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 Associate Editor of Bank Innovation. He worked as a web developer for the Fund for the City of New York for six years, and was an HTML developer at Ocean-7 Development back in the go-go ’90s. He has more than 15 years' experience in online journalism. He can be reached at pryanrmg1@gmail.com.

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