Ally Bank Launches Its First Cash Back Credit Card
Just this week I wrote about a new tool Consumer Reports launched to help consumers find the best cash back credit card. Now we can add a new card option to the list. Allyannounced the introduction of its first credit card–the Ally CashBack Credit Card.
The Visa Signature card offers above average rewards. It pays 2% cash back on purchases at gas stations and grocery stores, and 1% cash back on all other purchases. There are no spending caps on these rewards. Ally also adds a 10% bonus when a consumer has the rewards deposited into an eligible Ally bank account.
The card also offers a $100 bonus when you make $500 in eligible purchases during the first 3 billing cycles. It comes with a 0% introductory APR on balance transfers for 12 billing cycles (the 0% offer does not apply to purchases). The card works with Apply Pay and Samsung Pay, and there is no annual fee.
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