Opening port 3306 for Remote MySQL from VM

I have a CentOS VM on my laptop running a Host-only and a NAT adapters.

I'm looking to connect to an external MySQL database on a Bluehost server. According to Bluehost the port 3306 is open.

When I run

nmap -v -sV localhost -p 3306

on my VM, it discovers open port 3306/tcp on 127.0.0.1.

I'm not sure if I want the port on 127.0.0.1 since my IP is 192.168.56.101? Not sure how to configure this further. Thanks in advance.

In iptables, I added these two lines:

-A INPUT -p tcp -m state --state NEW -m tcp --dport 3306 -j ACCEPT-A INPUT -p tcp -m state --state NEW -m tcp --sport 3306 -j ACCEPT

Not sure whether this was a destination or a source or both?! Is this even INPUT?