The newest product in PNC Bank’s credit card portfolio might already be the best of its kind.
The PNC Unlimited Cash Visa Signature Credit Card is available on May 7, 2024, with no annual fee and unlimited 2% cash back on all eligible purchases. Other highlights include cell phone insurance, a 0% introductory APR, and no foreign transaction fees. The combination of benefits on a $0 annual fee card makes the PNC Cash Unlimited card one of the best credit cards to earn 2% on all purchases.
Who doesn’t want to be rewarded?
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Please note that you must be a PNC Bank member to apply for any card issued by PNC Bank.
The rewards you earn with the PNC Cash Unlimited card never expire and can be used for:
- Deposit funds directly into an eligible PNC Bank consumer checking or savings account or a PNC investment account.
- Credit statement for a PNC Cash Unlimited card account.
- Gift vouchers.
- Book travel through the PNC Travel Catalog.
There is no minimum amount required to redeem for direct deposit or statement credits, but cardholders must have at least 5,000 points to book travel. When redeeming direct deposit, statement credits and travel, one point is worth 1 cent, as per industry standards. Point values for gift card redemptions vary.
The cell phone insurance offered by PNC Cash Unlimited is very competitive with other similar cards. As long as you pay your cell phone bill with your PNC card, you’ll get up to $800 of coverage per claim. (Two claims allowed every 12 months.) By comparison, the Wells Fargo Active Cash® Card, another 2% rewards credit card, pays up to $600 per claim.
If there’s one weakness to the PNC Cash Unlimited card, it’s the lack of a sign-up bonus, where new cardholders can earn multiple rewards by spending a certain amount within a certain time frame. However, new cardholders can enjoy a 0% introductory APR for 12 months on purchases and balance transfers made within 90 days of account opening. For those looking to reduce interest costs, this feature can be a real money saver.
