Our Verdict
PNC Business Credit Cards have strengths and weaknesses. You get benefits like no annual fees, 0% introductory APRs, online account management, Visa Signature perks, and cash flow tools. However, customer reviews reveal concerns about poor customer service, unauthorized fees, and issues with card functionality. In comparison with alternatives in the market, it may be worthwhile to explore other options with better rewards and customer satisfaction. Consider your specific needs, conduct thorough research, and read customer reviews to choose your credit card.
Read further for more details:
PNC Bank
Corporate Headquarters
249 Fifth Ave, Pittsburgh, PA 15222, United States
Phone number: +1 888-762-2265
Email: [email protected]
www.pnc.com
Pros
- Zero annual fee
- 0% introductory APR
- Convenient online account management
- Visa Signature privileges
- Business cash flow forecast with Cash Flow Insight® tools
Cons
- Mixed customer reviews
- Low rewards rates
- Foreign transaction fees
Who PNC Business Credit Cards Is Best For
PNC Business Credit Cards are ideal for your business if you:
- Want to earn cash back and a sign-up bonus
- Desire to earn travel rewards
- Have complicated business demands and want adaptable solutions
- Prefer no annual fees
- Value easy online account access.
- Seek Visa Signature perks.
- Desire cash flow management tools.
Who PNC Business Credit Cards Isn’t Right For
PNC Business Credit Cards may not be suitable for your business if you:
- Require high reward rates
- Seek a sign-up bonus
- Have fair or poor credit
- Plan to transfer balances
What PNC Business Credit Cards Offers
- Zero Annual Fee: Save money with no annual fees, keeping more profits for your business.
- 0% Introductory APR: Enjoy a limited-time offer of 0% APR on purchases and balance transfers.
- Online Account Management: Easily control card activity, add employee cards, set spending limits, and integrate transaction history with Account View.
- Visa Signature Perks: Benefit from exclusive advantages, including travel insurance, auto rental coverage, extended warranty, and more.
- Cash Flow Insight: Access powerful online tools to monitor cash flow, track spending, and forecast future needs for financial success.
PNC Business Credit Cards Details
PNC Cash Rewards® Visa Signature® Business Credit Card
- Intro APR – 0%
- Variable Interest Rate – 15.99% – 24.99%
- Purchase and Balance Transfer Interest Rate – 15.99% – 24.99% (Variable)
- Late Payment APR – 33.99% (Variable)
- Cash Advance APR – 26.99% (Variable)
- Yearly Charge – $0
- Balance Transfer Charge – 3% of each balance transfer amount or $5 (It depends on which is higher)
- Cash Advance Charge – 4% on every amount of cash loan or $10 (It depends on which is higher; peak of $75)
- Late Payment Charges – ≤ $39
- Over-the-Credit-Limit Charge – $39
PNC Travel Rewards Visa® Business Credit Card
- Purchase and Balance Transfer Interest Rate – 15.99% – 24.99% (Variable)
- Late Payment APR – 33.99% (Variable)
- Cash Advance APR – 26.99% (Variable)
- Yearly Charge – $0
- Balance Transfer Charge – 3% of each balance transfer amount or $5 (It depends on which is higher)
- Cash Advance Charge – 4% on every amount of cash loan or $10 (It depends on which is higher; peak of $75)
- Late Payment Charges – ≤ $39
- Over-the-Credit-Limit Charge – $39
- Foreign Transaction Charges – $0
PNC points® Visa® Business Credit Card
- Intro APR – 0%
- Variable Interest Rate – 15.99% – 24.99%
- Yearly Charge – $0
PNC Visa® Business Credit Card
- Intro APR – 0%
- Variable Interest Rate – 14.99% – 24.99%
- Purchase and Balance Transfer Interest Rate – 14.99% – 24.99% (Variable)
- Late Payment APR – 33.99% (Variable)
- Cash Advance APR – 26.99% (Variable)
- Yearly Charge – $0
- Balance Transfer Charge – 3% of each balance transfer amount or $5 (It depends on which is higher)
- Cash Advance Charge – 4% on every amount of cash loan or $10 (It depends on which is higher; peak of $75)
- Late Payment Charges – ≤ $39
- Over-the-Credit-Limit Charge – $39
Also, you can separate your expenses from your business expenses.
