Ally CashBack Credit Card

Robin Saks Frankel  in  Cash Back Advertising Disclosure
Annual Fee:
No Annual Fee.
Purchase Intro APR:
Balance Transfer Intro APR:
0% Introductory APR for the first 12 billing cycles after Account opening. After that, your APR will be 13.24%, 18.24% or 23.24% based on your creditworthiness. All APRs will vary with the market based on the Prime Rate.
Regular APR:
13.24%, 18.24% or 23.24%, based on your creditworthiness. All APRs will vary with the market based on the Prime Rate.
Terms and Restrictions Apply | Rates and Fees
Bankrate Score: 88 out of 100

Commonly used for: Cash Back, Good Credit, No Annual Fee, Rewards.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our cash back category page.

The Ally CashBack Credit Card offered by the online bank of the same name just doesn’t have that wow factor we’ve seen in other cash-back cards. Offering a just-OK 2% rate on groceries and gas and 1% on all other purchases, Ally CashBack is easily bested by several others that offer greater rewards value and other perks.

That being said, this is a perfectly fine credit card for someone who wants no complications, especially if you own an Ally Bank deposit account.


Although there’s a lot to like about Ally Bank, the Ally CashBack Credit Card could use a little improvement.

First the good: There’s no annual fee, and you can earn a $100 bonus if you make $500 in eligible purchases within the first three months of opening the account.

Now the rest: There are several other cards on the market that offer better rewards. Even though this card comes with a 10% bonus if you deposit your earnings in an Ally bank account, this still isn’t a strong enough rewards rate to choose this card over another.

Ally pays an unlimited 2% back on all eligible grocery and gas spending. If you spend $500 one month at the supermarket and $500 on other purchases on the Ally CashBack Credit Card, you’ll earn $15 back in rewards, plus another 15 cents if you deposit it into your Ally account. If you spent that same $500 at the supermarket and another $500 on other purchases using a card like the Citi Double Cash, which pays 1% when you buy and another 1% when you pay your bill, you’d earn a total of $20 cash back for the same amount.

There are also cash back credit cards that pay bigger rewards specifically on groceries or gas, although these typically have spending caps or are part of a rotating category program and good for only a limited time. Still, the Ally CashBack Credit Card could stand to gain some other perks that might make it a better card, like an introductory 0% APR offer for example.

Who should get this card

This card might be right for you if you’re an Ally Bank customer and  you’re looking for an uncomplicated rewards credit card.

  • The sign-up bonus is pretty easily attainable.
  • The rewards on grocery and gas spending are decent.
  • If you choose to have your rewards deposited into your Ally bank account you’ll get a 10% bonus.
  • Other cards pay higher rates.
  • This card comes with a 3% foreign transaction fee, making it a poor choice for overseas travel.
  • If you close your account, you’ll forfeit any unredeemed cash-back earnings.

Fees and APR

  • Pay no annual fee.
  • The variable APR for purchases and balance transfers is 14.24% to 24.24% based on creditworthiness.
  • Pay a 3% foreign transaction fee on purchase made outside the U.S.
  • Balance transfer fee is $5 or 3% of the amount transferred, whichever is greater.
  • Late payments won’t affect your APR, but you may be subject to a late fee of up to $35.

Extras, perks and using points

Ally Bank pays a 10% bonus on all rewards deposited into an Ally bank account.

To redeem your points, log into your Ally account online and choose to either deposit the rewards into your account or receive them as a statement credit on your bill. You have to have a minimum of $25 worth of rewards in order to redeem. There is no charge to redeem your rewards.

How this card compares

Citi® Double Cash Card
  • Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.74% - 25.74% based on your creditworthiness*
  • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases
  • No categories to track, no caps on cash back, no annual fee*
Apply Now On Citi's secure website
Credit Needed

Excellent, Good

Regular APR

15.74% - 25.74%* (Variable)

Annual Fee


Purchase Intro APR


Balance Transfers Intro APR

0% 18 months on Balance Transfers*

When it comes to rewards value, the Citi Double Cash Card ranks among the very best cash-back credit cards that charge no annual fee.

So why, you might ask, does this card not receive a higher score from Bankrate? There are a couple reasons, but the main thing dragging this card down is this: Because Citi Double Cash offers no sign-up bonus, it struggles to compete with many cards in this category.

Fidelity® Rewards Visa Signature® Card
  • Earn unlimited 2% cash-back on every net purchase.
Credit Needed


Regular APR

14.99%. This APR will vary with the market based on the Prime Rate.

Annual Fee

No Annual Fee.

Balance Transfers Intro APR

The Fidelity Rewards Visa Signature Card offers a best-in-class unlimited 2% cash back on all purchases. You don’t need to have an account with Fidelity to apply for this card, but if you do, you can have your earnings deposited directly into your account or applied as a statement credit to your card. This card also comes with Visa Signature benefits.

Chase Freedom Unlimited®
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • Unlimited 1.5% cash back on every purchase - it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
Apply Now On Chase's secure website
Credit Needed


Regular APR

17.24% - 25.99% Variable

Annual Fee


Purchase Intro APR

0% Intro APR on Purchases for 15 months

Balance Transfers Intro APR

0% Intro APR on Balance Transfers for 15 months

The Chase Freedom Unlimited is a solid, straightforward cash-back rewards card that’s ideal for cardholders who just don’t have the time or energy to track spending categories. It ranks among the very best cash-back credit cards we track.

There are other cards that offer better rewards, but the Freedom Unlimited’s 1.5% cash back on everything is an excellent reward coming from a no-annual-fee credit card.