How to Apply for the PNC Visa® Business Credit Card; The PNC Visa® Business Credit Card is a no-frills small business credit card suited for entrepreneurs who tend to carry balances.
With a lower-than-average APR and an intro 0% APR offer on balance transfers, it can help business owners save on interest.
Its Features
The PNC Visa® Business Credit Card has a few key features that make it worth considering:
- No Annual Fee
There is no annual fee to use the card, making it a budget-friendly option.
- Introductory 0% APR Offer
New cardholders can take advantage of 0% intro APR on balance transfers made in the first 90 days for the first 13 billing cycles. This gives over a year to pay down transferred debt interest-free.
- Lower Ongoing APR
The ongoing purchase and balance transfer APR ranges from 15.24% to 25.24% variable. This is lower than many other small business cards.
- Useful Spending Analysis Tool
Cardholders get access to PNC’s Cash Flow Insight tool which categorizes transactions to simplify tracking business expenses.
What the PNC Visa® Business Credit Card Lacks
While the low APR and introductory offer are nice perks, there are some things the card is missing:
- No Welcome Bonus
You won’t earn any rewards like cash back or points for signing up and meeting minimum spend requirements.
- No Rewards Program
The card doesn’t offer ongoing rewards on purchases either. So you won’t earn anything back.
- Foreign Transaction Fees
A 3% foreign transaction fee is charged on international purchases. This can add up quickly.
As you can see, the PNC Visa® Business Credit Card is best suited for a particular type of cardholder. Keep reading to see if it meets your needs.
Who Should Consider the PNC Visa® Business Credit Card?
The best applicants for the PNC Visa® Business Credit Card are those who:
- Have Existing Credit Card Debt
If you have unpaid balances on other credit cards, you can transfer them to this new card and avoid interest for over a year. Just be sure to make payments during the intro period.
- Sometimes Carry Balances
If you occasionally carry a balance month-to-month after the intro period.
- Want a Separate Card for Business Expenses
If you desire a card to use solely for business spending. Keep personal and professional expenses separate.
- Prefer a Simple, No-Frills Card
With no annual fee, no bonus categories to track, and a .
As you can see, this card meets the needs of some business owners but lacks perks others may want.
How the PNC Visa® Business Credit Card Compares to Other Options
To decide if the PNC Visa® Business Credit Card is right for your small business, it helps to compare it to other options like the:
Ink Business Unlimited® Credit Card
The Ink Business Unlimited® earns unlimited 1.5% cash back on purchases with no annual fee. It also offers a 0% intro purchase APR for the first 12 months. But it lacks a balance transfer offer.
U.S. Bank Business Platinum Card
Similar to the PNC card, the U.S. Bank Business Platinum Card has no annual fee and a 0% introductory purchase APR for 12 months. But its balance transfer terms aren’t as good.
Capital One Spark Cash Select Card
The Capital One Spark Cash Select earns 1.5% back and has a 0% intro purchase APR for 12 months. It also doesn’t charge foreign transaction fees. But its ongoing APR is higher.
As you can see, alternatives have their own pros and cons to weigh. Choose based on your business’ spending and habits.
How to Apply for the PNC Visa® Business Credit Card
Applying for the PNC Visa® Business Credit Card is straightforward. Just follow these steps:
- Gather Required Information
Have the following details handy before starting your application:
- Your Social Security Number
- Your business’s Employer Identification Number (EIN)
- Your personal and business contact info and addresses
- Your personal and business income/revenue amounts
- Start an Online Application
Visit the PNC Bank website and click “Apply Now” on the PNC Visa® Business Credit Card page. This takes you to a secure online application.
- Fill Out the Online Form
Provide the personal and business details required, including your estimated credit score range. Be sure all info entered is accurate.
- Submit Your Application
Once all required fields are filled in, agree to the terms and submit your application for review.
- Wait for a Decision
It may take a few minutes or up to 30 days to receive a decision from PNC Bank. Check your email inbox for updates.
And that’s it! If approved, you can activate your new card as soon as it arrives in the mail. Then take advantage of the valuable features this simple business credit card offers.
Tips to Activate Your New Card
Once you’ve been approved for the PNC Visa® Business Credit Card and receive it in the mail, activate it right away. Follow these simple steps:
- Review Card Security Features
Examine your card and look for security details like:
- Embossed or printed full card account number
- CVV/CVC 3-digit security code
- Expiration date
- Register for Online Banking Access
Head to PNC’s website and set up your online account credentials if you haven’t yet. This gives you 24/7 access.
- Call the Activation Number
To activate your card, locate the phone number on the sticker affixed to the front of your card. Call this number and follow the automated instructions.
- Set Up Account Alerts and Controls
Once activated, log into online banking and set up custom alerts as well as other account controls like transaction limits for added security.
And you’re done. Your card is now ready for purchases and transfers as needed. Be sure to make use of the valuable 0% intro APR offer on balance transfers if needed. And reach out to PNC with any other questions.
Conclusion
The PNC Visa® Business Credit Card offers a few valuable benefits for the right type of small business owner. Specifically, it’s a good fit if you:
- Run up debt on other cards and want to transfer it to this new card
- Occasionally carry balances month-to-month
- Want a simple card solely for business expenditures
However, since it lacks rewards and charges foreign transaction fees, it’s not ideal for all. Do not just rush in on it. Take your time to consider your options before applying to find the best small business credit card for your needs.
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