The MLB™ BankAmericard Cash Rewards™ MasterCard® is a special version of the BankAmericard Cash Rewards card, though it’s MasterCard rather than Visa. It offers all of the same bells and whistles along with the ability to cheer for your favorite team every time you pull the card out of your wallet. As part of the deal, you get a 0% APR on purchases for the first 12 months, interest-free balance transfers for the first 60 days, and more. Here are the details…
Highlights
- $100 sign-up bonus
- Custom card design – all 30 MLB team cards are available.
- Earn 3% cash back on gas and 2% at wholesale clubs and grocery stores (up to $2,500 in combined purchases), and 1% cash back on all other purchases.
- 0% intro APR for 12 months on purchases, and 0% on balance transfers made in the first 60 days, then 13.24% – 23.24% Variable APR
- No annual fee
How It Works?
Online sign-up bonus: $100 after making $500 in purchases with the card within the first 90 days of account opening.
Cash back: Similar to the BankAmericard Cash Rewards, this card offers 3% cash back on gas and 2% at wholesale clubs (including Costco) and grocery stores, up to $2,500 in combined purchases per quarter. All other purchases get you 1% back and the same goes for gas and grocery purchases after the $2,500 limit has been reached. Rewards can be redeemed as a statement credit, a check, or an electronic deposit to a Bank of America checking or savings account.
Special rate for existing BoA customers: Those with an existing Bank of America account will benefit from an ongoing 10% cash reward bonus when they redeem their cash back rewards directly into their Bank of America checking or savings account. Moreover, if you are a Gold, Platinum or Platinum Honors Bank of America® Preferred Rewards customer, you can increase that bonus to anywhere between 25% and 75%.
MLB™ Banking: A special feature for MLB fans, who — according to Bank of America — will be treated like a pro with the MLB® logo on their checks and debit card with eligible checking accounts. As an added perk, cardmembers get to use the special MLB Mobile Banking app on their smartphones.
APR: Introductory 0% APR on purchases for 12 months, and any balance transfers made in the first 2 months. After that a variable APR ranging from 13.24% to 23.24% will apply, based on your creditworthiness.
Costs
- 0% Intro APR for 12 months on purchases, and 0% on balance transfers made in the first 60 days, then 13.24% – 23.24% Variable APR
- 3% Balance Transfer Fee (minimum $10)
- 3% Foreign Transaction Fee
- $0 Annual Fee
At Bank of America’s secure website
Pros
- Online sign-up bonus – get $100 just for signing-up online. Great for a card that has no annual fee.
- Cash back + 0% APR on purchases for the first 12 months, and balance transfers for the first 2 months. Not many cards offer 0% financing along with rewards.
- Even higher rewards for existing BoA customers – those that already have a checking and/or savings account with Bank of America will benefit from a 10% customer bonus every time they redeem cash back rewards into their account.
Cons
- Foreign transaction fee – you will want to use a different card when visiting other countries. With this one, you will be charged 3% on every transaction.
- Capped rewards – 2% and 3% categories are capped and we understand why that’s the case. Nevertheless, we would like to see the higher cap on the two categories.
Is This The Card For You?
The MLB™ BankAmericard Cash Rewards™ MasterCard® is a great choice for anyone who wants an everyday cash back card that also happens to support their favorite MLB team. Cardmembers earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas up to the first $2,500 in combined grocery/wholesale club/gas purchases each quarter. Plus, if you are an existing Bank of America customer, you can get an additional 10% or more on all rewards earned. There is no annual fee, but there is an introductory period of 0% APR on purchases for 12 months, and the interest-free balance transfers for the first 60 days. Check it out.