Review: NBA Credit Card

nba-credit-cardNOTE: These NBA credit cards have been discontinued…

The National Basketball Association offers American Express credit cards for all NBA teams via a partnership with BBVA Compass, giving you the opportunity to earn rewards such as NBA merchandise and unique NBA experiences. However, you’ll pay a $50 annual fee for the privilege. Below we offer our complete overview / review of the cards:

NBA credit cards are accepted anywhere American Express cards are accepted, which is most merchants worldwide. Note, however, that this card is not being offered directly from American Express but instead by BBVA Compass. If you get the card of your favorite team, you will become a BBVA Compass customer.

Now, on to the “TripleDouble” rewards program, as it is named. After being accepted for the card and choosing the logo of your favorite NBA team to appear on the card, you will receive points every time you use your card, using the following points formula:

  • 3 points per dollar on NBA purchases including tickets, purchases at NBA games, and purchases.
  • 2 points per dollar on gas station purchases
  • 2 points per dollar on supermarket purchases
  • 1 point per dollar on all other card purchases
  • 5 points per dollar on ALL purchases during NBA All-Star Weekend and the 2 weeks during the NBA Finals

Also, if you use the card for at least $500 in purchases within the first 90 days of having it, you’ll get an extra 10,000 bonus points.

Your reward points can then be redeemed for NBA-specific items including merchandise, tickets, meet-and-greets with NBA players, etc., or other rewards including gift cards, cash back, travel rewards and more. While the worth of a point in this reward program is not specifically spelled out anywhere, most credit card reward programs have each point equaling one penny, meaning 10,000 points would equal $100, for example. However, this is not guaranteed to be the redemption rate. In addition, the worth of NBA “experiences” such as meeting players is obviously not something you can put an easy dollar value on, so the points necessary for these rewards will vary.

As mentioned above, there is a $50 annual fee for this card, which roughly translates to 5,000 points in the rewards program. If you don’t use the card often, that fee may essentially cancel out much of what you earn in rewards. However, if you’re a huge NBA fan, that may not matter to you.

Putting aside the rewards for a moment, the NBA credit card offers a range of interest rates depending on your credit history. You could be accepted at a rate as low as 9.24% or as high as 23.24%. If you are accepted at the low end, great. But if your credit history is not great, you don’t want to get a card with an interest rate over 20% that also charges you a $50 annual fee.

Overall, the NBA credit cards offer a nice reward package for fans who are frequent credit card users. If you don’t use your card often, though, the $50 annual fee may not make it worth it. (We at Credit Card Catalog generally frown on cards with annual fees, but heavy card users may find them worth the cost.)

With all that said, if you think you’ll use this card regularly and you are a fan of the Atlanta Hawks, Cleveland Cavaliers, Toronto Raptors, Chicago Bulls, Washington Wizards, Milwaukee Bucks, Miami Heat, Boston Celtics, Charlotte Hornets, Indiana Pacers, Brooklyn Nets, Detroit Pistons, Orlando Magic, Philadelphia 76ers, New York Knicks, Golden State Warriors, Memphis Grizzlies, Houston Rockets, Portland Trail Blazers, Los Angeles Clippers, San Antonio Spurs, Dallas Mavericks, Oklahoma City Thunder, Phoenix Suns, New Orleans Pelicans, Utah Jazz, Denver Nuggets, Sacramento Kings, LA Lakers, or Minnesota Timberwolves, you can apply for your teams’ credit card here.

See also: Store Credit Cards, Instant Approval Credit Cards, NBA Credit Card Payment, Login, and Customer Service Information