Ally Cash Back VISA

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
11 posts
JonE
Centurion Member
Centurion Member
 
Posts: 335
Joined: Sat Jan 24, 2015 9:55 am
Location: Denver

Ally Cash Back VISA

Postby JonE » Thu Jun 16, 2016 10:08 am

Ally bank now has a credit card, a VISA with 2% Cash back on eligible Gas and Grocery purchases (I assume that means no Walmart, Target or Costco) and 1% on everything else. Plus rewards that don't expire as long as your account is open and in good standing. I can only see it being useful for Ally customers like me who wish to have additional cash put in to their accounts. But 2% on a few categories and 1% on everything isn't much at all. Too bad it's not a straight up 2% card.

EDIT: I also just read that it has a 10% bonus when your cash back is transferred into an Ally account. That might do it for me.

It is underwritten by TD bank, I can't think of any other cards off the top of my head that are.
Current Cards: Chase Freedom, Discover IT
Future: TBD


4ktvs
Centurion Member
Centurion Member
 
Posts: 146
Joined: Thu Nov 05, 2015 8:00 pm

Re: Ally Cash Back VISA

Postby 4ktvs » Thu Jun 16, 2016 11:21 am

JonE wrote:Ally bank now has a credit card, a VISA with 2% Cash back on eligible Gas and Grocery purchases (I assume that means no Walmart, Target or Costco) and 1% on everything else. Plus rewards that don't expire as long as your account is open and in good standing. I can only see it being useful for Ally customers like me who wish to have additional cash put in to their accounts. But 2% on a few categories and 1% on everything isn't much at all. Too bad it's not a straight up 2% card.

EDIT: I also just read that it has a 10% bonus when your cash back is transferred into an Ally account. That might do it for me.

It is underwritten by TD bank, I can't think of any other cards off the top of my head that are.


One is Blispay (TD card services/TD bank does the underwriting on this from what I understand.)

I think the target card is as well. They also have there own products, but really nothing that stands out from the rest.

CC Deville
Centurion Member
Centurion Member
 
Posts: 1075
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Re: Ally Cash Back VISA

Postby CC Deville » Fri Jun 17, 2016 4:58 pm

[quote="It is underwritten by TD bank, I can't think of any other cards off the top of my head that are.[/quote]

TD Bank issues the Nordstrom store card, Nordstrom Visa, Target store card, Target MasterCard as well as various smaller retail establishments through TD Retail Services.

This new Ally credit card could work for current Ally customers; but I am not sure of the 10% redemption bonus towards the Ally bank account would be enough to sway people from Double Cash or any of the 1.5% cash back cards (as most people spend the most at the "other" 1% categories).

dickey1331
Centurion Member
Centurion Member
 
Posts: 229
Joined: Thu Mar 07, 2013 10:59 pm
Location: Houston, TX

Re: Ally Cash Back VISA

Postby dickey1331 » Fri Jun 17, 2016 8:57 pm

I came here to post this lol. I'm thinking about getting this card. I have an IRA and savings account with Ally. I do really like them.
Platinum Delta Skymiles $12,900
Marriott Rewards Premier $12,000
Discover IT $12,000
USAA Cash Rewards $11,000
American Express Blue Cash Preferred $10,000
Chase Sapphire Preferred $6,500
Best Buy $6,000
Chase Freedom $4,500
Zales $4,000
Amazon Prime $4,000

Nixon
Centurion Member
Centurion Member
 
Posts: 1078
Joined: Mon Nov 03, 2014 11:12 am
Location: Great Southwest

Re: Ally Cash Back VISA

Postby Nixon » Fri Jun 17, 2016 10:25 pm

dickey1331 wrote:I came here to post this lol. I'm thinking about getting this card. I have an IRA and savings account with Ally. I do really like them.


Save the inquiry and apply for a Blispay instead.
Image

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 3755
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Re: Ally Cash Back VISA

Postby CarefulBuilder14 » Fri Jun 17, 2016 10:48 pm

$100 bonus (potentially $110, I suppose, with 10% bonus?) for $500 spend in 3 months.
2.2% for gas and groceries.
1.1% for everything else.

If someone has a somewhat thin file, or values a new no-AF account as being worth about $100, then that's the only appeal I see.

dickey1331 wrote:I came here to post this lol. I'm thinking about getting this card. I have an IRA and savings account with Ally. I do really like them.

The rewards may be easy to redeem, but after the first $500 of spending, how often are you really going to pick this card over BCP or a miles card?

