ABOC Platinum Rewards Credit Card Review

0
Credit Card:
Credit Dad Editor's

Reviewed by:
Rating:
5
On April 10
Last modified:May 17

Summary:

If you're wondering if this card is a good option for you, it's good to know that the ABOC credit card offers flexible and generous rewards which makes it a very sensible option, especially if you're running on an average credit score.

With a very long history under their belt, ABOC has been around for almost 100 years. They are extremely dedicated to fostering deep relationships with their clients. This led to them building an entire community of loyal and dedicated clients.

Additionally, ABOC’s services relate not only to individuals but to institutions, organizations, and businesses as well. Amalgamated Bank of Chicago has been there, serving the banking needs of multiple generations. The relationship between them and their clients is completely based on profound trust.

With the highest quality, responsive, and personalized customer service, an in-depth understanding of the everyday needs of their clients and long years of expertise, Amalgamated Bank of Chicago has been caring countless clients all over the world, ushering their financial safety and security as well as convenience.

  • 0% Intro APR on Purchases and Balance Transfers for 12 months; after that, the variable APR will be 15.15% - 25.15%, based on your creditworthiness
  • Earn 5x rewards on up to $1,500 in combined purchases each quarter in popular categories such as dining, groceries, travel, and automotive
  • No upper limit on the points you can accumulate, and since points never expire, you can save up for a big award!
  • Earn Points on Every Purchase! It's simple: $1 = 1 Point
  • No Annual Fee
  • Select Your Rewards Your Way
  • The card is issued by Amalgamated Bank of Chicago
Intro APR Intro Period Regular APR Annual Fee Credit Needed Rate this Card
0%* 12 months* 15.15% - 25.15% (Variable)* 0* Good*
total votes: 31

Today, we’re going to go through a full review of the ABOC Platinum Rewards credit card and its ups and downs.

What kind of users is the ABOC credit card intended for?

Anyone with a credit score of 700 to 850 can become an ABOC Platinum Rewards credit card user. Since it’s a card without an annual fee or any other similar expenses, it’s simply perfect for consumers who need additional financial security and safety while on the go. With an excellent rewards program, it’s also perfect for those who are required to travel a lot.

This most excellent rewards program allows users to convert their purchases into useful perks like gifts, travel, and other benefits and conveniences. There’s a variable purchase APR, as well as a balance transfer APR, and the rewards program also includes a variable cash advance.

Free signup

Put simply, the Amalgamated Bank of Chicago Platinum Rewards credit card allows its users to get this card for free and enjoy the most excellent rewards every time they use it. With an introductory 0% APR rate on all balance transfers and new purchases for a period of one year, this card has a very high community rating. In fact, it’s strongly recommended.

Prominent features

We can safely say that an included rewards program and no annual fee are the two greatest, most prominent features of the ABOC Platinum Rewards credit card. Then, low late payment penalty, as well as a low foreign transaction fees.

Earn bonuses with every purchase

For every purchase and retail action, there’s a rewards program. After spending a certain amount of cash, users can also count on a signup bonus but there’s no annual loyalty bonus. When it comes to additional benefits, they are as follows:

  • Reports to major credit bureaus – Transunion, Experian, Equifax
  • Fraud Liability

 
If a user wants to increase a credit score, all they have to do is make on-time, regular payments. These payments, as well as all account activity, get reported to credit bureaus which give every user an opportunity to increase their credit score and enjoy even better rewards. With all that in mind, we can safely say that there are 2 most prominent features when it comes to using your ABOC Platinum Rewards credit card:

  1. No annual fee
  2. 0% intro APR on balance transfers and purchases for 12 months

Few No Annual Fee Cards

Card name Intro APR Intro APR Period Regular APR Annual Fee Credit Needed
Amalgamated Bank of Chicago Union Strong Credit Card 0%* 12 months* 11.50% (Variable)* 0* Good*
Horizon Gold N/A* N/A* 0% * 0* Accepts All*
Net First Platinum N/A* N/A* 0% * 0* Bad Credit OK*
First Latitude Mastercard® Secured Credit Card N/A* N/A* 26.74% (Variable)* 0* Bad Credit OK*
Freedom Gold Card N/A* N/A* 0% * 0* Bad Credit OK*

Necessary qualifications

It’s very important to mention that there are certain terms the user needs to fulfill to earn the right to enjoy all these benefits and prominent features. To qualify for statement credit, the user needs to create a new account that’s open and in good shape.

Note: To receive the statement credit, the user needs to make purchases of $1200 in total in the first 3 months after the account open. After the first 12 months, there is a certain rate, but it will vary. 0% intro APR on balance transfers and purchases refers to the first 12 months of the Prime Rate. See Terms & condition and apply online here.

How to get the most out of the ABOC credit card?

