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 flex card also incorporate rotating rewards categories. The difference is the Chase Freedom Flex requires Good credit or better.
You’ll need to register your card at ABOCRewards.com for the bonus rewards.
Here are the current quarters and their categories for this year:
Earn 5% cashback on your first $1,500 in combined purchases each quarter.
Below are the cash back categories for 2021:
- January-March 2021: Health & Wellness (Valid 1/1/21 – 3/31/21)
- Earn 5x points on qualifying groceries, fitness clubs, hospitals, and pharmacies. Must have a registered account at abocrewards.com.
- April-June 2021: Spring Spruce-Up (Valid 4/1/21 – 6/30/21)
- Earn 5x points on qualifying home improvement, gardening, Amazon.com, and other major online retailers. Must have a registered account at abocrewards.com.
- July-September 2021: Travel (Valid 7/1/21 – 9/30/21)
- Earn 5x points on qualifying airline, cruise, car rental, hotel, travel agency purchases, gas, tolls, and ride share. Must have a registered account at abocrewards.com.
- October-December 2021: Enjoy The Holidays (Valid 10/1/21 – 12/31/21)
- Earn 5x points on qualifying dining and groceries, food delivery services, liquor stores, and Amazon.com. Must have a registered account at abocrewards.com.
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 FlexSM offers 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.
• 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% 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. You'll be able to new 5% categories each quarter!
This card has no annual fee.
The Chase Freedom Unlimited® Card offers a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases.
In addition, you can earn:
• 5% on travel purchased through Chase,
• 3% on dining at restaurants and drugstores, and
• Unlimited 1.5% cash back on all other purchases.
There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open.
This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM.
The American Express® Gold Card offers 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months.
You'll have the opportunity to earn 4X Membership Rewards® points when you dine at restaurants worldwide & at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X); 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
This card has an annual fee of $250 with no foreign transaction fees. Some benefits including earning up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. In addition, a $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
The Blue Cash Preferred® Card from American Express offers a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
You'll earn 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases. In addition, you'll earn 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses & more.
The card does come with a $95 annual fee. (See Rates & Fees)
The Blue Cash Everyday® Card from American Express offers $100 back after you spend $1,000 in purchases on your new Card within the first 6 months.
Plus, earn 20% back on purchases at Amazon.com on the Card in the first 6 months, up to $200 back.
You'll earn 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%), 2% cash back at U.S. gas stations and at select U.S. department stores, and 1% back on other purchases.
Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits.
There are no annual fees with this card (See Rates & Fees).
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
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