The Key2More Rewards Credit Card by KeyBank has an offer for 50,000 bonus points when you spend $500 within the first 60 days. While it might sound like like a lot, this welcome offer is just $100 when you redeem for statement credit. That said, it’s still a decent offer for a no-annual-fee card. The Chase Freedom card has a welcome bonus with comparable spending requirements. See our list for more welcome offers.
With the Key2More Rewards card, you earn 5x points on all purchases with up to a 50% bonus if you spend at least $2,000 in one calendar month. But there’s a catch. You must have a KeyBank checking account to qualify for both the welcome and the spend bonuses.
If you’re not already a customer with KeyBank, there are plenty of rewards cards on the market that can offer more value.
*Check out KeyBank bonuses for Checking & Savings accounts.
|Bonus Available||Get 50,000 bonus points when you spend at least $500 on qualifying card purchases within 60 days of account opening.*|
|Ongoing Rewards/Benefits||Earn 5 points for every $1 spent on all eligible card purchases. |
Receive a 25% points bonus when you spend at least $1,000 in a calendar month.*
Enjoy another 25% points bonus (for a total of 50%) when you spend at least $2,000 in a calendar month.*
|Foreign Transaction Fees?||3%|
*Bonus value is an estimated value calculated by MoneysMyLife and not the card issuer. Read our card review for more details.
View our latest valuations here.
*You must have a KeyBank checking account open and in good standing to qualify.
- No annual fee
- Welcome bonus
- Spend bonuses
- Good-Excellent credit needed to qualify
- Low points value
- KeyBank relationship required for bonuses
- Foreign transaction fees
Key2More Rewards Card 50,000 Bonus Points Offer
Take advantage of the Key2More Rewards card’s 50,000 bonus points offer, worth $100 when you redeem for statement credit. To qualify, you must hold a KeyBank checking account and charge at least $500 to your card within the first 60 days of opening your account.
Here are some ideas on meeting the spending requirement:
Earning Key2More Rewards Points
Earn an unlimited flat rate of five points for every $1 you spend on eligible credit card purchases. If you’re a KeyBank checking accountholder, you’ll also get a points boost by reaching certain spending thresholds:
|Monthly Spending||Points Bonus||Total Rewards Rate|
*Your points will expire four years from the date they were earned.
Redeeming Key2More Rewards Points
Like many other rewards cards, the value of your points depends on how you use them. When it comes time to redeem your Key2More Rewards points, you have a variety of options, including:
- Statement credits
- Gift cards
- Charitable donations
Key2More Rewards points have consistent value – $0.002 each – when you use them for statement credits. Other redemption options vary greatly and may be worth more or less than $0.002 per point.
Although the Key2More Rewards card has huge earning potential, its points are not worth much. You’ll essentially be earning 1% of what you spent if you opt for cash back. Your return gets boosted to a decent rate – 1.5% – if you’re a KeyBank customer and you charge at least $2,000 a month to your card. But if you’re not a heavy spender, it’ll be easy for you to find a better deal elsewhere.
What’s The Competition?
Below are some of the top competitors to the Key2More Rewards credit card you should consider.
|OFFER LINK||OFFER||OUR REVIEW|
|Chase Business Complete Banking℠||$300 Cash||Review|
|Chase Total Checking®||$225 Cash||Review|
|Chase Secure Banking℠||$100 Cash||Review|
|TD Bank Beyond Checking||$300 Cash||Review|
|TD Bank Convenience Checking℠||$150 Cash||Review|
|HSBC Premier Checking||$450 Cash||Review|
|Axos Business Checking||$100 Cash||Review|
|Aspiration Checking||$150/$200 Cash||Review|
|Ally Invest||Up To $3,000||Review|
|Betterment||Up To 1 Year Free||Review|
|BlockFi||Up To $250 BTC||Review|
|Voyager (code BH5F1A)||$25 In BTC||Review|
|Coinbase||$10 In BTC||Review|
|Motley Fool||Stock Advisor Discount||Review|