Key2More Rewards Credit Cardmember Agreement

The Key2More Rewards Credit Cardmember Agreement filing from Keybank sets out a purchase APR of 20.49%–27.49%, no annual fee and a six-month 0% opening period. That purchase rate ranks near the 66th percentile across this corpus of 4,587 filings.

The disclosed terms

Keybank submitted the terms for Key2More Rewards Credit Cardmember Agreement to the CFPB's agreement database; this is what they contain. The filing runs 20 pages.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate.

The interest-free window

A six-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

Once the introductory period ends the rate becomes 27.49%, which turns a lingering $5,000 balance into approximately $1,581 of annual interest.

The promotional window is therefore worth something on the order of $791 on $5,000, measured against the same balance priced at the standard rate for the same period.

Where the purchase APR sits

Purchases price between 20.49% and 27.49% under this filing. The 7-point gap between the two is material, and nothing in the agreement indicates where a given account would land.

Those two numbers occupy very different places in the corpus: roughly the 62nd percentile at the bottom and the 66th at the top.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

To be precise about which number this is: the filing identifies it as the rate that takes over after the introductory period, not the introductory rate.

Translating the rate into money

Carry $1,500 on this card for a year without paying it down and the purchase rate alone generates roughly $474 in interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $369. The gap — roughly $106 a year on $1,500 — is the price of this particular filing over a typical one.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

The grace period

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

The $0.50 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

Penalty pricing and late fees

On the fee side, a late payment can cost up to $40, which is around the 72nd percentile here.

Where the fees are

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Cash advances carry a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 27.49%. The two halves of that fee cross at about $200: below it the flat $10 applies, above it the percentage does. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

The transfer fee is $10 or 4% of the amount transferred, whichever is greater; transferred balances then run at 20.49%. Transferring $2,000 would cost roughly $80 at the door.

The filing sets a 3% foreign transaction fee, which adds roughly $90 to $3,000 spent outside the United States.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

The issuer's other agreements

There are 12 filings from Keybank in this index. Their disclosed purchase rates run from 15.49% to 29.24%, and this one at 27.49% is more expensive than 2 of them.

What the filing does not tell you

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Where the authority sits

The original filing, 20 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

The pricing here is middling by the standards of the index — 27.49% on purchases is near enough to typical.