KeyBank Latitude® Credit Card enables you effectively deal with the debts through its low rates of interest as well as ease in making the payments. This card has an intense 0% interest rate on purchases within the first fifteen billing cycles and on balance transfers within the first fifteen billing cycles at most.
Essentially, this card is designed to offer the user a breather in terms of cash flow and the ability to have a more convenient way of managing the expenses for sometime up to fifteen billing cycles. Also, it incorporates corporate and secure measures such as no contact payment solutions, as well as account facilities that allow users to manage their cards from the comfort of their homes or offices.
Main information about the Credit Card
KeyBank Latitude® Credit Card has a good First fifteen billing cycles revealed a no percent interest on purchases and balance transfer condition for the balance transfer made within the first sixty days of account opening. After this particular period, the APR is between 20. 24% to 27. Self, 24% depending on the creditworthiness of the borrower.
It also has no annual fee, just like the pioneer card, which makes it possible for those in the debt to be in a position to balance between the annual costs of maintaining the card and effectively paying off the debts they are charged on the card.
How does the annual fee work?
Thus making it one of the notable assets of the KeyBank Latitude® Credit Card that it does not charge its users with an annual fee. This is indeed a plus for card holders since they are able to skip the extra expense that is charged in most other credit cards. This is because this card does not attract an annual fee and therefore is particularly suitable for any person who is conscious about their spending pattern.
How is the credit limit determined?
The credit limit that one has on the KeyBank Latitude® Credit Card depends with one’s ability to pay, his/her income among other factors. The underlying credit limit is determined after KeyBank assesses clients’ credit history and financial ability at the time of application for the card. This helps in ensuring that the limit given is in harmony with the general capacity you have towards the management and clear payment of the debt.
Benefits of the KeyBank Latitude® Credit Card
The KeyBank Latitude® Credit Card offers a variety of benefits designed to enhance your financial flexibility and security. Some of the key advantages include:
- 0% APR for the first 15 billing cycles on purchases and balance transfers.
- Low ongoing APR for purchases and balance transfers.
- Free access to your FICO® Score through KeyBank online and mobile banking.
- Enhanced security features, including the ability to lock and unlock your card via mobile banking.
- Contactless payment capabilities for added convenience.
Highlighted advantage: Free Access to Your FICO® Score
Another highlight of the KeyBank Latitude® Credit Card is that you get your FICO® Score for free. One of the benefits of this product is that the credit score is checked frequently and with no harm, helpful information on the health of the credit is obtained. Therefore, knowledge on the credit score can help you in the management of the credit and help in strategic planning to fix the credit.
Disadvantages
While the KeyBank Latitude® Credit Card offers many benefits, it is important to consider some potential drawbacks:
- High variable APR after the introductory period.
- Balance transfer fee of $10 or 4% of the transaction amount, whichever is greater.
- Foreign transaction fee of 3% for purchases made outside of the U.S.
Highlighted disadvantage: High Variable APR
The chief weakness of the KeyBank Latitude® Credit Card is that the variable APR is quite high after some time from issuance. Interest rates of these products stand between 20 percent and a fixed rate determined by the lender. 24% to 27. 24 percent which is determined by the credit rating that makes the interest rate to be higher than most credit card.
This is because the credit card company charges an interest on the balance that you have carried forward to the next month if you are unable to clear your balance in full each month.
Who can apply for this card?
To apply for the KeyBank Latitude® Credit Card, you must meet the following criteria:
- Be at least 18 years old.
- Have a valid Social Security number.
- Provide a primary form of identification, such as a driver’s license, passport, or government-issued ID with a photo and signature.
- Non-KeyBank clients and non-U.S. citizens must apply in person at a local branch.
How to apply for the KeyBank Latitude® Credit Card
Applying for the KeyBank Latitude® Credit Card is a straightforward process that can be completed online, through the KeyBank mobile app, or in person at a KeyBank branch.
Online Application
To apply for KeyBank credit card, one needs to visit the company’s website, www.key.com and click the credit card link. Find the KeyBank Latitude® Credit Card and press the “Apply Now” button, In this application process, you will be required to include your SSN and ID. Online application only takes about 5 minutes to fill in if you exclude the time for preparation.
Application Through the Mobile App
You can also apply for the KeyBank Latitude® Credit Card using the KeyBank mobile app. Download the app from your device’s app store, log in or create an account, and follow the prompts to apply for the credit card. Ensure you have your identification information ready.
In-Person Application at a Branch
For those who prefer to apply in person or need assistance, visiting a KeyBank branch is a viable option. Locate your nearest branch using the branch locator on the KeyBank website. Schedule an appointment or walk in to speak with a representative who can guide you through the application process.
