PNC points® Visa® Credit Card review

Nick Ellis  in  Rewards How we rate our cards  | 

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PNC Bank Image

Recommended Credit Score

Good to Excellent (670 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Annual Fee:
$0
Purchase Intro APR:
Introductory 0% APR on purchases for the first 12 billing cycles
Balance Transfer Intro APR:
Introductory 0% APR on balance transfers for the first 12 billing cycles
Regular APR:
11.99% to 21.99%, based on creditworthiness.
Terms and Restrictions Apply

Bankrate Rating

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our rewards category page.

 

Best for daily spending

  • Rewards Rate: 4 points for every $1 on qualifying purchases
  • Welcome Offer: 50,000 bonus points for spending $750 within the first three billing cycles
  • Annual Fee: None
  • Purchase Intro APR: 0 percent APR for the first 12 billing cycles
  • Balance Transfer Intro APR: 0 percent APR for the first 12 billing cycles, plus a fee of $5 or 3 percent of the balance if balances are transferred within 90 days of account opening
  • Regular APR: 11.99 percent to 21.99 percent APR variable

The PNC points Visa looks pretty appealing from the outside, and some may find it very practical for their banking needs. Since it comes from a regional bank, the PNC points Visa may not even be available to you. Even if it is, you may find you already have a card giving you better rewards.

Current sign-up bonus

If you’re approved for a new PNC points Visa Credit Card, you can earn an additional 50,000 points when you spend $750 within the first three billing cycles.

While not a spectacular bonus, it’s solid nevertheless, and there are thousands of options when it comes to redeeming. Since $750 isn’t a huge threshold to clear, this is something you may want to consider if you live in an area where PNC operates.

Rewards

Earning rewards points with the PNC Points Visa Credit Card is easy if you have an account with PNC (or open one) and meet the requirements to earn bonus points. You can always check the number of points available with your PNC credit card login credentials.

Earning rewards

You will earn four PNC rewards points for every $1 in qualified spending, which is almost everything except gift cards and other cash equivalent transactions. When this card is your daily go-to for spending, you can find yourself with a nice stash of points pretty quickly.

Let’s say you put $1,000 on your credit card each month. That gives you 4,000 points at the end of the month. Now, if you have a PNC account, this is where the point earnings really start to add up, as you’ll see below.

Redeeming rewards

With so many redemption choices, you’ll find earning them easier than spending them. Do you want to book an exciting travel getaway? Treat yourself to a spa experience? Donate to your favorite charity? Or use them on some new items for your home or wardrobe? The online rewards page is easy to navigate. Chose the category of reward you want to look at and browse through the offers.

Beware though: points expire 48 months after they are earned. To avoid losing them, after you open your account, set a reminder for 46 months from that date. That will give you a two-month buffer to decide how you’ll spend your points before they vanish from your account.

How much are points worth?

These points are, sadly, not very valuable when you consider their cash equivalent. Many rewards programs have points or miles worth 1 cent each, but PNC points work out to less than a quarter of a cent each.

Here are three examples we compared:

  • Round-trip flight from Chicago to New York City: $197 when you pay with cash, or 66,067 points, making each point worth $0.29.
  • LG Stylo 6 phone: Best Buy sells the 64 GB model for $299.99, but you can get sans cash with 184,583 points. This works out to 0.16 cents per point.
  • Walmart gift card: A $100 gift card costs 45,980 points, making each point worth $0.21.

PNC points Visa Credit Card: Benefits

The benefits for this card, while not outstanding, are solid. Current PNC customers, or those who are open to banking with them, enjoy the most rewards.

Opportunity to earn bonus points every month

PNC gives you bonus points on the base points you earn with your card if you maintain specific accounts.

  • Earn a 25 percent bonus when you maintain a Virtual Wallet, Virtual Wallet Performance Spend, Virtual Wallet Performance Select, Performance or Performance Select checking account.
  • Earn a 50 percent bonus points when you maintain a Performance Checking account or Virtual Wallet with Performance Spend and meet the minimum balance or direct deposit requirements for this award level.
  • Earn a whopping 75 percent bonus when you maintain a Performance Select Checking account or Virtual Wallet with Performance Select and meet the minimum balance or direct deposit requirements.

