Cash Back Credit Cards

Benefits of The Laurel Road Student Loan Cashback^® Card

Discover all the benefits of our cashback card.

Low Introductory APR

0% APR for the first 12 months on balance transfers made in the first 60 days. After that, 18.49% - 27.49% APR applies.*

No Annual Fee^†

Take advantage of our $0 annual fee. Plus, no foreign transaction fees.

Flexible Cashback

2% cashback towards eligible student loans, 1% cashback towards anything else.¹

Extended Eligibility

The first card that lets you redeem cashback with 95% of student loan servicers.²

*When you transfer your balance within the first 60 days of account opening. After that, the variable APR on balance transfers will be 18.29% - 27.24%, based on creditworthiness. Avoid being charged interest on purchases when you pay your entire balance (including balance transfer) by the due date each month.³

Introductory Cashback Credit Card Offer

Everyday spending can help you earn $300.⁴

As a new member, you can earn $300 in cashback rewards towards any eligible student loan after you spend $3,000 in the first 90 days with your Laurel Road Student Loan Cashback card.

Apply Now

Everyday spending can help you earn $300.

Student Loan Cash Back Calculator

Estimate how much you could save on your student loans with monthly cashback rewards.

How much could you save on student loans?

Enter your Current Loan Balance

Enter your Current Loan Monthly Payment

Enter your Current Loan Interest Rate (%)

Select the amount you spend each month on everyday spending

$1,200

Total Monthly Cashback (only when applied to eligible Student Loans)

Your estimated student loan savings

Estimated loan savings after first year
(includes 11 months of cashback)

Estimated savings over the life of the loan

Total loan paid after estimatedcashback savings
(loan amount includes principal and interest)

Start Over

This calculator is for illustrative purposes only. The estimated savings are based on values you input and the following assumptions: your currently monthly payment on your loan stays the same over the life of your loan; you make all required monthly payments on your loan; and the monthly cashback reward payment is applied as an extra payment directly to your loan principal.

If you pay less than the full credit card balance each month, you should consider interest charged against any potential savings towards your student loans.

World Mastercard^® Benefits⁵

Rewards that unlock a world of possibilities.

Enjoy all the additional rewards of being a World Mastercard^® member with your Laurel Road Student Loan Cashback card.

Mastercard ID Theft Protection^TM
Extended Warranty
Purchase Assurance
Mastercard Priceless^® Experiences
Mastercard Global Service^TM

Frequently Asked Questions

Questions? We've got answers.

View All FAQs

^†Laurel Road Rate and Fee Disclosure

Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Purchases	Your APR will be 18.24% to 27.24% based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
APR for Cash Advances	28.24% This APR will vary with the market based on the Prime Rate.
APR for Balance Transfers	0.00% Introductory APR for the first 12 monthly billing cycles following account opening when balance is transferred within the first 60 days following account opening. After that, your APR will be 18.24% to 27.24%. This APR will vary with the market based on the Prime Rate.
Paying Interest	Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date of each month. We will begin charging interest on cash advances, convenience check advances and balance transfers on the transaction date.
Minimum Interest Charge	If you are charged interest, the charge will be no less than $0.50
For Credit Card Tips from the Consumer Financial Protection Bureau	To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau https://www.consumerfinance.gov/learnmore
Fees
Annual Fee	None
Transaction Fees:
Balance Transfer Fee	Either $10.00 or 3% of the amount of each transaction, whichever is greater.
Cash Advance Fee	Either $10.00 or 4% of the amount of each transaction, whichever is greater.
Convenience Check Advance Fee	Either $10.00 or 3% of the amount of each transaction, whichever is greater.
Overdraft Protection Transfer Fee	$0.00
Foreign Transaction Fee	0% of the amount of each foreign transaction after its conversion into U.S. Dollars. Refer to Terms & Conditions.
Rush Order Fee – Card Replacement	$25 if expedited delivery is requested
Penalty Fees:
Late Payment	Up to $39.00

How We Calculate Your Balance: We use a method called the average daily balance method (including new purchases). See your Cardmember Agreement for details.

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your Cardmember Agreement.

Loss of Introductory APR: If you make a late payment, we may end offering you a lower introductory APR and begin charging you the higher APR (for Balance Transfers) that is specified in the table above and scheduled to take effect after the introductory APR is no longer effective.

