PNC Launches Spend Wise Credit Card – 0% APR For 18 Months (4% Balance Transfer Fee)

PNC has launched a new credit card called ‘PNC Spend Wise‘. Card basics:

• No annual fee
• 0% introductory APR on purchases and balance transfers for 18 months
• 4% balance transfer fee
• $25 annual digital subscription credit
• Price protection
• Porch Piracy Protection 
• Some weird APR reduction stuff

How useful this card is really depend on the credit limits they are handing out. Don’t think the APR reduction stuff is particularly useful as you’d need to be carrying a balance after the free period ends. Not sure I’ve seen Porch Piracy protection before. 

Unfortunately there is a 4% balance transfer fee so only really useful for new purchase. These 0% introductory APR offers are a leading recession indicator and we’ve been seeing more and more card issuers introducing or reintroducing them in the case of Chase. The better offers normally have no balance transfer fee too. Creating an updated master list of these offers is on the to do list. We will add this to the list of new credit cards.