ABOC Platinum Rewards Credit Card Review

ABOC Platinum Rewards Credit Card is a rewards credit card issued by Amalgamated Bank of Chicago. If you're wondering whether ABOC Platinum Rewards Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• Generous reward rate. You will get a a rewards rate of 5 points per dollar spent.
• Earn 1 point for every dollar spent on everyday purchases. Terms and conditions apply.
• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 18 months, which is longer than the average 0% APR period of 12 months.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Signup bonus. Offers a signup bonus of $150 if you spend $1200.
• Competitive APRs. ABOC Platinum Rewards Credit Card has a variable purchase APR that ranges from 14.4% up to 24.4%.
• No annual fee. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. ABOC Platinum Rewards Credit Card charges a fee of up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $30 in transfer fees. The minimum fee is $5.
• Multiple credit card benefits. Includes generous credit card perks, such as emergency support, extended warranty protection on purchases, price protection, and fraud protection.
• Good or better credit required. You should probably try with another card if your credit score is below 700.

ABOC Platinum Rewards Credit Card Pros and Cons:

The Good

The Bad

Lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 18 months. 0% APR on new purchases during the first 12 months. No annual fee. Multiple credit card perks. Extended warranty and price protection on purchases. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. ABOC Platinum Rewards Credit Card reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.

Minimum cash advance fee of $10. Requires good to excellent credit. Charges a 3% balance transfer fee.

Is there a ABOC Platinum Rewards Credit Card cash back or rewards program?

ABOC Platinum Rewards Credit Card offers a rewards program to its customers.

ABOC Platinum Rewards Credit Card Rewards

Rewards rate (all purchases)	1%
Max rewards rate	5%
Annual rewards limit	N/A
Signup Bonus ($)	$150
Signup Bonus Spend Requirement	$1200

What are the ABOC Platinum Rewards Credit Card benefits?

ABOC Platinum Rewards Credit Card provides the following benefits:

• Emergency Support
• Extended Warranty Protection
• Zero fraud liability
• Price Protection
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for ABOC Platinum Rewards Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. ABOC Platinum Rewards Credit Card has lower than average purchase APRs.

ABOC Platinum Rewards Credit Card has a variable purchase APR that ranges from 14.4% up to 24.4%. The card has a variable balance transfer APR that ranges from 14.4% up to 24.4%. It also has a variable cash advance APR of 26.49% .

What are the ABOC Platinum Rewards Credit Card fees?

The following fees apply to ABOC Platinum Rewards Credit Card:

ABOC Platinum Rewards Credit Card Fees

Fees	Amount
Annual Fee	$0
Returned Payment Fee	up to $25
Late Payment Fee	up to $35

Does ABOC Platinum Rewards Credit Card report your account activity to credit bureaus?

ABOC Platinum Rewards Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for ABOC Platinum Rewards Credit Card

• Visit the ABOC Platinum Rewards Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.