This card stands out for offering a simple yet rewarding cash back structure tailored to common spending categories. Whether you frequently dine out, drive often, or shop for groceries, you can accumulate substantial rewards. Plus, the card comes with no annual fee, which makes it even more appealing.
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In addition to cash back, the PNC Cash Rewards® Visa® Credit Card provides valuable features like a sign-up bonus, a 0% introductory APR on balance transfers, and protections that give you peace of mind. This guide will show you everything you need to know before applying.
Main features of the PNC Cash Rewards® Visa® Credit Card
Cardholders can enjoy 4% cash back at gas stations, 3% on dining, and 2% at grocery stores, up to $8,000 in combined purchases annually. Once the cap is reached, those categories earn 1%, which is also the standard rate for all other purchases. Cashback can be redeemed as a statement credit, direct deposit, or within the PNC mobile app starting at $25.
Approval requirements
To be eligible for the PNC Cash Rewards® Visa® Credit Card, applicants generally need a credit score of 670 or higher. PNC also considers factors like income, debt-to-income ratio, and your current relationship with the bank. Approval comes with a minimum credit line of $500, based on your creditworthiness.
Benefits of the PNC Cash Rewards® Visa® Credit Card
One of the most appealing benefits is the $200 welcome bonus after spending $1,000 within the first three months. Additionally, the card features a 0% introductory APR on balance transfers for 15 months, which helps save money on interest if you’re transferring debt from another card.
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A unique benefit is the Cell Phone Protection, which reimburses up to $800 per claim if your phone is stolen or damaged when the bill is paid with this card. Other standout features include Zero Liability Fraud Protection and PNC Easy Lock®, which lets you temporarily lock your card if it’s misplaced.
Drawbacks and things to consider about the PNC Cash Rewards® Visa® Credit Card
While the rewards structure is competitive, it has limitations. The enhanced cashback rates only apply to the first $8,000 spent annually on gas, dining, and groceries combined. After hitting that limit, your earnings drop to 1% on those purchases.
It’s also important to note that balance transfers incur a 3% fee (minimum $5), and not every purchase may qualify for bonus categories due to merchant coding. This means you might earn less cashback if a retailer isn’t classified within the eligible categories.
Step-by-step guide to apply
Applying for the PNC Cash Rewards® Visa® Credit Card is straightforward. Visit the PNC website and check if you’re pre-approved without impacting your credit score. Fill out the online form with your personal and financial details. Upon approval, your new card will be mailed to you within a few business days.
Who is the PNC Cash Rewards® Visa® Credit Card best for?
This card is ideal for individuals who regularly spend on gas, dining, and groceries and want to avoid annual fees. It’s also a great choice for those seeking to manage existing credit card debt thanks to the introductory 0% APR on balance transfers for 15 months.
Additionally, the PNC Cash Rewards® Visa® Credit Card suits people who value practical perks like cell phone protection and fraud security. If you enjoy earning rewards on essential purchases and want a reliable credit card, this is an excellent option to consider.
