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Verdict: The Key Bank MasterCard Business Travel card comes with plenty of perks: a flexible rewards program, the ability to earn free airline flights at a relatively quick pace and a zero percent introductory interest rate offer. The card, though, also comes with a $50 annual fee. You’ll have to decide whether the card’s perks outweigh the negative of having to pay an annual fee to use it.
Overview: The MasterCard Business Travel card allows you to earn cash-back and rewards points with every purchase you make. You can earn even more points depending upon where you use your credit card. It also comes with a purchase interest rate that’s reasonable as long as your credit history is strong.
How This Card Works: Once you earn enough rewards points, you can either receive a credit on your card’s account or redeem your points for merchandise, gift cards or other rewards. To redeem your points, you’ll have to work through the Key Bank Rewards Center.
Travel and Shopping Benefits: You’ll earn 1 percent cash back on most charges that you make with this card. However, you’ll earn double rewards when you charge travel and lodging purchases with your card. After your first purchase, you’ll earn an additional 50,000 bonus points, which you can then redeem for a $50 statement credit. Starting at 25,000 points, you’ll be able to redeem for a free unrestricted round-trip airline ticket.
Fees: Your purchase interest rate will range from 9.99 percent to 20.99 percent depending on your creditworthiness. If you pay your bills late or make a payment that has to be returned, you might be hit with a penalty interest rate of 28.99 percent. The annual fee with this card stands at $50, while cash advances cost $10 or 4 percent of the advance amount, whichever is higher. Late-payment and over-the-limit fees can be as high as $39, while the returned-payment fee stands at $35. You’ll have an interest rate of 0 percent on both new purchases and balance transfers for the first six months after activating your card.
- Flexible rewards program.
- 50,000 bonus rewards points after first purchase.
- Zero percent introductory interest rate offer.
- Annual fee of $50.
- Penalty interest rate of 28.99 percent.
- Interest rate can be as high as 20.99 percent depending on creditworthiness.