Seamless integration with PNC online banking and Virtual Wallet

Streamline your finances when you pair this card with other banking options from PNC. Access your account information in one location with your PNC visa login. You can easily check your balance and points available with your PNC Bank credit card login info anytime and anywhere.

Rates and Fees

This card offers an intro 0 percent APR for 12 billing cycles on new purchases and balance transfers made within the first 90 days of account opening. After that, the rate goes up to a lower-than-average among rewards credit cards rate of 11.99 percent to 21.99 percent variable, depending on creditworthiness.

Balances transferred within the first 90 days incur a fee of $5 or 3 percent of the total, whichever is greater. After the intro period, the fee increases to the greater of $5 or 4 percent of the total balance transferred.

You’ll also pay a 3 percent foreign transaction fee on international purchases. The late and returned payment fees can be up to $38. Cash advance fees are 10 percent of the total amount or $5, whichever is greater.

How the PNC Points Visa Credit Card compares to other rewards cards

This $0 annual-fee card does come up short when it comes to the length of the 0 percent intro APR. However, it shines when it comes to the number of points it earns day in and day out. Additionally, it has one of the lower spending thresholds that need to be reached to get the welcome bonus.

Card Rewards rate Annual fee Welcome bonus
Citi Rewards+® Card
  • 2X ThankYou points at supermarkets and gas stations (on up the first $6,000 per year, 1X points after)
  • 1X ThankYou points on all other purchases
$0 15,000 bonus points after spending $1,000 in purchases within the first three months.
  • Earned points round up to the nearest 10 points on each purchase
  • Receive 10 percent points back for the first 100,000 points redeemed each year
  • 15-month 0 percent introductory purchase and balance transfer APR (13.49 percent to 23.49 percent variable ongoing; $5 or 3 percent balance transfer fee, whichever is greater)
Wells Fargo Propel American Express® card
  • 3X GoFar Rewards points on restaurant, gas station, transit, flight, hotel/homestay, car rental and select streaming service purchases
  • 1X Go Far Rewards points on other purchases
$0 20,000 bonus points when you spend $1,000 in purchases in the first 3 months
  • Cellphone protection for eligible incidents when the cellphone bill is paid with this card
  • Other travel and shopping protections, including extended warranty coverage, retail/purchase protection, lost luggage reimbursement and car rental loss and damage insurance
  • 12-month from account opening 0 percent introductory purchase and qualifying balance transfer* APR (14.49 percent to 24.99 percent variable ongoing.
Chase Sapphire Preferred® Card
  • 2X Chase Ultimate Rewards points on travel and dining purchases
  • 1X Chase Ultimate Rewards points on all other purchases
  • 5X Chase Ultimate Rewards points on Lyft rides (through Mar. 2022)
$95 80,000 points after spending $4,000 within the first three months. Plus, earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
  • 25 percent more rewards value when redeemed toward travel through Chase Ultimate Rewards
  • Other travel and shopping protections, including extended warranty coverage, purchase protection, trip cancellation/trip interruption insurance, baggage delay insurance, trip delay reimbursement and auto rental collision damage waiver coverage
  • One complimentary year of DoorDash Dash Pass if activated by Dec. 31, 2021

*A balance transfer request must be made within 120 days from account opening to qualify for the introductory APR. 

Best cards to pair with the PNC Points Visa Credit Card

With so many specialized rewards cards available, it’s helpful to have a few in your wallet to maximize your rewards-earning potential. The PNC Points Visa pairs well with cards that earn cash back or give extra rewards for travel spending and redemption, like the Citi® Double Cash Card or the Chase Sapphire Preferred® Card. That way, you can cover all of your bases when it comes to getting rewarded for your purchases.

Bankrate’s Take — Is PNC Points Visa Credit Card worth it?

We like the PNC Points Visa Credit Card overall, but unless you already are a PNC customer and can take advantage of the bonus earning opportunities, this isn’t one of the best credit cards on the market today.

 Pros

  • Earn points on nearly all purchases
  • Intro APR offers
  • No annual fee
  • Bonus point opportunities

Cons

  • Only available in areas with PNC physical presence
  • Foreign transaction fee
  • Points carry a relatively low cash value compared to other cards

 

All information about the PNC Points Visa Card and Wells Fargo Propel American Express® card has been collected independently by Bankrate and has not been reviewed or approved by the issuer.