KeyBank provides many services to its individual and business customers. These services include checking account, saving accounts, loans, and credit cards. Credit cards are a great tool for a business to have as a way of making sure they can cover the cost of unexpected expenses.
Find the best credit card for your business, compare credit cards with the credit card chaser tool!
A business owner not only needs to have a credit card, but also know how to use the credit card in a way that best benefits their business. Websites like http://www.smartmoney.com are a great resource for financial advice.
The Master Card Business Card
This business credit card offers no annual fee and a 0% annual percentage rate for balance transfers and purchases the first twelve months the account is active. This card also offers a feature that will help the cardholder separate personal and business expenses.
After the introductory annual percentage rate has expired, the cardholder will have an interest rate ranging from 9.99% to 20.99%. This new annual percentage rate is determined by the credit score of the cardholder. The higher the cardholder’s credit score, the less interest they will have to pay each month. The interest applied to cash advances is 23.99%.
If the cardholder has a low credit score and therefore a higher interest rate each month, they can avoid paying this extra amount if they pay the card’s balance in full by the due date. While there is no annual fee for this credit card, there are penalty and transaction fees that apply. The transaction fees for cash advances are 4% with a minimum charge of $10.
The fee for making a late payment is determined by the outstanding balance on the credit card. The fee is $19 for a balance up to $100, $29 for a balance between $100 and $250, and $39 for a balance of $250 or more.
Other KeyBank Credit Cards
There are two other business credit cards available through KeyBank. These cards are the Master Card Platinum Business Rewards Card and the Master Card Business Travel Credit Card.
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