CLEVELAND, Dec. 10, 2019 /PRNewswire/ -- Americans plan
to spend more than ever this holiday season, but despite surging
retail sales, not all things are merry and bright. At the end of
the 2018 holiday shopping season, the average shopper added more
than $1,200 in holiday debt.
KeyBank's EasyUp SM is putting the
power of the purchase back into holiday shoppers' hands, having
saved clients nearly $5 million in
just five months.
EasyUp SM helps clients effortlessly save
money to pay down holiday debt. Each KeyBank debit card purchase
automatically triggers a $1 transfer
from checking to savings, resulting in helping clients save an
average of $400 per
year. The tool is seamlessly integrated within KeyBank's online
banking and mobile app and is available at no cost for clients,
empowering them to save without having to think about it.
"With half of shoppers anticipating it will take them five
months or longer to recover from holiday debt, it is important
that they prepare for this season of spending," said Dennis Devine, President of Key Consumer Bank.
"Incorporating financial tools like
EasyUp SM will help clients make the most of
their dollars and evade a holiday shopping hangover."
The Key Cashback credit card is another tool putting money back
in shoppers' wallets this holiday season. Those clients are earning
an average of $300 of cash
back annually just for using the Key Cashback card for their
purchases. The card offers an impressive 2% cash back with every
purchase for those who bank and save with Key, and 1.5% cash back
for those who don't, all with no caps, no limits, no rotating
categories and no annual fee.i ii
"More than 6 in 10 shoppers with holiday debt feel stressed
about it, but holiday spending doesn't have to derail financial
wellness journeys," said Mitch Kime,
Head of Consumer Payments in KeyBank's Enterprise Payments group.
"Shoppers should consider how purchasing options, like
EasyUp SM and the Key Cashback credit card,
can make a meaningful difference this holiday shopping season."
- For more information on EasyUp SM, go to
https://www.key.com/easyup
- For more information on the Key Cashback credit card, go to
https://www.key.com/cashback
- To learn more about when credit cards can boost finances, see
our infographic "The Basics: Credit Cards on Your Financial
Journey"
About KeyCorp
KeyCorp's roots trace back 190 years to
Albany, New York. Headquartered in
Cleveland, Ohio, Key is one of the
nation's largest bank-based financial services companies, with
assets of approximately $146.7
billion at September 30, 2019.
Key provides deposit, lending, cash management, and investment
services to individuals and businesses in 15 states under the name
KeyBank National Association through a network of over 1,100
branches and more than 1,400 ATMs. Key also provides a broad range
of sophisticated corporate and investment banking products, such as
merger and acquisition advice, public and private debt and equity,
syndications and derivatives to middle market companies in selected
industries throughout the United
States under the KeyBanc Capital Markets trade name. For
more information, visit https://www.key.com/. KeyBank is
Member FDIC.© 2019. KeyCorp. CFMA # 191202-703188
i To be eligible for the 2% cash back, you must
have a KeyBank checking account, excluding a health savings account
with $1,000 in aggregate deposits per
month, excluding transfers from another KeyBank account, and a
KeyBank savings or investment account with a minimum daily balance
of $1,000. If you do not meet either
of the criteria above after 1 month of your account opening, you
will earn 1.5% cashback on all eligible purchases. We will
determine whether you have met the bank and save criteria on the
last Monday of each calendar month, based on your deposit and
balance activity over the thirty (30) days prior to the immediately
preceding Saturday. If you have not met the bank and save criteria,
your rate for the following calendar month will be 1.5%.
ii The APRs may vary. Currently the undiscounted
variable APR for Purchases and Balance Transfers is from 15.99% to
24.99% (depending on your creditworthiness). The variable APR for
Cash Advances is 25.99%. Cash Advance fee: 4%, $10 minimum. Convenience Check fee: 3%,
$10 minimum. Cash Equivalent fee: 4%,
$10 minimum. Balance Transfer fee:
3%, $10 minimum. Overdraft Protection
Transfer fee: $10. There is a
$0.50 minimum finance charge where
the interest is due. Foreign Transaction fee: 3% of each foreign
purchase transaction in U.S. dollars. Transactions originating in
Canada are excluded from this fee.
Refer to Terms and Conditions.
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SOURCE KeyCorp