The PNC Core Visa Credit Card offers exceptionally low interest rates (as low as 11.49%) after the generous 15-month 0% APR introductory period. This makes the card a good fit for people who typically carry a balance month to month after the introductory period, as they’ll save money in interest each month compared to other credit cards. The PNC Core Visa card also offers a sign-up bonus of $100 when you spend $1,000 in purchases during the first three months.
The biggest potential drawback is that the card doesn’t offer a rewards program. If you plan to use your card regularly and pay it off in full each month to avoid interest entirely, you would benefit more from a rewards card than from interest savings.
PNC Core Visa Credit Card Overview
- Rewards Rate: N/A
- Sign-up Bonus: $100 bonus if you spend $1,000 within the first three months
- Annual Fee: $0
- APR: 11.49% to 21.49% variable (0% introductory APR for 15 months)
- Additional Fees:
- Balance Transfer Fee: $5 or 3% (whichever is greater) for the first 90 days, then $5 or 4% (whichever is greater) after the introductory period
- Foreign Transaction Fee: 3%
- Recommended Credit Score: Not listed but the better your credit score, the more likely you are to qualify for ultra-low rates.
Who Should Get the PNC Core Visa Credit Card?
Best for: People who tend to carry a balance after the introductory period. The low interest rate keeps your ongoing interest expenses comparatively low, even after the 0% APR introductory period expires.
Not for: People seeking to earn credit card rewards. And if you don’t carry a balance after the introductory period, you won’t benefit from the low, ongoing interest rate.
Low Interest Rate
An APR of 11.49% to 21.49% is impressively low for a credit card. This low rate saves you money on interest if you carry a balance after the expiration of the 15-month 0% APR introductory period. One caution: if you incur interest, there’s a minimum charge of $1.50 per billing cycle. So if you carry a small balance, this minimum charge may offset you would otherwise save from the low-interest rate.
$100 Sign-Up Bonus
By spending just $1,000 on purchases in the first three months, you automatically earn a $100 sign-up bonus. This is a nice perk, especially for a credit card without a rewards program (as non-rewards cards don’t usually offer a sign-up bonus). This offer applies to purchases only; credit card balance transfers don’t qualify.
0% Introductory APR
The 0% introductory APR period gives you breathing room to pay off your credit card balance over 15 months without incurring interest charges. If you have a sizable expense coming up (like a new computer or car repairs) and you want to spread the expense over a year or so without paying interest, this is a good option.
You could transfer a high-interest credit card balance to this card for 0% APR, but there is a 3% balance transfer fee to keep in mind.
No Rewards Program
The biggest possible drawback for the PNC Core Visa Credit Card is the lack of rewards. If your credit score is high enough to qualify for the lowest PNC Core Visa APR of 11.49%, you likely have good enough credit to qualify for a card with a rewards program.
If you plan to use your card regularly and pay it off in full each month, you’re better off going with a rewards card.
High Penalty APR
As long as you make your monthly payments on time, you can benefit from the exceptionally low interest rates offered by the PNC Core Visa card. But if you make a payment late or miss a payment, you may be subject to the penalty rate of 30.49%.
Even in the credit card industry where rates are typically high, over 30% APR is notable.
All information accurate as of 2/9/2020.
PNC Core Visa Credit Card compared to Amex EveryDay Credit Card:
The PNC Core Visa Credit Card is largely outshined by the Amex EveryDay Card. Amex offers a solid base rewards program (1 point per dollar spent) with additional ways to earn extra points.
With the same $0 annual fee and sign-up bonus equating to $100 for spending $1,000 in the first three months, these rewards make a big difference.
Amex also offers better terms for anyone looking to transfer a balance from another card. While both cards offer 0% APR for 15 months, PNC charges a 3% ($5 minimum) transfer fee and Amex doesn’t charge any balance transfer fee.
One benefit of the PNC Core Visa card is the lower interest rate. If you plan to keep a balance past the introductory period, you’ll likely save money in interest costs. And if you don’t plan on using your card often, this savings may offset any rewards you would earn from the Amex Everyday Card.
The Bottom Line
The PNC Core Visa Credit Card is a no-frills card ideally suited for people who intend to carry a balance after the introductory period and want to keep their ongoing interest expense as low as possible. But if you are a frequent card-user who pays the balance off every week, you’d be better off choosing a credit card with a rewards program.