The terms also state you must call them to redeem rewards, and redemptions have a $25 minimum.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

dickey1331
Centurion Member
Centurion Member
 
Posts: 229
Joined: Thu Mar 07, 2013 10:59 pm
Location: Houston, TX

Re: Ally Cash Back VISA

Postby dickey1331 » Sun Jul 24, 2016 3:35 pm

CarefulBuilder14 wrote:$100 bonus (potentially $110, I suppose, with 10% bonus?) for $500 spend in 3 months.
2.2% for gas and groceries.
1.1% for everything else.

If someone has a somewhat thin file, or values a new no-AF account as being worth about $100, then that's the only appeal I see.

dickey1331 wrote:I came here to post this lol. I'm thinking about getting this card. I have an IRA and savings account with Ally. I do really like them.

The rewards may be easy to redeem, but after the first $500 of spending, how often are you really going to pick this card over BCP or a miles card?

The terms also state you must call them to redeem rewards, and redemptions have a $25 minimum.


I ended up getting the card but you don't have to call them to redeem rewards to your savings account, which is a plus.
Platinum Delta Skymiles $12,900
Marriott Rewards Premier $12,000
Discover IT $12,000
USAA Cash Rewards $11,000
American Express Blue Cash Preferred $10,000
Chase Sapphire Preferred $6,500
Best Buy $6,000
Chase Freedom $4,500
Zales $4,000
Amazon Prime $4,000

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 3755
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Re: Ally Cash Back VISA

Postby CarefulBuilder14 » Sun Jul 24, 2016 7:38 pm

dickey1331 wrote:
CarefulBuilder14 wrote:$100 bonus (potentially $110, I suppose, with 10% bonus?) for $500 spend in 3 months.
2.2% for gas and groceries.
1.1% for everything else.

If someone has a somewhat thin file, or values a new no-AF account as being worth about $100, then that's the only appeal I see.

dickey1331 wrote:I came here to post this lol. I'm thinking about getting this card. I have an IRA and savings account with Ally. I do really like them.

The rewards may be easy to redeem, but after the first $500 of spending, how often are you really going to pick this card over BCP or a miles card?

The terms also state you must call them to redeem rewards, and redemptions have a $25 minimum.


I ended up getting the card but you don't have to call them to redeem rewards to your savings account, which is a plus.

Any plans to kill AF cards?
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

augiedog
Centurion Member
Centurion Member
 
Posts: 252
Joined: Fri Jun 07, 2013 9:46 am
Location: Broward County FL

Re: Ally Cash Back VISA

Postby augiedog » Mon Jul 25, 2016 6:14 pm

Bank of America gives 2% back on groceries/costco and 3% on gas, plus at least a 10% bonus if you deposit into your BoA checking or savings. If you have a platinum preferred checking you can get a 50% bonus (possibly even more).
American Express: Blue Cash Everyday (10k), Everyday, ; Discover It (7.3k) ; Target (2.1k)

Citi: Diamond (2k) ; Bank of America: Cash Rewards (2.6k) ; Capital One: Quicksilver (3k) , Sony ; Chase: Freedom (3.7k), Slate (3k), (Amazon) ; Barclay Ring ; Synchrony: Walmart MC, Amazon, Ebates

dickey1331
Centurion Member
Centurion Member
 
Posts: 229
Joined: Thu Mar 07, 2013 10:59 pm
Location: Houston, TX

Re: Ally Cash Back VISA

Postby dickey1331 » Mon Jul 25, 2016 6:23 pm

CarefulBuilder14 wrote:
dickey1331 wrote:
CarefulBuilder14 wrote:$100 bonus (potentially $110, I suppose, with 10% bonus?) for $500 spend in
Any plans to kill AF cards?



Both of my AMEXs I get the AF waived permanently so I'll keep them. I use my Marriott for hotel stays so that one stays. I'm on the fence with my CSP. It's nice because i can transfer my Freedom points to Marriott but I dont know if thats really worth keeping.
Platinum Delta Skymiles $12,900
Marriott Rewards Premier $12,000
Discover IT $12,000
USAA Cash Rewards $11,000
American Express Blue Cash Preferred $10,000
Chase Sapphire Preferred $6,500
Best Buy $6,000
Chase Freedom $4,500
Zales $4,000
Amazon Prime $4,000



Return to “Visa & MasterCard”

Who is online

Users browsing this forum: No registered users and 2 guests