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June 20, 2019 9:00 AM PT

ABOC Platinum Rewards Card Review

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Credit cards everywhere offer reward programs in the form of airline miles, cash back, and other unique perks. With most cards, you have to earn enough through spending to cover the annual fee. Not with the Platinum Rewards Credit Card from ABOC, however.

ABOC offers great introductory bonuses for new cardholders.

  • $150 Statement Credit when you make $1,200 in eligible purchases within the first 90 days.

  • 0% intro APR for Purchases for 12 months. After that, your variable APR will be 14.40% to 24.40% based on your creditworthiness.

  • 0% intro APR for Balance Transfers for 12 months (you'll still have to pay a 3% fee with a minimum of $5). After that, your variable APR will be 14.40% to 24.40% based on your creditworthiness.

Categories with 5x Reward Points

ABOC's Platinum Rewards Credit Card rotates their reward categories. You can earn 5x points on up to $1,500 in combined purchases each quarter. After the initial $1,500, you'll revert to their standard point per dollar spent system (more on that below).

Their categories change quarterly.

Here are the categories for 2019:

Date RangeBonus Categories
January, February, and MarchGrocery, Pharmacy, and Restaurant
April, May, and JuneHome Improvement, Home Supply, Warehouse, and Wholesale Club
July, August, and SeptemberAirline, Cruise, Car Rental, Hotel, and Travel Agency
October, November, and DecemberAutomotive Parts, Service, and Repairs

Other Perks

  • No Annual Fee (See Rates and Fees)
    There's no cost to keeping this card open. You'll never have to worry about getting enough use out of it each year.

  • Earn Points on Every Purchase
    In addition to the quarterly bonus categories, you'll be earning 1 point per dollar spent on all other transactions. While it's not as high as some other cards offer, it's an easy way to be rewarded for your purchases.

    You can redeem your points for statement credits, gift cards, merchandise, cruises, and airfare. Your point values are a little different depending on what category you choose to redeem them in, with travel being the best.

    Points CategoryPoints Value
    Travel1 cent per point when booked within the ABOC portal
    Gift Cards.77-.93 cent per point depending on the merchant
    Statement Credit.75 cent per point

  • Unlimited Points with No Expiration
    The quarterly bonus categories have limits. But the standard point per dollar rewards are limitless. Plus, they don't expire as long as your account is open and in good standing.

  • Extended Warranty
    When you use your ABOC Platinum Rewards card to purchase something with a warranty, you may be covered by an extended warranty. If your eligible item becomes defective after the manufacturer's warranty has expired, you can submit a claim online.

  • Price Protection
    If you find a lower advertised price on an eligible item purchased within the last 60 days using your Platinum Rewards card, you may be entitled to reimbursement for the difference.

  • No Foreign Transaction Fees

Drawbacks of ABOC's Platinum Rewards Card

  • Rotating Categories
    Cards with changing bonus reward categories can be difficult to manage. You need to keep track of which categories earn more during which quarters. And you must register for the new categories starting July 1st.

  • Categories Are Selected by ABOC
    Like most cards offering bonus reward categories, the categories are preselected for you. You'll have no control over what bonus categories are active during a given time. Plus, the categories offered by ABOC might not always be relevant to your situation.

  • The Organized Type
    This card offers rotating bonus reward categories. That requires some extra planning and effort on your end. But the 5x points can make it worthwhile.

  • Making a Large Purchase
    The introductory rate for purchases is 0% APR for 12 months. If you have a large purchase to make, taking advantage of this perk can help you avoid paying some interest.

  • Considering a Balance Transfer
    For 12 months, the APR for balance transfers is 0%. But you'll still incur a fee of 3% with a minimum of $5. If you utilize the 12 months wisely, you can avoid paying a lot of interest on some existing debt.

Consider Another Card if You…

  • Travel Frequently
    This credit card doesn't provide any special bonuses or perks for travelers. There are plenty of great travel cards that can provide extra bonuses and rewards for a comfortable travel lifestyle.

  • Can't Manage the Categories
    If you don't want to stay up-to-date on categories, consider a card that offers a simplistic reward program. Cash-back cards, like the Chase Freedom Unlimited, offer a flat rate for earning rewards. The Freedom Unlimited card offers a higher standard cash back rate of 1.5% without having to worry about categories.

  • Want Different Categories
    If the categories at ABOC don't fit your lifestyle, then you may want to consider another card to maximize your rewards. Discover offers a card like this. The bonus reward category for the last quarter of 2019 is Amazon, just in time for holiday shopping.

Bottom Line

The Platinum Rewards Credit Card from ABOC is a great offer for people looking to maximize their rewards each year. It offers a substantial 5x bonus for rotating categories and comes without an annual fee. The introductory APR for both purchases and balance transfers gives new cardholders a nice way to eliminate some interest expense from their budget.

ABOC's card doesn't offer great options for frequent travelers or people who aren't willing to put the work in on their rotating categories. If those things apply to you, you might want to consider another option. Overall, this card has a lot of benefits while not costing anything to keep in your wallet.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Chase. This site may be compensated through the Advertiser's affiliate programs.

Editorial Note: This content is not provided by Discover. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Discover.

Editorial Note: This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

Disclaimer: The information for the Discover it® Cash Back and Citi® Double Cash Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.49 - 25.24%.
  • 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5.
  • No annual fee
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 15 months
0% for 15 months
16.49% - 25.24% Variable

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