Janet Alvarez
Executive Editor

As Executive Editor of Wise Bread & an anchor for WHYY/NPR, Janet Alvarez is a formidable consumer advocate, personal finance and investing expert. She appears frequently in national media, including the Today Show, Good Morning Washington, ABC and CBS News, Bloomberg TV, Cheddar TV, and more.

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A Credit Card That Adapts to All of Life’s Unexpected Changes

How the Bank of America Customized Cash Rewards Flexes With Your Life’s Evolving Needs

By Janet Alvarez, Executive Editor
Advertorial Disclosure

This is a sponsored post by Bank of America as part of Wise Bread's continued partnership with them. My opinions are my own.

Even as a financial expert, I couldn’t have anticipated how much my financial priorities and spending would change this year. Instead of traveling abroad for our annual family vacation, we entertained ourselves at home with Netflix and audiobooks. Lunches at my favorite downtown restaurants were replaced with online grocery deliveries and takeout orders. In addition to glue and crayons, my son’s back-to-school shopping also included digital equipment to help him get online. And as for my holiday shopping, it’s all from my laptop.

Our entire lives shifted online in an instant. Lucky for my family, I was able to earn 3% cash back from all my online shopping. That’s what I love about having the Bank of America® Customized Cash Rewards credit card in my wallet – it flexes with my changing spending patterns, and adjusts to help me maximize rewards as circumstances change. I can adjust my account every month to earn 3% cash back on the category of my choice. There are so many reasons why the Bank of America® Customized Cash Rewards credit card is the right card for this moment – and all of the new horizons to come.

Three Things I Love About the Bank of America® Customized Cash Rewards Credit Card

First, using the Customized Cash Rewards credit card is simple – and that’s hugely valuable for a busy working mom like me. I don’t have to juggle multiple cards to maximize my rewards. Instead, I can be confident that I have one card that does it all, offering me an amazing 3% cash back on my category of choice, plus 2% cash back on grocery stores and wholesale clubs, and 1% back on everything else. Gone are the days when I’d have one card for airline or travel rewards, another for online shopping, and others for dining out. Now, I have one card that does it all. That lets me focus my time and energy on my real priorities: family, career, and fun.

Plus, the Customized Cash Rewards credit card is incredibly flexible. I can change my 3% cash back category each month, choosing from a variety of options, such as online shopping, dining, home improvement and furniture, travel, drug stores, and gas. Nobody could’ve foreseen the changes 2020 would bring, but as my travel plans were put on hold, and my attention shifted more to my home life, I felt comfortable knowing my card would adjust with me. When big changes hit this spring, I was able to swiftly and easily change my 3% cash back category from travel to online shopping. And over the summer, when I realized I needed a better home office and new furniture, I was able to just as easily change my category to home improvement and furnishings. Even better, redeeming my rewards is just as easy and flexible – I can redeem them any time for a card statement credit, direct deposit into my checking account, or even my Merrill brokerage account.

And the card comes with so many extras. There’s no annual membership fee, your rewards never expire, and new members can earn a $200 bonus offer for making $1,000 in purchases within the first 90 days. It pays to be a loyal Bank of America customer, too. Their no-fee Preferred Rewards program rewards members based on their entire banking and investing relationship across Bank of America and Merrill. With qualifying assets, the Preferred Rewards program provides members with a bonus of up to 75% on their credit card rewards based on the tier they qualify for. That means as a member, I can earn up to 5.25% cash back on my category of choice with my Customized Cash Rewards credit card!

To be honest, many of the changes this year has brought required abrupt adjustments and smart adaptation. I’m thankful my Bank of America® Customized Cash Rewards credit card was there to help smooth out the unexpected and keep my rewards on track. Its simplicity, flexibility, and rewarding extras have made it so much easier to focus on living my best life – and loving all the new opportunities to come.