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KeyBank Points

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How much is a KeyBank Point worth? 1.00 cent. Although if you redeem in increments less than 10,000 points at a time, a point is only worth 0.50 cents. This annoying tactic to skim a few bucks out of your pocket leaves a bad taste in our mouths, and makes us even less inclined to recommend the unremarkable KeyBank Rewards cards.

Redemption Options.

Gift Cards, point value ranges from 0.50 cents to 1.50 cents

  • 5,000 points gets you a $25 gift certificate at Barnes & Noble, Cracker Barrel, Darden Restaurants, JCPenney, Options, Pier1, Toys r Us. This is a value of 0.5 cents per point.
  • Point values scale above 1 cent per point when you redeem 36,000 points or more. There are a few $500 gift cards cost 40,000 points, and a $1000 Sears costs 65,000 points.

Air Travel, point values range from 1.00 cent to 1.25 cents

  • 10,000 points gets you a $100 discount on any airfare.
  • 20,000 points gets you a $200 discount on any airfare.
  • 32,000 points gets you a $400 discount on any airfare.

Expiration.

  • Points expire 48 months after they are issued.

See for yourself at KeyBank’s redemption website.

›› MORE: Reviews of major rewards programs