
Ally CashBack Credit Card
Rewards rate
1%–2%Annual fee
$0Intro offer
N/ARegular APR
15.24% 20.24% 25.24% Variable based on your creditworthinessAt Bankrate, we have a mission to demystify the credit cards industry — regardless or where you are in your journey — and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to:
At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
This content is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate.com. HomeInsurance.com LLC services are only available in states were it is licensed and insurance coverage through HomeInsurance.com may not be available in all states. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
4.4
Rewards rate
1%–2%Annual fee
$0Intro offer
N/ARegular APR
15.24% 20.24% 25.24% Variable based on your creditworthinessThe 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.
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.
Annual fee
$0Intro offer
N/ARewards rate
1%–2%Recommended credit
Annual fee
$0Intro offer
$200Rewards rate
1%–3%Recommended credit
Good to Excellent(670 - 850)This card might be right for you if you’re an Ally Bank customer and you’re looking for an uncomplicated rewards credit card.
For rates and fees of the Blue Cash Everyday® Card from American Express, please click here.
* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.
Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.