Your APRs are variable rates that will be calculated by adding a “spread” or “margin” to an index. The index is the Prime Rate as published in the “Money Rates’ section of The Wall Street Journal. At the end of your billing period, we look at the Prime Rate as published on the last business day of the previous calendar month to determine your index. An increase or decrease in the index will cause a corresponding increase or decrease in your variable rates effective as of the first day of your billing cycle that begins in the same month in which such change in the index is published. If the APR increases you will pay a higher interest Charge and may have a higher Minimum Payment. If The Wall Street Journal ceases to publish the Prime Rate, or if it changes the definition of the U.S. Prime Rate, we may in our sole discretion, substitute another index.

Once any introductory APR period has expired, to determine the APR for Purchases, we add 10.74% – 19.74% to the Prime Rate, to determine the APR for Balance Transfers, we add 10.74% – 19.74% to the Prime Rate and to determine the APR for Cash Advances, we add 20.74% to the Prime Rate. All rates are determined based on creditworthiness.

Rates, fees and other information contained within this disclosure are accurate as of 12/19/24 and were in effect within 30 days of this form being provided, but are subject to change after that date. You should contact Laurel Road for any changes in this information since it was printed at 1-833-427-2265 (1-833-HCP- BANK) or Dial 711 for TTY/TRS.

View Cardmember Agreement
View Rates and Fees Table

Laurel Road Student Loan Cashback Card

Tackle your student loans with cashback rewards.

Now every dollar you spend can help you pay down your student loans when you redeem 2% cashback towards your loans with any eligible servicer.¹

Introductory cashback offer³
2% cashback towards student loans
1% cashback towards everything else
No annual fee^†
No foreign transaction fees^†

Disclaimers

All credit products are subject to credit approval.

You will earn 2.0% in Cashback Rewards for each $1 spent on eligible Purchases if you redeem your Cashback Rewards towards your Student Loan with an eligible servicer. This equates to $0.02 in Cashback Rewards, for each $1 spent. For example, if you spend $100, you will earn $2.00 in Student Loan Credit. You will earn 1.0% in Cashback Rewards for each $1 spent on eligible Purchases if redeemed for a statement credit. This equates to $0.01 in Cashback Rewards, for each $1 spent. For example, if you spend $100, you will earn $1.00 in Cashback Rewards. For more information visit https://www.laurelroad.com/cash-back-credit-card/#disclaimer.
For a full list of eligible loan servicers, visit https://www.laurelroad.com/faq/which-student-loan-servicers-do-you-work-with-for-the-laurel-road-student-loan-cashback-card/.

0% Intro APR for the first 12 months on balance transfers when you transfer your balance within the first 60 days of account opening. After that, the variable APR on balance transfers will be 18.49% to 27.49% based on creditworthiness. This APR will vary with the market based on the Prime Rate. Balance transfer fee is either $10.00 or 3% of the amount of each transaction, whichever is greater.

DO YOU PAY YOUR BALANCE IN FULL EACH MONTH?

If you always pay your balance in full each month, you do not pay interest on your purchases. This is called a grace period. You will lose this grace period if you transfer a balance and do not pay off your entire balance by the payment due date. Even if you pay off all of your purchases in full each month, you will begin to pay interest on those purchases. To avoid interest on purchases, you must pay the entire balance (including the balance transfer amount) each month by the payment due date. Here’s an example: Let’s say you complete a balance transfer or write a $1,000 convenience check. No matter how else you use your card, that part of the balance has the disclosed Introductory APR for the disclosed amount of billing cycles from account opening. Then you make a $500 purchase with your card. Purchases are charged the disclosed purchase APR from the transaction date once you lose your grace period. If you do not pay the entire $1,500 by the payment due date you will have lost your grace period and therefore you will pay the disclosed purchase interest APR on the $500 in card purchases from the transaction date.

