ABOC Platinum Rewards Card Review: $150 Bonus, No Annual Fee & 5% Categories

Amalgamated Bank of Chicago issues the ABOC Platinum Rewards Credit Card. It’s a card similar to Discover it and Chase Freedom as it offers the option to earn 5% on rotating quarterly categories with no annual fee. It also comes with a $150 signup bonus.

ABOC Platinum Rewards Card Review

Signup Bonus

Get a $150 Statement Credit after making purchases totaling $1,200 within the first 90 days from account opening.

Card Benefits

ABOC Platinum Rewards Card Review

  • Earn 5x rewards on up to $1,500 in combined purchases each quarter in popular categories such as dining, groceries, travel, and automotive.
    • January-March: Dining, Grocery, and Pharmacy
    • April-June: Home Improvement (including wholesale clubs)
    • July-September: Travel
    • October-December: Automotive
  • Earn 1x rewards on all other purchases
  • No upper limit on the points you can accumulate, and since points never expire, you can save up for a big award
  • Enjoy 0% intro APR on purchases and balance transfers for 12 months. You must transfer your balance within 90 days of your account open date for the promotional APR to apply.
  • No Foreign Transaction Fees

Value of Rewards

Your rewards include travel, cash (in the form of a statement credit), gift cards, and merchandise. Redemption values for these reward options may vary, but they’re usually between 0.75¢ and 1¢ each.

  • 1¢pp through Travel Portal
  • 0.75-1¢pp on Gift Cards
  • 0.75¢pp for Statement Credit

Annual Fee

No annual Fee (see Pricing & Rewards Information)

Applying for the Card

Application Link

This offer is only valid for new accounts.

Guru’s Wrap-up

I’m not very familiar with the Amalgamated Bank of Chicago, so I’m not sure how strict they are when it comes to approvals. But I would think that it shouldn’t be that difficult. The card is similar to other cards with 5% rotating categories, but the points are worth 1 cent or less each. The signup bonus of $150 is also similar to those cards. It could be a decent option to have for 5% bonused spending. Let me know if you have the card or have dealt with this bank in the past.

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