If you have an Ally Bank savings or checking account, then check out Ally CashBack Credit Card today. Continue reading below if you are interested in this card! This is a decent everyday card and depositing your rewards into your Ally account will earn a 10% bonus on your redemption.
It features the opportunity to earn $100 bonus when you spend $500 on purchases in the first 90 days of account opening. Not only can you earn 2% cash back at gas stations and grocery stores and 1% cash back on all other purchases, but this card also has no annual fee!
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Ally CashBack Credit Card Summary
|Bonus Available||Get a $100 cash bonus when you spend $500 on eligible purchases in the first 90 days of account opening.|
|Travel Credit||No travel credit|
|Ongoing Rewards/Benefits||Earn 2% cash back at gas stations and grocery stores, and 1% cash back on all other purchases.
Receive a 10% bonus when you deposit your cash rewards into an eligible Ally Bank account.
|Foreign Transaction Fees||3%|
|Airport Lounge Access||N/A|
- No annual fee
- Welcome bonus
- Ally deposit bonus
- Simple rewards
- Good-Excellent credit needed to qualify
- Minimum redemption requirement
- Foreign transaction fees
Editor’s Alternate Pick
The Chase Freedom Flex offers a $200 bonus after you spend $500 on purchases in your first 3 months from account opening.
• Earn 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year.
• Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
• Earn 5% on Chase travel purchased through Ultimate Rewards, 3% on dining and drugstores, and 1% on all other purchases.
You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back. You'll be able to new 5% categories each quarter!
This card has no annual fee.
Ally CashBack Card $100 Bonus Cash Offer
Get the Ally CashBack card’s $100 bonus cash welcome offer. To qualify for this offer, simply charge at least $500 to your card within the first 90 days of your account opening.
Here are some ideas on meeting the spending requirement:
|• Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well.|
|• Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on the bank.|
|• Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't.|
|As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance.
Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes.
Earning Ally CashBack Rewards
With this card, you will be able to earn 2% cash back on gas and grocery spending, as well as, 1% cash back on all other purchases. The downside is that discount stores, superstores and warehousess do not count as “grocery stores”, so you will not be able to earn 2% cash back on your puchases there. This includes retailers like Target, Walmart, BJ’s and Sam’s Club.
There are no spending caps and no expiration on rewards as long as your account is active and in good standing.
Redeeming Ally CashBack Rewards
To view all of your cash rewards and manage them, long into your Ally online account. You are allowed to redeem in $25 increments which you can apply towards:
- Statement credits
- Electronic deposits into an eligible Ally Bank account
The best way to redeem is to deposit your cash back into an Ally account.
Ally Deposit Bonus
The special bonus that is offered with this card is the extra 10% bonus you get when you deposit your cash back into your eligible Ally Bank account. This boosts your rewards rates to 2.2% for cash and groceries and 1.1% cash back on everything else. Also, your sign-up bonus will also get a 10% bonus if you deposit it into an Ally bank account, so you can get a $110 bonus value instead of $100.
To qualify for the redemption bonus, you will need to open a new bank account if you’re not already banking with Ally. A good perk of Ally accounts is that they don’t have any fes, so there’s no risk to opening a new bank account just to get the deposit bonus. If that doesn’t convince, you should also know that Ally accounts earn interest.
*Check out Ally banking bonuses for new accounts.
Why You Should Apply for This Card
This card is best suited for those who already have an account with Ally Bank but you could always join if you aren’t already a member. There’s an introductory bonus of $100 if you spend $500 within the first three months of having this card. You will earn unlimited rewards as you shop by getting 2% cash back at gas stations and grocery stores and 1% cash back on all other purchases! It’s a great card for those of you who want to earn easy cash back for your purchases. All of these benefits for no annual fee sounds like a great offer!
|Best Credit Card Categories|
|0% APR||Airline Rewards||Balance Transfer|
|Cash Back||Hotel Rewards||Military|
|No Annual Fee||No Foreign Transaction Fee||Premium|
|Small Business||Student||Travel Rewards|
If you are on the market for a new credit card, consider signing up for the Ally CashBack Credit Card to start earning cash back on your purchases. There is no annual fee and there is no limit on your rewards so spend and get rewarded today.
You will get a sign up offer of $100 bonus after spending $500 on purchases in the first 90 days of account opening. You could also get a 10% Ally Deposit Bonus when you deposit your cash rewards into an eligible Ally Bank account. We understand that this card isn’t suited for everyone. So if this is the case, feel free to check out our full list of credit card bonus promotions.
The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.
What’s The Competition?
The Capital One SavorOne Cash Rewards Credit Card offers a one-time $200 cash bonus after spending $500 on purchases within the first 3 months from account opening.
You'll earn an unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart and Target, plus 1% on all other purchases.
This card comes with no annual fee and no foreign transaction fees.
The Capital One Quicksilver Cash Rewards Card offers a one-time $200 cash bonus after spending $500 on purchases within 3 months from account opening.
You'll be able to earn an unlimited 1.5% cash back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards.
This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card.