PNC Cash Rewards® Visa Signature® Business Credit Card Review for 2022
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Benilyn has over a decade of experience as a banking officer. Her expertise is featured throughout Fit Small Business in personal finance, credit card, and real estate investing content.
This article is part of a larger series on Best Small Business Credit Cards.
The PNC Cash Rewards® Visa Signature® Business Credit Card is designed for business owners who want unlimited, fixed-rate cash back regardless of spending categories. It comes with a $0 annual fee and a low ongoing annual percentage rate (APR) ranging from 10.99% to 19.99%.
PNC Cash Rewards® Visa Signature® Business Credit Card
BEST FOR:
PNC Bank account holders who want to earn cash back rewards
Intro APR
0% for 9 billing cycles
Regular APR
10.99% to 19.99% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $250 cash bonus for spending $3,000 in the first three billing cycles
- 0% APR on purchases for the first nine billing cycles after opening an account
- Earn 1.5% cash back on all purchases
- No annual fee
Pros
- No annual fee
- Sign-up bonus
- Low ongoing APR
Cons
- Short 0% APR period
- No 0% APR period on balance transfers
- Online application not available for nonaccount holders
- Cash Flow Insight®: This tool helps you monitor your spending categories so you can plan your budget.
- Business integrations: You can download your transactions into Excel®, Quicken® or QuickBooks®, or use .csv files.
- Visa Signature® Benefits: This card comes with Visa travel benefits and protection for purchases.
Intro APR
0% for 9 billing cycles
Regular APR
10.99% to 19.99% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $250 cash bonus for spending $3,000 in the first three billing cycles
- 0% APR on purchases for the first nine billing cycles after opening an account
- Earn 1.5% cash back on all purchases
- No annual fee
Pros
- No annual fee
- Sign-up bonus
- Low ongoing APR
Cons
- Short 0% APR period
- No 0% APR period on balance transfers
- Online application not available for nonaccount holders
- Cash Flow Insight®: This tool helps you monitor your spending categories so you can plan your budget.
- Business integrations: You can download your transactions into Excel®, Quicken® or QuickBooks®, or use .csv files.
- Visa Signature® Benefits: This card comes with Visa travel benefits and protection for purchases.
You can compare the features of one card to another by simply checking off this card and up to two more alternatives (see PNC Cash Rewards Visa Signature Business Credit Card Alternatives). This allows you to view the details of each card in a side-by-side comparison.
How We Evaluate Cash Back Business Credit Cards
When grading fixed-rate cash back business credit cards like the PNC Cash Rewards Visa Signature Business Credit Card, we first consider the ongoing and introductory rewards. We also take into account the annual fee, introductory and ongoing APRs, and other card benefits.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 27 | 30 |
Introductory Rewards | 15 | 20 |
Annual Fee | 15 | 15 |
Additional Features | 13 | 15 |
Introductory APR | 8 | 10 |
Ongoing APR | 10 | 10 |
Total Score | 88 | 100 |
Who the PNC Cash Rewards Visa Signature Business Credit Card Is Right For
- Business owners who prefer to earn fixed-rate rewards: You can earn unlimited 1.5% cash back on all business-related purchases, regardless of spending categories.
- Business owners who need to carry a balance: The PNC Cash Rewards Visa Signature Business Credit Card comes with a low ongoing APR, which is a good alternative for those who need to carry a balance from time to time.
- Business owners who have an existing business checking account with PNC Bank: You can link your card to your PNC business checking account for overdraft protection as well as redeem your cash back as a deposit to your account.
PNC Cash Rewards Visa Signature Business Credit Card Fees
- Introductory APR: 0% APR on purchases for the first nine billing cycles after account opening
- Ongoing APR: 10.99% to 19.99% variable—adjusts with the prime rate
- Annual fee: None
- Balance transfer fee: 3% of the amount of the transfer or $5, whichever is greater
- Foreign transaction fee: 3%
- Cash advance fee: 4% of the advance or $10, whichever is greater—APR is 21.99%
How To Make Payments on the PNC Cash Rewards Visa Signature Business Credit Card
- Online: You can pay your PNC Cash Rewards Visa Signature Business Credit Card electronically by signing in to PNC Online Banking. Make a one-time payment or schedule recurring payments by selecting “Make a Payment” or “Pay Today” on the account activity screen for your account.
- Mobile: You can use the PNC Mobile app to pay from a PNC checking or savings account.
