If customers wish to own a credit card that earns for them cash back and rewards for just about every purchase, then the PNC Bank Cashbuilder Cards the right card for them. The card is a Visa credit card issued by the PNC Bank, which is the main subsidiary of the PNC Financial Services Group Inc., and is based in Pittsburgh, Pennsylvania. The card is one of the better cash back rewards card in the market earning the cardholders a base reward rate of 1.25%, which is higher than the standard 1% reward rate earned by its contemporaries.
PNC Bank Cashbuilder Card– the rewarding aspects of the card
The card has a pretty impressive reward program structure. The PNC Bank Cashbuilder Card earns its cardholders minimum cash back of 1.25% on just about any and every purchase that they make with the card. This base reward rate is much better than the standard base reward rate for most credit cards in the market, which is a mere 1%. The card gets better and better with increasing bonus levels if the cardholder happens to be a big spender. Cardholders earn cash back of 1.50% when their adjusted purchases with the card fall anywhere between $2,000 and $3,999.99. The rewards get bumped up even more when cardholders hit a spending level of $4,000 in adjusted purchases, in which case the reward rate for cash back is a whopping 1.75%. What’s more, the card earns the same cash back rate across all categories of merchandise and goods such as groceries, gas, travel, and much more. The PNC Bank Cashbuilder Card does not have any upper limits on the points earning potential of the cardholders, thus allowing them to earn tons of points and redeem them for whatever rewards that they wish to redeem them for. The redemption levels for the card begin at a mere $50, after which cardholders can begin redeeming their points for whichever reward they wish. Moreover, the points do not have an expiration date.
The PNC Bank Cashbuilder Card also lets cardholders qualify for higher levels of earning rewards even if their spending does not hit the prescribed limit under the reward structure of the card. For this, the card requires cardholders to necessarily have a qualifying checking account with the bank where they meet the minimum direct deposit or balance requirements. In that case, the card lets cardholders earn 1.50% and 1.75% cash back with the PNC Performance Checking Account or the PNC Virtual Wallet. If on the last day of the billing cycle, the cardholders have the Qualifying Performance Deposit Account, then they earn 1.50% cash back. If they have the Qualifying Performance Select Deposit Account, then they earn 1.75% cash back, which is the highest level of cash back that can be earned with the PNC Bank Cashbuilder Card. However, cardholders must remember that if the PNC Cashbuilder Visa account is held by more than one person, then all such owners must have checking accounts to earn the above mentioned highest reward rates. Cardholders can learn more about the card at https://www.pnc.com/webapp/unsec/Blank.do?siteArea=/pnccorp/PNC/Home/Personal/Credit+Cards/CC/PNC+CashBuilder+Visa+Credit+Card#/#moreFeatures.
The PNC Bank CashBuilder Card has a 0% introductory APR offer on balance transfer for the first 12 months of cardholders opening their accounts and becoming members, and the balance being transferred within the first 3 months of account opening. There is no introductory rate on purchases and the APR is variable from 12.99% to 21.99% based on the creditworthiness of the cardholder and will also vary with the market based Prime Rate. This variable APR is also applicable on balance transfers after the initial introductory period of 12 months.
The PNC Bank CashBuilder Card also comes with all the privileges that come with a Visa credit card. The card has 24/7 cardholder enquiry benefits. It also features the emergency cash disbursement and card replacement services whenever the cardholder is in need of emergency cash overseas. The PNC Bank Cashbuilder Card also offers stolen/lost card reporting where cardholders receive assistance anytime and anywhere in case they lose their cards. It also features the purchase security protection feature which replaces damaged/stolen/lost eligible purchases within 3 months of the item purchase. The card features the Zero liability protection which covers cardholders in case of unauthorized and unsanctioned purchases made with the card. It also has the warranty manager service which extends the manufacturer’s repair warranties on the items bought with the card. The card also offers numerous travel benefits and insurance under Visa including travel accident insurance for the cardholder and his/her family, travel and emergency assistance services for travel paid for by the card, 24/7 roadside dispatch, lost luggage reimbursement, and even auto rental collision damage waiver which covers damages to rental cars paid for by the PNC Bank CashBuilder Card.
Last, but not the least, the cards a no-annual fee card.
The cons of the PNC Bank Cashbuilder Card
The PNC Bank Cashbuilder Card is a very good reward and cash back card, outranked by only cards such as the Costco Credit Card, the Blue Cash Preferred Card and the Capital One Venture Rewards card. These cards have higher, better and more reward structures but the latter two come with hefty annual fees. The Costco Card, on the other hand, is built to be almost the same as the PNC Bank Cashbuilder Card, better only by a very thin margin.
Probably cards such as the Citi Dividend Platinum Select Visa and the Iberia Bank Visa Gold could appear to be better than the PNC Bank Cashbuilder Card with all their enticing incentives like 1% cash back on cash advances and purchases. But after reviewing the fine print, there is a cash back cap of $300 on the first and the latter has 1.99% introductory APR on balance transfers and does not have the 0% introductory APR. Moreover, the minimum cash back at PNC Bank Cashbuilder Card is a handsome 1.25% on qualifying purchases which is less than any other card which pays 1%. All-in-all, the PNC Bank Cashbuilder Card has all-round gratifying and pleasing rewards, and suits just about everyone.