About the Card
The Ally Everyday Cash Back Mastercard is a reward-focused credit card designed to help users earn cash back on their everyday purchases.
Issued by Ally Bank, this card provides an excellent way to maximize spending benefits while enjoying a transparent fee structure and a seamless digital banking experience.
Who Should Consider This Card?
This card is ideal for individuals who frequently use their credit card for daily expenses and want to earn cash back without worrying about complicated rewards programs.
It’s also a great option for those looking for a card with no annual fee and a straightforward way to save money on recurring purchases.
Key Benefits of the Card
- Generous Cash Back Rewards: Earn 3% cash back on dining, grocery, and gas station purchases, 2% on streaming services, and 1% on all other purchases.
- No Annual Fee: Enjoy the benefits of a rewards card without having to pay an annual membership fee.
- Introductory APR Offer: Take advantage of a 0% introductory APR on purchases and balance transfers for the first 12 months.
- Flexible Redemption Options: Redeem your cash back rewards as statement credits, direct deposits, or even toward eligible purchases.
- Automatic Rewards: Your cash back is automatically credited to your account, so you never miss out on savings.
- Additional Purchase Protection: Get extended warranty and purchase protection for eligible transactions.
- Exclusive Ally Bank Perks: Access to additional financial tools and integration with your Ally Bank account for seamless management.
Additional Features & Protections
- Fraud Protection: Real-time fraud monitoring and zero liability for unauthorized transactions.
- Mastercard ID Theft Protection™: Complimentary identity theft monitoring and assistance.
- Mobile Wallet Compatibility: Works with Apple Pay, Google Pay, and Samsung Pay for secure and convenient transactions.
- Travel and Emergency Assistance: Access to emergency services and support when traveling abroad.
- Car Rental Insurance: Automatic coverage on eligible car rentals when you use your card.
Fees & Interest Rates
- Annual Fee: $0
- Introductory APR: 0% for 12 months on purchases and balance transfers
- Regular APR: Variable APR ranging from 15.99% to 23.99% based on creditworthiness
- Balance Transfer Fee: 3% of the transferred amount
- Foreign Transaction Fee: None – ideal for international travelers
- Late Payment Fee: Up to $40
Is the Ally Everyday Cash Back Mastercard Worth It?
The Ally Everyday Cash Back Mastercard is a solid choice for anyone looking to maximize rewards on essential spending categories such as dining, groceries, and gas.
With no annual fee, competitive cash back rates, and added financial protections, it offers significant value.
The 0% intro APR period also makes it attractive for those planning large purchases or balance transfers.
However, users who want premium travel benefits or higher cash back rates on specific categories may find other cards more rewarding.
Overall, this card is a fantastic option for everyday spending and those who appreciate a hassle-free rewards structure with valuable financial protections.
Fees and charges
● APR: 22.99% - 29.99%;
● Balance Transfer Fee: 4% or $5, whichever's greater;
● Cash Advance: 5% or $10, whichever's greater.
Expert review
The Ally Everyday Cash Back Mastercard Credit Card is a solid choice for individuals looking to earn consistent rewards on daily purchases.
With a straightforward cashback structure, it offers valuable savings on groceries, gas, and dining.
The absence of an annual fee enhances its appeal, making it cost-effective for budget-conscious users.
Additionally, its fraud protection and zero-liability policy ensure security.
However, the higher APR for carried balances may be a concern for those who don’t pay in full.
Overall, it’s a rewarding option for responsible spenders.
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+Pros
- Cash Back Rewards: Earn competitive cashback on everyday purchases, including groceries, gas, and dining.
- No Annual Fee: Enjoy the benefits of the card without worrying about extra costs.
- Security Features: Comes with fraud protection, zero-liability coverage, and Mastercard ID theft protection.
- Flexible Redemption Options: Redeem cashback as statement credits or deposits into eligible Ally Bank accounts.
- Contactless Payments: Tap-and-go technology makes transactions faster and more convenient.
- Cons
- High APR: Interest rates can be high if you carry a balance, making it less ideal for those who don't pay in full.
- No Introductory APR Offer: Unlike some competitors, this card does not offer a 0% APR period for purchases or balance transfers.
- Limited Travel Benefits: Lacks premium travel perks such as airport lounge access or travel insurance.
