Ally Bank Rolls Out Debit-Card Rewards Program

The online bank is offering its account holders perks at a time when many banks are taking them away.

At a time when many banks are eliminating debit-card reward programs, one bank has just created a new one. Today Ally Bank introduced Ally Perks, a cash-back program for customers with the online bank's Interest Checking Debit Card.

The program is simple. Ally debit cardholders don't have to rack up points and redeem them to get their cash reward. Instead, when they spend a certain amount on purchases at any of the 20 participating merchants, cash is automatically deposited in their Ally checking or savings account (they can choose which account).

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Cameron Huddleston
Former Online Editor,

Award-winning journalist, speaker, family finance expert, and author of Mom and Dad, We Need to Talk.

Cameron Huddleston wrote the daily "Kip Tips" column for She joined Kiplinger in 2001 after graduating from American University with an MA in economic journalism.