Key Private Bank Credit Card Rates and Fees and Cardmember Agreement

Key Private Bank Credit Card Rates and Fees and Cardmember Agreement, as filed by Keybank, carries a 15.49% purchase APR, a $195 annual fee and a six-month 0% opening period. That purchase rate ranks near the 16th percentile across this corpus of 4,587 filings.

What the document actually states

The document behind this page is Keybank's filed agreement for Key Private Bank Credit Card Rates and Fees and Cardmember Agreement. The filing runs 20 pages.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a grace period. It is silent on a penalty rate, a late payment maximum and a foreign transaction fee.

The interest-free window

A six-month promotional period at 0% is on the record here — during it, qualifying balances cost nothing to carry.

Zero-percent openings appear in roughly 458 of the filings on this site, which puts this agreement in a sizeable minority rather than a class of its own.

Once the introductory period ends the rate becomes 15.49%, which turns a lingering $3,000 balance into approximately $503 of annual interest.

Valued honestly, six months at zero on $3,000 avoids about $251 of interest compared with the go-to rate — the whole of what the promotion delivers.

Pricing the purchase rate

At 15.49%, the purchase APR falls at roughly the 16th percentile of the 2,280 filings indexed here, which sits well down in the cheaper fifth of the set.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

This figure is the post-promotional rate. The introductory pricing is handled separately further down.

Translating the rate into money

Carry $1,000 on this card for a year without paying it down and the purchase rate alone generates roughly $168 in interest.

A typical filing in this index would charge about $246 on that balance; this one is roughly $78 a year below it.

Broken down to a single thirty-day cycle, the same balance accrues roughly $12.81.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

Fees, and what triggers them

Holding the card costs $195 a year before any transaction takes place — about the 97th percentile among agreements in this index that state a fee.

For scale, $195 is approximately what $1,259 of revolving balance would cost in interest over twelve months at this card's 15.49% rate.

For cash advances the filing discloses a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 27.49%. Cash is therefore 12 points dearer than buying something with the card. The two halves of that fee cross at about $200: below it the flat $10 applies, above it the percentage does. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Balance transfers cost $10 or 4% of the amount transferred, whichever is greater up front and then accrue at 15.49%. Shifting $3,000 across attracts something like $120 in fees on day one.

The no-interest path

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

Where interest applies at all, the filing bills at least $0.50. On a tiny balance that floor can dwarf the rate itself.

How it sits in the issuer's own range

There are 12 filings from Keybank in this index. Their disclosed purchase rates run from 24.24% to 29.24%, and this one at 15.49% is more expensive than 0 of them.

Its $195 annual fee is higher than 3 of the 3 sibling filings that state one.

What you cannot learn from the filing

This page cannot tell you a foreign transaction fee and penalty pricing, because the filing's disclosure table as read does not contain them.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Reading the agreement yourself

Everything here is a reading of the filed agreement, 20 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

15.49% places this filing at the inexpensive end of the set, which is the headline here. The $195 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.