Introductory offer: For a limited time earn a cashback reward after spending $3,000 within the first 90 days of account opening. Offer is subject to change at any time. The cashback reward amount will be $300 if redeemed towards student loans with an eligible servicer. The cashback reward amount will be $150 if redeemed for statement credit. Cashback is awarded based on eligible credit card purchases. For more information, visit laurelroad.com/faq/how-do-i-get-the-introductory-offer-for-the-laurel-road-student-loan-cashback-card/.
Benefits are subject to terms, conditions and limitations, including limitations on the amount of coverage. Coverage is provided by New Hampshire Insurance Company, an AIG company. Policy provides secondary coverage only. Please see your Guide to Benefits for details, or call 1-800-MASTERCARD. This page contains Mastercard benefits available for new credit card clients. If you already have a KeyBank credit card, your Mastercard benefits may be different from those listed above. Please refer to documents you received when you opened your account or call 1-800-MC-ASSIST for more information. The creditor and issuer of this credit card is KeyBank N.A., pursuant to a license from Mastercard International Incorporated. Mastercard and Tap & Go are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Click here for Mastercard World Benefits associated with this card.

Laurel Road Student Loan Cashback^® Credit Card Program Terms and Conditions

These Terms and Conditions provide you with detailed information about how the Laurel Road Student Loan Cashback Credit Card program works, and is an agreement between you and Laurel Road. This is a separate and independent agreement from the Cardmember Agreement; however, it is subject to the Arbitration Provision of the Cardmember Agreement, which is incorporated herein by reference. Additionally, defined terms used in these Terms and Conditions, unless otherwise defined herein, will have the meanings ascribed to them in the Cardmember Agreement. When you, or an Authorized User, use your Account or Card, it means you accept these Terms. This information is provided to you, the Cardmember, from us, Laurel Road, a brand of KeyBank National Association, the issuer of your Key Cashback Credit Card (the “Card”).

