PNC has overhauled the credit card products it inherited from National City. The new cards are attractive:
Cash Back (12.99-20.99 APR, no annual fee): 1.25% cash back on all purchases. Bonus: Spend $2,000 to $3,999.99 and get 1.50% cash back on all purchases during your next billing cycle; spend $5,000+ and it increases to 1.75%. Or Relationship Reward: get 1.50% cash back on all purchases if you maintain a Performace checking account; get 1.75% if you maintain a Performance Select.
Points (10.99-18.99 APR, no annual fee): earn 4 points per $1 spent. Relationship Reward: Virtual Wallet - 25% bonus on points earned, Performance - 50%, Performance Select - 75%.
Flex (10.99-17.99 APR, no annual fee): earn 4 points per $1 spent. Relationship Reward: 100 points per $1 in interest billed if you maintain an average checking balance of $1,500+; get 100 points per $2 if you maintain an average checking balance of $500-$1499.99.
No limit on cash back or points earned. Consumer Credit Cards | PNC Bank
-If you qualify for one of PNC's premium checking accounts, then their cash back credit card is among the market leaders. If you don't, 1.25% is still above average.
-The best Points exchange is 100,000 for an airline ticket up to $500 within the continental USA. At the maximum 7 points per $1, this would yield up to 3.5% cash back. $100 cash redeems for 50,000 points (1.4% CB) while most $100 gift cards trade for 40,000 (1.75% CB). Unfortunately, PNC has devalued the Points program and the already-weak lesser awards became even worse values. If you're able to rack up huge points, there's some exotic vacation packages that would be great values but everything else is junk.
-I'm surprised PNC's awarding points for accumulating interest charges. Given that the card is marketed as PNC's low-interest card (although onpar with its other Points card), I suspect it's to entice those who are shopping for a credit card to carry a balance with, anyway. Yet it's reminicent of a National City CC product (available in-branch only) that "rewarded" people who paid thier bills ontime with an interest rebate (and later, points). Given that PNC's suppose to be seeking credit scores of 720+ for its CC products (vs. National City, who gave a credit card to pretty much anybody), I'm surprised.