The Ally CashBack Credit Card has an introductory offer of: $100 bonus cash when at least $500 is spent in the first 90 days of opening your account. Even though this isn’t the best welcome bonus there is to offer, it’s still a good card to have with no annual fees attached. The Chase Freedom® card will also give you a similar welcome bonus with their spending qualifications.
WIth this Ally brand, the Ally CashBack credit card is simple and easy to use for their clients. They will offer you a 2% cash back for gas and groceries and 1% cash back for all other expenses. When you deposit your rewards to the Ally Bank account, you will receive an extra 10% bonus for the redemption you’ve made.
However, if you’re not one to spend much on gas and groceries, or if you don’t have a bank account with Ally, then you should consider getting a different credit card.
Ally CashBack Card Quick Facts
| Bonus Available | Receive a $100 cash bonus when at least $500 is spent on qualifying expenses in the first 90 days of opening your account. |
| Bonus Value | $110 |
| Ongoing Rewards/Benefits | Gain 2% cash back at gas stations and grocery stores, and 1% cash back on any other expenses.
Get a 10% bonus when you deposit your cash rewards into a qualifying Ally Bank account. |
| Foreign Transaction Fees? | 3% |
| Annual Fee | $0 |
Recommended Free Credit Score (Get Free Score)
690 – 850 (Good – Excellent)
*If interested see our list of Ally Bank online Checking & Savings accounts.*
Pros
- No annual fee
- Welcome bonus
- Ally deposit bonus
- Simple rewards
Cons
- Good-Excellent credit needed to qualify
- Minimum redemption requirement
- Foreign transaction fees
Editor’s Alternate Pick
 The Chase Freedom FlexSM offers a $200 bonus after spending $500 on purchases in your first 3 months from account opening. 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR. You'll earn: • 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! • 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more • 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service • Unlimited 1% cash back 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. This card has no annual fee. |
Ally CashBack Card $100 Bonus Cash Offer
Make use of the Ally CashBack card’s introductory bonus offer of: $100 cash. You must charge your card with a minimum of $500 in the first 90 days of having your account open to be able to qualify for this credit card offer.
Here are some ideas on meeting the spending requirement:
Earning Ally CashBack Rewards
Gain 2% cash back for gas and grocery expenses, and 1% cash back for any other expenses. However, there are certain places such as: discount stores, superstores, and warehouses that will not qualify as a “grocery store.” Going to these places will not allow you to get 2% cash back for your purchases. In other words, this would mean places like: Target, Walmart, BJ’s, and Sam’s Club.
But there will be no spending caps or expiry date for your rewards so long as your account has no problems with it.
Redeeming Ally CashBack Rewards
You will need to log into your Ally online account to be able to keep up with your cash rewards. When redeeming your rewards, you’ll be able to redeem $25 at a time, which can be used towards:
- Statement credits
- Electronic deposits into an eligible Ally Bank account
To receive the best value for your rewards, you should deposit your cash back to your Ally account (more on that below).
Ally Deposit Bonus
Receive an additional 10% bonus when you deposit your cash back into your Ally Bank account. Doing this will be able to get you to increase your rewards rates to 2.2% for gas and groceries, and 1.1% on other purchases. In other words, your welcome bonus will also receive an extra 10% bonus when you deposit into your Ally Bank account. In the end, this would mean that you will be able to make $110 instead of $100.
If you want to be able to qualify for this redemption bonus, then you will have to create a new bank account if you aren’t an Ally client. Using the Ally account will come with no additional fees, so you won’t have to pay a charge when you open an account for your deposit bonus. You will even be able to gain interest when using an Ally account.
Bottom Line
The Ally CashBack card is an amazing credit card to own for people who already bank with Ally. Even though they don’t offer the best rates, they do make up for that by giving you a good return on gas and grocery purchases.
While the rewards rate for other expenses is alright, you would need to spend quite a decent amount of money on gas and grocery shopping to be able to get the most out of this card. In other words, if you aren’t a big spender on these categories, then you should consider other credit card offers that will give you a bigger return rate for your purchases.
(Visit Ally Bank for more information)
What’s the Competition?
There are some of Ally CashBack credit card’s top competitors listed below.
 The Capital One Savor Cash Rewards Credit Card offers a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening. 0% intro APR on purchases and balance transfers for 15 months; variable APR after that; balance transfer fee applies You'll earn: • 3% Cash Back at grocery stores (excluding superstores like Walmart and Target), on dining, entertainment and popular streaming services. • 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply). • 8% Cash Back on Capital One Entertainment purchases. • 1% Cash Back on all other purchases. This card comes with no annual fee and no foreign transaction fees. |
 The Capital One Quicksilver Cash Rewards Card offers $200 Cash Back after spending $500 on purchases within 3 months from account opening. 0% intro APR on purchases and balance transfers for 15 months; variable APR after that; balance transfer fee applies You'll earn: • 1.5% Cash Back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards. • Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply. 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. |
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