Cash back · Mastercard · No annual fee
Last verified 2026-09-09. Review issuer source
KeyBank Business Cash Rewards is a no-annual-fee cash back card from KeyBank. It earns 2% on every purchase with no categories to track.
On our reference budget of $73,200 a year it returns about $1,464, an effective 2% back. The welcome bonus, $200 after $1,000 in 60 days, is the strongest reason to open it in a given year.
Keep business spending on it for the separate statement alone; the rewards are the extra. Check the issuer's other business card before deciding, since the categories differ more than the fees do. It charges 3% on foreign purchases, so leave it home when you travel abroad.
Welcome Offer: $200 bonus cash back on $1,000 spent in the first 60 days.
Qualify for 2% cash back on purchases when you also have a KeyBank business checking account and a Key Merchant Services account, each adds a .25% bonus to your base cash back earn rate of 1.5%.
Gain insurance coverage for rented vehicles, also known as the Collision Damage Waiver.
Benefit descriptions are the issuer’s and network’s own wording, trimmed for length. Limits and exclusions are in the guide to benefits.
| Card | Annual fee | Rewards earned | Net after fee | Rank |
|---|---|---|---|---|
| KeyBank Business Cash RewardsThis card · 2% on everything | None | $1,464 | +$1,464 | 10th of 752 |
| KeyBank Business RewardsKeyBank's most-held other card · 10x on everything | None | $732 | +$732 | 472nd of 752 |
| Edward Jones® Everyday Solutions Business World Elite Mastercard®The strongest no-fee card on this budget · 2x on everything | None | $1,704 | +$1,704 | 1st of 752 |
| Huntington Voice BusinessHighest net return on this budget · 4% on auto maintenance | None | $1,560 | +$1,560 | 2nd of 752 |
Reference budget: office supplies $6,000, internet, phone, and cable $3,600, shipping $6,000, advertising $12,000, software and tech $6,000, gas and ev charging $4,800, dining and restaurants $4,800, travel and transit $6,000, everything else $24,000. Points are valued at 1¢ unless the program is worth less; statement credits, welcome bonuses, and perks are left out. Run it with your own spending.
