ABOC Platinum Rewards Credit Card Review (New Card, 5x on Rotating Categories, $150 Offer)

ABOC (Amalgamated Bank of Chicago) Platinum Rewards Credit Card Review

2019.2 Update: This card is revamped recently, and becomes a 5x card on rotating categories.

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  1. $150 offer: earn $150 statement credit after spending $1,200 within the first 3 months.
  2. Earn 5x ABOC points each quarter on purchases in rotating categories, and 1x point on all other purchases. Activation is required. The bonus categories in 2019 are: 
  3. The value of the ABOC points depends on how you redeem them. They are worth slightly less than 1 cent/point in general.
    1. When redeeming for statement credit, the value is fixed 0.75 cents/point. $25 minimum.
    2. When redeeming for gift cards (including Amazon, Albertsons, etc.), the value is 0.77~0.93 cents/points. The detailed redemption options are: 3,250 pts = $25; 6,250 pts = $50; 10,750 pts = $100.
    3. When redeeming for travel, the value is fixed 1 cent/point. The travel items can be booked using a combination of rewards points and charges to your ABOC card. A minimum of 15,000 pts for flights or 5,000 for other travel must be used if combining points and card charges.
  4. No annual fee.


  1. Only first $1,500 purchases per quarter on bonus categories can earn 5x points, after that you can only earn 1x.
  2. It has foreign transaction fee, so it's not a good choice outside the US.

Recommended Application Time

  1. We recommend you apply for this card after you have a credit history of at least two years and you are very comfortable with the credit card game.


This is a new 5x card on rotating categories. It is similar to Chase Freedom, Discover it and US Bank Cash+. The value of the ABOC points are slightly less than 1 cent/point in general, and the redemption is more complicated than a pure cash back card. However, the bonus categories for each quarter are very useful. Therefore I think one more 5x card is worth considering.

Historical Offers Chart

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