KeyBank Business Rewards
KeyBank and related product names are trademarks of their respective owners. Madeen is not affiliated with, sponsored by, endorsed by, or acting on behalf of KeyBank. Madeen is an independent credit-card comparison and education service. Issuer websites control current terms, fees, and eligibility.
How we calculate effective rate →
The KeyBank Business Rewards from KeyBank earns up to 2% effective value on dining in Madeen's catalog snapshot. It has no annual fee. New applicants may see: Earn 100,000 bonus points (equal to $200 cash back) when you spend $1,000 in the first 60 days..
- Top category
- Dining
- Effective value
- 2%
- Annual fee
- $0
Worth a look for dining spend if you need a business card and can use Key2More Rewards the way you redeem today. Best for spenders who put meaningful volume in dining and can earn 10x points. The welcome bonus can help if you can meet the spend requirement.
What does the KeyBank Business Rewards earn in each category?
Dining is the strongest category at 2% effective value (10x points at about 0.2 cents each). That dining rate ranks higher than about 59% of the 2,850 cards we track in that category. The five-category effective-rate table on this page shows how KeyBank Business Rewards compares across dining, grocery, gas, travel, and other spend.
Dining is the strongest category at 2% effective value (10x points at about 0.2 cents each). That dining rate ranks higher than about 59% of the 2,850 cards we track in that category. The five-category effective-rate table on this page shows how KeyBank Business Rewards compares across dining, grocery, gas, travel, and other spend.
| Category | Earn rate | Effective value |
|---|---|---|
| Dining Restaurants, cafes, takeout | 10x points | 2% Top category |
| Grocery Supermarkets and grocery stores | 10x points | 2% |
| Gas Gas stations and fuel | 10x points | 2% |
| Travel Flights, hotels, transit | 10x points | 2% |
| Other General everyday spend | 10x points | 2% |
Madeen values Key2More Rewards at about 0.2 cents each. Madeen compares every card using this cash-equivalent estimate while still showing the raw earn rate for context.
Who should get the KeyBank Business Rewards?
The KeyBank Business Rewards fits spenders who put meaningful volume in dining and can earn 10x points. Best for spenders who put meaningful volume in dining and can earn 10x points. The welcome bonus can help if you can meet the spend requirement.
KeyBank Business Rewards fits spenders who put meaningful volume in dining and can earn 10x points. Madeen ranks its dining effective rate higher than about 59% of the catalog in that category. Compare it against cards you already carry with Madeen — no bank login required.
Best for spenders who put meaningful volume in dining and can earn 10x points. The welcome bonus can help if you can meet the spend requirement.
Foreign transaction fees make it weaker for international spend. Mostly a flat base earn card without strong category bonuses.
Worth a look for dining spend if you need a business card and can use Key2More Rewards the way you redeem today.
Pros
- Strongest Madeen category is dining at about 2% effective (10x points).
- No annual fee in our catalog snapshot.
- Welcome bonus may add value if you can meet spend requirements.
Cons
- Charges $3 foreign transaction fees.
- Key2More Rewards value depends on how you redeem, not straight cash back.
- Business card — rewards and liability rules differ from consumer cards.
What is the KeyBank Business Rewards welcome bonus?
In Madeen's catalog snapshot, the KeyBank Business Rewards welcome offer is Earn 100,000 bonus points (equal to $200 cash back) when you spend $1,000 in the first 60 days.. Minimum spend, eligibility, and offer windows are set by the issuer and can change — confirm on the issuer application page before applying.
- Offer
- 100k Key2More Rewards (~$200 estimated)
- Terms (catalog snapshot)
- Earn 100,000 bonus points (equal to $200 cash back) when you spend $1,000 in the first 60 days.
- Minimum spend
- $1,000
- Window
- 60Days
Does the KeyBank Business Rewards have an annual fee?
The KeyBank Business Rewards has an annual fee of $0 and a foreign transaction fee of $3. Confirm current fees on the issuer page before applying.
- Annual fee
- $0
- Foreign transaction fee
- $3
What benefits come with the KeyBank Business Rewards?
The KeyBank Business Rewards includes MasterRental Insurance Coverage, Unlimited rewards points in our snapshot. Perks and benefits can change; verify coverage on the issuer site before you rely on them.
MasterRental Insurance Coverage
$25/yrGain insurance coverage for rented vehicles, also known as the Collision Damage Waiver
Unlimited rewards points
Earn 10 points per dollar (2% cash equivalent) spent on purchases including gas, travel, restaurants, and telecommunications. Earn 5 points per dollar on all other purchases.
Related encyclopedia topics
Common questions about the KeyBank Business Rewards
Does the KeyBank Business Rewards have an annual fee?
The KeyBank Business Rewards carries an annual fee of $0 in Madeen's catalog snapshot. Issuer terms can change, so confirm the current fee on the issuer's site before you apply. Madeen does not predict approval or prequalification.
What category earns the most with the KeyBank Business Rewards?
Dining is the strongest Madeen category for the KeyBank Business Rewards at about 2% effective value, based on our catalog snapshot and standard point valuations. Other categories are listed in the effective-rate table on this page.
Does the KeyBank Business Rewards charge foreign transaction fees?
The KeyBank Business Rewards charges a foreign transaction fee of $3 in our catalog snapshot. Check issuer terms before international spend because rates and fee waivers can change.
What is the KeyBank Business Rewards welcome bonus?
The KeyBank Business Rewards welcome offer in our snapshot: Earn 100,000 bonus points (equal to $200 cash back) when you spend $1,000 in the first 60 days.. Minimum spend, eligibility, and offer windows are set by the issuer and can change.
What credit score do you need for the KeyBank Business Rewards?
Madeen's catalog lists a typical credit range of Good for the KeyBank Business Rewards. Issuers decide approval using their own criteria; Madeen does not predict approval odds or prequalification.
How do you redeem rewards on the KeyBank Business Rewards?
Rewards on the KeyBank Business Rewards post as Key2More Rewards. Redemption value depends on how you use Key2More Rewards (statement credit, travel, transfers, or issuer portals). Madeen shows effective cash-equivalent rates using standard valuations.
How does the KeyBank Business Rewards compare to similar cards?
Compare the KeyBank Business Rewards against KeyBank Business Cash Rewards (2% on Dining, $0 fee); Key Cashback (1.5% on Dining, $0 fee); Key2More Rewards (1% on Dining, $0 fee). Madeen ranks effective value by category and annual fee using the same catalog snapshot dated 2026-05-01.
| Card | Top category | Effective value | Annual fee |
|---|---|---|---|
KeyBank Business Rewards This card | Dining | 2% | $0 |
| Dining | 2% | $0 | |
KeyBank | Dining | 1.5% | $0 |
KeyBank | Dining | 1% | $0 |
KeyBank | Dining | 0% | $0 |
Store-specific guides
Madeen publishes merchant guides that rank cards for specific stores and services. Browse guides for dining spend to see which cards win at checkout.
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KeyBank and related product names are trademarks of their respective owners. Madeen is not affiliated with, sponsored by, endorsed by, or acting on behalf of KeyBank. Madeen is an independent credit-card comparison and education service. Issuer websites control current terms, fees, and eligibility.
Madeen compares cards you add to your wallet using published catalog rules — no bank login required. Issuer pages control current fees, caps, exclusions, and eligibility; Madeen does not issue cards, make approval decisions, or provide financial advice. Apply links are temporarily hidden on madeen.app. Affiliate disclosure