PNC BusinessOptions® Visa Signature® Credit Card
- Purchase Interest Rate – Revolve Package – 15.99% – 21.99% (Variable), Pay-in-Full Package – 23.99% (Variable); Full Payment.
- Balance Transfer Interest Rate – Revolve Package – 15.99% – 21.99% (Variable). Pay-in-Full Package – N/A; Full Payment.
- Late Payment APR – 33.99% (Variable)
- Cash Advance APR – 26.99% (Variable)
- Yearly Charge – $0
- Balance Transfer Charge – 3% of each balance transfer amount or $5 (It depends on which is higher)
- Cash Advance Charge – 4% on every amount of cash loan or $10 (It depends on which is higher; peak of $75)
- Late Payment Charges – ≤ $49
- Over-the-Credit-Limit Charge – Revolve Package – $49, Pay-in-Full Package – $69
- Foreign Transaction Charges – $0
- Bad Check Fee – $35
- Card Activation Fee – $0
- Custom Logo Charge (optional) – $350
Where PNC Business Credit Cards Stands Out
Loyalty Programs
With PNC Business Credit Cards, you have the flexibility to choose from various rewards programs. Whether you prefer cash back, points, travel rewards, or versatile options, there’s a card that aligns with your business needs. For example, the PNC BusinessOptions® Visa Signature® Credit Card allows you to select among PNC points, cash rebates, or travel rewards.
Online Tools for Efficient Cash Flow Management
Take advantage of PNC’s Cash Flow Insight®, a suite of online tools to streamline cash flow management. Monitor your cash flow, track expenses, forecast future needs, and more. Seamlessly integrate transaction history with your accounting software and set spending limits for employee cards.
Savings Through Visa SavingsEdge
PNC Business Credit Cards are eligible for Visa SavingsEdge, a program that provides discounts on purchases at participating merchants. Simply enroll your card for free and automatically save on various business expenses, including office supplies, travel, and fuel.
Rewards Potential with Personal Card Integration
If you have a PNC points® Visa® Business Credit Card, you can boost your rewards potential when you link it to your personal PNC point credit card. This allows you to combine the points you earn on both cards, maximizing your reward accumulation. Choose between earning points individually or on an aggregate level for employee cards.
Where PNC Business Credit Cards Falls Short
Low Rewards Rates
Keep in mind that PNC Business Credit Cards offer relatively low reward rates. You might find higher reward rates on other cards, so explore your options to maximize your reward potential.
Good Credit Score:
Keep in mind that to qualify for most PNC Business Credit Cards, you need a good credit score. If you have a fair or poor credit history, this requirement limits your options. The average credit score range for PNC Business Credit Cards falls between 670 and 750.
Balance Transfer Fee
Be aware that PNC Business Credit Cards charge a balance transfer fee of either $5 or 3% of each balance transfer amount, depending on the greater cost. It’s important to factor in this fee, as it can impact the overall value of the 0% introductory APR offer that some of its cards provide.
How to Qualify for PNC Business Credit Cards
To qualify for PNC Business Credit Cards, you have to meet certain eligibility criteria. Here’s what you need to do:
- Verify Your Business Entity: Ensure your U.S. business is valid and operates legitimately. Provide details such as your business name, address, phone number, tax identification number, and annual revenue.
- Provide Personal Information: Submit your name, address, phone number, email, date of birth, and SSN (U.S. citizen or permanent resident, 18+).
- Maintain Good Credit History: Aim for a credit score of 670 to 750 for PNC Business Credit Cards, which affects your interest rate and credit limit.
- Meet the Annual Spend Requirement: Consider PNC BusinessOptions® Visa Signature® with $50,000+ annual spend (you can waive the $500 annual fee with $100,000+ spend).
How to Apply for PNC Business Credit Cards
You can apply for the PNC Business Credit Cards with the following steps:
- Visit the PNC Bank website at https://www.pnc.com/en/small-business/borrowing/business-credit-cards.html. Compare the different PNC Business Credit Cards available and choose the one that matches your business needs the most. Then, click on “Apply Online” to start.
