Apply for the Ally Unlimited Cash Back Mastercard

The Ally Unlimited Cash Back Mastercard® is a no-annual-fee credit card that offers straightforward, unlimited cash back on every purchase.

This card is perfect for individuals who want to earn rewards without the complexity of rotating categories or spending requirements.

With its high earning rate and the flexibility of cash back rewards, the Ally Unlimited Cash Back Mastercard makes it easy to start earning right away, regardless of your spending habits.

In this article, we will take a deep dive into the card’s features, benefits, drawbacks, application requirements, fees, and frequently asked questions to help you determine whether it’s the right card for you.

Card Overview

The Ally Unlimited Cash Back Mastercard® is a straightforward cash back credit card that provides 1.5% unlimited cash back on every purchase, with no rotating categories or complex bonus categories to track.

Cardholders can redeem the cash back rewards as a statement credit, deposited directly into an Ally account, or transferred to other eligible accounts.

This simplicity, combined with the no annual fee and the flexibility of rewards redemption, makes it an attractive option for those seeking a simple, no-fuss rewards card.

Reasons to Choose the Ally Unlimited Cash Back Mastercard

1. Unlimited 1.5% Cash Back: The Ally Unlimited Cash Back Mastercard® stands out with its 1.5% unlimited cash back on all purchases, regardless of category. Whether you’re buying groceries, filling up your gas tank, or making online purchases, you’ll earn cash back without any restrictions or spending limits.
2. No Annual Fee: One of the most appealing aspects of the card is the no annual fee. Many cash back cards charge an annual fee, but the Ally Unlimited Cash Back Mastercard® eliminates this cost, making it a great choice for individuals who want to earn rewards without incurring extra charges.
3. Flexible Cash Back Redemption Options: You can redeem your cash back in a way that works for you. Whether you prefer a statement credit, a deposit into an Ally account, or a transfer to another eligible bank account, you have the flexibility to choose how to use your rewards. This ease of use and flexibility make it simple to get value from your cash back.
4. No Rotating Categories: Unlike other cash back cards that require you to track rotating categories or opt-in for bonus categories, the Ally Unlimited Cash Back Mastercard® earns 1.5% cash back on every purchase, no matter what you’re buying. This simplicity means there’s no need to worry about tracking category changes or meeting spending requirements.
5. Introductory APR Offer: New cardholders enjoy an introductory 0% APR on purchases for the first 12 months. After the introductory period ends, the APR will be a variable rate, which is competitive for a cash back card. This can be a great benefit if you plan to make large purchases in the first year and pay off the balance over time.
6. No Foreign Transaction Fees: The Ally Unlimited Cash Back Mastercard® does not charge foreign transaction fees. This makes it an excellent choice for international travelers who want to earn rewards without incurring extra costs when using the card abroad.

Ally Unlimited Cash Back Mastercard Card

Negative Aspects of the Ally Unlimited Cash Back Mastercard

While the Ally Unlimited Cash Back Mastercard® offers several benefits, it’s important to consider the following drawbacks:

1. No Sign-Up Bonus: Unlike many other cash back or rewards cards, the Ally Unlimited Cash Back Mastercard® does not offer a sign-up bonus. While this may not be a deal-breaker for those who want a simple cash back card, it’s worth noting if you’re looking for immediate rewards after signing up.
2. Moderate APR: While the 0% introductory APR on purchases for the first 12 months is an attractive feature, the regular APR after the intro period can be higher than other cards on the market. Depending on your creditworthiness, the APR can range from 19.24% to 29.24% (variable), which is typical for cash back credit cards.
3. Limited Rewards Beyond 1.5% Cash Back: The Ally Unlimited Cash Back Mastercard® offers a flat 1.5% cash back on all purchases. While this is a competitive rate for a simple cash back card, it lacks the bonus categories that many other cards offer, such as 3% on dining or 5% on rotating categories.

How to Apply for the Card

Visit the Official Ally Website:
Go to Ally’s official website and navigate to the section featuring the Ally Unlimited Cash Back Mastercard.

Review Card Details and Requirements:
Carefully read about the card’s features, benefits, rewards system, and eligibility criteria to ensure it meets your needs.

Click “Apply Now”:
Locate and click the “Apply Now” button to begin the secure online application process.

Complete the Application Form:
Fill in your personal and financial information accurately, including your name, address, Social Security number, income, and employment details.

Submit Required Documentation:
If prompted, upload any necessary documents such as proof of income, identification, or residency to support your application.

Review and Accept Terms and Conditions:
Read through the card’s terms and conditions thoroughly. Agree to them by selecting the appropriate checkbox if you are comfortable with the details.

Submit Your Application:
Once all fields are correctly filled out and reviewed, submit your application. You will receive an email confirmation and further instructions regarding the review process.

Monitor Your Application Status:
Check your email or account dashboard for updates on your application status, and be ready to provide any additional information if requested.

Fees and Costs

Here is a breakdown of the fees and costs associated with the Ally Unlimited Cash Back Mastercard®:

1. Annual Fee: $0. There is no annual fee for this card, making it an excellent option for those looking to avoid ongoing costs.
2. APR: After the 0% introductory APR on purchases for the first 12 months, the regular APR will range from 19.24% to 29.24% variable, depending on your creditworthiness. This rate is typical for a no-annual-fee cash back card.
3. Foreign Transaction Fees: $0. This card has no foreign transaction fees, which is a significant benefit for international travelers.
4. Cash Advance Fee: The fee for a cash advance is 5% of the transaction amount, with a minimum of $10.
5. Late Payment Fee: If your payment is late, the fee can be up to $40.
6. Returned Payment Fee: A returned payment fee can also be up to $40.

Frequently Asked Questions About the Ally Unlimited Cash Back Mastercard

1. How much cash back do I earn with the Ally Unlimited Cash Back Mastercard®?

You earn 1.5% unlimited cash back on every purchase, regardless of the category. There are no spending limits or rotating categories to track.

2. How do I redeem my cash back rewards?

You can redeem your cash back rewards as a statement credit, deposit them into an Ally account, or transfer them to another eligible bank account.

3. Is there a sign-up bonus for the Ally Unlimited Cash Back Mastercard®?

No, the card does not offer a sign-up bonus. However, you earn unlimited 1.5% cash back on every purchase from day one.

4. Does the Ally Unlimited Cash Back Mastercard® have foreign transaction fees?

No, the card does not charge any foreign transaction fees, making it a great option for international travelers.

5. Is there an introductory APR offer for new cardholders?

Yes, the Ally Unlimited Cash Back Mastercard® offers 0% APR on purchases for the first 12 months. After that, the regular APR will apply, depending on your creditworthiness.

6. Does the Ally Unlimited Cash Back Mastercard® offer any travel perks?

While the Ally Unlimited Cash Back Mastercard® is a great card for everyday purchases, it does not offer any specific travel benefits such as lounge access, travel insurance, or concierge services.