While it’s always important to consider the benefits and disadvantages of each credit card you’re considering, when it comes to the PNC Cash Rewards Visa Signature Business Credit Card, there are really just two things you need to know: It offers one of the best rewards programs around, and it’s specific to business owners. If either of those things are very important to you, then this might be the business credit card for you; if not, there are plenty of other great options out there. Let’s take a look at both of these factors more closely now.
What’s the benefit of this card?
The PNC Cash Rewards Visa Signature Business Credit card has a lot of benefits that make it an excellent option for a business owner. The most significant is its rewards program. With the PNC credit card, you can earn 1% cash back on every purchase made on your card. You also have the opportunity to earn 2% cash back on select categories you choose each quarter. For example, if you spend $500 per month in office supply stores, you would receive $10 per month in cash back from your purchases.
How much does it cost?
The PNC Cash Rewards® Visa Signature® Business Credit (B) credit card has a $95 annual fee, which is waived the first year. The card has no foreign transaction fees and offers 1% cash back on every purchase. The introductory APR is 0% for the first 12 billing cycles following account opening. After that, it’s 11.99%. There’s no penalty APR. Plus, there are special rates on some balance transfers and purchases with approved creditworthiness of less than 5%.
What are the drawbacks?
The PNC Cash Rewards Visa Signature card is a good card to have in your wallet. It offers a good cash back rate and rewards structure, but you need to be careful about the APR. If you have excellent credit and pay off your balance every month, this card can be a great way to get some cash back on your purchases and help meet your financial goals.
Who would you recommend this to?
The PNC Cash Rewards Visa Signature® Business Credit Card is a rewards card that offers 3 points per dollar spent on purchases made at office supply stores and restaurants. There are no annual fees and the introductory APR offer of 0% on purchases and balance transfers is a big plus. However, you may want to consider other options if you’re looking for a card that has no foreign transaction fee or no annual fee.