MLB™ Cash Rewards Mastercard® from Bank of America
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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 in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings, 2% cash back at grocery stores and wholesale clubs and 1% back on all other purchases. You’ll earn 3% and 2% cash back on the first $2,500 in combined purchases each quarter, then earn 1%.
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 12 billing cycles for purchases and any balance transfers made within 60 days of opening your account (16.24% to 26.24% variable APR thereafter). Keep in mind a 3% fee (min $10) applies to all balance transfers.
Fees and APR
- There is no annual fee.
- Preferred Rewards clients get a 25% – 75% rewards bonus on every purchase.
- 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).
- 16.24% to 26.24% 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.
Preferred Rewards clients get a 25% – 75% rewards bonus on every purchase.