Advertiser Disclosure

ABOC Credit Cards Switch to 5X Quarterly Bonus Categories

Aug. 27, 2019
Credit Cards, Promos, Rewards Credit Cards
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Amalgamated Bank of Chicago credit card customers, welcome to the rotating-bonus-category community.

The issuer has revamped the rewards program for its consumer Mastercard products including the Amalgamated Bank of Chicago Union Strong Mastercard® Credit Card and Amalgamated Bank of Chicago Platinum Rewards Mastercard® Credit Card, transforming a basic earnings rate of 1 point per dollar spent into a potentially much more lucrative system.

As of Q1 2019, cardholders can earn 5 points per dollar on up to $1,500 in combined spending on categories that change each quarter, much like with the Chase Freedom® and select Discover cards.

For 2019, these categories are:

  • Jan. 1 through March 31: Grocery, pharmacy and restaurant purchases.
  • April 1 through June 30: Home improvement, home supply, warehouse and wholesale club purchases.
  • July 1 through Sept. 30: Airline, cruise, car rental, hotel and travel agency purchases.
  • Oct. 1 through Dec. 31: Auto parts, service and repair purchases.

» MORE: Which 5% rotating bonus category card should I choose?

Once you hit the $1,500 spending cap in these categories, you’ll revert to earning 1 point per dollar spent in those categories for the quarter. All non-bonus-category purchases earn 1 point per dollar spent.

Unlike with other rotating bonus category cards, ABOC notes that “activation” of the bonus every quarter is not required. You need only complete a one-time registration at ABOCRewards.com, and you’ll be automatically enrolled going forward.

Rewards can be redeemed for statement credits, gift cards, merchandise and travel.

New cardholders are also eligible for a sign-up bonus, regardless of the ABOC card they choose: Earn $150 statement credit after you spend $1,200 on purchases within the first 90 days from account opening.

Both cards previously offered occasional opportunities to earn bonus points on certain spending categories, but those promotions were more limited.

Rotating-bonus-category cards require more maintenance than flat-rate rewards cards because you have to keep track of categories. But you can also rack up rewards much more quickly in a rewards system like this, especially when your spending habits dovetail with the card’s bonus categories that quarter.

About the author