PNC Secured Credit Card: Available or Not?

Q: I am 5 months post-bankruptcy and want to get my credit back on track. Can you tell me why the PNC Bank credit card application is not available on their website, at least from what I see? Do I need to apply in-person for it?

A: I didn’t see it up there either, but I did use the search function on their website. Using “secured credit card” this is what it will show you:

results on PNC website
The first one they’re talking about are secured business loans (obviously not what you want). If you click on the second one it takes you to a page linking to 3 credit card agreements; Standard, Visa Signature, and Secured. The last of which shows…

PNC secured card agreement terms

Underneath that table it talks about the $36 annual fee, the minimum security deposit ($250), the interest rates, and other information for the PNC secured credit card. But how do you apply? Well, watch out because you might get the wrong answer depending on the source.

So is it cancelled or not?

Upon doing a little Googling, I see a number of websites (such as Yahoo Answers) which say that PNC Bank no longer offers this card. Some even go so far in their answers/reviews as to say the reasoning is “probably” because National City cancelled their secured card program, so when PNC bank acquired them a few years ago they also axed the card. That information is incorrect.

I went straight to the horse’s mouth to find out what the deal was by calling customer support. They confirmed the card is still available. To get it though you will have to fill out the application in person at a branch.

How does it compare?

A $36 annual fee is very reasonable. The minimum security deposit is $250 and the max is $2,500. However there is one potential drawback to be aware of:

  • These accounts do not graduate to unsecured on their own. If you ever want to try and get an unsecured card, you will have to try applying for a new account.

But that aside, this secured Visa card appears to be a great option to start with. Get that and perhaps one other good secured credit card and start using them to rebuid.

In fact, PNC is one of the few major retail banks that still offers these. The Chase secured credit card was discontinued and several of the other big guys have done the same with theirs. So it’s nice to see PNC hasn’t put there’s on the chopping block yet. It’s too bad they don’t advertise it because this is one of the better deals out there.

This article was updated for 2013

 
Comments
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They do not advertise for PNC secured credit card. You have to go into your local branch and ask about it!! I hope this helps

Chris Harwick

For folks wondering about the credit score impact, your ratio of total credit to credit used is a significant factor – so keep in mind that a $250 secured card that you are constantly carrying $200 balance on (80% used) is going to negatively affect your actual score… Try to keep the balance below 20% of total for the maximum improvement to your credit score.

Did getting this secured card help improve your credit score a great deal or only a couple points? I have just done a capital one secured with $99 deposit for $200 credit limit. I bank with PNC and have been thinking about getting their secured card also.

Do they report to all 3 credit bureaus?

yes they do @ pnc

Thanks for the info. The ironic thing (in a good way) is that CreditCardForum is more informative than the banks sites themselves! Thanks again!

Do I need to open a checking account to apply for the SCC? or maybe it will just help the approval?

yes u would need an account there to get a scc

I have been using the PNC Secured Card since January 2012. I put down $250 and just recently put some more money down to increase my credit limit.

How long did it take you to receive the PNC Secured Card?

I just opened a PNC checking account on July 10 2012, and the rep informed me that they in fact do have the secured credit card. You ONLY can apply at the branch office NOT online. $36.00 annual fee paid via $3.00 a month. $250 to start.