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ABOC Platinum Rewards Card Review (Currently Unavailable)

Review Updated
Lindsay VanSomeren
By: Lindsay VanSomeren
Lindsay VanSomeren
Lindsay VanSomeren
Lindsay VanSomeren has been working as a personal finance writer and expert since 2015. Her work has appeared on Business Insider, Credit Karma, LendingTree, Northwestern Mutual, and The Balance, among other publications. She is passionate about making personal finance accessible to everyone by delivering straight talk about financial products. She has a bachelor's degree and a master's degree from the University of Alaska Fairbanks.

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Our Credit Cards Expert

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.

Offer status

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ABOC Platinum Rewards Mastercard Credit Card is currently unavailable for new applications and card details here may be out of date.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.

Ratings Methodology

ABOC Platinum Rewards Mastercard Credit Card

Great for: 0% intro APR

ABOC Platinum Rewards Mastercard Credit Card
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. 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.
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= Excellent
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Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. 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
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good/Excellent (670-850)

Intro APR

Purchases: 0%, 12 months

Balance Transfers: N/A

Regular APR

12.90% - 22.90%, variable

Rewards Circle with letter I in it. 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 Circle with letter I in it. $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.

    • Generous rewards program
    • Nice sign up bonus
    • 0% intro APR
    • Very limited points redemption options
    • 0% Intro APR on Purchases for 12 months; after that the variable APR will be 14.40% – 24.40%, based on your creditworthiness
    • Earn $150 Statement Credit after you spend $1,200 on purchases within the first 90 days from account opening
    • Earn 5x rewards on up to $1,500 in combined purchases each quarter in popular categories such as dining, groceries, travel, and automotive
    • No upper limit on the points you can accumulate, and since points never expire, you can save up for a big award!
    • Earn Points on Every Purchase! It's simple: $1 = 1 Point
    • No Annual Fee or Foreign Transaction Fee
    • Select Your Rewards Your Way
The ABOC Platinum Rewards Mastercard Credit Card is currently unavailable for new applications and card details here may be out of date.

Credit card comparison

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 Circle with letter I in it. 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
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20,000 ThankYou® Points Circle with letter I in it. Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back. Up to 2% cash back Circle with letter I in it. 2% cash back: 1% when you buy plus 1% as you pay

Intro: Circle with letter I in it. N/A

Purchases: N/A

Balance Transfers: 0%, 18 months

Regular: 19.24% - 29.24% (Variable)

Apply Now for Citi Double Cash® Card

On Citi's Secure Website.

Rates & Fees External Link Icon

Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. 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
Best for cash back on rotating categories 		Discover will match all the cash back you've earned at the end of your first year. Circle with letter I in it. N/A 1% - 5% Cashback Circle with letter I in it. 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—automatically.

Intro:

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Regular: 18.24% - 28.24% Variable APR

Apply Now for Discover it® Cash Back

On Discover's Secure Website.

Rates & Fees External Link Icon

Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. 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
Best for cash back 		Up to $300 cash back Circle with letter I in it. Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel℠, 4.5% on dining and drugstores, and 3% on all other purchases. 1.5% - 5% cash back Circle with letter I in it. Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases

Intro: Circle with letter I in it. 0% Intro APR on Purchases and Balance Transfers for 15 months

Purchases: 0% Intro APR on Purchases, 15 months

Balance Transfers: 0% Intro APR on Balance Transfers, 15 months

Regular: 20.49% - 29.24% Variable

Apply Now for Chase Freedom Unlimited®

On Chase's Secure Website.

Full ABOC Platinum Rewards Card review

Top perks

No annual fee

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

0% intro APR for 12 months for purchases

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.

$150 sign-up bonus

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

Up to 5X points

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. 

Broad bonus categories

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:

  • First quarter: monthly bills (including utilities, Netflix, cell phone, etc.)
  • Second quarter: dining and transportation (including restaurants, gas, tolls, bus fares, etc.)
  • Third quarter: travel (including gas, airline tickets, hotels, rideshares, etc.)
  • Fourth quarter: department stores (including Amazon.com, Best Buy, Walmart, etc.)

What could be improved

Points redemption options

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:

Statement credit

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.

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.  

Merchandise

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.

Gift cards

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.

Find the best credit card for your needs

Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.

Compare Cards

ABOC Platinum Rewards Card credit score

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 Card is right for you if:

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:

  • You want the higher rewards of rotating-category cards, but you don't want to remember to activate them. Most rotating-category cards require you to activate them each quarter before you start earning the higher bonus rewards. That's unfortunate if you ramp up your spending only to forget this key detail. You won't have to do that with this card -- you'll earn the bonus rewards automatically. 
  • You want to travel more and use credit cards to get there. You'll get the most value with this card if you redeem your points for travel. Points are worth around $0.013 each, in this case. Even with some of the biggest no-annual-fee travel rewards cards, your points are only worth $0.01 each, so your points will stretch further with this card.

Our credit card methodology

At The Motley Fool Ascent, 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 The Ascent rates credit cards.

FAQs

  • 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.