
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
Here’s the cash back you might earn based on this hypothetical budget:
In total, you’d earn $250 cash back over the year.
If you redeemed that cash back into your eligible Ally Bank account, you’d receive a 10% bonus. That would give you a total deposit of $275.
You must meet the minimum age requirements to apply for this card:
Consider applying for this card with a good to excellent credit score of 670 to 850. If you have better credit, you’re more likely to be rewarded with a higher credit limit and lower APR.
Some customers say other cards offer better rewards on gas. However, many customers like the Ally CashBack Credit Card‘s 2% cash back on gas and groceries.
As of October 2020, Ally Bank has a B- rating from the Better Business Bureau (BBB) and is not accredited by the agency. According to the BBB, it has failed to respond to 148 customer complaints. Some customers say their accounts were shut down unexpectedly; others say the Ally website isn’t as functional as it could be.
TD Bank is the managing bank of the Ally CashBack Credit Card, so you might not receive an immediate decision on your application. If that’s the case, expect to hear back via email within two weeks. You can contact Ally to check on your application status.
If you’re approved, you’ll receive your card in the mail within seven to 10 business days.
Log in to your Ally account to redeem your rewards once you’ve accumulated at least $25 in cash back. You can redeem for statement credit or an electronic deposit into an eligible Ally account.
If you spend $10,000 a year or less on gas and groceries, you’ll probably earn better rewards with the Bank of America® Cash Rewards Credit Card. But if you spend significantly more than that, the Ally CashBack Credit Card could be a fine choice.
Review by
Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com. He's passionate about helping you get your finances in order by expertly navigating cutting-edge financial tools — including credit cards, apps and budgeting software.
The Ally CashBack Credit Card follows the mold of other cashback products, offering no annual fee, a good signup bonus and an intro APR on balance transfers.
It’s somewhat unique for one reason: It offers higher cash back on gas and groceries with no cap on rewards — most cards do. This means you could earn excellent rewards for spending more on gas and groceries.