts. Schedule an Appointment.
If you graduate to an unsecured KeyBank credit card or close your Key Secured Credit Card, you’ll have access to the deposit in your Key Active Saver account.
To help you establish your credit, your credit card history will be reported to the three major federal credit bureaus: Equifax, Experian, and TransUnion.
No, this card cannot be used at ATMs. This card is for purchases only, and you can use it for purchases anywhere Mastercard is accepted including in stores, online, and in apps.
To help keep you on track, it doesn’t offer cash advances, convenience checks, or balance transfers. Transactions that are considered cash advances include ATM and point of sale withdrawals; wire transfers; and buying foreign currency, traveler's checks, money orders, lottery tickets, or gambling chips and wagers.
ID Theft Protection provides proactive monitoring and resolution of identity theft threats for U.S. Mastercard cardholders.
Zero Liability Protection
Have peace of mind knowing that you are protected against fraudulent purchases in-store, over the telephone, online or on mobile apps — as well as at the ATM. Simply call the number on the back of your card if you suspect any unauthorized activity on your card. For more information, visit mastercard.us/zeroliability.
Use of the Key Secured Credit Card can help build your credit when the minimum payment is made by the due date, each month.
The Key Secured Card requires the card holder to have funds on deposit in a Key Active Saver® account in an amount greater than or equal to the assigned credit limit. The credit limit is determined by your creditworthiness and will be in an amount between $300 – $5,000. The variable APR for purchases is 27.49%. This APR will vary with the market based on the Prime Rate. There is a $0.50 minimum finance charge where interest is due. The annual fee is $0. Foreign Transaction fee: 3% of the amount of each foreign transaction after its conversion into U.S. Dollars. Transactions originating in Canada are excluded from this fee. The monthly maintenance service charge on the Key Active Saver account will be waived for Key Secured Credit Card clients. The monthly maintenance service charge waiver is only valid as long as the Key Secured Credit Card remains open. If you are graduated to an unsecured card or close your Key Secured Credit Card account, the Key Active Saver monthly maintenance service charge of $4.00 may apply, unless you are the owner on a KeyBank consumer checking account (including KeyBank Hassle-Free Account®).
Clients with newly opened credit card accounts may not see their first FICO® Score in online and mobile banking for up to 90 days after enrollment. In certain circumstances, a FICO® Score may not be available for various reasons, e.g., having a limited credit history. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.
Please see terms and conditions which can be found at mastercard.us/zeroliability.
Subject to terms and conditions in Service Agreement.
Message and Data rates may apply from your wireless carrier.
This page contains Mastercard benefits available for new credit card clients. If you already have a KeyBank credit card, your Mastercard benefits may be different from those listed above. Please refer to documents you received when you opened your account or call 1-800-MC-ASSIST for more information.
The creditor and issuer of this credit card is KeyBank N.A., pursuant to a license from Mastercard International Incorporated. Mastercard and Tap & Go are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated.
All credit products are subject to credit approval.
