Secured Credit Card
What is the minimum to open the Secured Credit Card?
$300 is the minimum
How much is the annual cap?
$8000
True or False: This card offers the max amount of rewards
False, this card offers no rewards
What is the minimum credit line?
$5,000 is the minimum
To be eligible for a bonus, a client must not have received a bonus in connection with account opening within the last _____ months?
24
How many authorized users can be on a secured credit card?
Only one authorized user per account
Customers earn the following cash back percentage when they make purchases?
4% gas, 3% restaurants, 2% grocery stores
1% all other purchases **% only is acceptable**
How much is the annual fee?
There is no annual fee
What is the annual fee?
We no longer have an annual fee on this card
What is one way a client can redeem their rewards?
Either of these would be ok: Online banking, Virtual Wallet or PNC employee
What is the annual fee for the secured credit card?
$36
True or False: Customers can redeem their cash back rewards through a deposit to their investment account?
TRUE (deposit to checking, savings, installment loan, investment account or credit to credit card)
What is the balance transfer fee percentage?
3% is the balance transfer fee
Give me an example of Visa Signature benefits of the Cash Unlimited Card?
24/7 Concierge, Roadside dispatch, cell phone protection, Travel & Emergency services, Food & wine, etc...
True or False: adding an authorized user, not a joint owner, to a credit card could help the authorized user build credit?
True: Our company reports ALL authorized users the credit bureau reporting agencies. Which could be a positive or negative impact to authorized user base on how the card owner pays the bill.
What is the maximum security deposit/credit limit?
$2500
What is the minimum limit for the Cash Rewards?
$500
In billing cycles, how long is the 0% intro APR on purchases and balance transfer?
15 billing cycles
True or False: There is no foreign transaction fee if card is used overseas?
True, there are no foreign transaction fees
How would you describe the $8000 annual cap on the Cash rewards?
After the first $8,000 in combined purchases each program year at 4%, 3% and 2% cash back, customers will earn 1% cash back on all purchases until the next anniversary date
How many days after closing is a refund check generated?
A credit balance refund check will be generated 30 days after closing.
True or False: This card offers a fixed rate
No, all Credit Cards are variable rates
Client balance transfers $3,000 how much is the balance transfer fee?
$90 or 3%
Outside of our state, how would a client be eligible to apply for this card?
Insights or direct mail offer
To receive revenue credit, how would you redeem a direct mail offer brought into the branch by a client?
Go to the Direct Mail Credit Card Offer website, enter your login, bank#, branch# & reservation#
***only saying Direct mail website is acceptable**