Update 6/23/24: New offer is $600 for $6,000 spend. Also comes with 0% APR on purchases for 9 months. (ht Etheostoma)
The Offer
- Earn a
$400bonus when you open and use a new PNC Cash Rewards Visa Signature Business credit card and spend$3,000during the first three billing cycles following account opening.
Card Details
- No Annual Fee
- Earn 1.5% Cash Back on all purchases with no limit.
- Redeem cash back anytime as a statement credit, or deposit cash back into an eligible PNC Business checking or savings account.
- Visa Signature benefits
Our Verdict
Nice cash signup bonus for business owners in eligible states. I don’t know how hard PNC is with approving business credit cards. PNC does not report business cards to the personal bureaus, though you will get a hard pull on your personal report.
They also have a PNC BusinessOptions credit card with a $750 bonus when you spend $25,000, though most people will prefer this $400 offer due to the reasonable spend requirement.
Hat tip to Travelwithgrant
This is very confusing card. There is nowhere on card management page any indication of points earned, how 1.5% cashback is issued?
Appears that you can see limited information about business card under personal login. To see all information separate business login needed.
Another observation that using PNC business card for for funding other bank accounts may be not counted as eligible purchase (at least no points were earned but no cash advance fee either)
The $600 offer is gone.
Having a business checking, my P2 got targeted with the $600/ 3k spend rather than 6k. The only downside is that is a statement credit rather than cashback. Considering it offers 9 months 0% APR, it’s a letdown but still much better than what’s around
I risked and also applied with a targeted code addressed to P2 after she signed up with the first code. Still have to meet spend. Will see if it pays out
Any idea on difficulty of approvals? PNC inquiry sensitive?
I have this card from a year ago. If I apply again and get a new card, am I eligible for the bonus? I didn’t see restrictions mentioned in the terms but just wondered if anyone successfully churned this before.
No when I was about to try I found the offer expired…
tried with personal account. no luck.
Targeted mailer $600 for only $3K spend. Same 0% APR for 9 cycles.
Approved almost instantly – app went pending then approval email soon after.
In CO, applied as sole prop, existing biz checking.
CL $7.5K, reported biz income $25K.
EX pulled, 2/24 on accounts but 4/6 on inquiries, including two HPs yesterday 😅
i was going to do this but business checking has fees and personal savings im guessing wont work.
PNC biz checking has a $400 SUB and only requires a $500 balance to keep fee free.
The checking account bonus pays out after about 3 months. The opportunity cost of holding a $500 balance for 3 more months after that is about $6 ($2/month in foregone interest).
If you do that, they’ll start sending targeted offers for this CC exactly 6 months after you opened the Biz checking.
Whats the offer specifically if targeted? I’ve seen 6k/300 spend floating around
$600 SUB/$3k spend, for 21.5% ROS.
CA is in eligible state as well, that state should be able to be added.
Ultimately I was denied. I had a PNC personal checking with $500 in there, and one of the two denial reasons was an insufficient balance in my deposit account. If possible for you, I would suggest parking $5k or so in there before you apply. The other reason was date of last inquiry. This was my 5th HP in the last year, so not too bad. But they hit Experian, and I applied for an Ink the day before, so my guess is that may have done me in.
Recon suggested I would have a better chance at overcoming each of the denial reasons if I applied in branch.
Since I couldn’t find it documented anywhere, on the denial letter they listed the contact number as 877-562-0150. I used that for recon.
P2 was declined on Sole Prop – already signed up for the business checking account and was approved for that one. does she need to call in to recon?