Posted by William Charles on May 2, 2019
Credit Cards

Published on May 2nd, 2019 | by William Charles

26

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

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.

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!

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…

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