Reviews PNC Cash Rewards Visa Signature Business card review
PNC Cash Rewards Visa Signature Business card review

PNC Cash Rewards Visa Signature Business card review

Published: April 24, 2017
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Ratings Policy
Business Rating:
2.7 rating
2.7 rating
2.7 / 5
Rewards Value 2.5
Annual Percentage Rate 0.5
Rewards Flexibility 2.7
Features 3.0

In a nutshell:

The PNC Cash Rewards Visa Signature Business card is a solid cash back card with straightforward rewards and business-friendly benefits, but its mediocre sign-up bonus and restrictions on redemption limit its appeal.

Rewards Rate
1.5% cash back on general purchases

Sign-up Bonus
$100 if you spend $3,000 within first 3 billing cycles

Annual Fee
$0

Average Yearly Rewards Value ($4,000 monthly spend)
$753

APR
11.49-20.49%

Rewards Redemption
Pros

  • No limit on the amount of cash you can earn
  • No expiration on cash
  • Redeem cash back as a statement credit or deposit into PNC business checking or savings account

Cons

  • Can’t redeem less than $50 at a time
  • Can’t deposit cash in a bank account that’s not affiliated with PNC bank
  • Can’t redeem rewards for noncash purchases such as gift cards
  • Must forfeit rewards if you miss a payment by more than 60 days

Other Notable Features: Set individual limits for employee cards; add, activate or close cards; schedule payments; download transactions into Excel, Quicken or QuickBooks; extended warranty; purchase security; baggage insurance; car rental insurance; roadside dispatch; concierge

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You won’t have to work hard to earn additional cash for your business with this low-maintenance cash rewards card. The PNC Cash Rewards Visa Signature Business card makes it easy to rack up cash by awarding the same 1.5 percent cash back with every purchase.

The PNC Cash Rewards business card also includes a number of business-friendly features, such as premium travel benefits and personalized spending limits for your employees so you can rest easy when your employees use the company card. You have to maintain a PNC bank account to get the most out of this card, though, so you may want to look elsewhere if you don’t want to open a new account.

Unlimited cash back
For a business card, the rewards offered by the PNC Cash Rewards Visa Signature card are among the best on the market – particularly for cardholders who don’t want to keep track of various spending categories. The PNC Cash Rewards Visa Signature card makes it easy to earn a significant amount of cash by awarding unlimited 1.5 percent cash back with every purchase. Many business rewards cards, by contrast, offer the equivalent of just 1 percent cash back and only offer bonus rewards for certain types of purchases. The PNC Cash Rewards card’s $100 sign-up bonus is on the low side, though. So it can be a while before you build up a sizeable amount.

Business-friendly benefits
The PNC Cash Rewards Visa Signature business card also comes with a number of business-friendly benefits that may help your business run more smoothly. For example, the card allows you to preset individually tailored spending limits for your employees depending on their level of responsibility. You can also easily monitor accounts online and add, activate or close employee cards. In addition, the business card offers essential travel benefits that make travel less of a hassle, including car rental and baggage insurance, and roadside assistance.

So-so APR
On the downside, the APR on the PNC Cash Rewards business card is less appealing than the APRs charged by many of its competitors – especially if you have less-than-perfect credit. PNC bank charges cardholders with the best credit scores just 11.49 percent to carry a balance, which is significantly below average, making it a good choice for cardholders with high scores. The typical business card, by contrast, charges a minimum APR of at least 13.41 percent, according to CreditCards.com data. However, the PNC card’s maximum APR of 20.49 percent is relatively high, so you want to make sure you can qualify for a lower rate if you plan to carry a big balance.

Restrictions on redemption
The business card also imposes a number of restrictions that, for some cardholders, may limit the card’s appeal. For example, you have to open a PNC bank account in order to redeem your earnings as a deposit. PNC Bank also won’t let you redeem less than $50 at a time, so you have to wait to access rewards. On the plus side, PNC doesn’t set an arbitrary expiration date on earnings, nor does it limit the total amount of cash you can earn.

Reasons to get it:

  • You want a straightforward cash rewards card that offers a significant amount of cash with every purchase.
  • You prefer cash back instead of points.
  • You’re already a PNC Bank customer or plan to open a new account.

How to use it:

  • Try to spend at least $1,000 a month for the card’s first three months in order to earn the $100 sign-up bonus.
  • Use the card for all business purchases to earn the maximum amount of cash.
  • Consider paying office bills, such as utilities and electricity, with your rewards card. But first check to see whether there are any fees associated with paying by credit instead of cash.
  • Use your card for all domestic travel purchases, such as rental cars and airfare, in order to take advantage of the card’s travel perks.

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