|
Summary - The Major League Baseball™ Extra Bases™ Credit Card is designed for the serious baseball fan. You can earn reward points with this card and exchange them for MLB™ autographed memorabilia, once-in-a-lifetime MLB™ experiences, cash rewards and travel with no blackout dates. However, there is competition for this card, as I'll show you an alternative that actually lets you earn more rebates. Read on.
Reward Formula - The MLB credit card allows you to earn one Extra Bases Point for every dollar you spend on the card. Points can be redeemed for a variety of rewards including MLB Team experiences, collectibles, merchandise, cash and travel. You can earn unlimited points, which are valid for five years. New cardholders will receive an official MLB™ licensed jersey after your first purchase on the card.
Annual Fee and APR - The MLB credit card has no annual fee. New cardholders get a 0% introductory APR on both cash advance checks and balance transfer (subject to a balance transfer fee). The APR thereafter is either 9.99% or 15.99% depending on your credit. The average daily balance method (including new purchases) is used to calculate your monthly balance.
Alternative - Though this card is supposed to allow Major League Baseball fans to earn rewards which they can redeem at mlb.com, the problem is that they only allow you to earn one point for every dollar that you spend on the card. This, to be honest, is not very attractive.
If you are want to get rebates and discounts for mlb products, I would reccommend that you get the Discover® More(SM) Card because you can actually earn 10% rebates at mlb.com. Discover has a feature called shopdiscover.com, which has over 100 online merchant (including mlb.com). This is how it works. Normally, if you want to buy something from mlb.com, you would go to mlb.com. But if you are a Discover Card holder, you can login into your Discover account, and go to the mlb.com site from there. Below are screenshots showing you the steps.
Once you go to the online merchant page, just scroll down and look for mlc.com. You will find that if you shop at mlb.com with your Discover Card, you will earn 10% rebates.
The next step is to click on the mlb.com link, which will take you to the terms and conditions page. The only caveat is that gift certificates, shipping and taxes are not valid for the 10% cash rebates.
Once you click on the "start shopping" button, you will be taken to the mlb.com site. By going through the site this way, your purchases with your Discover Card can be tracked.
Verdict - If you are a baseball fan who collects lots of memorabilia, go to lots of baseball games, then I would suggest that you forget about getting the Major League Baseball™ Extra Bases™ Credit Card and get the Discover® More(SM) Card instead. The reason is instead of earning a measly 1 point for every dollar that you spend on the card, you can get a 10% rebates, when you shop at mlb.com through your Discover account. Furthermore, Discover has over 100 merchants where you can earn great rebates including nfl.com and nba.com.
| Reward Formula |
Earn one point for every dollar spent on the card |
Customer communications are send in Spanish and English
Total Security Protection
Various Internet account related services
Auto rental insurance
Various travel and emergency assistance services
Free Year-End Summary Statement
Lost luggage recovery
No liability for unauthorized Internet transactions
Discounts on auto rentals
Optional Mini Card
See website for additional benefits
Optional Purchase Guard
|
| (APR) Purchase |
Goto rate is 9.99% for Platinum Plus Accounts or 15.99% for Preferred Accounts |
| (APR) Balance Transfer APR |
Intro Rate - 0% for twelve billing cycles. Goto rate is 9.99% for Platinum Plus Accounts or 15.99% for Preferred Accounts |
| (APR) Cash Advance |
Intro Rate - 0% for twelve billing cycles. Goto rate is 7.90% for Platinum Plus Account
13.99% for Preferred Accounts
|
| Finance Configuration |
Average Daily Balance (including new purchases) |
| Annual Fees |
None |
| Additional Cardholders |
$0 |
| Grace Period |
20 days (Min) |
| Late Payment fee |
Based on Account balance on the fee assessment date - $15 for balances less than or equal to $100, $29 for balances $100.01 to $250, $39 for balances greater than $250. |
| Over-the-credit-limit fee |
Based on the highest Account balance during the Billing Cycle - $15 for balances less than or equal to $500, $29 for balances $500.01 to $1000, $39 for balances greater than $1000. |
| Cash Advance fee |
3% min $10.00 |
| Balance Transfer fee |
None when Balance Transfer is requested at time of application; thereafter, 3% of each advance (min. $10) |
|
