ABOC Platinum Rewards Card Review (Currently Unavailable)
Review
Updated
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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ABOC Platinum Rewards Mastercard Credit Card is currently unavailable for new applications and card details here may be out of date.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 Credit Card. But this underdog had 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.
Great for: 0% intro APR
Good/Excellent (670-850)
Intro APR
Purchases: 0%, 12 months
Balance Transfers: N/A
Regular APR
12.90% - 22.90%, variable
Rewards 5x rewards on up to $1,500 in combined purchases each quarter in popular categories such as dining, groceries, travel, and automotive. 1x rewards on other purchases.
1x - 5x rewards
Annual Fee
$0
Welcome Offer $150 statement credit after you spend $1,200 on purchases within the first 90 days from account opening
$150
Packs in a robust rewards program for popular spending categories and a competitive 0% intro APR for purchases, all with no annual fee.
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
| Offer | Our Rating | Welcome Offer | Rewards Program | APR | Learn More |
|---|---|---|---|---|---|
|
Rating image, 4.50 out of 5 stars.
4.50/5
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.
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.
= Best
= Excellent
= Good
= Fair = Poor |
Discover will match all the cash back you’ve earned at the end of your first year. | 1% - 5% Cashback Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases. |
Intro: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months Regular: 18.24% - 27.24% Variable APR |
|
|
Rating image, 5.00 out of 5 stars.
5.00/5
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.
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.
= Best
= Excellent
= Good
= Fair = Poor |
$200 cash rewards Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. | 2% cash rewards Earn unlimited 2% cash rewards on purchases. |
Intro: 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers Purchases: 0% intro APR, 12 months from account opening Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers Regular: 19.24%, 24.24%, or 29.24% Variable APR |
|
Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
Rating image, 4.00 out of 5 stars.
4.00/5
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.
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.
= Best
= Excellent
= Good
= Fair = Poor |
25,000 points 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases | 1.5-3 points per dollar Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees, and your points don't expire as long as your account remains open. Earn 3 points per $1 spent on travel purchases booked through the Bank of America Travel Center. |
Intro: 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers. Balance transfers may not be used to pay any account provided by Bank of America. Purchases: 0% Intro APR for 15 billing cycles for purchases Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days Regular: 18.24% - 28.24% (Variable) |
Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
This card comes with a lot of benefits, and you won't have to pay an annual fee to get them.
Read more: Best No Annual Fee Credit Cards
You'll also get a full 12 months before you have to pay any interest on purchases, a nice benefit of a card with a 0% intro APR offer.
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.
Learn more: Best Sign-Up Bonus Credit Cards
There are several cash back credit cards that offer 5% in rotating quarterly categories. The ABOC Platinum Rewards Mastercard Credit Card 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.
Other rotating-category cards offer bonuses for narrower categories like fitness clubs, gas stations, or Uber and Lyft. The ABOC Platinum Rewards Mastercard Credit Card bonus categories cast a wider net:
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:
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.
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.
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.
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).
For more options, take a look at our picks for the best credit cards.
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
The ABOC Platinum Rewards Mastercard Credit Card 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.
Read more: Best Credit Cards for Good Credit
The ABOC Platinum Rewards Mastercard Credit Card 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:
At Motley Fool Money, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how Motley Fool Money rates credit cards.
The credit limit on the ABOC Platinum Rewards Mastercard Credit Card varies, depending on criteria like income and credit history.
ABOC is no longer accepting new applications for this card, although customers who already have an ABOC Platinum Rewards Mastercard Credit Card can continue to make purchases and to benefit from the features of the card.
No, the ABOC Platinum Rewards Mastercard Credit Card is not a metal credit card.
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