Points® Visa® Business from PNC Review

When it comes to choosing a credit card, the array of options can be overwhelming. From rewards programs to introductory APR offers, each card has its unique set of features designed to cater to different financial needs. Today, we’re delving into the Points® Visa® Business from PNC, a card that promises significant rewards and a variety of benefits. As a financial expert, I’ll provide an in-depth review covering all aspects of this credit card, from its key takeaways to its pros and cons, benefits, and more.

Points® Visa® Business from PNC Key Takeaways

Reward Structure:
One of the most enticing features of the Points® Visa® Business from PNC is its robust rewards program. Cardholders earn 5x points on all purchases, which is a substantial rate compared to many other business credit cards. This high rate can significantly benefit businesses that have a considerable amount of daily expenses, allowing them to accumulate points quickly.
Introductory APR:
The card offers a 0% introductory APR for the first 9 billing cycles on both purchases and balance transfers, provided the balance transfer is made within the first 90 days of account opening. This can be an excellent opportunity for businesses looking to manage their cash flow or pay down existing debt without incurring interest charges.
Variable APR:
Post the introductory period, the APR ranges from 18.24% to 27.24% variable. While this is a relatively standard range, businesses should be mindful of their spending and ensure they can pay off their balances to avoid high interest charges.
Fees:
Another significant advantage of the Points® Visa® Business from PNC is that it comes with a $0 annual fee, making it a cost-effective option for businesses. However, it’s important to note that there are fees for balance transfers (either $5 or 3% of the amount of each balance transfer, whichever is greater) and cash advances (either $10 or 4% of the amount of each cash advance, whichever is greater, with a maximum fee of $75).
Credit Score Requirement:
The card is aimed at individuals with good to excellent credit, typically requiring a credit score between 670 and 799.

Points® Visa® Business from PNC Pros and Cons

Pros:

1. Generous Rewards Program:
The card offers 5x points on all purchases, which is highly competitive and can lead to substantial rewards over time.
2. No Annual Fee:
With no annual fee, businesses can enjoy the card’s benefits without worrying about an additional yearly cost.
3. Introductory APR Offer:
The 0% introductory APR for the first 9 billing cycles on purchases and balance transfers can be beneficial for managing cash flow and financing large purchases.
4. Extended Warranty Protection:
This feature can add value to your purchases by extending the manufacturer’s warranty, offering peace of mind and potential cost savings.
5. Flexible Payment Options:
The card provides flexible payment options, which can help businesses manage their finances more effectively.

Cons:

1. High Variable APR:
After the introductory period, the APR can be as high as 27.24%, which could lead to significant interest charges if balances are not paid off in full.
2. Foreign Transaction Fee:
The card imposes a foreign transaction fee, which can be a drawback for businesses that frequently make international purchases.
3. Balance Transfer Fee:
While the introductory APR offer is attractive, the balance transfer fee (either $5 or 3% of the amount of each balance transfer, whichever is greater) could add up, especially for larger balances.

Points® Visa® Business from PNC Benefits

Rewards Program

The most striking feature of the Points® Visa® Business from PNC is its rewards program. Earning 5x points on all purchases means that businesses can accumulate points quickly. These points can be redeemed for a variety of rewards, including travel, gift cards, merchandise, and even cash back. The flexibility of the rewards program is a significant advantage, allowing businesses to choose the rewards that best suit their needs.

Introductory APR

The 0% introductory APR for the first 9 billing cycles on both purchases and balance transfers is a standout feature. This can be particularly beneficial for new businesses or those looking to make significant purchases without the immediate burden of interest charges. Additionally, the introductory APR on balance transfers can be useful for consolidating existing debt and managing cash flow more effectively.

No Annual Fee

With no annual fee, the Points® Visa® Business from PNC is a cost-effective option for businesses. This can be particularly appealing for small businesses or startups that are mindful of their expenses.

Extended Warranty Protection

The card offers extended warranty protection, which can add up to one additional year to the manufacturer’s warranty on eligible purchases. This benefit can provide peace of mind and potential cost savings, particularly for businesses that frequently purchase equipment or other high-value items.

Payment Flexibility

The card provides flexible payment options, allowing businesses to manage their finances more effectively. This can be particularly beneficial during periods of uneven cash flow, helping businesses to avoid late payments and associated fees.

Conclusion

In conclusion, the Points® Visa® Business from PNC is a robust option for businesses looking for a credit card with a strong rewards program and a variety of benefits. The card’s 5x points on all purchases is a standout feature, allowing businesses to accumulate rewards quickly. The 0% introductory APR for the first 9 billing cycles on purchases and balance transfers can be a significant advantage, particularly for new businesses or those looking to manage their cash flow more effectively.
However, it’s important to be mindful of the card’s variable APR, which can be as high as 27.24% after the introductory period. Additionally, the card’s foreign transaction fee and balance transfer fee are potential drawbacks that should be considered.
Overall, the Points® Visa® Business from PNC is a strong contender for businesses looking for a credit card with a generous rewards program and a variety of benefits. With no annual fee, flexible payment options, and extended warranty protection, the card offers significant value for businesses. However, as with any financial product, it’s important to carefully consider your business’s needs and financial situation to determine if this card is the right fit for you.