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Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. SHARE: Jovanmandic/Getty Images November 01, 2022 Checkmark Bankrate logo How is this page expert verified? At Bankrate, we take the accuracy of our content seriously. "Expert verified" means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Their reviews hold us accountable for publishing high-quality and trustworthy content. Claire Dickey is a product editor for Bankrate, and . Before joining Bankrate, Claire worked as a copywriter for brands within the telecommunications industry as well as a hybrid marketing and content writer. Liz Bingler is an Associate Editor for CreditCards.com and Bankrate, where she focuses on product news and reviews. As an editor, her goal is to produce content that will help people to make informed financial decisions. Cathleen's stories on design, travel and business have appeared in dozens of publications including the Washington Post, Town & Country, Wall Street Journal, Marie Claire, Fodor’s Travel, Departures and The Writer. Bankrate logo The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Bankrate logo The Bankrate promise
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. In 2022, Ally Bank announced three new credit cards: Ally Unlimited Cash Back Mastercard, Ally Everyday Cash Back Mastercard and Ally Platinum Mastercard. All three cards are currently available by invitation only. Previously, Ally Bank offered a different cash back card that was discontinued in 2019. Ally is now stepping up to the plate with cards to suit a variety of consumers, including two cash back cards — one a and the other a bonus-category card — and one credit-building option. The details
Two of the three charge no annual fee, and all have a regular variable APR between 17.99 percent and 28.99 percent. Here’s a closer look at what distinguishes them: Ally Unlimited Cash Back Mastercard
Rewards rate: Unlimited 2 percent cash back on every purchase Annual fee: $0 The Ally Unlimited Cash Back Mastercard offers a flat rate on all purchases, making it a good option for consumers who prefer a hassle-free rewards card. Further, Ally states there’s no expiration date on your rewards, as well as no minimum requirements in terms of redeeming your rewards. Ally Everyday Cash Back Mastercard
Rewards rate: 3 percent cash back at gas stations, grocery stores and drugstores; 1 percent cash back on everything else Annual fee: $0 to $39 Those looking for an with rewards specifically on groceries, filling up the tank and drugstore purchases will appreciate the Ally Everyday Cash Back Mastercard. And similar to the Unlimited Cash Back Mastercard, cardholders don’t need to worry about rewards expiring or accumulating a certain amount of rewards for redemption. Ally Platinum Mastercard
Rewards rate: None Annual fee: $0 Cardholders won’t earn rewards with the Ally Platinum Mastercard, but those looking to improve their credit and access a will appreciate the card’s automatic credit line reviews. Additionally, according to the bank, cardholders can get access to a higher credit line after the first five on-time payments. Shared card offerings
All three cards boast no “unnecessary fees,” including , no over-the-limit fees (should you exceed your credit limit), no returned payment fees and no interest rate hike if you make a late payment. There’s also free access, helping cardholders stay on top of changes to their score. Additional benefits across all cards include: Zero fraud liability Fraud monitoring 24/7 customer service Card lock feature Are the new Ally Bank credit cards worth it
If you already bank with Ally and are looking to deepen your relationship by opening a credit card, you have a few good options to choose from. Plus, according to Ally, the cards may soon offer for up to 15 months on both purchases and balance transfers (17.99 percent to 28.99 percent variable APR after), which may sweeten the deal for consumers looking to pay off a large, upcoming purchase or pay off existing without paying interest. The Ally Unlimited Cash Back Mastercard’s unlimited 2 percent cash back for no annual fee puts it on par with cards like the and . But unlike these cards, the Ally card doesn’t advertise welcome bonuses nor guarantee a zero-interest introductory offer. The same goes for the Ally Everyday Cash Back Mastercard, though it does offer a solid cash back rate on everyday purchases with no spending cap. Similar gas and grocery cards feature a limit on spending, after which you’ll earn 1 percent cash back or 1X points — such as the . This may be enough to hook big spenders looking to earn as much as possible on their daily gas, grocery and drugstore purchases. And if the Platinum Mastercard has piqued your interest, it may be worth applying for if your top priority is accessing a higher line of credit and you’re unable to qualify for better credit-building cards that offer ongoing rewards. The , no rate hike after a late payment and free FICO credit score access are certainly perks, though. The bottom line
Be on the lookout for more card launches from Ally, as the bank has noted consumers can expect more products in the future. Given the general lack of fees and impressive cash back rewards rates on two of the cards, we’re interested to see what else Ally has in store. SHARE: Claire Dickey is a product editor for Bankrate, and . Before joining Bankrate, Claire worked as a copywriter for brands within the telecommunications industry as well as a hybrid marketing and content writer. Liz Bingler is an Associate Editor for CreditCards.com and Bankrate, where she focuses on product news and reviews. As an editor, her goal is to produce content that will help people to make informed financial decisions. Cathleen's stories on design, travel and business have appeared in dozens of publications including the Washington Post, Town & Country, Wall Street Journal, Marie Claire, Fodor’s Travel, Departures and The Writer. Related Articles