Major Enhancement Made to the NEA Cash Rewards Credit Card

The NEA® Cash Rewards Credit Card, provided by Bank of America, will soon give cardholders the flexibility to choose how they earn rewards based on their changing priorities and interests. This is the first cash back card that offers this level of flexibility on earning and redeeming rewards.

Beginning the week of January 14, 2019, cardholders will be able to choose how they earn their three percent cash back from one of six popular categories: gas, online shopping, dining, travel, drug stores, or home improvement and furnishings. Cardholders will continue to earn two percent cash back at grocery stores and wholesale clubs, and unlimited one percent cash back on all other purchases.

Cardholders can easily change their three percent category for future purchases once each calendar month in their Mobile Banking app or in Online Banking, or make no change and it stays the same. The three percent cash back category will initially be set to gas. The ability to choose the three percent category will automatically be applied to existing Cash Rewards accounts and all new Cash Rewards cards starting in mid-January. 

In addition to changing the way cardholders can earn rewards, the NEA Cash Rewards Credit Card will offer more flexible redemption options. Members will continue to enjoy these other features of the NEA Cash Rewards Credit Card:

  • No annual fee.
  • Cash rewards don’t expire.
  • Cardholders earn three percent and two percent cash back on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then earn one percent.