PNC Points Rewards Program Review, Tips & More. PNC Points – PNC Bank’s credit card rewards program – operates on a standard points- based system. Allowing cardholders to earn 4 or 5 points with every dollar spent (don’t get too excited about this, we’ll explain why later on), points can then be redeemed for basic but useful perks (such as a statement credit, merchandise, gift cards and more). Rewarding businesses and consumers alike, the program features worthwhile cards like the PNC Points. So, read on below for our evaluation of the PNC Points program. Credit Cards Eligible for PNC Points. Not every PNC rewards credit card is eligible to earn PNC Points, as some of them actually follow their own separate rewards program. Please refer to the table below to view the business and consumer cards belonging to the PNC Points rewards program: *The Visa Signature. Furthermore, none have caught the eye of Card. Hub’s editors (who routinely assess more than 1,2. However, even with that being the case, there is one offer that can certainly benefit those who want to pay off new purchases at their own leisure: Maximizing PNC Points Earnings. Consumer credit cards and business credit cards in the PNC Points rewards program earn at different rates: Card Type. Earning Rate. Consumer / Personal Cards. Business Cards. 5 points per dollar on all purchases. Don’t get too excited over the high earning rates – they’re merely an illusion of wealth (kind of like an inflation), as the program actually charges you for more points when you’re redeeming for your rewards (as you’ll see in our redemption table later on). In addition to these base earning rates, PNC Points offers ways for consumers to earn extra. Card. Hub stresses the importance of capitalizing on these added benefits since there are no earning limits on any of the participating credit cards. Take Advantage of Card Bonuses – The manner in which you can earn bonus points depends on if you have a PNC Points. The amount by which you can boost your points by depends on the type of account you open as well as the minimum balance maintained in the account: Type of Deposit Account. Minimum Balance Required. Compare to other cards. I obtained my PNC Bank Rewards VISA Credit Card roughly four years ago and I. The PNC's points program has also. Verdict: If you charge a significant amount of money on your credit card each month, the PNC Points Visa Card might be the perfect rewards card for you. This card boasts a generous rewards program, one that allows you to. Sign up today for the PNC Commercial Card Rewards Program. PNC.com Personal Small Business Corporate & Institutional About Us. Welcome; Rewards; Help. FAQs; Retrieve Username; Forgot. Turn Purchases Into Points! Additional Amount Earned. Virtual Wallet Account$5. Performance Checking Account ORVirtual Wallet with Performance Spend$2,0. Performance Select Checking Account ORVirtual Wallet with Performance Select$5,0. PNC Flex. If you maintain a balance of $1,5. Using “Purchase Payback” – This program enables PNC Points. For example, a one month offer at Sports Authority might give you 1. To take advantage of these offers, sign into your Rewards Center online to view the current available promotions and activate them for use. Then, claim those offers by using your PNC credit card the next time you shop at the respective retailers. Earning Perks: No Rotating Categories – None of the PNC Points cards have rotating categories, eliminating the hassle of having to sign- up for certain bonus categories in order to earn them. In fact, all the cards all fairly straightforward, as you earn the same number of points per dollar on all types of purchases. No Earning Cap – There is no maximum limit on how many points you can earn. No Minimum Threshold – It is not necessary to spend a minimum amount on your credit card in order to begin earning points. Earning Restrictions to Watch Out For: Points Expire – All points expire 4. Extensive information on PNC Bank Rewards. PNC pointsSM offers you rewards when you use your PNC Bank Check Card and Visa credit cards. Searched in all forums, couldn't find any information on PNC points credit card and travel rewards. I received an offer on PNC points select credit card for 100,000 pnc points after first purchase and earn up to 7 points per. How can I earn even more rewards with my PNC points credit card? You can earn even more rewards with a PNC points Visa credit card combined with a Virtual. To get the most of this PNC experience, we recommend upgrading your browser. This is a massive disadvantage compared to the competition, as rewards programs rarely impose expiration dates anymore. PNC also makes it very clear that there is no way to reinstate expired points. Points Cannot Be Shared – PNC Points cannot be shared with other members. However, one can combine points from multiple cards into one points account as long as the cards belong to the same person (if you have a business card and a personal card, this would be helpful). No Sign- Up Bonuses – Many issuers attract potential customers with lucrative sign up bonuses (such as giving out $1. PNC Bank is not currently one of them. Furthermore, you have to active the offer online (through the Rewards Center), which makes it an even bigger hassle. Redeeming PNC Points for Maximum Value. Now that we’ve discussed how you can maximize the PNC Points that you earn, let’s tackle the next step and determine the best redemption approach. This step is incredibly important, as you want to spend your points in the most lucrative way possible. Thus, the most important question is: Which redemption option provided by PNC Points offers you the most value per point? Well, we did the math (as you can see below), and it seems like redeeming for travel is the winner. However, we were unable to confirm the fairness of the prices in the travel booking tool, which means travel’s superiority only holds true as long as the prices you find there are comparable to those available elsewhere. How Much Is a PNC Point Worth in Each Redemption Option? The table below displays a detailed breakdown of the graph above. It specifies the valuations of each point when spent in the different redemption options offered by PNC Points. Redemption Option. Dollar Cost. Points Needed. Point Valuation. Travel.