- Fill out the online application form with all the necessary information – details about your business, such as its name, address, phone number, tax identification number, and annual revenue. Also, include your personal information, like your name, address, phone number, email address, date of birth, and social security number. Remember to provide information about your business structure, industry, ownership, and authorized users.
- Take a moment to review the terms and conditions of the card. Make sure you understand them thoroughly, and if you agree, go ahead and give your consent. PNC also runs a credit check and verifies your identity.
- Once you fill out and review the application form, submit it. Click the submit button and sit tight for a decision. You may receive instant approval, but if not, don’t worry. If your application is pending, expect a decision within 7 to 10 business days.
If you prefer to apply using your phone, simply give PNC Bank a call at 1-855-762-2365. It connects you with a friendly representative who walks you through the application process and provides assistance along the way.
Alternatives to PNC Business Credit Cards
American Express
American Express (Amex) provides a diverse range of business credit cards that cater to various needs. Its cards are categorized into cash back, travel rewards, and charge cards. Examples are:
- Blue Business Cash Credit Card: Earn cash back on eligible purchases with no annual fee.
- Business Gold Card: Get rewards points on select business expenses, with a generous sign-up bonus and flexibility in preferred spending categories.
- Business Platinum Card: Opt for this card if your business requires frequent traveling. It provides premium travel benefits like airport lounge access, airline fee credits, and hotel elite status, though it comes with a higher annual fee.
You can visit the American Express website to compare the features, rewards rates, fees, and benefits of the cards available and choose the one that best suits your business needs.
Bank of America
Bank of America offers a variety of business credit cards, including cash back, travel perks, and low-interest options. Examples are:
- Business Advantage Unlimited Cash Rewards Mastercard: Provides unlimited cash back on eligible purchases, a 0% introductory APR period for purchases, and aids cash flow management.
- Business Advantage Travel Rewards World Mastercard: Earns rewards points on eligible travel purchases, often with introductory bonus points and no foreign transaction fees, ideal for frequent business travelers.
- Business Advantage Customized Cash Rewards Mastercard: Allows you to select a cash back category, and offers flexibility in rewards. Get a sign-up bonus as a new cardholder.
Bank of America’s website allows you to compare the features and benefits of each card to find the one that aligns with your business requirements.
Customer Reviews
On BBB, PNC Bank has an A+ rating but only 1.1 out of 5 stars from customer reviews. Complaints include poor customer service, unauthorized fees, account errors, and fraud issues. Some customers also have problems such as declined transactions and difficulties disputing claims.
On Trustpilot, PNC Bank has a low rating of 1.3 out of 5 stars. Negative reviews mention rude staff, long wait times, technical glitches, hidden fees, account closures, and issues with PNC Business Credit Cards, like low rewards rates and foreign transaction fees.
Pro Tips
- Compare Rewards Rates: Look for higher reward rates that match your spending patterns to maximize your benefits.
- Consider Sign-up Bonuses: Opt for cards with sign-up bonuses to get an extra boost, especially if you have significant initial expenses.
- Evaluate Balance-carrying Options: If you plan to carry a balance, prioritize cards with favorable balance transfer terms or low APRs.
- Check for Foreign Transaction Fees: If you have international transactions, choose cards that waive foreign transaction fees to save on costs.
- Review Customer Service and Reviews: Assess customer reviews to gauge the quality of the financial institution’s customer service team.
- Assess Additional Benefits: Consider perks like extended warranties and purchase protection to add value to your card.
- Compare Annual Fees: Evaluate whether the benefits and rewards outweigh the annual fee, if applicable.
- Verify Credit Score Requirements: Check your credit score requirements to ensure you meet the qualifications.
Recap
PNC Business Credit Cards offer a range of benefits, including no annual fees, 0% introductory APR, convenient online account management, Visa Signature perks, and tools for cash flow management. However, customer reviews are mixed with some expressing concerns about customer service, fees, and failed transactions. It’s important to carefully consider these factors when you choose a credit card for your business. Remember to explore alternatives and weigh the pros and cons before making a decision that aligns with your specific business needs.
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