Bank of America MLB™ MasterCard Review

This is a cashback credit card issued by Bank of America. If you're wondering whether Bank of America MLB™ MasterCard is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Signup bonus. Offers a signup bonus of $200 if you spend $1000 within 3 months.
• Competitive APRs. Bank of America MLB™ MasterCard has a variable purchase APR that ranges from 13.99% up to 23.99%.
• No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. Bank of America MLB™ MasterCard charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $10.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

The Good

The Bad

Potentially lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. 0% APR on new purchases during the first 12 months. No annual fee. Free access to your credit score. Identity Theft Protection. Cardholders can earn rewards on purchases everywhere Bank of America MLB™ MasterCard is accepted. Bank of America MLB™ MasterCard reports to multiple credit bureaus.

Charges a foreign transaction fee of 3%. Rewards bonus rate of only 1% on most everyday purchases. Terms apply*. Charges a 3% balance transfer fee.

Does Bank of America MLB™ MasterCard have a cash back or rewards program?

This is a cashback card. This means you earn a percentage of your purchases as cash back rewards.

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Bank of America MLB™ MasterCard Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	1x
Annual rewards limit	N/A
Signup Bonus ($)	$200
Signup Bonus Spend Requirement	$1000
Signup Bonus Spend Period (months)	3 months

What are the Bank of America MLB™ MasterCard benefits?

It provides the following benefits:

• Free Credit Score
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Bank of America MLB™ MasterCard?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

Bank of America MLB™ MasterCard has a variable purchase APR that ranges from 13.99% up to 23.99%. The card has a variable balance transfer APR that ranges from 13.99% up to 23.99%. It also has a variable cash advance APR that ranges from 16.99% up to 27.24%. Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Bank of America MLB™ MasterCard?

The following fees apply:

Bank of America MLB™ MasterCard Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	up to $29
Late Payment Fee	up to $40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.

Does Bank of America MLB™ MasterCard report your account activity to credit bureaus?

Yes, Bank of America MLB™ MasterCard reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Bank of America MLB™ MasterCard

• Visit the Bank of America MLB™ MasterCard website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.