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PNC BusinessOptions Visa Signature Credit Card 2024 Review
The PNC BusinessOptions® Visa Signature® Credit Card is a business rewards credit card. You can opt for one of three rewards options: cash rebates, PNC points or travel rewards. The card also lets you choose between a pay-in-full option with a spending limit of up to $250,000 or a revolve option with a spending limit of up to $50,000. If you spend $25,000 in qualifying purchases during the first three billing cycles following account opening, you will earn a $750 statement credit.
Cardholder benefits include an auto rental collision damage waiver, roadside dispatch, purchase security, extended warranty protection, lost luggage reimbursement, emergency card replacement, emergency cash disbursement, travel accident insurance, travel and emergency assistance services, and concierge service.
- Issuer NamePNC
- Credit NeededGood/Excellent
- Annual Fee$500
- Regular APR15.74% – 21.74% Variable APR
- Penalty APR34.24% variable
- Balance Transfer Fee$5 or 3% of the amount of each balance transfer, whichever is greater
- Cash Advance FeeEither $10 or 4% of the amount of each cash advance, whichever is greater; $75 maximum
- Want a credit line and rewards options.
- Want the ability to set individual employee spending controls.
- Don’t want to pay an annual fee.
This card is aimed at business owners with a fairly high spending volume, when you consider the welcome offer requires spending $25,000 in qualifying purchases during the first three billing cycles. But you’ll have to be mindful of your credit line and ability to repay because there are consequences for paying late or spending above your limit, including late fees, penalty APR and over-limit fees. As for choosing your rewards, keep in mind that redemption values may vary for points and travel. Therefore, the most straightforward choice is 1.5% cash back (with revolving credit).
Editor’s Take
The PNC BusinessOptions® Visa Signature® Credit Card has a lot of options – but maybe too many – for business owners. First, you’ll need to decide if you want to earn cash, points or travel rewards. Then, you’ll have to decide whether you want to pay in full with a higher credit limit or revolve a balance but with a lower credit limit.
It has some excellent tools for managing employee expenses and travel benefits. But chances are, if you already know your preferences, you may be able to find other business cards with higher earnings, easier-to-earn welcome offers and specific benefits aligned with your needs.
Dawn PapandreaContributor
If you spend $25,000 in qualifying purchases during the first three billing cycles, you will earn a $750 statement credit.
The PNC BusinessOptions® Visa Signature® Credit Card offers three options for earning rewards: cash rebates, PNC points or travel rewards. You should consider your business spending and how you prefer to redeem rewards when choosing which rewards program you’d like to use. Cash rewards cardholders on the revolving payment option will earn 1.5% cash back. Pay-in-full option cash rewards cardholders earn 1% cash back. Cardholders with the PNC points program earn five points per dollar on all purchases. With travel rewards, you will earn 1 mile per dollar on all purchases.
The information for the Capital One® Spark® Cash Select for Business has been collected independently by U.S. News and the card is not currently available on the site. The information has not been reviewed or provided by the card issuer and it is accurate as of the date posted.
U.S. News rates credit cards by analyzing factors including fees, interest rates and benefits, each weighed against their importance to determine an overall score for each credit card. Consumers can rely on these ratings to provide objective, accurate assessments of credit card choices.
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