Wonder

Research Outline

Prepared for Ankur J. | Delivered September 23, 2019

Banks - Consumer Rewards Credit Cards: United States

Goals

To continue identifying rewards credit cards for the listed banks and entering details into the attached spreadsheet. 

Early Findings

The details for HSBC, Amalgamated Bank of Chicago, Royal Bank of Canada, and Bank of Montreal Harris rewards credit cards have been entered on the attached spreadsheet.
HSBCHSBC has two rewards cards. The first one is the HSBC Cash Rewards Mastercard Credit Card, which offers 1.5% unlimited cash back on all purchases after the introductory period. The cash back can be used to redeem other rewards as well.
Upon sign up, users can earn 3% in cash back for the first 12 months on all purchases up to $10,000.
The second card is the HSBC Premier World Elite Mastercard Credit Card, which offers 3X points on travel purchases, 2X points on dining purchases, and 1X points on all other purchases.
Upon sign up, users will receive 50,000 bonus points after spending $4,000 in purchases. This is worth $750 in airfare when booked through HSBC Rewards.
AMALGAMATED BANK OF CHICAGOAmalgamated Bank of Chicago has just one rewards card, which is the ABOC Platinum Rewards Mastercard.
This card offers 1 point per $1.00 spent on all purchases.
Each quarter, users can earn 5X points on specific categories of purchases. 
January – March — 5X rewards on up to $1,500 of dining and grocery purchases 
April – June — 5X rewards on up to $1,500 of home improvement purchases 
July – September — 5X rewards on up to $1,500 of travel purchases 
October – December — 5X rewards on up to $1,500 of automotive purchases 
Upon sign up, users can receive a $150.00 statement credit after $1,200 in purchases during the first 90 days.
ROYAL BANK OF CANADAThe Royal Bank of Canada has one rewards card for Americans, which is the Visa Signature Black U.S. Credit Card.
It only offers 1 RBC Rewards point for every $1.00 spent.
Upon sign up, users can receive a 0% introductory APR for the first six months. 
BANK OF MONTREAL HARRISBank of Montreal Harris offers the BMO Harris Bank Platinum Rewards Mastercard for Americans.
Users receive 2X points on grocery and gas purchases and 1X points on all other purchases.
There is also a 10% anniversary bonus points program that does not have a cap.
Upon sign up, users can receive 25,000 bonus points if they spend $2,000 in the first three months.