Ally Launches Cashback Credit Card [VIDEO]

Ally Bank announced today that it offers a cashback rewards credit card to its customers, but Ally is not the card issuer. The issuer of the card is TD Bank.

“Our customers wanted a credit card and through our relationship with TD, we were able to deliver a customized solution in a timely manner and expand Ally Bank’s product offerings,” said Ally Bank CEO Diane Morais.

The card carries no annual fee, and offers 2% back on gas and groceries, and 1% on other purchases. When customers put their cash rewards into an Ally deposit account, they receive a 10% bonus.

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