Applying for a sports league or team credit card might be a home run, even if you're not a sports fan.
A new analysis from CreditCards.com found that some of the cards offer valuable benefits for consumers, including low interest rates, generous sign-up bonuses and practical rewards. "The cards stack up surprisingly well against the competition," said Matt Schulz, senior industry analyst for CreditCards.com. "It's clear the card issuers have realized that people would rather have cold hard cash than just discounts on team gear."
For example, the NHL Discover it—like Discover's standard cash-back card—offers 1 percent cash back on all purchases and 5 percent bonuses in rotating quarterly categories (currently home improvement stores, department stores and Amazon.com), no annual fee, free FICO scores for users and an extra cash back bonus at the end of the first year. Plus it has the added perk of 10 percent off NHL gear.
Regular APRs for the BBVA Compass NBA cards start at 9.24 percent, said Schulz, which is lower than the low-interest market average of 11.62 percent. Cardholders get double rewards at gas stations and grocery stores, triple rewards on NBA tickets and in-stadium purchases and a 20 percent rebate on NBAStore.com spending. (The bank is waiving the $50 annual fee "for life" for applications approved before Aug. 31.)