Consumer Payment Card News

How Americans Spend a Benjamin Cash-Back Credit Card Reward

A recent survey asked consumers how they would likely spend an extra $100 they earned from a credit card program and found they would likely spend the cash on everyday purchases (35%), followed by depositing the money into a bank account (25%) or using it to pay off bills (24%). Only 11% said they would use the money to treat themselves.

Millennials are most likely to splurge this summer (32%) with nearly half indicating they are or would be most likely to splurge on travel. But when unexpected money comes their way, they aren’t splurging: when asked what they would do if they found $100, 55% of the Millennials surveyed said they would either deposit the money in their savings account or pay off outstanding bills; only 10% would get themselves a treat.

The findings come from a survey conducted on behalf of Ally Bank, who is celebrating the one-year anniversary this summer of its Ally CashBack Credit Card. 

With the Ally CashBack Credit Card, new customers are eligible to receive a $100 bonus when $500 in eligible purchases are made during the first 3 billing cycles. In addition, Ally CashBack Credit Card holders are eligible to earn the following rewards with their card:

• 2% cash back on eligible gas and grocery purchases

• 1% cash back on other purchases

• Uncapped rewards that never expire for accounts that are open and in good standing
Ally CashBack Credit Card customers receive a 10% Ally Deposit Bonus when cash rewards are deposited into an eligible Ally Bank account, and also enjoy popular benefits, including 24/7 customer service as well as online and mobile access to their accounts., a website receiving no commissions on any card it cites, has listed the Ally credit card as among one of the best credit cards in the U.S. for cash back.


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