No interest for the first 12 months on balance transfers made in the first 60 days.*
Take advantage of our $0 annual fee. Plus, no foreign transaction fees.
Redeem 2% cashback towards your eligible student loans, 1% towards anything else.1
*When you transfer your balance within the first 60 days of account opening. After that, the variable APR on balance transfers will be 13.99% – 22.99%, based on creditworthiness. Avoid being charged interest on purchases when you pay your entire balance (including balance transfer) by the due date each month.2
Enjoy all the additional rewards of being a World Mastercard® member with your Laurel Road Student Loan Cashback℠ card.Apply Now
You can apply for a Laurel Road Student Loan CashbackSM credit card online. To start your application, click here.
You can use your cashback rewards to pay down student loans being serviced by most of the major student loan servicing companies, see the full list of eligible servicing companies below.
Eligible loan servicers include:
New cardmembers will receive an introductory cashback bonus after spending $5,000 within 90 days of account opening. The bonus cashback amount will be $500 if redeemed towards student loans with an eligible servicer. The bonus cashback amount will be $250 if redeemed for statement credit. For a list of eligible servicers, click here. Cashback is awarded based on eligible credit card purchases excluding transactions such as cash advances of any type, balance transfers, convenience check transactions, overdraft protection transfers and quasi-cash transactions.
If you have questions about the Laurel Road Student Loan Cashback℠ credit card, you can call (833) 427-2265, or email firstname.lastname@example.org for assistance. Specialists are available by phone, chat and email 7 days a week, from 7:00 AM – 11:00 PM ET.
For TDD/TTY (for the hearing impaired), call 1-800-539-8336.
|Interest Rates and Interest Charges|
|Annual Percentage Rate (APR) for Purchases||Your APR will be 13.99% to 22.99% based on your creditworthiness. This APR will vary with the market based on the Prime Rate.|
|APR for Cash Advances||23.99% 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 13.99% to 22.99%. 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|
|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||$10.00|
|Foreign Transaction Fee||0% of the amount of each foreign transaction after its conversion into U.S. Dollars. Refer to Terms & Conditions.|
|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.
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.
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. Cashback is awarded based on eligible credit card purchases excluding transactions such as cash advances of any type, balance transfers, convenience check transactions, overdraft protection transfers and quasi-cash transactions.
Eligible student load services include the following:
Laurel Road – MOHELA Loan Servicing; Alaska Commission (ACPE); American Education Services; Aspire Servicing Center; Bank of North Dakota; College Ave Student Loans; College Foundation Inc.; CommonBond; CornerStone U.S Department of Education; CornerStone Education Loan Services; Discover Student Loans; Earnest Operations LLC; EdFinancial Services U.S Department of Education; EdFinancial Services; FedLoan Servicing Department of Education; First Mark Services; Great Lakes U.S Department of Education; Granite State Management & Resources; Granite State Management & Resources – U.S Department of Education; Heartland – ECSI; Kentucky Higher Education Student Loan Corporation; Launch Servicing; Lendkey Technologies Loan; MOHELA-SoFi; MOHELA-U.S Department of Education; MOHELA Education Loan Servicing; National Student Lona Services; Navient Commercial Loans; Navient – U.S. Department of Education Loan Servicing; Navient Private Loans; NaviReFi; North Carolina State Education Assistance Authority; Nelnet ” J ”; Nelnet ” D ”; Nelnet E Department of Education; NJHESAA or NJ Class; North Texas HEA; Oklahoma Student Loan; Oklahoma Student Loan U.S Department of Education; PenFed Credit Union; ReliaMax Ln. Services LLC; Rhode Island Student Loan Authority; RSLFC Payment Center; Sallie Mae; SEAA Repayment Services; Tuition Options; UAS; UHEAA; VSAC Payments; Wells Fargo Education Loan.
See Terms and Conditions below for more information.
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 13.99% - 22.99% 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 cash back bonus offer after spending $5,000 within 90 days of account opening. The bonus cashback amount will be $500 if redeemed towards student loans with an eligible servicer. The bonus cashback amount will be $250 if redeemed for statement credit. Cashback is awarded based on eligible credit card purchases excluding transactions such as cash advances of any type, balance transfers, convenience check transactions, overdraft protection transfers and quasi-cash transactions.
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.
Eligibility: Laurel Road Perks! and Financial Insights are available to current Laurel Road Members with an existing credit card, student loan, or personal loan who are physicians and dentists, including interns, residents, fellows, clinical professors, researchers, and managing physicians or dentists with one of the following qualifying medical or dental degrees: Doctor of Medicine, Doctor of Osteopathic Medicine, Doctor of Dental Surgery, Doctor of Medicine in Dentistry/Doctor of Dental Medicine, Doctor of Audiology, Doctor of Chiropractic, Doctor of Naturopathic Medicine, Doctor of Optometry, Doctor of Podiatry, or Doctor of Veterinary Medicine.
©2021 KeyCorp. Laurel Road is a brand of KeyBank National Association.
KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of 03/30/2021. Information and rates are subject to change without notice.
Laurel Road Student Loan CashbackSM 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”).
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.
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.
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.
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.
Last Version: January 2021