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New $200 Bonus on No-Annual-Fee BankAmericard Cash Rewards MasterCard

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    Update: One or more card offers in this post are no longer available. Check our Hot Deals for the latest offers.

    If you like cash back, here’s an interesting $200 sign-up bonus for very low minimum spending and no annual fee!

    Via Slickdeals, you can earn $200 cash back after spending $500 on purchases in the 1st 90 days of opening a Major League Baseball BankAmericard Cash Rewards MasterCard.

    Emily and I don’t earn a commission on this card, but we’ll always share the best deals with our readers!

    Show Your Team Spirit and Earn a Relatively Easy $200 in Cash With the Major League Baseball BankAmericard Cash Rewards MasterCard

    This could be a good option if you already have a lot of cash back cards.  But some of y’all might do better by skipping this offer.  I’ll explain!

    What’s the Deal?

    Link:   Major League Baseball BankAmericard Cash Rewards MasterCard

    When you sign-up for the Major League Baseball BankAmericard Cash Rewards MasterCard and spend $500 on purchases in the 1st 90 days of opening your account, you’ll earn $200 cash back.

    And if you redeem your rewards into a Bank of America checking or savings account, you’ll get a 10% bonus.  The minimum redemption amount is $25.

    That’s a better deal than the Visa version of the card, which earns $100 cash back after completing the same minimum spending requirement.

    With this MasterCard you’ll earn:

    Note:   Superstores, discount stores, and warehouse clubs do NOT qualify as grocery stores.  And superstores and warehouse clubs that sell gasoline don’t qualify either.

    You can show your team spirit by customizing your card with your favorite Major League Baseball team logo.

    Earn Bonus Cash Back on up to $1,500 in Spending Each Quarter at Grocery Stores and Gas Stations

    This card has NO annual fee.  So you can keep it for the long term to increase the average age of your credit accounts and possibly improve your credit score.

    But it’s not a good card to use when you travel abroad, because it adds a 3% foreign transaction fee.

    Note:   Unlike most cards, your sign-up bonus will post to your account 8 to 12 weeks after you’ve met the minimum spending requirement.  Usually, sign-up bonuses are credited after the statement in which you’ve completed the minimum spending closes.

    Remember, this is a MasterCard, so you could meet the minimum spending in 1 shot by paying your rent through RadPad with the discounted 1.99% fee for MasterCard purchases.

    If You Rent, You Could Knock out the Minimum Spending Requirement in 1 Transaction With RadPad and Pay Just 1.99% in Fees

    Bank of America tends to approve folks for cards based on the total amount of credit they’re willing to extend you.  So if you already have a lot of Bank of America cards and aren’t immediately approved, it’s worth calling the reconsideration line.

    They may just need more information or ask you to reduce the credit lines on your existing accounts.

    Should You Consider This Card?

    Yes, if getting it doesn’t disqualify you from signing-up for more lucrative cards from Chase.

    It’s more important than ever to choose your credit card applications carefully, because opening any credit card will count towards Chase’s new application rules.

    Be Sure to Get the Chase Cards You Want Before Applying for Other Cards

    If you’ve opened ~5 or more cards (from ANY bank) in the past 24 months, it’s already unlikely you’ll be approved for Chase Ultimate Rewards points-earning cards like the Chase Freedom or Chase Sapphire Preferred.

    This month, it’s rumored that these rules will apply to small business cards like the Chase Ink Plus and Chase Ink Cash.

    And in April 2016, all Chase cards (including terrific airline and hotel cards like the Chase Hyatt, Chase IHG Rewards Club Select Credit Card, or Chase British Airways Visa Signature Card) will likely subject to the tighter rules.

    Other Cards Are More Valuable If You Prefer Big Travel!

    Chase has some of the best travel rewards cards available.  So you don’t want to disqualify yourself from being approved in the short-term by applying for offers that aren’t as valuable.

    But if you already have all the Chase cards you want, or signing-up for more cards won’t make a difference because you apply for LOTS of cards frequently, it’s worth considering this deal.

    If you like cash back, already have other cash back cards with more lucrative bonus spending categories, or are looking for good sign-up bonus with low spending, you might consider the Major League Baseball BankAmericard Cash Rewards MasterCard.

    Many folks don’t have a lot of Bank of America cards, so this could be a good choice if you already have lots of cards with other banks.

    Big Cash, Small Shopping! Other No-Annual-Fee Cards Also Have Good Bonuses With a Low Minimum Spending Requirement

    That said, cards like the Chase Freedom and US Bank Business Cash Rewards have similar sign-up bonuses ($150 cash back), with no annual fee, for the same minimum spending amount.

    I still prefer the Chase Freedom because when you pair it with other cards, like the Chase Sapphire Preferred, Chase Ink Plus, or Chase Ink Bold (no longer available), you have the flexibility to transfer your points to airline and hotel partners like United Airlines and Hyatt.

    Using this method, you could easily get much more value from the Chase Freedom sign-up bonus, like $225 worth of flights, Big Travel on United Airlines, American Airlines, & Southwest, a terrific Hyatt hotel stay, or a trip to the Caribbean!

    Bottom Line

    There’s a good sign-up bonus available for the no-annual-fee Major League Baseball BankAmericard Cash Rewards MasterCard.  You’ll earn $200 cash back after you spend $500 on purchases in the 1st 90 days of opening your account.  That’s easy for most folks to meet!

    Plus, you’ll earn 3% cash back at gas stations and 2% cash back at grocery stores on up to $1,500 in spending per category each quarter.

    We don’t earn a commission from this offer, but we’re committed to sharing the best deals with our readers!

    However, if you’re looking for Big Travel, be sure to get the Chase cards you want first.  Because Chase (which issues some of the best travel rewards cards) will likely not approve you for certain cards if you’ve opened ~5+ new cards in the past 24 months.

    So I’d only consider this card if you’ve already got the Chase cards you want, or just prefer cash back.

    Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)