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ABOC Platinum Rewards Card Review: Great for a One-Card Wallet

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Offer status

The ABOC Platinum Rewards Mastercard Credit Card is currently unavailable for new applications and card details here may be out of date.

If you're in the market for a rewards credit card or 0% intro APR credit card, you might have overlooked the ABOC Platinum Rewards Mastercard®. But this underdog has a lot to offer: automatic 5X points in rotating categories, a nice sign-up bonus, no annual fee, and a 0% intro APR on purchases.

Great for: 0% intro APR

  • Packs in a robust rewards program for popular spending categories and a competitive 0% intro APR for purchases, all with no annual fee.

    • Generous rewards program
    • Nice sign up bonus
    • 0% intro APR
    • Very limited points redemption options
    • 0% Intro APR on Purchases for 12 months; after that the variable APR will be 14.40% – 24.40%, based on your creditworthiness
    • Earn $150 Statement Credit after you spend $1,200 on purchases within the first 90 days from account opening
    • 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 or Foreign Transaction Fee
    • Select Your Rewards Your Way

Full ABOC Platinum Rewards Card review

Top perks

No annual fee: This card comes with a lot of benefits, and you won't have to pay an annual fee to get them. 

0% intro APR for 12 months for purchases: You'll also get a full 12 months before you have to pay any interest on purchases.

$150 sign-up bonus: If you spend at least $1,200 on purchases within the first three months of getting this card, you'll receive a statement credit for $150. That spending threshold is a little higher than what some other no-annual-fee rewards cards require, but the amount of the reward is comparable.

Up to 5X points: There are several cards that offer 5% cash back in rotating quarterly categories. The ABOC Platinum Rewards Mastercard® differs in a couple of ways. First, there's no need to opt-in to earn more: any bonus category spending automatically counts. And instead of earning 5% cash back, you earn 5X points on spending in bonus categories ($1,500 quarterly spending cap), which may be worth more or less, depending on how you redeem them. 

Broad bonus categories: Other rotating-category cards offer bonuses for narrower categories like fitness clubs, gas stations, or Uber and Lyft. The ABOC Platinum Rewards Mastercard® bonus categories cast a wider net:

  • First quarter: monthly bills (including utilities, Netflix, cell phone, etc.)
  • Second quarter: dining and transportation (including restaurants, gas, tolls, bus fares, etc.)
  • Third quarter: travel (including gas, airline tickets, hotels, rideshares, etc.)
  • Fourth quarter: department stores (including Amazon.com, Best Buy, Walmart, etc.)

What could be improved

  • Points redemption options: Your mileage may vary with the points you earn -- literally. You can redeem points through the ABOC rewards portal, but not all options are competitive with other rewards cards, including the redemption value for statement credits. The redemption values are as follows:
  • Statement credit: You can redeem your points for a statement credit for a flat rate of $0.0075 per point. That's around half of what your points are worth if you redeem them for travel.
  • Travel: The exact amount of points to redeem airfare, hotels, car rentals, and cruises may differ. According to a company spokesperson, however, you can expect a redemption value of around $0.013 per point in this category, which is very good.  
  • Merchandise: Although it's not a popular redemption method, you can redeem your points for merchandise. This largely consists of "union-themed apparel, coffee mugs, etc." It may be hard to find gems in this category.
  • Gift cards: The higher the value of the gift card you redeem, the fewer points it'll take. You can redeem gift cards starting at 3,250 points for $25 ($0.0077/point) all the way up to 50,000 points for a $500 gift card ($0.01/point).

Find the best credit card for your needs

Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.

ABOC Platinum Rewards Card credit score

The ABOC Platinum Rewards Mastercard® is best for people with at least a good credit rating. According to FICO, that translates into a score of 670 or better. This makes the card easier to qualify for than some of its competitors, especially if you have a lower credit score. Worth noting: Approval depends on a combination of other factors, including your income level and other aspects of your credit report.

Alternatives to consider

  • If you want a longer interest-free runway: The Citi® Double Cash Card – 18 month BT offer gives you a full 18 months to pay off balance transfers with a 0% intro APR. It also offers 2% cash back (1% when you buy something, and another 1% when you pay off the charge) on purchases, so you don't have to worry about tracking rotating categories every few months. 
  • If you want an easier-to-earn bonus: The Chase Freedom Flex℠ card offers premium cash back, as well as it has a great 0% intro APR and a better sign-up bonus.
As of May. 17, 2022
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Citi® Double Cash Card – 18 month BT offer Chase Freedom Flex℠
Apply Now for Chase Freedom Flex℠

On Chase's Secure Website.

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Welcome Offer:

N/A

Welcome Offer: Info Icon Circle with letter I in it.

$200

Rewards Program: Info Icon Circle with letter I in it.

Up to 2% cash back

Rewards Program: Info Icon Circle with letter I in it.

1% - 5% cash back

Intro APR:

Purchases: N/A

Balance Transfers: 0%, 18 months

Intro APR:

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Regular APR:

14.74% - 24.74%, variable

Regular APR:

15.24% - 23.99% Variable

Annual Fee:

$0

Annual Fee:

$0

Highlights:

  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 14.74% - 24.74%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
  • The standard variable APR for Citi Flex Plan is 14.74% - 24.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.

Highlights:

  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • 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, and unlimited 1% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.24% - 23.99%.
  • No annual fee - You won't have to pay an annual fee for all the great features that come with your Freedom Flex℠ card
  • Keep tabs on your credit health - Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.
Apply Now for Chase Freedom Flex℠

On Chase's Secure Website.

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This credit card is right for you if:

The ABOC Platinum Rewards Mastercard® is one of the more underrated rewards cards, and that's why we think it deserves your consideration. That said, there are some people it might serve better than others. That might be you if:

  • You want the higher rewards of rotating-category cards, but you don't want to remember to activate them. Most rotating-category cards require you to activate them each quarter before you start earning the higher bonus rewards. That's unfortunate if you ramp up your spending only to forget this key detail. You won't have to do that with this card -- you'll earn the bonus rewards automatically. 
  • You want to travel more and use credit cards to get there. You'll get the most value with this card if you redeem your points for travel. Points are worth around $0.013 each, in this case. Even with some of the biggest no-annual-fee travel rewards cards, your points are only worth $0.01 each, so your points will stretch further with this card.

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