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The PNC Everyday Rewards Visa Credit Card has a lot going for it: It has a generous and flexible cash-back program, low purchase interest rate, introductory offer of 0 percent interest and no annual fee. But if you charge a lot every month, you might find yourself losing out on some potential cash-back rewards checks. That’s because this card puts monthly limits on the amount of cash-back bonuses it will pay you no matter how much you charge.
Like many rewards cards, the PNC Everyday Rewards Visa uses a multi-tiered rewards system, meaning that you’ll earn more cash back for certain purchases and less for others. The card also comes with an introductory interest rate of 0 percent for nine billing cycles.
How This Card Works
Every time you earn at least $100 in cash-back points, you’ll receive a check for that amount with your next statement. You’ll need to read the fine print with this card, though; it has a different cash-back rate for the many different types of items you’ll charge to your card.
Travel and Shopping Benefits
Every time you charge gas on your PNC Everyday Rewards card, you’ll receive a cash-back bonus of 4 percent of each purchase. But you are limited: The card will only award this bonus on the first $250 you charge for gas purchases every month. For cinema or movie-rental charges, you’ll receive a cash-back bonus of 3 percent. Again, though, there is a limit: You will only receive this bonus for the first $150 you spend each month.
Grocery, restaurant and fast-food charges, or at least the first $750 of them each month, bring a cash-back bonus of 2 percent. All other purchases are eligible for a cash-back bonus of up to $1. There are no monthly limits on these charges. However, there is fine print: You’ll only receive a cash-back bonus of one-quarter percent for the first $10,000 in other charges that you make in a year. After reaching that threshold, you’ll then receive your 1 percent cash-back bonus.
After the card’s introductory interest-rate offer expires, you’ll be left with a purchase interest rate of 11.99 percent to 19.99 percent, depending on your credit score. There is no annual fee with this card. Other fees are standard: Cash advances cost $10 or 4 percent of the advance amount, whichever is higher. Late and returned-payment fees both can run up to $35.
The Bottom Line
- Generous and multi-tiered rewards program.
- No annual fee.
- Low interest rate depending on credit score.
- Monthly limits on how much of a cash-back bonus you can earn.
- Penalty interest rate is a sky-high 28.99 percent.
- Late and returned-payment fees of up to $35.