We generally only recommend Keybank Credit Card if you have at least a 630 credit score (otherwise known as a "fair" credit score). The reason being you can get a relatively high APR if you have a low credit score, plus it will be much harder to get approved.
Is Keybank Credit Card a good credit card for me?
Every situation is different, so it's hard to give a blanket recommendation on whether or not Keybank Credit Card is the right card for you.
However, they are known to be relatively generous with their reward points & other perks, so it may be worth it. Keep in mind you may have to acquire a minimum amount of points before you are able to redeem them.
Is Keybank Credit Card worth it?
There are 100s of different credit card options that are best suited to a wide range of situations. Which makes it hard for us to honestly answer whether or not Keybank Credit Card is worth it for you.
We recommend considering the following when looking into getting any credit card (as a starting point at least):
- Are you a responsible spender? You can quickly get yourself into too much debt if you're not responsible with your credit card
- Are there are signup bonuses available with this card?
- What annual fees does it have?
- Are there penalty APRs?
- Does it have an interest free period, and if so, how long is it?
- How does it's APR compare to other cards?
- How does the rewards/points system work?
What are the approval odds for Keybank Credit Card?
The approval odds are going to be heavily dependant on your credit score, income & expenses.
If you have a credit score of 750+, you can basically get approved for most credit cards, including the Keybank Credit Card. But if you have a "poor" credit score, it's going to be a lot more difficult.
What credit score do I need for Keybank Credit Card?
A general rule of thumb is if you have a "good" credit score (670-739) or above, then you're approval odds are relatively high.
Anything below that and the odds go down, you may be able to get approved with a "fair" credit score, but if you have a "poor" score, then it is extremely unlikely you'll be approved (unless the card is secured).
Improve your credit score BEFORE applying for Keybank Credit Card
If your credit score is preventing you from qualifying for Keybank Credit Card, we recommend you call one of our friendly credit experts for a free consultation. We'll review your credit report with you (in real-time), and see if there is anything we can do to help your score.
Once we've improved your score for you, you'll be in a much better place to apply & get approval for Keybank Credit Card. Not to mention all the other benefits that come with a great credit score!
Getting the Most Out of Your Keybank Credit Card
To get the most out of your Keybank Credit Card, familiarize yourself with their rewards program and how to redeem points. Keybank offers a variety of reward options including cash back, gift cards, merchandise, and travel rewards. Additionally, some Keybank cards may offer sign-up bonuses that can help you accumulate points faster.
Utilize your card for everyday purchases and bills as much as possible but remember to pay off your balance in full each month to avoid interest charges. Take advantage of special offers and discounts that come along with the credit card, such as free credit score monitoring services, extended warranty coverage, and fraud protection.
Advantages of Maintaining a Good Credit Score
Having a good credit score can open up a wealth of opportunities and financial benefits for you. A good credit score can help you get approved for loans, mortgages, and other types of credit with better terms and lower interest rates. It can also save you money on car insurance premiums and rental deposits. With a good credit score, you'll have an advantage in getting accepted into a job or rental property that requires a credit check as well as negotiating power when it comes to interest rates and fees on credit cards and loans.
To ensure that your credit score stays strong, make sure to pay bills on time, keep your credit card balance low, and avoid opening too many accounts all at once. If your score needs improvement, connect with a reliable credit repair specialist who can help identify errors on your report and develop an effective plan to boost your score over time.