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PNC Bank has launched the Premier Traveler Visa Signature.
The card earns 2 miles per dollar spent which is effectively a 2% rebate when used for travel. It has a 30,000 point signup bonus after $3000 in spend within 3 billing cycles of account opening, worth $300 towards travel. It’s a no foreign transaction fee card with a $0 fee the first year then $85.
The card is very similar to the Barclaycard Arrival Plus Card, though Arrival Plus has a bigger signup bonus.
The PNC card is available only in:
- North Carolina
- New Jersey
- South Carolina
- West Virginia
- Washington D.C.
I think that the Barclaycard Arrival Plus Card is better. And for ongoing spend I prefer cash rather than travel credits — Citi Double Cash of course is going to give you 1% back when you make a purchase and then another 1% back when you pay off your purchase. It’s a statement credit, so real cash and not credit towards future travel spend. And it’s a $0 annual fee card, not just $0 the first year.
However it’s great to see even more competition in the high value rebate space and with a decent signup bonus. Some folks will be interested in PNC’s offering, though even more will be interested in Arrival Plus and Citi Double Cash.
(HT: Doctor of Credit)