How to Calculate your KeyBank Bonus Your KeyBank bonus is an annual percentage of your total monthly payments.
This is calculated by multiplying the total amount you’ve earned by your total outstanding balance (which you can see on your balance statement).
The amount of the bonus is based on your monthly payment, and it’s not refundable if you haven’t earned it by the end of the year.
You’ll get your bonus for the month after your account was opened.
KeyBank offers a range of bonuses based on what you earn and the total number of payments you’ve made.
This page gives you an idea of what you can earn per payment.
When calculating your bonus, we’ve added some special rules for how it works and how it compares to other credit cards.
For example, we don’t recommend using a credit card that has a balance penalty, and we don to your annual percentage to be too generous.
You can also consider taking a lower-interest rate card that offers lower APR’s, or a card that isn’t available in all countries.
Your Annual Percentage Rate When calculating a bonus, you can calculate your annual per-payment percentage based on the following factors: Your annual payment in the previous year.
The total of your outstanding balance in the current year.
Your balance at the end, and the amount of your payment we’re talking about.
This formula also applies to your bonus when you open a new account.
For more information, see our help page.
The formula works as follows: The sum of your payments from the previous calendar year, minus any bonus for your account in the first year.
For the following calendar year and the next, this is your total payments.
For each payment you receive, subtract the sum of the following: The amount you received from the credit card you opened in the year before The amount that was withheld from your account The amount the credit issuer withheld The total amount of cash you received that you paid off your balance in a month, minus the amount withheld from the account The total amounts of cash and cash equivalents you received at the beginning of the month.
For your next year, subtract your remaining balance in full from your balance at that time, and multiply that result by the amount you were owed at the time of the last payment.
For an example, say you opened a new credit card account in 2018.
Your total payments from previous years total $10,000.
The balance on your card in 2019 is $2,500.
You received a $1,500 bonus from the card.
Your next payment is a $100 bonus, and you received a second $1 the following year.
That means your remaining Balance is $3,500 and your balance is $4,000 in 2019.
If your account balance is higher than your balance when you opened the account, your bonus is the lower of the two amounts.
For a full explanation of how the formula works, see this page.
What you can’t do with a keybank credit card If you have an older card with an APR lower than 2% (2.0% for credit cards with a minimum APR of 1.75%), you can apply a lower bonus than that.
For instance, if you opened an account with an average APR of 2.0%, and you’ve applied your lower bonus to that account, the account would get a lower than 1.0 bonus.
But you can only apply a bonus to an account that is open for 12 months or longer, and your account has not been closed for 30 days.
If you open an account for less than 12 months, you’ll have to wait at least a year to apply the lower bonus.
For information about how to apply a creditcard bonus to a card with lower than 3% APR, see the FAQs for our guide to the 3% minimum APR card.
If the card is a bank account, you don’t get a bonus.
Your account won’t get any bonus.