Core Insights - LendingClub Bank has launched LevelUp Checking, a digital-first financial solution that rewards members for making smart financial decisions and using their own money rather than borrowing [1][2] Group 1: Product Features - LevelUp Checking offers 1% unlimited cash back on debit card purchases for gas, groceries, and pharmacy items [1][6] - Members with a LendingClub personal loan can earn 2% cash back on their monthly loan payments made from their LevelUp Checking account [1][9] - The program is designed to encourage responsible spending and financial behavior among members [2][3] Group 2: Member Benefits - Current LendingClub members can access LevelUp Checking by enrolling in direct deposit, and new members can join by taking out a personal loan or opening a LevelUp Savings account [3][4] - Members using multiple LendingClub products can maximize their rewards, such as earning higher cash back for on-time loan payments [3][4] - The LevelUp Checking account has no account fees, no minimum balance requirements, and offers unlimited ATM rebates [5][10] Group 3: Market Insights - A recent survey indicated that 31% of consumers prioritize rewards or cash back when choosing a credit card, highlighting the demand for such financial incentives [2][11] - The survey also revealed that 42% of consumers have increased their credit card spending primarily on food and groceries due to rising living costs [2][11]

Core Points - Bank of America has launched enhanced cash back offers for its Customized Cash Rewards and Unlimited Cash Rewards credit cards, effective June 1, allowing clients to earn 6% cash back in their chosen category for the first year, an increase from 3% [1][2] - The Unlimited Cash Rewards card will provide 2% cash back on all purchases during the first year, up from 1.5%, with no cap on cash back earnings [1][6] - A welcome bonus of $200 is available for new cardholders who spend $1,000 or more within the first 90 days of opening either card [2][6] Customized Cash Rewards Offer Details - Cardholders can earn 6% cash back in their selected category for the first year, which includes categories such as gas, online shopping, dining, and travel, with 2% at grocery stores and 1% on all other purchases [6] - After the first year, cash back in the chosen category will revert to 3%, with a quarterly limit of $2,500 on combined purchases in the choice category and grocery stores [6] - Cash rewards do not expire as long as the account remains open, and the category of choice can be switched once per month [6] Unlimited Cash Rewards Offer Details - Cardholders will earn unlimited 2% cash back on all purchases for the first year, which will then decrease to 1.5% after the promotional period [6] - There is no limit on cash back earned, and rewards do not expire as long as the account remains open [6] Company Overview - Bank of America is a leading financial institution serving approximately 69 million consumer and small business clients through around 3,700 retail financial centers and 15,000 ATMs [3] - The company is a global leader in wealth management, corporate and investment banking, and trading across various asset classes, serving clients in over 35 countries [3]

Spending patterns often change throughout the year, so being able to adjust your reward categories to reflect your priorities is a massive benefit. The Bank of America® Customized Cash Rewards credit card allows you to pick a 3% cash back category monthly while earning up to 2% cash back at grocery stores and wholesale clubs. While this card is light on benefits, it has no annual fee and includes an intro APR offer to help you save on interest. Learn more about this Bank of America credit card and how to m ...