The PNC Cash Unlimited Card, offered by PNC Bank, is known for its generous 2% cash back on all qualifying purchases, along with additional benefits like cell phone insurance and a 0% introductory APR period for balance transfers. This $0-annual-fee card is considered one of the top credit cards that offer 2% cash back on all purchases, especially with its attractive sign-up bonus. However, eligibility for this card requires either an existing relationship with PNC Bank or residency in specific geographic locations.
Here are five important things to know about the PNC Cash Unlimited Card:
1. Earn unlimited 2% cash back on all purchases:
If you prefer a rewards credit card without the hassle of tracking bonus categories, the PNC Cash Unlimited Card is a great choice. Cash back is earned as points worth 1 cent each, which can be redeemed for statement credits, travel, or direct deposits to eligible PNC Bank accounts. Points never expire, but a minimum of 5,000 points is required for travel redemptions.
2. Geographic restrictions apply:
To apply for any PNC credit card online, you must either reside in one of the 30 states where PNC Bank has physical locations or have an existing banking relationship with the bank. If you prefer a 2% cash back card without such restrictions, consider the Wells Fargo Active Cash® Card, which offers similar benefits and is available nationwide.
3. Enjoy a generous sign-up bonus:
New cardholders of the PNC Cash Unlimited Card can earn a $250 bonus by spending at least $1,000 within the first three months of account opening. This sign-up bonus surpasses those offered by competing cash-back cards like the Wells Fargo Active Cash® Card and the Citi Double Cash® Card.
4. Top-notch cell phone insurance:
Cardholders of the PNC Cash Unlimited Card receive excellent cell phone insurance coverage of up to $800 per claim (with a $50 deductible) for a maximum of two claims per 12-month period. Simply pay your monthly bill with the card to qualify for this valuable perk.
5. Ideal for debt consolidation:
If you’re looking to consolidate debt and escape high-interest rates, the PNC Cash Unlimited Card offers a 0% introductory APR on qualifying balance transfers for 15 months. After the introductory period, a variable APR will apply. For a longer 0% APR period on balance transfers, consider the Citi Simplicity® Card, which offers 0% intro APR on Purchases for 12 months and 0% intro APR on Balance Transfers for 21 months, followed by an ongoing variable APR.