Features of the KeyBank rewards program include earning points for using the KeyBank debit or credit card, earning points for common banking transactions and earning extra points for shopping personalized special offers. Rewards points are redeemed by logging in to its online banking portal and accessing the rewards redemption site.
KeyBank customers can choose to use the KeyBank rewards debit card, Key2More credit card, business credit card or platinum credit card. Card users earn points for using KeyBank's bill pay service, and for activities such as depositing funds using mobile banking or transferring funds into an account using direct deposit. Points are awarded each time a card user receives an online statement. Card users earn bonus points on various shopping deals offered in partnership with Mastercard. Select KeyBank checking accounts waive the rewards program's annual fee, but some accounts require a nominal fee.
KeyBank rewards points can be redeemed for items such as gift cards, electronics, merchandise and travel accommodations. A certain number of points earns cash back, and card users can use points towards charitable donations. To participate in its debit card rewards program, customers need to have a KeyBank checking account in good standing. Credit card users don't need a checking account to earn points for card purchases.