Consumer Payment Card News

KeyMiles

Cleveland-based KeyBank this week officially launched its new debit card which offers airmiles for signature debit transactions. The “KeyMiles” debit MasterCard offers one Continental Airlines “OnePass” mile for each $2 in signature debit purchases. The card carries a $30 annual fee and up to five debit cards can be issued per account. More than two million existing KeyBank customers, including small business owners, are being given the opportunity to upgrade to the new card. However, the card is available to new customers. KeyCorp announced the program in February, becoming the second U.S. issuer to offer Continental “OnePass” miles for signature debit POS transactions. In February 1999, Chase Manhattan launched the first co-branded debit card program in the USA. Teaming with Continental Airlines, Chase offers one “OnePass” mile for every two dollars spent on both PIN and signature purchases. Chase has since launched a business debit card version of the program. For more information on the new “KeyMiles MasterMoney” card please visit: www.key.com

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