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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