Definitions. In these Terms, the following words have special meanings:
1. “Cashback Rewards” means the rewards you earn under the Program.
2. “Eligible Purchase” means Purchases of goods and services for personal, family, or household use you, or an Authorized User, makes, minus any refunds or returns, and excluding any of the transactions described in Section 3 below.
3. “Program” means the Key Cashback Credit Card program.
4. “Servicer” means one of the eligible Student Loan servicers listed on our website, https://laurelroad.com/creditcard, as such list may be updated from time to time
5. “Student Loan” means any outstanding private loan for “qualified higher education expenses,” as defined under 26 U.S.C. § 221 et seq., serviced by an eligible Servicer.
6. “Student Loan Credit” means the Cashback Rewards you redeem towards your Student Loan.
7. “Terms” means the Key Cashback Credit Card Program Terms and Conditions, as they may be amended or modified from time to time.
8. “we,” “us,” “our,” and “Laurel Road” means Laurel Road, a brand of KeyBank National Association, and its affiliates, the issuer of your Account and Cards.
9. “you,” “your,” and “yours” means any person who applied for the Account and any other person liable on the Account by any other means.
Changes to the Terms or Program.
1. Generally. We may make changes to the Program, and these Terms, at any time. For example, we may:
  - Add new terms or delete terms
  - Change how you earn Cashback Rewards
  - Change how you use or redeem your Cashback Rewards
  We may also temporarily prohibit you from earning Cashback Rewards, using Cashback Rewards you have already earned, or using any other feature of the Program. We may supplement these Terms with additional terms, conditions, disclosures, and agreements, which will be incorporated into these Terms.
2. When we will provide you with advance notice. We will provide you with 30 days’ prior advance notice of the following types of changes to the Program or these Terms:
  - If we add or increase fees applicable to the Program
  - If we change the rate at which you earn your Cashback Rewards
  - If we limit the amount of Cashback Rewards you can earn
  - If we cancel the Program
  We will provide you notice of these types of changes in writing, which, at our option, may be delivered to you electronically through email or through our online services.
3. Other notices. We will provide notice of other changes to the Program or these Terms by posting an updated copy of these Terms when you log into our website, https://laurelroad.com/creditcard.
How you can earn Cashback Rewards. You earn Cashback Rewards when you, or an Authorized User, uses a Card to make most Purchases of goods and services, minus refunds or returns. The Account and your Cashback Rewards are for personal, family and household use, and we reserve the right to disallow or remove Cashback Rewards awarded for Purchase made for other than personal, family or household use. Additionally, certain transactions do not count as Purchases for purposes of earning Cashback Rewards:
- balance transfers
- Cash Advances (such as the purchase of cash or cash equivalents, including casino chips, lottery tickets, or money orders) or ATM disbursements
- person-to-person money transfer
- use of any Convenience Checks
- interest on your Account
- unauthorized or fraudulent charges
- fees of any kind, as applicable
Your Cashback Rewards are stored in your Account in dollars and cents and rounded to the nearest cent. We will add Cashback Rewards to your Account at the end of each day, based on the Purchases made by you, or an Authorized User, that post to your Account during the day, but minus any returns or refunds. The rate you earn on your Cashback Rewards on a transaction depends on the date on which your Purchase posts to your Account, which may be up to two (2) business days after you make the transaction. Your Cashback Rewards amount will be displayed on our website, at https://laurelroad.key.com and on your Monthly Statement. There may be a delay between when your Cashback Rewards are added to your Account and when they are visible to you on the website. We may, from time to time, offer additional ways for you to view your Cashback Rewards amount, such as through our mobile applications.
What You Will Earn. You will earn 1% in Cashback Rewards for each $1 spent on eligible Purchases if redeemed for a statement credit. This equates to $0.01 in Cashback Rewards, for each $1 spent. For example, if you spend $100, you will earn $1.00 in Cashback Rewards. You will earn 2.0% in Cashback Rewards for each $1 spent on eligible Purchases if you redeem your Cashback Rewards towards your Student Loan. This equates to $0.02 in Cashback Rewards, for each $1 spent. For example, if you spend $100, you will earn $2.00 in Student Loan Credit.
Redeeming Your Cashback Rewards. You can redeem your Cashback Rewards at any time by visiting our website, at https://laurelroad. key.com, or by calling us at the number on the back of your Card. You may elect to redeem your Cashback Rewards either as a statement credit to your Account or a Student Loan Credit. No other redemption options are available. You may redeem your Cashback Rewards starting at a penny, and there is no maximum redemption limit.
1. Redeeming for a Statement Credit. A statement credit will reduce your Account Balance. Statement credits appear on your Bill as an adjustment and not as a Payment, so you must continue to pay your Minimum Payment due each month. Receipt of a statement credit does not affect your responsibility to pay your Minimum Payment, as shown on your Monthly Statement. The statement credit will generally be processed within 7 business days from the date you redeem your Cashback Rewards.
2. Redeeming for a Student Loan Credit. If you elect to redeem your Cashback Rewards for a Student Loan Credit, we will issue the payment to your applicable Servicer within ten (10) business days. Once the Student Loan Credit is issued to your Servicer, you understand and agree that we shall have no further responsibility or control over how quickly your Servicer may post the Student Loan Credit to your Student Loan or how it may be applied to the balance of your Student Loan. If your Servicer returns the Student Loan Credit to us, such amount will be returned to your Cashback Rewards balance and will again be available for redemption.
Expiration of Cashback Rewards. Your Cashback Rewards have no expiration. However, provided your Account is not in Default, we will automatically issue a statement credit to your Account if your Account is closed, if we are notified of your death and you are the sole owner of your Account, or if your Account has become inactive. Your Account becomes inactive when you do not make any eligible Purchases for a twelve (12) month period. If your Account becomes, and remains, inactive, a statement credit will be issued to your Account within five (5) business days of December 31 each year.
