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Amalgamated Bank of Chicago Platinum Rewards Mastercard® review
Last updated:
An easy option for everyday rewards.
- Get this card if you’re looking for an intro APR on purchases.
- Pick something else if you’re looking for better reward rates.
- Apply with an excellent credit score of 670 or higher.
$150
Welcome offer
$0
Annual fee
0%
Intro purchase APR
for the first 12 months (then 12.9% to 22.9% variable)
670
Recommended credit score
Details
| Product Name | Amalgamated Bank of Chicago Platinum Rewards Mastercard® |
|---|---|
| Card type | Mastercard |
| Annual fee | $0 |
| Purchase APR | 0% intro for the first 12 months (then 12.9% to 22.9% variable) |
| Balance transfer APR | 12.9% to 22.9% variable |
| Balance transfer fee | $5 or 3% of the transaction, whichever is greater |
| Cash advance rate | 24.99% variable |
| Cash advance fee | $10 or 5% of the cash advance amount, whichever is greater |
| Foreign transaction fee | None |
| Interest free period | Up to 25 days |
| Late payment fee | Up to $35 |
| Returned payment fee | Up to $25 |
Expert review
Review by
Megan Horner
megan.horner@finder.comMegan Horner is the credit cards publisher at Finder. She's passionate about helping you find the best credit cards to meet your financial needs — whether that's earning great rewards or improving your credit score. Previously, she edited and published educational articles on credit cards as an assigning editor at Credit Karma.
Expert review
The perks
No annual fee.
You can keep the card open and use it when necessary without feeling pressured to close your account.
Introductory APR.
Enjoy a 0% introductory APR on purchases for the first 12 months following your account opening. After the intro period is up, your rates revert to a variable 12.9% to 22.9% APR.
Rewards program.
Earn 5x points on up to $1,500 in select purchasing categories each quarter you activate. After you reach the spending cap, or if you don’t activate, you’ll earn 1x points on all purchases. The 1x points rate also applies on everything else you buy.
2020 calendar for quarterly rotating categories
| Quarters | January–March 2020 | April–June 2020 | July–September 2020 | October–December 2020 |
|---|---|---|---|---|
| 5x category | Monthly bills | Dining and transportation | Travel | Department stores |
| Example | Qualifying utilities, cell phone, cable, Amazon Prime and streaming subscription services | Groceries, bakeries, fast food, gas, tolls and mass transit | Airfare, cruises, car rental, hotels, gas and ride shares | Department stores, electronic stores, Target, Walmart and Amazon.com |
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Signup bonus.
You can earn a $150 statement credit after you spend $1,200 on purchases within the first 90 days of your account opening.
Late payments don’t raise APR.
If you happen to miss a payment, you won’t have to worry about a penalty APR.
Mastercard zero liability.
You won’t be held accountable for any unauthorized transactions performed on your credit card.
What to watch out for
- Foreign transaction fees.This card doesn’t waive foreign transaction fees, so it may not be the best option if you do a lot of traveling. If you do, you’ll be charged 0% of the transaction each time you swipe abroad.
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Bottom line
Those looking to earn rewards on everyday spending may find the Amalgamated Bank of Chicago Platinum Rewards Mastercard® to be quite valuable. While a few comparable cards offer better reward rates, they also tend to have fees that can offset that advantage depending on your spending.
Compare other rewards credit card options to see if the Amalgamated Bank of Chicago Platinum Rewards Mastercard® is the right fit for you.