- Automated Payments: Sign up for automated payments by filling out the form available at pnc.com/cc-autopayform, then fax or mail it as indicated on the form.
- Phone: Call the bank at 1-800-239-5175 or (800) 558-8472. Follow the prompts to either make a self-service payment or ask for assistance from an agent.
- Mail: Mail a check with the coupon at the bottom of your statement. If you don’t use your payment coupon, make sure you write your PNC credit card account number on the check. Mailing your payment without your payment coupon can delay crediting of your payment. Send your payment to this address, which is exclusive for payments only:
PNC Bank PO Box 71335
Philadelphia, PA 19176-1335
PNC Cash Rewards Visa Signature Business Credit Card Rewards
- $200 bonus when you spend $3,000 in qualifying purchases within the first three billing cycles after opening an account
- Unlimited 1.5% cash back on all eligible purchases
You can redeem your cash back anytime as a statement credit or as a deposit into an eligible PNC business checking or savings account. It’ll take seven business days after receiving a valid redemption request for the cash back to be credited to your billing statement or deposit account. It’s important to note that statement credits aren’t considered a payment on the account. You still need to make at least your minimum required payment to avoid penalties.
PNC Cash Rewards Visa Signature Business Credit Card Additional Features
Cash Flow Insight®
Cash Flow Insight is designed to help you monitor and plan your cash flow, send invoices via email, get paid online, and digitally manage payables. When you enroll in Cash Flow Insight®, the Spend Analysis tool will assign business categories automatically to your credit card transactions. This allows you to monitor the expenses you and your employees are spending so you can plan a budget for your future business needs.
Lost Luggage Reimbursement
You can be reimbursed up to $5,000 per covered trip―$2,000 per bag for New York residents―if the checked luggage and/or carry-on baggage as well as its contents were lost due to theft or misdirection by the common carrier. You and your immediate family members are eligible for this benefit when you pay for your trip using your PNC business credit card.
Travel Accident Insurance
The PNC Cash Rewards Visa Signature Business Credit Card provides travel accident insurance coverage if you die or are seriously injured while traveling. To be eligible, the trip should be paid for entirely using this credit card. Refer to your guide to benefits to learn about coverage and exclusions.
Auto Rental Collision Damage Waiver
When you rent a car, you’ll be reimbursed for damages caused by theft or collision up to the actual cash value of the rented car. Rental periods of 31 consecutive days are covered. Reimbursement doesn’t cover damage to any other driver’s vehicle or injury.
Roadside Dispatch®
Roadside Dispatch is a pay-per-use roadside assistance program that provides services such as towing, tire changing, jump-starting, fuel delivery of up to five gallons, winching, and lockout services. You may call for roadside assistance 24/7 at (800) 847-2869. You’ll be responsible for any fees associated with the services rendered.
Travel & Emergency Assistance Services
In case of an emergency while you’re traveling away from home, this service can connect you with the appropriate local emergency and assistance resources and is available 24/7. You’ll be responsible for the cost of any services provided.
Pros & Cons of the PNC Cash Rewards Visa Signature Business Credit Card
Pros
- Sign-up bonus: You’ll earn a $200 sign-up bonus if you meet the spending requirements ($3,000 in qualifying purchases within the first three billing cycles).
- Low ongoing APR: This card comes with a low ongoing APR that ranges from 10.99% to 19.99%, making it a good option if you need to carry a balance.
- No annual fee: You can earn unlimited 1.5% cash back on all purchases without having to pay annual fees.
Cons
- Short 0% APR period on purchases: This business credit card only offers a 0% APR on purchases for nine billing cycles, which is a lot shorter than the standard interest-free APR period.
- No introductory APR for balance transfers: The 0% introductory rate only applies to purchases—if you plan to transfer a balance from another card, you’ll be charged a variable APR between 10.99% to 19.99%.
- Online application not available for nonaccount holders: You can only apply online if you have an existing online bank account with PNC Bank or if you’re an existing PNC depositor—nondepositors need to visit a branch to apply in person.
PNC Cash Rewards Visa Signature Business Credit Card Alternatives
U.S. Bank Business Triple Cash Rewards World Elite MasterCard®
The U.S. Bank Business Triple Cash Rewards World Elite MasterCard® offers a longer 0% introductory APR period of 15 billing cycles and a bigger welcome bonus of $500. This is a better alternative if you’re planning to make a big purchase, as you can take advantage of interest-free financing for 15 months.
