topic Re: PNC Cash Rewards in Credit Cards

PNC Cash Rewards

Anonymous — Tue, 20 Jun 2017 18:52:11 GMT

PNC released a new credit card yesterday.

4% back on gas
3% dining including fast food
2% grocery
1% on all else

$8,000/ year cap on spend in the 4,3,2 catergories. No Annual Fee. What do y'all think?

Re: PNC Cash Rewards

odd_dog — Tue, 20 Jun 2017 19:20:06 GMT

I saw that and it is ...... OK I guess, BUT you have to be in their footprint to be eligible I think???

Re: PNC Cash Rewards

Anonymous — Tue, 20 Jun 2017 19:28:39 GMT

Thanks for the heads up OP!

Re: PNC Cash Rewards

CountryLivin — Wed, 21 Jun 2017 04:49:43 GMT

@odd_dog wrote:
I saw that and it is ...... OK I guess, BUT you have to be in their footprint to be eligible I think???

Plus PNC is pretty conservative....more likely to give you a card if you have a banking relationship with them.

Re: PNC Cash Rewards

Anonymous — Wed, 21 Jun 2017 11:43:26 GMT

They didn't waste anytime advertising this new card on their ATM's as I noticed when I went to take money out yesterday. They will give me a card but I have way too many inquiries. They are very inquiry sensitive!

Re: PNC Cash Rewards

TiggerDat — Wed, 21 Jun 2017 13:21:51 GMT

I wonder if there is any chance of PC'ing to this card....?.....

I noticed from their website that they are no longer offering my card, the Cash Builder, and are also offering a Premier Traveler Visa with 30,000 bonus points with $3,000 spend in 3 months. Both of these new products are appealing.

Re: PNC Cash Rewards

Involver — Wed, 21 Jun 2017 14:22:29 GMT

I'm going to try to PC.

The $8k cap/year inclusive of all four categories is a joke, though.

Re: PNC Cash Rewards

TiggerDat — Thu, 22 Jun 2017 16:37:57 GMT

@Involver wrote:
I'm going to try to PC.

The $8k cap/year inclusive of all four categories is a joke, though.

I called, you can't PC. They can't change products from one to another was what they told me. When I mentioned that you could with a checking account there was silence a little mumbling and then I was told the system wouldn't allow it.

They were happy to tell me at first that I could change products by applying for the new one and when approved I could transfer my balance over to the new card and close the old one. This would be the first bank that I am aware of that lets you transfer balances from one account to another, except Synchrony with the upgrade to the Walmart MC or other such upgrades.

Re: PNC Cash Rewards

Anonymous — Mon, 10 Jul 2017 01:51:57 GMT

I can investigate... I have 2 PNC Core cards with $10k limits, opened 5 months apart. Only thing is they both have extremely long 0% APR offers (both were 18 months) so I'll see what they say...

Funny enough, they sent me a 3rd Core preapproval. PNC is goofy but I've been with them for 15 years, checking account wise.

Re: PNC Cash Rewards

Anonymous — Sat, 29 Jul 2017 17:55:20 GMT

Hi All,

Just applied today and was instantly approved for a SL of $15k. I have a PNC Points card ($1k) and a Cash Signature card ($7.5k) I've also been banking with PNC my whole life. Was kind of suprised they instantly approved me because I have 12 EXP inquiries.

Note to all- PNC won't approve you for any of their cards unless you have an existing relationship, similar to WF. I'm not 100% sure about this, but I've done enough research to confidently post it.

EXP- 786

EQ- 812

TU- 792

Re: PNC Cash Rewards

Credit-hoarder — Sat, 29 Jul 2017 18:02:31 GMT

@Anonymous wrote:
Hi All,

Just applied today and was instantly approved for a SL of $15k. I have a PNC Points card ($1k) and a Cash Signature card ($7.5k) I've also been banking with PNC my whole life. Was kind of suprised they instantly approved me because I have 12 EXP inquiries.

Note to all- PNC won't approve you for any of their cards unless you have an existing relationship, similar to WF. I'm not 100% sure about this, but I've done enough research to confidently post it.

EXP- 786
EQ- 812
TU- 792

Congrats on the approval OP. Actually Wells Fargo sent me a pre-selected offer 3.5 years ago and approved me for a card with no relationship (unless their separate car financing service counts). But this PNC info is good to know to as I've been eyeballing this card also recently.

