PNC Cash Rewards® Visa® Credit Card Review: Up to 4% Cash Back and No Annual Fee – The Motley Fool

Top perks

This card comes with a few notable perks, including one that isn’t very common.

Earn up to 4% cash back rewards

Cardholders can earn up to 4% cash back with the PNC Cash Rewards® Visa® Credit Card.

The bonus categories include popular everyday categories, including:

  • 4% cash back on gas station purchases
  • 3% cash back on dining purchases
  • 2% cash back on grocery store purchases
  • 1% cash back on other purchases

While the 1% rate is unlimited, the bonus categories do have a cap. Specifically, you’ll earn bonus cash back on up to $8,000 in combined category purchases each year.

You can redeem your rewards for statement credit or as a deposit into a qualifying PNC Bank account. You’ll need a minimum of $25 in cash back rewards to redeem.

New cardholders can earn a $200 sign-up bonus

One of the best perks offered by many rewards credit cards is the sign-up bonus. These are lump sum bonuses you can earn by meeting a set spending requirement. In this case, the PNC Cash Rewards® Visa® Credit Card has a $200 sign-up bonus for spending $1,000 or more on your new card within the first three billing cycles.

No annual card fee

Many cards with lots of bonus categories charge annual fees, but the PNC Cash Rewards® Visa® Credit Card isn’t one of them. This card has no annual fee. This is a nice feature, as it means you don’t need to earn tons of rewards just to offset an annual fee. It also helps those who like to maximize their rewards, as you won’t need to worry if you only use the card for one or two of the bonus categories.

0% intro APR on balance transfers

In addition to a sign-up bonus, new cardholders for the PNC Cash Rewards® Visa® Credit Card also enjoy a 0% intro APR offer for balance transfers. You’ll get 12 months 0% APR on balances transferred within the first 90 days of account opening. There is also a reduced balance transfer fee of 3% ($5 min.) for the first 90 days. Any transfers made after the first 90 days will be charged the standard balance transfer APR and fee.

Co-applicants allowed

PNC is unusual in that it allows you to apply with a co-applicant. Browsing credit card reviews, you’ll see that most issuers don’t allow co-applicants. Basically, a co-applicant is someone who applies for the credit card account with you jointly. You are both legally responsible for the account — and for any debts incurred. Co-applicants can be useful if one of the applicants has no or poor credit and the co-applicant has good credit.

A co-applicant is different from the authorized users most card issuers allow. Authorized users can make purchases with the account, but they aren’t legally responsible for the account or balances.

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