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|Lengthy intro APR period for purchases and balance transfers||Other cards offer longer intro APR|
|$0 annual fee||Balance transfer fee, even during promo intro period|
|Sign-up bonus available||No ongoing rewards offered|
Core features of the PNC Core® Visa® Credit Card
Before we get into the specifics of this card, it’s important to note that you can apply for PNC credit cards only if you live in one of the states where PNC accepts credit card applications.
Where does PNC accept credit card applications?
- District of Columbia
- New Jersey
- North Carolina
- South Carolina
- West Virginia
Intro balance transfer and purchase APR for 15 billing cycles
If you’re in the market for a balance transfer credit card, one of the most important perks to consider is its intro balance transfer APR period. The PNC Core® Visa® Credit Card offers an intro 0% APR for balance transfers and purchases that applies for up to 15 billing cycles after you open the card. This gives you a bit more than a year to work down your balance — but it isn’t the longest promotional period out there.
To take advantage of the intro balance transfer offer, you’ll need to transfer balances within 90 days of account opening. There is an intro balance transfer fee of $5 or 3% of the amount of each transfer (whichever is greater) within those 90 days, but after the intro period the balance transfer fee is $5 or 4% of the amount of each transfer (whichever is greater). See more on this below.
Once the intro period is over, the purchase and balance transfer APR will be a variable 11.49% - 21.49%, depending on your credit profile.
A lengthy promotional APR is fine for most people, but if you really want to maximize the length of time you have to pay back your debt, choosing a card with an even longer promotional APR period can help. Just keep in mind that your balance must be paid off in its entirely before the intro period is up if you want to avoid paying interest.
Balance transfer fee
When you transfer a balance to a new credit card, it’s common for the new card’s issuer to charge a balance transfer fee. If you transfer a balance within 90 days of opening an account, the PNC Core® Visa® Credit Card charges a balance transfer fee of $5 or 3% of the amount transferred, whichever is greater. After the first 90 days have passed, the balance transfer fee changes to $5 to 4% of each amount transferred, whichever is greater.
Although the PNC Core® Visa® Credit Card’s balance transfer fee is pretty average, there are some cards with lower or no balance transfer fees during an intro period.
You may still have a good chance of saving money by transferring a balance and taking advantage of the PNC Core® Visa® Credit Card’s intro balance transfer APR, but make sure you do the math before you transfer a balance to see if you’ll save more in interest than you’ll pay in fees.
No annual fee
Another important thing to consider when looking for a balance transfer credit card is its annual fee. The PNC Core® Visa® Credit Card charges no annual fee. That means that you can take full advantage of the intro balance transfer and purchase APR without worrying about paying a fee to keep the card open.
Another nice perk of the PNC Core® Visa® Credit Card is that it offers a sign-up bonus. If you spend $1,000 on purchases within the first 3 billing cycles after account opening, you’ll receive a $100 bonus.
This is kind of a mixed bag. That $1,000 spending requirement doesn’t include any balances you transfer. Also, if you’ve opened this card so that you can pay off your debt faster with a lower interest rate, then the last thing you probably want to do is rack up an extra $1,000 in spending just to get a $100 bonus.
No ongoing rewards
The PNC Core® Visa® Credit Card doesn’t have any ongoing rewards. Instead, this card is focused on offering perks — in the form of an intro balance transfer and purchase APR — to people who are interested in reducing interest charges to help pay off credit card debt more quickly. If you choose to apply for this card, you should consider only using it to pay off your existing credit card debt.
For everything else, you’re likely better off with a cash back credit card for any other card purchases you might be making; you might as well be rewarded for spending on things that you were going to buy anyway.
Who this card is good for
The PNC Core® Visa® Credit Card is a relatively standard balance transfer card, so it’s a good choice for anyone who’s looking to save money on interest by making a balance transfer during the card’s intro balance transfer APR period.
The PNC Core® Visa® Credit Card doesn’t excel in any one area, such as the length of its intro purchase and balance transfer APR, or the size of its balance transfer fee — but overall, it brings a solid deal to the table. This card might be a good option for you if you already have a relationship with PNC Bank. If you don’t, you may want to look for another card.
People who are OK with using credit cards while paying down their existing balances will appreciate the offer of a sign-up bonus. If you’d rather avoid using credit cards until you’ve fully paid off your debts, you might want to consider a card with a lower balance transfer fee or a longer intro APR period.
Not sure this is the card for you? Consider these alternatives.
If you’re not sure whether the PNC Core® Visa® Credit Card is the right one for you, there are many other balance transfer options on the market.
- Citi Simplicity® Card: This card could be good for you if you want an extra-long intro balance transfer APR period.
- The Amex EveryDay® Credit Card from American Express: This card is a good bet if you don’t want to pay a balance transfer fee.
- Citi® Double Cash Card: If you want a card with a solid balance transfer offer and great ongoing cash back rewards, this card could be an option for you.