Re: PNC Cash Rewards

Anonymous — Sat, 29 Jul 2017 18:06:59 GMT

Looks like they're going after Citi Costco customers.

Re: PNC Cash Rewards

Anonymous — Sat, 29 Jul 2017 18:47:11 GMT

In my opinion, no. You can get better than 4% on gas and 2% on groceries with most cards. The 3% isn't bad for restaurants but again the chase aarp card is the clear winner if your a big spender in that category.

Re: PNC Cash Rewards

Anonymous — Sat, 29 Jul 2017 23:02:08 GMT

That's awesome. Which card that you know of has over 4% gas and 3% resturants? I also have the Chase AARP. I know.. I have a problem

Re: PNC Cash Rewards

TitaniumCash — Sun, 30 Jul 2017 00:15:40 GMT

I applied and got approved for this card too, after being told I wasn't allowed to do a PC from their old CashBuilder card. They also told me the two cards have different rewards system so I couldn't even transfer my cash rewards from old account to new one. It's not like I'm telling them to convert points to cash, it's cash to cash. At least it's not a $800 limit like last time though, lol.

Re: PNC Cash Rewards

Man-Of-Steel — Sun, 30 Jul 2017 05:44:45 GMT

@Anonymous wrote:
That's awesome. Which card that you know of has over 4% gas and 3% resturants? I also have the Chase AARP. I know.. I have a problem

I don't spend much on gas, but I'm interested in hearing the answer to this also. I believe that I've heard about a 5% Penfed gas card, that didn't really calculate to 5% when redeemed (that might be outdated info though). How much better can one do than 4% on gas? I thought that was a pretty good rate....on par with the Citi Costco card.

Re: PNC Cash Rewards

csryang — Sun, 30 Jul 2017 06:22:23 GMT

@Man-Of-Steel wrote:
@Anonymous wrote:
That's awesome. Which card that you know of has over 4% gas and 3% resturants? I also have the Chase AARP. I know.. I have a problem
I don't spend much on gas, but I'm interested in hearing the answer to this also. I believe that I've heard about a 5% Penfed gas card, that didn't really calculate to 5% when redeemed (that might be outdated info though). How much better can one do than 4% on gas? I thought that was a pretty good rate....on par with the Citi Costco card.

For gas--

Sams club mastercard has 5% cash back on gas the first 6k spend per year.

PenFed Platinum Rewards has 5 points per dollar spend on gas but that equals to about 4.25% when redeem for gift card

(old) PenFed Platinum Cash Rewards is no longer available for sign up but has 5% cash back at the pump.

Fort knox and USAA both have 5% cash back on gas but their membership requirement is strict.

For restaurants--

3% is the best that you can get unless you use a 5-6% cash back card at grocery store or office store to buy restaurant gift card or stacking with app or coupon

Cash+ has 5% in fast food but not including restaurants.

Honestly the extra 1% cash back is probably not worth applying for a new card anyway.

Re: PNC Cash Rewards

Anonymous — Sun, 30 Jul 2017 10:46:18 GMT

@Anonymous wrote:
Hi All,

Just applied today and was instantly approved for a SL of $15k. I have a PNC Points card ($1k) and a Cash Signature card ($7.5k) I've also been banking with PNC my whole life. Was kind of suprised they instantly approved me because I have 12 EXP inquiries.

Note to all- PNC won't approve you for any of their cards unless you have an existing relationship, similar to WF. I'm not 100% sure about this, but I've done enough research to confidently post it.

EXP- 786
EQ- 812
TU- 792

Congrats on your approval!!!

Re: PNC Cash Rewards

Anonymous — Sun, 30 Jul 2017 11:05:11 GMT

@TitaniumCash wrote:
I applied and got approved for this card too, after being told I wasn't allowed to do a PC from their old CashBuilder card. They also told me the two cards have different rewards system so I couldn't even transfer my cash rewards from old account to new one. It's not like I'm telling them to convert points to cash, it's cash to cash. At least it's not a $800 limit like last time though, lol.

Congrats on your approval!

IMHO the old CashBuilder reward structure was better than the new one. If you met certain requirements, you could earn 1.75% on all purchases. I know it's less than 2% but if you don't qualify for a 2% card it was a decent alternative.

With regards to the new cash back card, most folks (@ myFICO) already have these categories covered. In some instances, they are earning more than 4% on gas and 3% on groceries.

For people that have the original CashBuilder, is the cash structure staying the same or will it be converted to the 1.5%?