5 Things to Know About the Amalgamated Bank of Chicago Union Strong Mastercard

It offers rich rewards, a $0 annual fee, a low ongoing interest rate and benefits for union members.
Sara RathnerAug 31, 2021
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In August 2021, ABOC to TCM Bank and made changes to the reward structure. 

The offers a potentially rich rewards program, a annual fee, a low ongoing interest rate and benefits for union members.

You can also show your union affiliation by electing to have your union’s logo (if available) on your card.

It shares many of the same features as the

Here are five things to know about the .

Cardholders earn 5 points per $1 spent on up to $1,500 in combined spending on categories that rotate every quarter (1 point per $1 spent on everything else). Current bonus categories are:

Unlike with , ABOC says quarterly activation of those categories isn't required. Once you register via to qualify for the bonus 5X, you're covered going forward.

The also offers a sign-up bonus: . There’s no cap on what you can earn, and as long as your card is open, your points don’t expire.

You can redeem your points through the rewards portal at ABOCRewards.com for travel, statement credits, gift cards and merchandise. You can also gift points to other ABOC members.

However, point values vary depending on what you choose to redeem them for. Travel redemption options (including flights, hotels, car rentals and vacation packages) yield the best value, at about a penny per point. Statement credit and merchandise are considerably worse values, redeeming at about 0.75 cents per point. Gift cards rates can range between 0.7 to 1 cent per point.

In short, the is a solid travel rewards option, but not a great cash-back card.

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The offers a unique benefit for union members that allows you to skip one or more minimum payments if:

Keep in mind that interest will still accrue on your unpaid balance even if you’re allowed to skip a minimum payment. However, you won’t be charged a late fee.

New cardholders can enjoy an intro . This is one of the lowest ongoing interest rates available for a card that also offers a 0% intro APR period, making it ideal if you plan to carry a balance beyond the first year. The balance transfer fee is 3%.

Looking for other low-interest options or cards with 0% intro APR periods?.

If an item’s price goes down after you buy it, Mastercard’s price protection feature can help. If you paid for an item with your and the price decreases within 60 days of purchase, you can file a claim for reimbursement of the difference — a helpful feature if you happen to make a large purchase right before a holiday sale, and .

You can also protect your purchases beyond the manufacturer’s warranty with the card's extended warranty feature.

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