[Targeted] PNC $300 Checking Upgrade Offer

The Offer

No direct link, offer sent via e-mail. E-mail subject line is ‘Upgrade and earn up to $300’

• PNC is offering up to $300 when you upgrade your Virtual Wallet. Bonuses are as follows:
  • Earn $300 when you upgrade to Virtual Wallet® with Performance Select
  • Earn $200 when you upgrade to  Virtual Wallet® with Performance Spend.

The Fine Print

• You may earn a $200 reward if your account is upgraded to a Virtual Wallet® with Performance Spend. You may earn a $300 reward if your account is upgraded to a Virtual Wallet with Performance Select. The amount of your reward and the requirements to earn your reward will be based on the product type to which you upgrade.
• To qualify for the reward, the account indicated above must meet the following conditions by 3/31/2018: (a) Upgrade to Virtual Wallet with Performance Spend or Virtual Wallet with Performance Select AND (b) qualifying direct deposit(s) must be received AND (c) at least 10 Visa debit card purchases must be made.
• Your checking account must remain open in order for you to receive the reward, which will be credited to the account by 5/31/2018 and will be identified as “CREDITS PROMO REWARD” on your monthly statement.
• A qualifying direct deposit is defined as a recurring direct deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or an outside agency into the Spend account of a Virtual Wallet with Performance Spend or Virtual Wallet with Performance Select
• . The total amount of all qualifying direct deposits credited to your checking account must be at least $2,000 for Virtual Wallet with Performance Spend or $5,000 for Virtual Wallet with Performance Select. Credit card cash advance transfers, transfers from one account to another or deposits made at a branch or ATM do not qualify as qualifying direct deposits.
• A qualifying debit card purchase is defined as any debit card purchase made at point of sale using your signature or PIN, or a purchase made electronically or online using your debit card number, including recurring payments.
• Only the account listed on this communication will be eligible and evaluated for this upgrade offer. Offer may be extended, modified or discontinued at any time and may vary by market. The value of the reward may be reported on Internal Revenue Service (IRS) Form 1099, and may be considered taxable income to you. Please consult your tax advisor regarding your specific situation.

Our Verdict

These are basically the same bonuses you get when you sign up for a new account, so even better if you get an upgrade offer I guess! Unfortunately it’s a targeted offer.