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
0% APR for 15 billing cycles
Intro APR
0% for first 15 billing cycles
Regular APR
14.74% - 23.74% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cellphone service providers, and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center.
- No limit on total cash back earned
- Rewards never expire
- Earn an annual $100 statement credit for recurring software subscription expenses, such as FreshBooks or QuickBooks.
- 0% Intro APR on purchase and balance transfers for 15 billing cycles. After that, a variable APR currently 14.24% to 23.24%.
- No annual fee
- Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™Plan.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional 1 year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Intro APR
0% for first 15 billing cycles
Regular APR
14.74% - 23.74% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cellphone service providers, and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center.
- No limit on total cash back earned
- Rewards never expire
- Earn an annual $100 statement credit for recurring software subscription expenses, such as FreshBooks or QuickBooks.
- 0% Intro APR on purchase and balance transfers for 15 billing cycles. After that, a variable APR currently 14.24% to 23.24%.
- No annual fee
- Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™Plan.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional 1 year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Bank of America® Business Advantage Customized Cash Rewards World Credit Card
The Bank of America® Business Advantage Customized Cash Rewards credit card is an excellent alternative if you have an existing banking relationship with Bank of America. With the same spending requirement as the PNC Cash Rewards Visa Signature Business Credit Card, you’ll earn a $300 introductory bonus. You can also earn premium cash back rewards on your chosen spending category.
Business Advantage Cash Rewards Mastercard® credit card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Up to 3% cash back in a spending category of your choice
Intro APR
0%
Regular APR
12.24% - 22.24% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening―with no annual fee and cash rewards don't expire.
- Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases.
- You'll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- 0% Introductory APR on purchases for your first nine billing cycles.
- Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
- Get 75% more cash back on every purchase when you're a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.
Pros
- Flexible redemption options
- No annual fee
- Sign-up bonus
Cons
- Premium rewards are capped at $50,000 each year
- Earns top rewards in only one spending category only
- Short 0% APR period
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
Intro APR
0%
Regular APR
12.24% - 22.24% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening―with no annual fee and cash rewards don't expire.
- Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases.
- You'll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- 0% Introductory APR on purchases for your first nine billing cycles.
- Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
- Get 75% more cash back on every purchase when you're a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.
Pros
- Flexible redemption options
- No annual fee
- Sign-up bonus
Cons
- Premium rewards are capped at $50,000 each year
- Earns top rewards in only one spending category only
- Short 0% APR period
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
Chase Ink Business Cash® Credit Card
The Chase Ink Business Cash® card is a great option if you have significant expenses for office supplies, internet, cable, and phone services—you can earn 5% cash back on the first $25,000 spent in combined purchases in these categories. This card offers a no-interest financing period for the first 12 months after opening an account.
Ink Business Cash® Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Office-based businesses that want top cash back rewards
Intro APR
0% Intro APR on Purchases
Regular APR
13.49% - 19.49% Variable
Annual Fee
$0
Credit Needed
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- 0% introductory APR for 12 months on purchases
Pros
- Top rewards for office supply spending
- Introductory APR on purchases
- Cash sign-up bonus
Cons
- 0% APR doesn’t apply to balance transfers
- High balance transfer fee of 5%
- Designed mainly for office-oriented companies
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad.
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of 3 years or less.
Intro APR
0% Intro APR on Purchases
Regular APR
13.49% - 19.49% Variable
Annual Fee
$0
Credit Needed
Good, Excellent
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- 0% introductory APR for 12 months on purchases
Pros
- Top rewards for office supply spending
- Introductory APR on purchases
- Cash sign-up bonus
Cons
- 0% APR doesn’t apply to balance transfers
- High balance transfer fee of 5%
- Designed mainly for office-oriented companies
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad.
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of 3 years or less.
For other PNC credit card alternatives, visit our guide to the best PNC credit cards.
Bottom Line
The PNC Cash Rewards® Visa Signature® Business Credit Card is a no-annual-fee, low-interest credit card that’s best for business owners who have an existing deposit account with PNC Bank. While this card offers a 0% introductory period, it’s only for nine billing cycles, and it doesn’t apply to balance transfers. If this card isn’t what you’re looking for, check out our Credit Card Marketplace or visit our guide to the best small business credit cards for more options.
