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]
Update 1/3/20: Deal has been extended until March 31st 2020
The 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
- Cash back:
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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The link to the offer doesn’t work.
I found a working link: https://www.pnc.com/en/small-business/borrowing/business-credit-cards/pnc-businessoptions-visa-signature-credit-card.html
Do we know if this will show up on credit reports?
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
No, FICO reports that they do not report to credit reports.
I can confirm that the PNC Visa Business Credit Card does not report on personal. I don’t see why the Flex Options would
daym… that’s hard core… too bad I live in Texas 🙁
Hmm, total of 4.5% after bonus and flat 1.5% cashback. Curious how sensitive they are to MS.
Same, I’d totally get this if I could just MS most/all of it.
I just finished the Spark $50k so this shouldn’t be too hard provided they will give a reasonable CL.
Cool story bro
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.
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.
Or do both? Get 3-4k worth of sign up bonuses and this PNC sign up bonus.
Plenty of people are not limited by MSR but by available SUBs.
Hard to do when you’ve already got close to 30. I’m scraping the bottom of the barrel.
I agree this is a rather large amount of spend for $750. I usually expect about 10 times the bonus. So $7,500 of spend for bonus the size.
This is still a pretty good bonus for only an inquiry and no account posting to the credit report. this one is a little too much work for me unless I can be assured that my local grocery store will be waving the purchase fee on $500 cards.
No I’m not new at this. I did admit my laziness above after all.
P1+P2+P2.5 + young kids=Not scraping bottom of barrel*
* Of course yes 4.5% is a great return if you have any idea what you’re doing.
Some of us are running out of cards. Amex Popup, Chase 5/24, Citi AA issues. Looks like we might be down to PNC. 🙂
404 not found on the link
Look above
Any DP on whether it’s reported on personal reports?
Look above
Does anyone know if the bonus will be reported as income ?? Or treated as a credit card reward
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.
Thanks
What is the $125 opportunity cost?
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.
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.
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!
Major hassle.
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…
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.
Did anyone NOT have these problems, because if its for sure going to happen its just not worth it for me?
I had to go in to the branch to sign a physical doc. Couple month overall process, not much energy though.
Is it a hard pull on your credit report? If yes is it worth it?
You are new to all this?
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.
Which credit bureau do they pull the report from?
Seems like the $500 annual fee kills this? Net $625 on 25k when a 2% card would net you $500.
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?