Key Bank Offers Cash Back, Low APR Credit Card

I am actually a Key Bank customer, and noticed the other day when checking my account information online that they are offering a new lower APR credit card with a 5% cash back bonus. So I read on, of course. It’s called the “Platinum” credit card, and it’s a Mastercard.

The Platinum Key Bank credit card offers the following deal:

0% APR on balance transfers for 12 months with the Platinum Card. After the introductory zero percent period, it does advise that you will then be charged the going prime rate, or actually the standard variable APR on the card, which isn’t too bad actually. The catch is, you may not qualify for the Platinum (probably based on your credit history and debt to income ratio), so you may be bumped down to a Gold card of some sort and not get as good benefits.

5% cash back on purchases for the first 3 months : This of course has some guidelines as well. I believe it says after three months introductory special, you get 1% cash back on qualifying purchases. Still not bad though.

No annual fee – I never pay a fee for a credit card, unless it provides exceptional benefits, like frequent flyer miles or something.