KeyBank Latitude card review

Who is the KeyBank Latitude Card for?

Although this card does not contain a rewards program or cash back, owners of the KeyBank Latitude Card will have access to extremely low-interest rates. In addition to low-interest rates, this card does not have an annual fee.

Alongside the low-interest rates and lack of fees, this card also offers protection benefits including contactless pay and account alerts whenever certain transactions or activities occur.

Also, this card has a lengthy 0% introductory APR period of 15 months for both purchases and balance transfers making this a great card to pay off debt or finance large purchases.

Despite the fact that this card does not have a formal rewards program, the low-interest fees make this card perfect for people who do not want to deal with complicated rewards structures and simply want to pay less interest. We recommend this card for people with excellent credit scores who are looking to save money on purchases and balance transfers and pay off debt.

Credit Score Requirements

To increase your chances of approval for the KeyBank Latitude Card you should have good to excellent credit, so it is recommended that you have a credit score of 670 or higher. It is also important to note that this card is designed more for people with excellent credit scores. That's why before applying, you should try to have low credit utilization and always try to raise your credit score as much as possible to be eligible for the low APR offered by KeyBank.

Intro APR and Low Interest

One of the greatest perks of owning the KeyBank Latitude Card is the 0% introductory APR for 15 months. This makes the card ideal for transferring your debt from one account to another. Since you will pay lower interest with this account, it makes sense to transfer your balance to this account and pay no interest on your transfer.

We recommend that you finance any large purchases during this introductory 15-month period. If you have any vacations or cars you are planning on purchasing in the future, pay for them during the first 15 months of card ownership to pay no interest on these large purchases.

The most appealing aspect of this card is the ongoing low-interest rate on all purchases and balance transfers. After the introductory 15-month period, you will pay 9.99% - 19.99% APR on purchases and balance transfers. Most cards offer rates between 15% and 25% after their introductory period.

With no rewards system, KeyBank utilities a low APR to attract people to this credit card. At no annual cost, people with excellent credit scores can use this card in order to pay low interest on balance transfers and purchases. Transfer your debt easily and finance large purchases during the 15-month introductory period in order to maximize the benefits of this card.

Extra Benefits

The KeyBank Latitude card offers contactless pay, easing your transactions and keeping your information safe. Simply place your card on the card reader, and your purchase will be completed, allowing you to keep your card information to yourself.

Also, with KeyBank’s temporary lock security feature, you can quickly lock and unlock lost, stolen, and misplaced credit cards. If you think you lost your credit card, easily lock it at the click of a button. Then, if you find your credit card, simply unlock your card and resume purchasing.

This card will also give you access to KeyBank’s online and mobile banking features. Using KeyBank’s app or website you will be able to manage your account anywhere and stay on top of your transactions.

You also receive Zero Liability Protection for any fraudulent purchases. This means that you will not be liable for any purchases that you did not make, giving you peace of mind if you misplace your credit card.

Finally, KeyBank allows you to set up account alerts on all of your mobile devices to notify you when certain activities occur. Customize your settings, and choose what alerts you want to receive.

Cautions

This card is only available for people with excellent credit scores. The reason that KeyBank is offering low-interest rates is that it expects that people with this card will be able to pay off their debt. Your application will most likely be declined if you have a poor credit score.

Once again, you will not receive any rewards for owning this credit card. This card is simply for people trying to pay off debt and pay low interest on their purchases. If you want cash back or rewards points for the purchases that you make, then you should look for different cards.

Also, this card has a 3% foreign transaction fee, making it not the best choice if you are an international traveler. We recommend that you pair this card with another travel rewards card in order to maximize the benefits and avoid the pesky 3% foreign transaction fee.

No Annual Fee

This card does not have an annual fee, which is expected out of a card that does not have a rewards program. No annual fee speaks to the simplicity of this card, as you will not have to worry about redeeming points or paying annual fees.

KeyBank Locations

KeyBank is one of the nation’s largest, bank-based financial services companies, having branches and offices located in the following states: Alaska, Colorado, Connecticut, Florida, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington. If you plan to open a bank account, a safe deposit, or more, you can visit KeyBank in one of these locations or call their customer service at 1-800-539-2968.

Conclusion

This card is meant for people with excellent credit scores who do not want to worry about a complicated rewards system. With the KeyBank Latitude card, you will get an extended 0% APR period and low-interest rates after this period ends. Be cautious though because this card has a 3% foreign transaction fee, and KeyBank is only offered in 16 states, which may limit your accessibility. This is a great debt-lowering credit card for people who have already proven that they are able to pay off their debt responsibly and on time.