Ally Launches Cashback Credit Card [VIDEO]

  • Philip Ryan
  • June 16, 2016
  • 3

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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Philip Ryan is Senior Editor of Bank Innovation and Senior Director of INV Fintech. He began covering financial services in 2012 and has more than 15 years' experience in online journalism. He can be reached at pryan@royalmedia.com.

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