Okay so there's a new credit card called the ABOC Platinum rewards credit card
this credit card is from a bank in Chicago so we're gonna be talking about
this particular credit card in this video but before we get started I have a
quick message.
Welcome to another video if you're new here my name is Duane with how to build
credit tv.com and on this channel we talked about everything you need to know
about credit, credit cards and how to make money using credit cards. So if this
sounds like something which you're interested be sure to subscribe to our
channel and click that notification bell so you don't miss a thing. Okay so the
ABOC Platinum rewards credit card is a new credit card from this Bank in
Chicago. Now that a in the ABOC stands for Amalgamated Bank of Chicago now I
really don't want to say that a lot more because I'm not sure if that's correct
but that's what I'm gonna go with. I use my Hooked on Phonics skills and that's
what I came up with. So we're gonna have a look at that particular credit card
the ABOC Platinum rewards credit card. So this particular credit card is a
credit card that has no annual fee. It actually has a pretty sweet introductory
offer where you pay no interest at all for the first 12 months and this
includes on your purchases as well as your balance transfer. And you actually
have the ability to get $150 statement credit once you spend $1200 within the
first three months of having this particular card. Now what I think is
pretty cool about this card is it actually allows you the ability to earn
five times points or 5% back on certain categories. So it's a quarterly card
where basically you can earn five times or 5% back based on certain categories
throughout the year. So me personally I love 5% cash back cards and I love
credit cards that have you know the categories that you can choose and get
5% on certain purchases. I'm a huge discover it card fan I'm a huge chase
freedom fan. As a matter of fact I made over $1700 on my Discover card because
of course Discover does offer cashback match. Now this particular credit card
from ABOC does not have cashback matching which is fine. But it's a pretty
decent credit card so what I'm gonna do because I don't want to screw up any of
the details is I'm gonna jump on over to my laptop so we can have a look at the
website to make sure I give you all the information that you need in regards to
the ABOC platinum rewards credit card. So give me one second I'll see you over
on the laptop. Okay so as you can see we're
at the website here to have a look at the ABOC Platinum rewards credit card
so I'm actually at the bank's website and I'm only gonna try to say this once
the name of the website or the name of the bank is a mal donated Bank of
Chicago. I hope that's right I have no idea but there was I said it one time
otherwise I'm just gonna mention it as ABOC platinum rewards credit card. So this
bank has been in business for a long time they actually have a lot of history.
So I'm at the website because I wanted to show you that this is a secured site
as you can see at the top left here. This little lock means that this is a secured
site so you can trust it if you're interested in coming here and getting
your credit card from ABOC bank. So anyway let me go ahead and click on the
platinum card here because I want to show you all the details I want to make
sure that I don't miss anything. So I clicked on that it's gonna open this
page here and on this page as you can see it says ABOC Platinum rewards credit
card. You get $150 statement credit when you open the card and you spend $1,200
within the first 90 days. You also have 0% intro APR on purchases and balance
transfers. That is a pretty sweet deal and of course there's no annual fee. I
love the fact that there's no annual fee because that's right up my alley no
annual fee is perfect for me. Another thing that I want to show you guys here
so after you have the 0% introductory APR on purchases and balance transfers
for 12 months after that your rates gonna be 15.15% to 25.15%
This APR will vary with the market based on the prime rate you must
transfer your balance within 90 days of your account open date for the
promotional APR to apply, so that's pretty straightforward in common sense.
Another thing that's really cool about this card is the fact that this card
actually allows you the ability to earn five times rewards up to $1,500 in
combined purchases each quarter in popular categories such as dining,
groceries travel and automotive. Now this card is very new. It's very very new I'll
actually click on this to show you learn more just to show you how new it is so I
click on learn more and so as you can see it says
right here. The 2019 five-time reward calendar get five times points
throughout the year on your favorite types of purchases and so as you can see
here it says that this is valid right now from the month of January February
March the first quarter of 2019. You can get five times points on dining and
groceries and this card is so new that I don't think you can sign up on the
website just yet so it says offer activation coming soon if you click here
it says register now June through January if you click on that it just
kind of brings you back to this page and I'm not sure if that's you know a big
deal right now. I'm sure you can probably you know get into that particular
category by contacting customer service but I definitely want to go ahead and
make a video and show you guys that this particular card that ABOC Platinum
rewards credit card is it's a pretty decent card. They have two different
cards here as you can see. They have this Union strong card and I that card I
think you have to have better credit because the APR is lower than the ABOC
Platinum rewards credit card. So let me go ahead and just jump back real quickly
here to this other page that I was on so that I can go to the bottom and kind of
show you what we basically already talked about but I just want to make
sure that I don't miss anything so as you can see once again the introductory
APR is gonna be 0% on your purchases as well as balance transfers for the first
12 months and then after that it's gonna go to 15 point 15 percent to 25 point 15
percent based on your credit worthiness of course. And then of course you're
gonna get the $150 statement credit once you spend $1,200 within the first three
months. There's mobile banking which is really
good of course so there's an app there's no annual fee. And of course you can get
five times point up to $1,500 for each category in each quarter. So that's
pretty cool and of course they're talking about MasterCard zero liability
then of course there's unlimited points that you can earn that do not expire. It
actually talks about here at the bottom of the screen where your late payment
will not raise your APR which is pretty good. And then of course you're gonna
earn every single purchase you're gonna be
able to earn at least one point right so basically if you're not getting five
times back on your purchases you're gonna get 1% on everything else. So it's
pretty much like the discover it card except they don't do cashback match
which is okay. So it's another option that you can have if you're interested
in having a another credit card that you can get five times back so that's pretty
cool thank you for watching this portion of the video I'll see you guys back in
just one second. Thank you so much for watching this video about the ABOC
platinum rewards credit card. If you like the video please be sure to give it a
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this video. I'll see you in the next video, until next time take care and be
blessed. Peace!