A multifunction key fob for retaining a plurality of keys and extending a selected key into a useable position. The multifunction key fob includes a housing with a motorized key tray inside the housing for selectively aligning a key with an ejection port in the housing. The key tray includes a plurality of key slots and a moveable key carriage in each key slot for moving a key up and down inside its respective slot. When a button on the surface of the housing is pressed, a key in a corresponding slot is extended.