KeyBank Latitude Credit Card review | finder.com

KeyBank Latitude® Credit Card review – March 2019

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KeyBank Latitude® Credit Card

A no-annual-fee card with a long intro APR on balance transfers and purchases.

30-second take

  • Get this card if you want an intro APR period on purchases and balance transfers.
  • Pick something else if you want cash back.
  • Apply with a good to excellent credit score of 670 or higher.
Product NameKeyBank Latitude® Credit Card
Card TypeMastercard
Annual Fee$0
APR (Annual Percentage Rate) for Purchases12.24% to 22.24% variable
Introductory Purchase APR0% for the first 15 monthly billing cycles (then 12.24% to 22.24% variable)
Balance Transfer APR12.24% to 22.24% variable
Introductory Balance Transfer APR 0% for the first 15 monthly billing cycles (then 12.24% to 22.24% variable)
Balance Transfer Fee$10 or 3% of the transaction, whichever is greater
Cash Advance Rate25.99% variable
Foreign Transaction Fee3% of the transaction value
Cash Advance Fee$10 or 4% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $37
Additional Cardholder Fee$0
Minimum Age18 years of age

The basics

The KeyBank Latitude® Credit Card comes with two main benefits: a long intro APR period on balance transfers and purchases, and no annual fee.

Following that intro period, you may also get a low APR if you’ve got an excellent credit score. But even with its pluses, it’s a relatively simple credit card. For rewards and extensive benefits, you may want to look into other options.

The perks

  • Intro APR period.

    Get a 0% intro APR period on purchases and balance transfers for 15 billing cycles following your account opening. After that, a variable APR of will apply. This may not be the longest intro APR period we’ve seen, but it’s longer than what most other cards offer.

  • No penalty APR.

    There’s only a penalty fee if you make late or returned payments. With other cards, a single late or returned payment may land you with a fee and a penalty APR of up to 30%. What’s worse is the penalty APR can last indefinitely.

  • No annual fee.

    You’ll get the card without paying an annual fee.

You’ll also like …

  • Shopping perks.

    Receive partial reimbursement if you find a lower price on an item you purchased with your card. You can also get extended warranty on select items you buy with your card.

  • Identity theft services.

    KeyBank can assist you if you become a victim of ID theft by providing credit bureau notification, card replacement, affidavits and additional services.

  • Mastercard® Travel Services™.

    Get room upgrades, complimentary amenities and other perks.

What to watch out for

  • Potentially high APR.

    If you have a weak credit history, KeyBank may extend a relatively high APR — up to 22.24% variable.

  • Balance transfer limits.

    To get the intro APR period on balance transfers, make sure you complete all your transfers within 60 days of card membership.

  • Foreign transaction fee.

    Every time you use your card when traveling abroad, you’ll pay a 3% fee. This may not seem like much, but it can add up quickly over a trip spanning several days.

Compare 0% APR credit cards

Updated March 23rd, 2019
Name Product Introductory Purchase APR Intro APR for Balance Transfer APR (Annual Percentage Rate) for Purchases
0% for the first 15 months (then 17.24% to 25.99% variable)
0% for the first 15 months (then 17.24% to 25.99% variable)
17.24% to 25.99% variable
0% intro APR for 15 months from account opening on purchases and balance transfers.
0% for the first 15 months (then 17.24% to 25.99% variable)
0% for the first 15 months (then 17.24% to 25.99% variable)
17.24% to 25.99% variable
0% intro APR for 15 months from account opening on purchases and balance transfers.
0% for the first 15 months (then 15.24% to 26.24% variable)
0% for the first 15 months (then 15.24% to 26.24% variable)
15.24% to 26.24% variable
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
0% for the first 15 months (then 15.24% to 26.24% variable)
0% for the first 15 months (then 15.24% to 26.24% variable)
15.24% to 26.24% variable
Earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. Rates & Fees
0% for the first 12 months (then 15.24% to 26.24% variable)
0% for the first 12 months (then 15.24% to 26.24% variable)
15.24% to 26.24% variable
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees

N/A

0% for the first 15 billing cycles (then 14.24% variable)
14.24% variable
A low, variable APR on purchases, balance transfers and cash advances.
0% for the first 18 months (then 13.24%, 17.24% or 21.24% variable)
0% for the first 18 months (then 13.24%, 17.24% or 21.24% variable)
13.24%, 17.24% or 21.24% variable
An 18 months 0% intro APR period on both purchases and balance transfers, plus zero foreign transaction fees, makes this is a strong well-rounded card. See Rates and Fees

N/A

0% for the first 15 months (then 15.24%, 19.24% or 25.24% variable)
15.24%, 19.24% or 25.24% variable
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees.
0% for the first 12 months (then 15.15% to 25.15% variable)
0% for the first 12 months (then 15.15% to 25.15% variable)
15.15% to 25.15% variable
Earn $150 in statement credit after you spend $1,200 on purchases within the first 90 days from account opening.

N/A

0% for the first 12 months (then 12.99% to 17.99% variable)
12.99% to 17.99% variable
Earn 25,000 bonus points when you spend $2,500 in the first 90 days from account opening.

N/A

0% for the first 12 months (then 11.99% to 17.99% variable)
11.99% to 17.99% variable
2% cash back for all PenFed Honors Advantage members and 1.5% cash back on all purchases made with your card.

N/A

0% for the first 12 months (then 11.99% to 17.99% variable)
11.99% to 17.99% variable
Earn 5x points on gas at the pump and 3x points on groceries. Earn 1x points on all other purchases.

N/A

0% for the first 12 months (then 9.24% to 17.99% variable)
9.24% to 17.99% variable
Low APR on all purchases including cash advances.

Compare up to 4 providers

How does a balance transfer work with this card?

You can make balance transfers in a KeyBank branch, by calling 800-539-2968 or through your online and mobile banking tools.

To get the 0% intro APR period on balance transfers for 15 monthly billing cycles following your account opening, complete your transfers in the first 60 days of card membership. After that, your APR will be variable.

For each transfer you make, you’ll pay a fee of $10 or 3% of the transaction, whichever is greater. This means a balance transfer of $3,000 would cost you $90 in fees.

Know that KeyBank won’t accept transfers from accounts that they or their affiliates have issued to you.

What should I know before I apply?

To apply for the card, you must be at least 18 years old.

The information you’ll need provide is:

  • Full name and contact information
  • Residential status
  • Annual income, source of income and employment information
  • Social Security number
  • Driver’s license or government-issued ID

What credit score do I need?

Apply with a good to excellent credit score of 700 or higher. To get the low APR offered by KeyBank, you need to have an excellent credit score and low credit utilization.

What do customers say about the KeyBank Latitude® Credit Card?

KeyBank earns an A+ rating from the Better Business Bureau, which accredited it back in 1933. Most customer complaints at BBB are related to hidden fees. To avoid a similar experience, read the card’s agreement and the fine print.

How to apply for the KeyBank Latitude® Credit Card

  1. Go to the KeyBank website and find the KeyBank Latitude® Credit Card. Click Apply now.
  2. If you’re a current KeyBank customer, select Save time. If you’re a new customer, select Start a new application.
  3. Complete the application with your personal and financial details.
  4. Review and submit your application.

How long will it take to get my KeyBank Latitude® Credit Card?

Automated preapproval means you’ll likely get a decision within a minute. If additional information is needed, KeyBank will send you a response within a few business days to a few weeks.

Once approved, expect your card to arrive in the mail within seven to 10 business days.

I got the card. Now what?

  • Download the KeyBank Mobile app. With it, you can transfer funds between KeyBank accounts, schedule bill payments and send them right away, locate a KeyBank branch nearby, find an ATM and more.
  • Avoid interest. Your grace period is 25 days after the close of each billing cycle. If you pay your balance by then, you won’t pay interest on your purchases.
  • Avoid fees. Late payments come with fees of up to $37. Balance transfers and cash advances also come with fees.
  • Contact customer service. If you have questions, contact KeyBank support at 800-539-2968. You can also email or live chat with one of its representatives online.

Bottom line

If you’re looking for a long intro APR and a low APR after that, this could be a good card for you. Otherwise, compare similar cards to help you find the 0% APR credit card option that’s right for you.

Frequently asked questions

Images: KeyBank.com

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