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$200
Welcome offer
Up to 3%
Cash back
$0
Annual fee
0%
Intro purchase APR
for the first 15 statement closing dates (then 13.99% to 23.99% variable)
Annual fee | $0 |
---|---|
Welcome Offer | $200 after spending $1,000 in the first 90 days |
Rewards | 3% cash back on a chosen category and 2% at grocery stores and wholesale clubs for the first $2,500 in combined purchases each quarter, then 1% after that and on everything else |
Purchase APR | 0% intro for the first 15 statement closing dates (then 13.99% to 23.99% variable) |
Balance transfer APR | 0% intro for the first 15 statement closing dates (then 13.99% to 23.99% variable) |
Recommended minimum credit score | 670 |
Issuer | Mastercard |
Review by
Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.
If you love the action of America’s favorite pastime, consider the MLB® Credit Card from Bank of America. You’ll pay no annual fee for the life of the card, and you can earn 1% to 3% cash back across spending categories such as groceries and other everyday purchases.
Save even more with a generous low intro APR on balance transfers and purchases. And after you spend $1,000 in the first 90 days, you’ll qualify for a cash reward, among the general rewards that come with being a member of Bank of America’s Preferred Rewards program.
Bank of America’s online approval system lets you know your application’s status as soon as you submit it. If further review is needed it may take a few business days up to a few weeks for a decision. Once approved, expect your card to arrive within seven to 10 business days.
The MLB® Credit Card will have your favorite MLB team on it, but it’s most effective for everyday purchases. If you spend around $800 in combined purchases each month for the accelerated categories, you’re sitting right at the sweet spot for rewards.
Check out how much cash back you might earn based on this sample budget:
Over a year, you’d earn $228 cash back.
Bank of America offers benefits and rewards on your everyday banking with a program called Preferred Rewards. It has three tiers — each with increased benefits from the previous tier.
You need to have a Bank of America checking account and a three-month average combined balance of $20,000 in qualifying Bank of America deposit accounts, and Merrill Edge and Merrill Lynch investment accounts. Once you qualify for the program, enroll through your online banking account and you’ll move up the tiers as you qualify.
The program’s tiers are based on the amount of your average combined balance.
Initiate your balance transfers within 60 days of opening your account to take advantage of the 0% intro APR period for the first 15 statement closing dates. After that, a variable APR of 13.99% to 23.99% will apply.
If you’re making transfers that exceed your credit limit, Bank of America may accept a partial transfer. However, they won’t accept balance transfers made from Bank of America accounts or any of their affiliates.
You’ll also pay either $10 or 3% of the transaction, whichever is greater, in fees for each transfer you make. That’s up to $30 in fees for a $1,000 balance.
Wait at least two weeks from your account opening for Bank of America to process your balance transfers if you request one during the application process.
Apply for an MLB® Credit Card if you’re at least 18 years old and a US citizen or permanent resident.
You’ll need to provide information, such as:
At this point, you can select your favorite team and get a card with their logo.
The chances of your approval increase with a good to excellent credit score of 670 or higher. Furthermore, you’ll get a lower APR and a higher credit line if you apply with a better credit score.
Bank of America earned a Trustpilot score of 1.3 out of 5 at the time of this writing. Most negative reviews cite unhelpful customer support. Positive reviews often point to the bank’s easy-to-use website.
Bank of America also earns a A+ rating from the Better Business Bureau as of October 2020 and has been accredited since 1949.
Log on to your Bank of America online account to redeem your rewards. You’re eligible to cash out when your rewards balance is at least $25.
Here’s what you can redeem rewards for:
For baseball fans, this no-annual-fee cashback rewards card could be a home run. But even if you’re not a baseball fan, the card still offers decent cash back without an annual fee.
If you’re looking for a more robust travel or cashback rewards card, take a look at your other options before applying for this one.