ABOC Platinum Rewards Mastercard Review
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Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. * See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer. Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.
ABOC Platinum Rewards Mastercard review
Written by June 7, 2022 June 7, 2022Share
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PREV NEXT . Points never expire as long as your account is open and in good standing.Redeeming rewards
To redeem your rewards points, you can use the or call 1-800-927-0100. You can also gift your points to other ABOC Rewards members if you're feeling generous.Other cardholder perks
Since the ABOC credit card provides rewards points with every purchase and doesn't require an annual fee, there's not much to lose by using this card. You can apply points toward any type of reward and can earn a nice statement credit for meeting the spending requirement in the first 90 days.Travel benefits
This card has no foreign transaction fees, making it great to take on your next trip.0 percent intro APR
Get a 0 percent introductory APR for 12 month on purchases. After that, the APR will be a variable 12.90 percent to 22.90 percent based on your creditworthiness.Purchase benefits
Get an extended warranty on your purchases with the ABOC credit card. You also get 60-day price drop protection, where you may be able to get reimbursement for price differences you find for items that were purchased with the card.Digital wallet access
It's easy to use your ABOC Mastercard anywhere thanks to the digital wallet option. It works with Mastercard Click to Pay, a program that facilitates your online purchases. And if you're shopping in person, you'll benefit from contactless payments.Rates and fees
This card has no annual fee and no foreign transaction fees. There is a 0 percent introductory purchase APR period for 12 months. After that, the APR is a variable rate of 12.90 percent to 22.9 percent based on your creditworthiness. Cash advances require a fee of $10 or 5 percent of each advance, whichever's greater. You'll also have a balance transfer fee of $5 or 3 percent of each balance transfer, whichever's greater. Penalty fees are up to $35 for late payments and up to $25 for returned payments.How the ABOC Platinum Rewards Mastercard compares to other rewards cards
ABOC Platinum Rewards Mastercard®
Annual fee Intro offer Earn $150 Statement Credit after you spend $1,200 on purchases within the first 90 days from account opening Rewards rate Earn 5x rewards on up to $1,500 in combined purchases each quarter in popular categories such as dining, groceries, travel, and automotive Earn Points on Every Purchase! It’s simple: $1 = 1 Point Recommended credit A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.Citi Rewards ® Card
on Citi's secure site Annual fee Intro offer Earn 20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com Rewards rate For a limited time, earn 5 ThankYou Points per $1 spent at restaurants up to $6,000 in the first 12 months and 1 ThankYou Point per $1 spent thereafter. Earn 2X ThankYou Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Earn 1X ThankYou Points on All Other Purchases. Recommended credit A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.Chase Freedom Unlimited®
on Chase's secure site Annual fee Intro offer Intro Offer: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back! Rewards rate Enjoy 5% cash back on travel purchased through Chase Ultimate Rewards, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service 1.5% on all other purchases Recommended credit A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product. When you're considering the or credit cards that have no annual fee, you have some other options that may be a better fit. Two to consider are the and the . Both cards have no annual fee and introductory APRs on purchases. With the Citi Rewards+ Card, you can earn two points at gas stations and supermarkets up to $6,000 in purchases per year, then 1 percent. You'll also earn 10 percent of your points back on the first 100,000 points redeemed every year. The Chase Freedom Unlimited card offers strictly cash back rewards, with 5 percent back on travel purchased through Chase Ultimate Rewards, 3 percent on drugstores and dining and 1.5 percent back on all other purchases. For both of these cards, the cash back rewards may be worth more depending on your spending habits compared to the ABOC Platinum Rewards Mastercard. The one downside to both these alternative is they charge a foreign transaction fee of 3 percent per transaction once converted to U.S. dollars. If you want a rewards card with no foreign transaction fees, you may be better off with the ABOC credit card.Best cards to pair the ABOC Platinum Rewards Mastercard with
You may want to pair the ABOC Platinum Rewards Mastercard with a few other rewards cards so you can maximize your rewards based on spending in travel, dining and other categories. With other cards that offer , you can use the appropriate card based on maximized earning potential.Bankrate s Take-Is the ABOC Platinum Rewards Mastercard worth it
If you're an Amalgamated Bank of Chicago fan and want to have a credit card from that bank, the ABOC Platinum Rewards Mastercard is a nice choice. Just pay attention to the rotating categories and make purchases on the ABOC website when possible to earn extra points. Otherwise, research other rewards credit cards to find the best one that will reward your spending habits. You can always use several to maximize points in various categories.Pros and cons
Pros
No annual fee Low introductory APR period No foreign transaction fees Freedom to choose how you redeem rewardsCons
No introductory balance transfer period Points may not be worth as much compared to other rewards cardsON THIS PAGE
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Bankrate.com is an independent, advertising-supported comparison service. The offers that appear on this site are from companies from which Bankrate.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. Bankrate.com does not include the entire universe of available financial or credit offers.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. * See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer. Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.