ABOC Platinum Rewards Card 2021 Review: Earn 5x Rewards


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. 

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.

$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.

Up to 5X points: There are several cards that offer 5% cash back in rotating quarterly categories. The ABOC Platinum Rewards Mastercard® 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® 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.)
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View more information: https://www.fool.com/the-ascent/credit-cards/aboc-platinum-rewards-mastercard-review/

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