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ABOC Platinum Rewards Mastercard Credit Card is currently unavailable for new applications and card details here may be out of date.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.
ABOC Platinum Rewards Mastercard Credit Card
Great for: 0% intro APR
Rating image, 4.00 out of 5 stars.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. 4.00/5
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Packs in a robust rewards program for popular spending categories and a competitive 0% intro APR for purchases, all with no annual fee.
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- Generous rewards program
- Nice sign up bonus
- 0% intro APR
- Very limited points redemption options
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- 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℠ |
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Rating image, 5.00 out of 5 stars.
5.00 stars
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. |
Rating image, 5.00 out of 5 stars.
5.00 stars
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. |
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Apply Now for Citi® Double Cash Card – 18 month BT offer
On Citi's Secure Website. |
Apply Now for Chase Freedom Flex℠
On Chase's Secure Website. |
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Credit Rating Requirement: |
Credit Rating Requirement: |
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Welcome Offer: N/A |
$200 |
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Up to 2% cash back |
1% - 5% cash back |
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Intro APR: Purchases: N/A Balance Transfers: 0%, 18 months |
Intro APR: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months |
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Regular APR: 14.74% - 24.74%, variable |
Regular APR: 15.24% - 23.99% Variable |
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Annual Fee: $0 |
Annual Fee: $0 |
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Highlights:
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Highlights:
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Apply Now for Citi® Double Cash Card – 18 month BT offer
On Citi's Secure Website. |
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.
FAQs
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The credit limit on the ABOC Platinum Rewards Mastercard® varies, depending on criteria like income and credit history.
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ABOC is no longer accepting new applications for this card, although customers who already have an ABOC Platinum Rewards Mastercard® can continue to make purchases and to benefit from the features of the card.
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No, the ABOC Platinum Rewards Mastercard® is not a metal credit card.
About the Author
Lindsay VanSomeren has been working as a personal finance writer and expert since 2015. Her work has appeared on Business Insider, Credit Karma, LendingTree, Northwestern Mutual, and The Balance, among other publications. She is passionate about making personal finance accessible to everyone by delivering straight talk about financial products. She has a bachelor's degree and a master's degree from the University of Alaska Fairbanks.
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