Posted by William Charles on May 2, 2019
Credit Cards

Published on May 2nd, 2019 | by William Charles

37

PNC BusinessOptions Credit Card $750 Sign Up Bonus [AL, DC, DE, FL, GA, IL, IN, KY, MD, MI, MO, NC, NJ, NY, OH, PA, SC, VA, WI and WV]

The Offer

Direct link to offer

  • The PNC BusinesOptions Credit card is offering a bonus of $750 in the form of statement credit when you spend $25,000 or more in qualifying purchases during the first three billing cycles

The Fine Print/Card Details

  • Offer is valid until December 31st, 2019
  • Annual fee varies on spend, first annual fee is due in the 13th billing cycle after account opening (e.g it’s waived first year) and as follows with annual spend of:
    • $0-$49,999.99: $500 annual fee
    • $50,000-$74,999.99: $250
    • $75,000-$99,999.99: $125
    • Greater than $100,000: $0
  • Choose one of three rewards programs:
    • Cash back:
      • 1.5% when you choose a revolving card (e.g normal credit card)
      • 1% when you choose a pay in full card (e.g charge card)
    • PNC points: 5x points per $1 spent (points are worthless)
    • Travel Rewards: 1x mile per $1 spent:
      • 25,000 miles = air ticket worth up to $315, then you must redeem in increments of 5,000 miles = $50

Our Verdict

Sign up bonus was previously $400 for $15,000 in spend. Most people will choose the revolving card that earns 1.5% cash back, if you spend $25,000 total you’d earn $1,125 ($750 from the bonus and $375 from the spend itself) for a total of 4.5% cash back. The opportunity cost when compared to a 2% cash back card is $125. Very appealing deal for people that spend large amounts of money and value cash sign up bonuses. I will be adding this to our list of the best business credit card sign up bonuses.

Hat tip to reader Eddie S



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Jo
Jo

The link to the offer doesn’t work.

sophie
sophie
JF
JF

Do we know if this will show up on credit reports?

Eddie S
Eddie S

I have the PNC Visa® Business Credit Card and can confirm that it does not post to credit report. I doubt thie Business Options will either

CericRushmore
CericRushmore

No, FICO reports that they do not report to credit reports.

Eddie S
Eddie S

I can confirm that the PNC Visa Business Credit Card does not report on personal. I don’t see why the Flex Options would

akjohnny
akjohnny

daym… that’s hard core… too bad I live in Texas 🙁

cowsareverywhere
cowsareverywhere

Hmm, total of 4.5% after bonus and flat 1.5% cashback. Curious how sensitive they are to MS.

taxquestion332123
taxquestion332123

Same, I’d totally get this if I could just MS most/all of it.

cowsareverywhere
cowsareverywhere

I just finished the Spark $50k so this shouldn’t be too hard provided they will give a reasonable CL.

Dave C
Dave C

Cool story bro

Andrew
Andrew

They seem super sensitive to MS. No T&C against gift cards, but I have had to call in every time I tried, often for 15 minutes of “verification”. If this keeps up, I will ditch my efforts.

Joe Jones
Joe Jones

Seems only worthwhile if you plan to make purchases of >$10k that can’t be split up. You could easily get $3-4,000 worth of sign-up bonuses by splitting $25k of spend across several new cards.

James
James

Or do both? Get 3-4k worth of sign up bonuses and this PNC sign up bonus.

Sarah D
Sarah D

Plenty of people are not limited by MSR but by available SUBs.

Robert Hastings
Robert Hastings

Hard to do when you’ve already got close to 30. I’m scraping the bottom of the barrel.

Closertothesun
Closertothesun

404 not found on the link

Hi
Hi

Look above

kreo
kreo

Any DP on whether it’s reported on personal reports?

Dave C
Dave C

Look above

Jr
Jr

Does anyone know if the bonus will be reported as income ?? Or treated as a credit card reward

Chris H
Chris H

It is treated as a reduction in purchase price (of the underlying $25,000 purchases.) This shouldn’t be something that triggers a 1099, but you are responsible to record this to your business if you used the card for legit business spending.

– If you used the card only for personal purchases then there’s a pretty strong argument that there is no tax consequences since it is treated as a purchase discount and not as income.

Jr
Jr

Thanks

Mark
Mark

What is the $125 opportunity cost?

Rob
Rob

He means if you were to put the $25k in spend on a normal 2% cashback card, you would normally earn $125. By choosing instead to put the spend on this PNC card opportunity, you won’t earn the $125 normal earnings on a 2% card. So the cost to do this opportunity is $125, but since you are getting $1,125 from PNC instead, you are ahead of the game…and by a lot.

Avi
Avi

The $125 opportunity cost he’s referring to is the difference in cash back on the spend of this card (1.5%, or $375 on $25k in purchases) vs a 2% card ($500 on $25k in purchases). I’d probably state it as a $500 opportunity cost, and compare it to the $1125 earnings on the initial $25k spend on this card.

John
John

Can you do manufactured spend on this card with gift cards and not be flagged? Does anyone know any details for that option? Thanks in advance!

Andrew
Andrew

Major hassle.

JD
JD

Anyone else have a tough time with this application? I fill out online, then get a call, then get handed off to a “local” business banker…

Roger Andrews
Roger Andrews

Yes. All of the above and then several follow up visits to get “just one more” signature. Over 1 month from app and still no physical card. Apparently I am approved however. By far the biggest hassle of any card I ever applied for.

joe
joe

Did anyone NOT have these problems, because if its for sure going to happen its just not worth it for me?

EG
EG

I had to go in to the branch to sign a physical doc. Couple month overall process, not much energy though.

Hard poll?
Hard poll?

Is it a hard pull on your credit report? If yes is it worth it?

Closertothesun
Closertothesun

Just called to check, they suggested they might do out-of-footprint (for search suggestions out of state out of targeted area) for businesses established >2 years. Mine hasn’t been, unfortunately.

MN
MN

Which credit bureau do they pull the report from?

Michael
Michael

Seems like the $500 annual fee kills this? Net $625 on 25k when a 2% card would net you $500.

Charles
Charles

Annual fee waived the first year. So, close card before 13th billing cycle. Therefore, net of $1,000. MS $25K at Simon Mall through October 31st. Buy $1K VGCs.
Activation fees and WM MOs will cost around $125.
Any updates on this strategy?

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