From the Amalgamated Bank of Chicago, new cardholders can now apply for the ABOC Platinum Rewards Credit Card to receive a $150 statement credit after $1,200 in purchases within the first 90 days.
Cardholders earn 5X rewards on up to $1,500 in combined purchases each quarter in popular categories. Examples include dining, groceries, travel and automotive. Plus, there is no annual fee.
0% Intro APR on Purchases for 12 months; after that the variable APR will be 12.90% – 22.90% (V), based on your creditworthiness.
This credit card is unique as it offers good rewards as it’s available for those with average credit. However, if you have good credit above 690, another rewards card will probably be more beneficial.
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About Amalgamated Bank Of Chicago
For almost 100 years, Amalgamated Bank of Chicago has developed deep ties to their customers and their community, serving the banking needs of countless businesses, organizations, institutions and individuals, many for multiple generations. These relationships are based on profound trust, in-depth understanding and highly personal and responsive service provided by their experienced bankers.
ABOC Platinum Rewards Credit Card Features
The ABOC Platinum Rewards Credit Card offers $150 Statement Credit after you spend $1,200 on purchases within the first 90 days from account opening.
You'll 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.
This card has no annual fee and no foreign transaction fees.
Earning The $150 ABOC Platinum Rewards Bonus
Earn the $150 bonus by spending $1,200 on purchases within the first 90 days from account opening. This bonus is competitive against many top credit cards without an annual fee.
It’s actually quite a nice offer coming from a card where all you need is Average credit or better.
Here are some ideas on meeting the spending requirement:
|• Plastiq: Plastiq allows you to pay for expenses that you generally won’t be able to with your card like rent, tuition, auto lease, mortgage payment, and more. There’s a 2.5% processing fee for using your credit card. However, this’ll be worth the card bonus you’ll get. There’s also a referral program where you can earn “Fee-Free Dollars” to use towards processing fees. See our Plastiq review.|
|• Fund Checking accounts with your card: Many banks will allow you to fund the opening deposit with a credit card. Consider opening Checking accounts that also offer a sign-up bonus. This way, you can work towards bonuses from two different sources. Big banks like Chase, HSBC, Huntington, and TD Bank have great offers and allow credit card funding. You can generally fund anywhere from $50 to $1,000 towards the opening deposit with a credit card, depending on the bank.|
|• Buy gift cards: Consider buying gift cards with your credit card that you can then spend later at your leisure. Individual merchant cards (restaurants, gas stations, supermarkets, etc.) generally don’t have purchase fees, so this is a plus. On the other hand, American Express and Visa gift cards will have purchase fees. Amazon gift cards are a great idea as you can shop for almost anything there with no purchase fees either. Unfortunately, Citi credit cards tend to code gift card purchases as Cash Advances and there’ll be a fee. Call in to customer service and lower your Cash Advance limit to $0 before purchasing gift cards. You can also buy discounted gift cards as well from Raise or find gift cards on eBay.|
|• Everyday spending & bills: Always using your credit card for everyday spending, such as for dining, gas, groceries, etc. You can also use your credit card to pay for things like insurance bills, property taxes and income taxes. However, you’ll have to consider the convenience fees.|
ABOC Platinum Rewards Bonus Rewards Categories
You’ll be able to earn 5X points on up to $1,500 in combined purchases each quarter on rotating categories. Top cards like the Chase Freedom card also incorporate rotating rewards categories. The difference is the Chase Freedom requires Good credit or better.
You’ll need to register your card at ABOCRewards.com during the first half of 2019 for the bonus rewards.
Here are the current quarters and their categories for this year:
Earn 5x points on qualifying grocery, pharmacy, and restaurant purchases. Must have a registered account at ABOCRewards.com.
Earn 5x points on qualifying home improvement, home supply, warehouse and wholesale club purchases. Must have a registered account at ABOCRewards.com.
Earn 5x points on qualifying airline, cruise, car rental, hotel, and travel agency purchases. Offer activation required.
Earn 5x points on qualifying automotive parts, service and repair purchases. Offer activation required.
Looking for an alternative credit card option from a lesser known bank? The ABOC Platinum Rewards Credit Card offers a generous $150 statement credit for a limited time. Amalgamated Bank of Chicago has pride in their excellent customer service. This is the perfect opportunity to form a long-time banking relationship with a trusted bank.
Though, if you’re looking for something else, check out our complete list of Credit Card Promotions for all of your credit card necessities!
(Visit ABOC for more details)
Other Credit Cards To Consider
The Chase Freedom® Card offers a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
You'll earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and an unlimited 1% cash back on all other purchases. You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
This card has no annual fee and you'll get a free credit score that's updated weekly with Credit JourneySM.
With the Discover it® Cash Back:
• Get a $50 Statement Credit with your first purchase within 3 months.
• Earn 5% Cash Back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more, up to the quarterly maximum, each time you activate. Plus, earn unlimited 1% cash back on all other purchases — automatically.
• Low Intro APR: 0% Intro APR for 14 months on purchases, then a variable rate, currently 14.24% – 25.24% APR, applies.
• With Cashback Match™, Discover will match all the cash back you've earned at the end of your first year, automatically.
• No Annual Fee.
• Terms Apply.
• See Rates & Fees
Alternative For Fair – Good Credit:
With the Capital One® Platinum Credit Card:
This card can help build your credit with responsible card use and be automatically considered for a higher credit line in as little as 6 months
You'll have 24/7 access to your account and be covered with fraud coverage if your card is lost or stolen.
You're able to pay by check, online or at a local branch, all with no fee - and pick the monthly due date that works best for you
This card comes wit no annual fee.
With the Journey® Student Rewards from Capital One®:
You can build your credit with responsible use and be automatically considered for a higher credit line in as little as 6 months. You'll get the option to pick the monthly due date that works best for you.
You'll earn 1% cash back on all your purchases. Pay on time to boost your cash back to a total of 1.25% for that month. And there's no limit to the amount of cash back you can earn, and rewards won't expire for the life of the account.
This card comes with no annual fee and no foreign transaction fees.
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