PNC BusinessOptions Credit Card $750 Sign Up Bonus With $25,000 Spend [AL, DC, DE, FL, GA, IL, IN, KY, MD, MI, MO, NC, NJ, NY, OH, PA, SC, VA, WI and WV]

Update 11/6/22: New signup bonus offer is $750 with $25,000 spend, Direct link to offer. (There’s also a separate PNC business card with $400 bonus for $3,000 spend.)

Contents

1 The Offer
2 The Fine Print/Card Details
3 Our Verdict

The Offer

Direct link to offer

The PNC BusinesOptions Credit card is offering a bonus of $400 in the form of statement credit when you spend $15,000 or more in qualifying purchases

The Fine Print/Card Details

Offer is valid until ~~June 30th, 2017~~ January 31st, 2018
Annual fee varies on spend, first annual fee is due in the 13th billing cycle after account opening (e.g it’s waived first year) and as follows with annual spend of:
- $0-$49,999.99: $500 annual fee
- $50,000-$74,999.99: $250
- $75,000-$99,999.99: $125
- Greater than $100,000: $0
Choose one of three rewards programs:
- Cash back:
  - 1.5% when you choose a revolving card (e.g normal credit card)
  - 1.% when you choose a pay in full card (e.g charge card)
- PNC points: 5x points per $1 spent (points are worthless)
- Travel Rewards: 1x mile per $1 spent:
  - 25,000 miles = air ticket worth up to $315, then you must redeem in increments of 5,000 miles = $50

Our Verdict

Ok, so the actual card sucks and there is absolutely no reason why you’d want it after getting the sign up bonus. Annual fee of up to $500 is ridiculous considering it comes with no real benefits (wow you get to control employee spending and you can add your logo for another $350. Are you kidding me?).

Best card is the one that offers 1.5% cash back. If you spent the $15,000 required for the bonus you’d earn:

$225 in cash back
$400 from the sign up bonus

Means you’ll be earning at around 4.16% for that $15,000 in spend. Not that bad, but not that great either. I can see this as being useful for somebody that has high spend and it’s certainly better than their crappy 50,000 point personal bonus but for the majority of people there are much better options out there.

Hat tip to Curmudgeon

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12 Comments

newest

oldest most voted

Curmudgeon (@guest_495553)

October 17, 2017 13:02

#495553

Offer extended to 1/31/18.

Author

William Charles(@will)

October 17, 2017 18:53

#495818

Curmudgeon

Thanks, curm.

barrytuneup (@guest_356844)

February 19, 2017 19:26

#356844

just do the spend on VGC at Staples and get 750 in UR points which is actual cash or use for travel for more $. (or Amesx simply biz or simply biz plus)

cm (@guest_356427)

February 18, 2017 22:39

#356427

So, how does it compare? Wouldn’t this be a pretty good deal paired with Simon Mall? Also, does it show up on personal CR? If not, it’d be perfect to churn and burn!

1.5x on 15k is 225. Let’s say you split the 400 bonus into a 200 bonus, plus 200 cashback; then you get 2.8333% cashback for the purchases, plus 200 bonus for the ding. Comparing with a 150 bonus, you’d be getting 3.1666% (475/15k), plus the 150 bonus.

Seems like a pretty good deal!

Anyone know if it’s really limited to the states in the title? I thought the credit card portfolio is almost always nationwide.

Also, if you go 1.5% route, do they still give you a reasonable grace period to pay off the balance?

cm (@guest_356432)

February 18, 2017 22:45

#356432

Oh, wait, they don’t actually want anyone to apply for it? Only a contact form and a phone number; wasting time talking to bankers doesn’t really sound like a good deal for just a couple of points.

Curmudgeon (@guest_356360)

February 18, 2017 18:20

#356360

I’m actually thinking of getting this. I’ve run out of options for bonus spending due to the number of new cards I got last year. The only new bonuses I’ve been able to get were the “no-24 month” cards posted by DoC over the past few months.

A lot of my spending is with a supplier that isn’t in any bonus category, so the best I can do is 2% on Spark Cash or Arrival+. Putting $15k on this card and getting a net 4.17% return is more than double that. Plus, I can add a data point about how willing they are to waive the $500 annual fee next year, since there’s no way I’d spend more than $15,001 on this.