Additional information of Key Secured Credit Card
The dynamics of the Keybank Key Secured credit card are quite simple to understand. First you must secure a deposit equal to or greater than $300 (up to $5000) in a Key Active Saver account.
This allows you to earn interest, use the amount of money you deem most appropriate and accumulate money while you build or repair your credit score.
Unlike other credit cards, this secured credit card reports your activity to the credit bureaus so they can record your good or bad behavior. If you are consistent with your payments and demonstrate responsibility, the bank will review your account twice a year to determine if you qualify for an unsecured card.
On the other hand, the Key Secured card includes a number of benefits that are common for this bank:
- Tap and Go contactless technology so you pay faster.
- The option to check your FICO score whenever you want via the app
- The ability to trigger alerts and block/unblock the card using online or mobile banking
- The protections associated with being a MasterCard customer: safeguards against identity theft and zero liability for suspicious activity that can lead to fraud
KeyBank's Key Secured card is designed for those who do not yet have a credit history or those who are looking to improve their credit history to make amends for past mistakes.
Español: Tarjeta de crédito Key asegurada