Airfare using booking tool$1. Hotel using booking tool$1. Car Rental using booking tool$1. Average. 0. 2. 8 cents. Gift Cards. Store Gift Card$2. Store Gift Card$2. Store Gift Card$5. Store Gift Card$1. Store Gift Card$1. Average. 0. 2. 3 cents. Cash Back. Statement Credit$4. Statement Credit$1. Statement Credit$4. Statement Credit$1. Average. 0. 1. 8 cents. Merchandise. Item$2. Item$2. 00. 0. 09. Item$2. 00. 0. 09. Item$1. 00. 0. 08. Item$1. 00. 0. 06. Average. 0. 1. 8 cents. Miscellaneous. Charity Donation$1. Charity Donation$2. Charity Donation$1. Average. 0. 2. 3 cents. Redemption Perks: Competitive Point Valuations Across All Redemption Options – When adjusted for inflation, the point valuations aren’t bad at all. None of the redemption options give you anything less than 0. Deal of the Week” – Though this isn’t a massive perk, PNC offers a considerable discount on a popular piece of merchandise every Wednesday. An item typically costing 5. Automatic Redemption – If you’re feeling particularly lazy and don’t feel like manually redeeming your rewards, you can set up automatic redemption and let the program do the work for you: Redemption Restrictions to Watch Out For: Limited Travel Options – If you’re redeeming your points for travel, your only option is to use the program’s internal booking tool. You cannot transfer your points into any external loyalty programs or offset purchases with a travel credit. Therefore, if the prices are ever unfair, you might have better luck redeeming for cash back and using that money to purchase your ticket elsewhere. Minimum Threshold on Redemption – Redeeming for cash back begins at 3,0. Point Inflation – The fact that this rewards program charges a lot more points than other programs for the same kinds of rewards nullifies the fact that you’re earning more points per dollar spent on your card. PNC Points Transfer Partners. Unfortunately, the PNC Points rewards program does not feature any transfer partners for travel redemption – which would enable customers to transfer rewards earnings to affiliated travel providers for direct booking. Therefore, if you want to book travel directly using your points, your only option is to use the PNC booking tool. Pros & Cons of PNC Points. Now that we’ve broken the program down and reviewed the earning and redemption angles, it’s time for the bottom line – what are the major pros and cons of the PNC Points rewards program? Take a look below: Pros. No Rotating Categories – No PNC Points cards have rotating categories. No Earning Cap – There is no maximum limit on how many points you can earn. No Minimum Threshold For Earning – It is not necessary to spend a minimum amount on your credit card in order to begin earning points. Purchase Payback & Card Bonuses – These features enable consumer cards to earn extra rewards. Cons. Points Expire – All points expire 4. No Flexibility for Travel Purchases – If you’re redeeming your points for travel, your only option is to use the program’s internal booking tool. Minimum Threshold on Redemption – You need to reach a minimum number of points before you can start spending them on rewards. For example, redeeming for cash back begins at 3,0. Point Inflation – Saying that you’re giving out 4 or 5 points for every dollar spent gives customers the false impression that they’ll be able to garner more currency value and therefore get more rewards. In reality, however, rewards point prices are also inflated, so cardholders aren’t actually getting more. The Fluff Merchandise – PNC Points are worth about the same amount for both cash back and merchandise, so you might as well pick cash back instead. It’s just more flexible.
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December 2016
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