At this time, Amalgamated Bank of Chicago is temporarily removing the promotional rate associated with its balance transfer feature on the ABOC Platinum Rewards Card. Listings and content will need to be updated as follows:
Marketplace Listings:
1. Remove bullet point:
0% Intro APR on Purchases for 12 months and Balance Transfers for 18 months; after that the variable APR will be 12.90%-22.90% (V), based on your creditworthinesss
Replace with this bullet point:
0% Intro APR on Purchases for 12 months; after that the variable APR will be 12.90% – 22.90% (V), based on your creditworthiness”
2. General Intro APR statements should read “0% on Purchases for 12 months”
3. Balance Transfer Intro statements should read “N/A”
4. Credit Needed should display “Excellent”
5. Do not list in “Featured,” “Top Choice”
6. Do not list in first three positions in any remaining category
7. For those with log-in experiences, do not list in the non-logged-in experience
8. Remove from Balance Transfer and Travel pages
Reviews/Content:
1. All mentions of the promotional balance transfer period should be removed or updated to reflect that the promotional rate has been temporarily removed due to the current economic conditions.
2. The following disclaimer can be used to inform consumers that these promotional changes are temporary:
Please note: Amalgamated Bank of Chicago has temporarily suspended its balance transfer offer for new accounts due to the current economic environment. ABOC expects to reinstate this benefit in late 2020; in the meantime, new cardmembers can still receive a 0% intro APR on purchases for 12 months and have the opportunity to earn a $150 statement credit when they spend $1,200 within 90 days after account opening.
3. Unless approved otherwise, content should reflect that the credit needed is “excellent”
Please see complete campaign details: ABOC Platinum Campaign Details