MLB™ Cash Rewards Mastercard® from Bank of America

Robin Saks Frankel  in  0% APR Advertising Disclosure

Best for baseball fans who want cash back

Annual Fee:
No Annual Fee.
Purchase Intro APR:
Balance Transfer Intro APR:
0% Introductory APR for 12 billing cycles for purchases and for any balance transfers made in the first 60 days, then, 15.24% - 25.24% variable APR. 3% fee (min $10) applies to balance transfers
Regular APR:
0% Introductory APR for the first 12 Statement Closing Dates following the opening of your account. After that, your APR will be 15.24% to 25.24%, based on your creditworthiness when you open your account. This APR will vary with the market based on the Prime Rate.
Terms and Restrictions Apply | Rates and Fees
Bankrate Score: 87 out of 100

Commonly used for: 0% APR, Balance Transfer, Cash Back, Excellent Credit, No Annual Fee, Rewards.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

In all things but your favorite baseball team’s logo, the MLB Cash Rewards Mastercard from Bank of America card is identical to the standard Bank of America Cash Rewards credit card. So, if you think the rewards and perks are attractive, but Major League Baseball is a turnoff, grab the regular card.

For those die-hard baseball fans, though, this is a way to show your loyalty at the cash register. The logos of all 30 MLB teams are available.


This card’s most direct competition is the Blue Cash Everyday® Card from American Express, another card that doesn’t charge an annual fee. Both cards offer extra rewards on gas and supermarket spending.

MLB Cash Rewards Mastercard from Bank of America offers 3% cash-back on gas purchases and 2% on groceries up to $2,500 in spending per quarter. You’ll earn 1% on all other purchases. The AmEx card pays 3% at U.S. supermarkets on up to $6,000 in spending per year (then 1%), 2% at U.S. gas stations and select U.S. department stores and 1% on all other purchases.

If you spend a lot on household’s groceries, there’s a better card for you.

We do like that this card comes with a potential for extra rewards for Bank of America deposit account customers, but the 10% bonus probably isn’t enough to offset a card that offers a 2% flat rewards rate.

Who should get this card

This card is good for someone who wants an easy-to-follow cash-back card that rewards them for typical household spending. There are no rotating categories to keep track of and if you have a bank account or brokerage account with Bank of America or Merrill Lynch, the rewards value starts to exponentially increase.

This card may also be good for anyone looking to make a big purchase and wants the flexibility to pay it off over time. It comes with an introductory 0% APR for the first 12 billing cycles on purchases and on balance transfers made in the first 60 days. After that, a variable APR of 15.24% – 25.24%.

  • Get a $200 online cash rewards bonus after you spend at least $500 in the first 90 days of account opening.
  • Receive a 10% customer bonus every time you redeem your cash back into a Bank of America checking or savings account.
  • Preferred Rewards clients get an increased bonus of 25% to 75%.
  • The 3% and 2% cash-back rates have a combined quarterly spend total of $2,500, which may be limiting for big gas or grocery spenders.
  • The balance transfer fee could mean an unwelcome addition to your debt if you transfer a significant sum.
  • There’s a 3% foreign transaction fee for every purchase made outside the U.S.

Fees and APR

  • There is no annual fee.
  • You’ll pay a 3% foreign transaction fee on all purchases made outside the United States.
  • There’s a 3% balance transfer fee ($10 minimum).
  • 15.24% – 25.24% Variable APR on purchases and balance transfers

Extras, perks and using rewards

Cash-back rewards can be redeemed at any time in any amount as either a statement credit, deposited to your Bank of America bank account, or used to buy gift cards through Bank of America’s online shopping portal.

Bank of America clients receive a 10% bonus for depositing the cash-back rewards into their bank account. Preferred Rewards clients can get an even bigger bonus — ranging from 25% to 75% depending on your Preferred Rewards status.

You have to maintain a combined balance of at least $20,000 with either Bank of America, Merrill Lynch or Merrill Edge to get these increased rewards, but if you do, the cash-back rewards go from good to outstanding.

For example, if you have the highest status of Platinum Honors with Bank of America, which comes with a hefty $100,000 minimum account balance requirement, you can earn a bonus on your cash-back rewards of up 75%.