First time posting .... hope I did it right

KEY BANK SPECIAL ONLINE OFFER

Or you can go to key.com and click on the top banner.

Details

Take Advantage Of This Limited Time Offer

* 0% APR on balance transfers for 12 months1†
o A balance transfer fee applies
o Your payments will be applied to low APR balances before higher ones
* 5% rebate on purchases for the first three months†
* 1% rebate thereafter
* No annual fee

† PLATINUM CARD Cash Back PROGRAM INFORMATION You will earn 5% Cash Back on purchases for the first three months your account is opened. Thereafter, you will earn a 1% Cash Back on purchases made during each billing cycle. Cash advances, balance transfers, returned purchases, disputed or unauthorized/fraudulent transactions, finance charges, and account fees do not earn a Cash Back unless otherwise specified. You may accumulate maximum Cash Back of up to $300 per calendar year (eligible transactions appearing on your January - December billing statements) payable in checks of $50 or more only upon your request. Your account must be open and not in default to earn or receive the Cash Back. If at any time your account becomes delinquent, is closed or is in default, you will forfeit all Cash Back accrued through the billing cycle in which the account was closed, or the delinquency or default occurred. The Terms and Conditions of the Cash Back program may be changed or canceled at any time, for any reason, with 90 days' prior written notice. Certain other restrictions apply. Please see the Cash Back Program Terms and Conditions accompanying the credit card. Limited time offer subject to change without notice

PLEASE NOTE: The 5% Cash Back on purchases for 3 months and the 0% APR on balance transfers for 12 months offers apply only to the Platinum card. If you do not meet our criteria for the Platinum card, your application will be considered in turn, for the Gold or Classic card. These offers to not apply to the Gold and Classic cards and the Gold and Classic cards do not have the same benefits as the Platinum card.

1Platinum card: After the promotional period, the standard APR for purchases will be applied to all remaining balance transfer amounts. (As of June 1, 2007, the standard variable APR for purchases: 13.24%; The standard variable APR for cash advances: 19.99%).
Gold card: As of June 1, 2007, the standard variable APR for purchases and balance transfers: 18.24%; the standard variable APR for cash advances: 23.24%.
Classic card: As of June 1, 2007, the standard variable APR for purchases, balance transfers and cash advances: 25.24%.

QUOTE FROM TERMS AND AGREEMENT
Transaction fee for cash advances:3.00% of the amount of each Cash Advance, but not less than $5.00.
Transaction fee for balance transfers:3.00% of the amount of each Balance Transfer, but not less than $5.00 or more than $75.00.

Green for good first post fattykokoya. I looked at the T&C's and, similar to Citi BT's, you have up to 12 months to make your initial BT, and then 12 months from that point to pay it off. I'd suggest using this card for the first 3 months for the 5% on everything - then pay the balance in full - then initiate a BT.

Great post fattykokoya, and welcome to FW. I'm in the process of compiling a list of cards for a small-scale AOR (10-15 cards) for my wife and this will fit nicely, assuming I can figure out a way to spend 6k on the card, pay it off and then do the BT to get that full $300.

Very interesting, I just applied for 5 citibank cards, wonder if I'd be considered maxed out from applying for the Key Bank card?

lhendricks92 said:markkundinger said:Very interesting, I just applied for 5 citibank cards, wonder if I'd be considered maxed out from applying for the Key Bank card?

only one way to find out.
Yep, I also just applied (for the mom) for 5 citi cards last week (2 personal, professional, and 2 business; all were instantly approved) and applied for this Key card last night. They don't appear to give instant approvals, so as of now the app status is deferred. I haven't searched yet, but does anyone know if Key allows CL consolidation or movement as she has an existing 20k line with key?

markkundinger said:Very interesting, I just applied for 5 citibank cards, wonder if I'd be considered maxed out from applying for the Key Bank card?
I noticed out of the 5 you still have 2 deferred, Any news on them yet? I am probably wrong but I just can't see why they would give you another. I might use this offer to test the waters for a second AoR. My strategy was to close and consolidate most cards. So right now I have only one CITI card, $72k CL by closing and reallocating my CITI Hilton to my Diamond Preferred rewards. 0 Balance on card but did use it for a good amount of spending up until recently to get the 2% rewards. So thinking I will apply for this card and depending on limit I will make my decision about the second AoR

scott1961 said:markkundinger said:Very interesting, I just applied for 5 citibank cards, wonder if I'd be considered maxed out from applying for the Key Bank card?
I noticed out of the 5 you still have 2 deferred, Any news on them yet? I am probably wrong but I just can't see why they would give you another.
It's only been a few days. I don't know why they'd give me that many cards either, but my last AOR netted four citibank cards (And five has been done by others) so it doesn't mean they won't do it.

Mike, those deferrals may be a sign that in about a week you'll get a letter from citibank saying you were denied for too many apps too quickly. I don't think they do insta-denials. Or, you know, you might get the card. Would be interested to find out what happens with yours, as I'm thinking of firing off an app in a week or two, just to see what happens.

Sounds like a great deal. I only wish I could qualify for a credit card instead of constantly being told I have too much debt (when I do) or too much available credit (when I pay the debt off). I'm in a catch 22 and think that I've basically maxed out on my credit. Its depressing as hell knowing I am leaving 0% money on the table.

Okay I applied for the key bank offer for platinum card and am severly peeved at this point. I called the number on link for application status and found out I was approved for a gold card with 5000 limit. Of course gold card does not have the bt offers or 5%rebate. I pulled my credit report to see wth happened and my fico still stands at 750. This was a BAIT AND SWITCH. I will definitely cancel the card the minute it arrives.

I thought about doing that, but are you sure that its possible since its key bank and citi, and not just a citi product?