Using a credit card in a smart way allows every user to get the most out of his or her ABOC credit card. To enjoy the convenience of paying for the things every person needs in their lives, a user needs to play smart, follow the rules, and do everything in their power to avoid any costly fees and unnecessary interests as well as penalty charges. To get the most out of the ABOC credit card, a user needs to:

  • Keep their spending under control – keep track of your spendings to avoid piling up more debt than a cardholder can afford to repay
  • Pay dues on time – make sure to pay all dues on time to avoid extra interest and penalty fees
  • Increase your credit score by making regular payments
  • Maximize credit card repayments to minimize the interest and to pay off debt sooner
  • Be sensible when setting a credit limit – use a credit limit you can surely repay; if your credit limit is too high, reduce it to a sensible amount
  • Never use your credit card to make ends meet – unexpected emergencies tend to happen but using credit as an advance won’t do you any good in the long run. Remember, the ABOC rewards program only works for balance transfers and purchases.
  • Be cautious with store cards – store cards come with reward points but they usually include service and annual fees, as well as interest rates
  • Keep an extra eye out for credit card statements – keep all receipts to make sure you avoid any charges you didn’t make, unusual charges you don’t recognize, charges related to debit amounts and duplicate charges
  • Make sure you properly close a credit card account

 

Use your credit card wisely

By being smart about using the ABOC credit card, every user avoids additional fees, charges, interests, and penalties that might cause financial instability or any further problems.

How do you earn points?

Earn points with ABOC credit card

YOUR POINTS. YOUR REWARDS. YOUR WAY.

By making your favorite types of purchases, every ABOC user gets an opportunity to earn 5x points throughout the year.

Similar Rewards Credit Cards

Card name Intro APR Intro APR Period Regular APR Annual Fee Credit Needed
ABOC Platinum Rewards Credit Card 0%* 12 months* 15.15% - 25.15% (Variable)* 0* Good*
Amalgamated Bank of Chicago Union Strong Credit Card 0%* 12 months* 11.50% (Variable)* 0* Good*

Rewards calendar

There’s a rewards calendar where users get extra points based on the categories that change each quarter. Every three months, there’s a different category for earning extra points. The categories are:

  • 1st Quarter: Dining, grocery, and pharmacy
  • 2nd Quarter: Home improvement, home supply, warehouse, and wholesale club purchases
  • 3rd Quarter: Travel, airline, cruise, car rental, hotel, and travel agency purchases
  • 4th Quarter: Automotive parts, service, & repair purchases

 
A user needs to keep track of these categories as they change throughout the year. Even though it might seem that these rotating rewards might be complex, it’s quite easy to get used to tracking them on a quarterly basis. So, a user has the opportunity to earn points on every purchase on a very simple basis: $1 for 1 point.

What are some unique perks?

When it comes to the unique perks of using the ABOC Platinum Rewards credit card, there are many but we will point out the highlights:

aboc credit card benefits

Source: Amalgamated Bank of Chicago

  • The possibility of selecting your own rewards program
  • No annual fee
  • Over 30 million merchants who accept this card worldwide
  • Earn 1 ABOC point for every dollar spent
  • Save up points for big awards
  • 24/7 online account access
  • Works with Android Pay, Samsung Pay, Apple Pay, and Masterpass
  • Make $1200 in purchase in the first three months and receive a $150 statement credit
  • No limit on the points accumulation
  • Points never expire
  • 0% introductory APR on balance transfers and purchases for a year
  • The possibility to win special rewards, redeem rewards and view your point balance
  • Schedule your payments according to your budget
  • Get up to 5 points on groceries, gas and other
  • The possibility of increasing your credit limit
  • Low fees on foreign transactions
  • Free signup
  • Points redemption online for travel, merchandise, statement credits, and gift cards
  • 4 rotating ABOC Platinum Rewards credit card categories
  • Sign-up bonus
  • Mobile banking
  • Mastercard zero liability
  • Earn points with every purchase
  • Late payment won’t raise APR

The final editor’s verdict

  • 0% Intro APR on Purchases and Balance Transfers for 12 months; after that, the variable APR will be 15.15% - 25.15%, based on your creditworthiness
  • Earn 5x rewards on up to $1,500 in combined purchases each quarter in popular categories such as dining, groceries, travel, and automotive
  • No upper limit on the points you can accumulate, and since points never expire, you can save up for a big award!
  • Earn Points on Every Purchase! It's simple: $1 = 1 Point
  • No Annual Fee
  • Select Your Rewards Your Way
  • The card is issued by Amalgamated Bank of Chicago
Intro APR Intro Period Regular APR Annual Fee Credit Needed Rate this Card
0%* 12 months* 15.15% - 25.15% (Variable)* 0* Good*
total votes: 31

With all this in mind, it’s safe to say that the ABOC Platinum Rewards credit card is worth keeping around even if there’s no actual need for it. With some unique perks that aren’t usually found on other fair credit cards, ABOC tends to be an ideal option for all those looking to earn interesting rewards for their purchasing habits while at the same time getting a chance to further strengthen their credit.

ABOC ensures additional financial safety and security as well as stability. With no annual fee and low interests, this credit card can come in handy when you least expect it. By making your everyday purchases, you can actually earn cash back as well as enjoy all sorts of useful benefits while traveling around the world.

Have you had any personal experience with ABOC Platinum Rewards Credit Card?

Summarized ABOC Platinum Rewards Credit Card Review

90%
90%
Good

If you're wondering if this card is a good option for you, it's good to know that the ABOC credit card offers flexible and generous rewards which makes it a very sensible option, especially if you're running on an average credit score.

  • Annual Fee
    10
  • Intro APR (%) Offer
    10
  • Regular APR (%)
    8
  • Rewards Bonus
    8
  • Rewards Program
    9
  • User Ratings (5 Votes)
    4.4
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CREDIT DAD is an independent, advertising-supported website. Many debit cards, credit cards and other financial offers that appear here are from companies from which CREDIT DAD Websites receive compensation. This compensation may impact how and where products appear on this website (including, for example, the order in which they appear). CREDIT DAD Websites do not include all card offers in the marketplace.