When You Will Not Be Able to Earn or Redeem Your Cashback Rewards. We may temporarily suspend your Account from earning Cashback Rewards, or using Cashback Rewards you have already earned, if any of the following occurs:
- If you do not make your Minimum Payment on your Account by the Due Date.
- If we believe you have engaged in fraudulent activity related to your Account or the Program.
- If we believe you have misused the Program in any way. Examples include, but are not limited to:
  - Buying or selling any Cashback Rewards
  - Moving or transferring Cashback Rewards to an ineligible third party or account
  - Repeatedly opening, or otherwise maintaining, credit card accounts for the purpose of generating Cashback Rewards
If we suspend your participation in the Program, you may begin earning and using Cashback Rewards again in the next Billing Period after your Account is current or when we no longer suspect fraud or misuse of the Account or Program.
When You May Lose Your Cashback Rewards. Your Cashback Rewards do not expire, subject to Section 6 of these Terms, as long as your Account is open. If you lose your Cashback Rewards pursuant to these Terms, we will not reinstate them unless we have made an error.
1. Immediate Loss of Cashback Rewards. However, you will immediately lose any earned Cashback Rewards if your Account status changes, or your Account is closed for Default, for any of the following reasons:
  - You fail to make the Minimum Payment due on your Account within 60 days of the Due Date.
  - You fail to comply with these Terms or other agreements you have with us related to your Account.
  - We believe you may be unwilling or unable to pay your debts on time.
  - You file for bankruptcy.
  - We believe you have engaged in fraudulent or illegal activity related to your Account or the Program.
  - We believe you have misused the Program in any way, including, but not limited to, the circumstances outlined above in Section 7 of these Terms.
2. Other Times You May Lose Your Cashback Rewards.
  1. Other Account Closures. If your Account is closed for any other reason, you will have at least 30 days from the date your Account is closed to redeem your Cashback Rewards; provided, however, that you have not already lost your Cashback Rewards for any of the reasons outlined in these Terms. If you do not redeem your Cashback Rewards before the end of the redemption period we provide you, you will lose any remaining earned Cashback Rewards.
  2. Cancellation of the Program. If we decide to terminate the Program, you will have at least 30 days from the date we cancel the Program to redeem your Cashback Rewards; provided, however, that you have not lost your Cashback Rewards for any of the other reasons outlined in these Terms. If you do not redeem your Cashback Rewards before the end of the redemption period we provide you, you will lose any remaining earned Cashback Rewards.
Communications. We may send you communications about the Program at any mailing or email address we have for you in our records, or through our website, https://laurelroad.key.com, or our mobile applications. We may change or terminate all, or part, of these Terms. Any such changes to these Terms will be in accordance with applicable law, and we will provide you with notice as required by law.
Other Important Information.
1. Cashback Rewards cannot be transferred or moved unless expressly provided for in these Terms. Additionally, Cashback Rewards cannot otherwise be transferred by operation of law, such as by inheritance, in bankruptcy, or in connection with a divorce.
2. We may assign our rights and obligations under these Terms to a third party, who will then be entitled to any of our rights that we assign them.
3. We are not responsible for any disputes you may have with any Authorized Users on your Account about the Program.
4. We, and our affiliates, directors, officers, employers, agents, or contractors make no representations or warranties, either express or implied, including, but not limited to, those of merchantability, fitness for a particular purpose or use, and otherwise arising from law, custom, usage, trade practices, course of dealing, or course of performance. You release us, and our affiliates, directors, officers, employers, agents, and contractors for all activity in connection with the Program, including, but not limited to, use of the Program, and any redemption of Cashback Rewards through the Program.
5. You agree to indemnify us, and our affiliates, directors, officers, employers, agents, or contractors harmless from and against any loss, damage, liability, cost, or expense of any kind (including attorneys’ fees) arising from you or your Authorized Users’ use of the Program, any fraud or misuse of the Program, violation of these Terms, and/or violation of any applicable law or the rights of any third party.
6. The Program is void where prohibited by federal, state, or local law.
7. These Terms and the Program will be governed by federal law, and to the extent state law is applicable, the laws of the state of Ohio, and these laws will apply no matter where you are or use the Program.
8. We may enforce these Terms at any time. We may delay enforcement without losing our right to enforce these Terms at a later time. If any provision of these Terms are determined to be void or unenforceable under any law, rule or regulation, all other provisions of these Terms will remain valid and enforceable.

KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. This information is current as of August 1, 2023. Information and rates are subject to change without notice.

Laurel Road Student Loan Cashback® Card

Redeem 2% cashback towards any eligible student loan.1

Discover all the benefits of our cashback card.

Low Introductory APR

No Annual Fee†

Flexible Cashback

Extended Eligibility

Introductory Cashback Credit Card Offer

Everyday spending can help you earn $300.4

Student Loan Cash Back Calculator

How much could you save on student loans?

Your estimated student loan savings

Rewards that unlock a world of possibilities.

Questions? We've got answers.

Which student loan servicers do you work with for the Laurel Road Student Loan Cashback® card?

How do I apply for the Laurel Road credit card?

Who do I contact if I have more questions?

How do I get the $300 introductory reward offer for the Laurel Road Student Loan Cashback® card?

What other benefits do I get with the World Mastercard® program?

How do I activate my Laurel Road credit card?

†Laurel Road Rate and Fee Disclosure

Tackle your student loans with cashback rewards.

Laurel Road Student Loan Cashback^® Card

Redeem 2% cashback towards any eligible student loan.¹

No Annual Fee^†

Everyday spending can help you earn $300.⁴

^†Laurel Road Rate and Fee Disclosure