Is this the best credit card for travel?

ABOC Platinum Rewards Mastercard® credit card belongs to the bank of Chicago. The “A” from ABOC platinum Card stands for A-MAL-GA-MATED bank of Chicago. This card has no annual fees and gives you rewards by using a formula. The formula is that you will get 5 points per dollar on purchases using this credit card up to 1500$. Otherwise, you will get 1 point per dollar on everything else.   

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For example

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In the second quarter of 2020, ABOC Platinum Rewards Mastercard Credit Card was offering 5 points per dollar on the purchases. It includes spending from grocery stores, banqueting, expenses of transportation. Such as filling gas, enjoying ridesharing services and mass transit. Whereas in the second quarter of 2021, this credit card is offering 5 points per dollar on warehouse clubs. Also from costco.com, walmart.com, target.com and spending on furnishing homes which includes home equipping stores and gardening stores and etc.

Is ABOC Platinum Reward Mastercard Credit Card good for travel?

If you love to travel around, then yes, ABOC Platinum Rewards Mastercard Credit Card is the best card for you. Especially because you can redeem this card for traveling. On the contrary, it is less substantial when you redeem for cashback. So, if you want a good credit card for cash back, then AMEX Blue Cash Back Credit Card can be a good choice for you. 

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Other Rewards

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ABOC Platinum Rewards Mastercard Credit Card is a Mastercard, so it comes with its benefits. There is no annual fee for this card so you can give it a try for free. Also, you can continue its use to get benefits from it. It does come up with the sign-up bonus. The sign-up bonus is 150$ as a statement credit after spending 1,200$ for the first 90 days. All of this is awesome.

The APR rate is 0% on the first year of purchasing and transferring. Afterward, the APR rate will be from 12.00% to 20.99%. Which can vary because of marketplace rate depending on Prime Rate. This card is basically a travel card because it provides the best amount of redemption on travel purchases. Such as flights, hotels, trip packages and rental cars.

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The redemption point is not only significantly beneficial for traveling. But also gift cards, merchandise and statement credits. Another benefit of this card is that you can easily transfer your points to other reward members of the ABOC Platinum Rewards Mastercard Credit Card. And you do not need to worry about the expiry of your points because there is none. This card provides 5X on few categories which are displayed on the yearly quarter calendar that changes every year.

Points Break Down

Yearly quarter calendar of ABOC Credit Card by ABOC's official website
Yearly quarter calendar of ABOC Credit Card by ABOC’s official website

Let’s break down the amount you will get on each point. According to the official website of this credit card when you redeem for travel purchases like holiday packages, rental carriages, guesthouses, and flights. You will get the best rate in a 1:1 ratio which means 1 cent for each point. Although when you redeem for merchandise and statement credits you will get 0.75 cents on each point. Also, for gift cards the amount varies from 0.75 to 1 cent on each point.

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Who should buy this credit card?

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The people who want 5X on certain purchases, although this service is also provided by certain other credit cards, want you to activate the bonus categories every quarter for services while this card does not need activation. If you are a person who is tired of trying to reward credit cards with high annual fees, then this card is for you. It provides a 0$ annual fee so that you can get benefited from the rewards without spending money on annual fees.

Another good reason for buying ABOC Platinum Rewards Mastercard Credit Card is the bonus you get after purchasing the card which is 150$ as a statement credit after spending 1,200$ for the first 90 days. Last but not the least reason is the travel-friendly nature of this card. This credit card has no international transaction fee and provides many more benefits over traveling. Therefore, this credit card can be your best friend while traveling.

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Who should not buy this credit card?

The people who do not like to travel or have no time for traveling should not go for this credit card. Because this card provides the best redemption rate for traveling only however as a whole the redemption rate for purchases other than traveling is really poor. If you want a good credit card for an overall good redemption rate, then you can go for Citi® Double Cash Card.

The second reason for not buying it is the high credit requirements. This credit card requires high credit scores to get qualify which is not a good thing for everyone. Another bad news for the new users is that due to the economic state of the bank during this pandemic the bank has temporarily suspended its offer of 0$ APR on the bank transfer. Although this restriction is limited for a certain time period, it can still affect your decision of purchasing it.

The last reason for not buying it can be rotational offers which means various offers are being rotated in quarterly year calendar. You might get confused about the 3-month plan of categories regarding purchases, or do not really like this rotation by keeping the track of bonuses. Then you can go for another flat credit card whose offers do not change over every 3 months and you can easily settle for some permanent offers according to your need.