How to apply to Ally Platinum Mastercard

The Ally Platinum Mastercard helps consumers establish or improve credit with responsible use. This easy-to-understand card has no annual fee ever and reports to bureaus monthly.

The Ally Platinum Mastercard is designed to be a credit-building tool with an honest, transparent approach. Ally provides upfront detail on all rates and fees while promising no surprises down the road. There’s also potential for automatic credit line increases for responsible cardholders over time.

Benefits of Ally Platinum Mastercard

Affordability is one of the key benefits you can get out of this Mastercard. Let’s take a look at all the benefits of the card in detail.

• No annual fee makes ownership affordable long-term;
• Free online access to your latest FICO credit score;
• Fraud protection including $0 fraud liability;
• Ability to instantly lock your card if misplaced;
• Automatic reviews for higher credit lines;
• All standard fees clearly disclosed upfront.

Prerequisites

The Ally Platinum Mastercard is accessible even to those just starting to build credit, thanks to relatively low eligibility barriers. To apply, you must be at least 18 years old and have a reliable source of income. While a long credit history is not required, you do need to have a Social Security Number and meet baseline credit standards demonstrating ability to responsibly manage this line of credit.

Prior mistakes on your credit record, such as late payments or collections accounts, will not necessarily disqualify you either. Ally designed eligibility requirements to enable as many customers as possible to enroll and benefit from smart credit-building through monthly card usage.

As long as you are over 18, have recurring income to pay your bill, and lack severely negative marks on your credit background, approval odds are favorable. Give the Ally Platinum Mastercard consideration if you need an entry point to credit or want to rehabilitate your relationship with lending institutions.

TAP HERE TO APPLY THE ALLY PLATINUM MASTERCARD

About Ally Financial

Ally Financial has been in the banking and financial services industry for over 100 years. Founded in 1919 as General Motors Acceptance Corporation (GMAC), Ally originally provided auto financing to GM car dealerships and customers.

Today, Ally has expanded to become an online financial services leader. The bank offers lending, credit cards, investing, mortgage loans, auto financing, banking, and more. Ally has over $185 billion in total assets and served 10+ million consumer and business customers in 2021.

With roots tied to the auto industry, Ally continues to be a top auto finance provider. They funded over 2 million car loans and leases last year. Ally also gives back via a charitable foundation supporting financial literacy, social justice, education, and diversity.

Most recently, Ally has invested heavily in its digital banking and lending technologies to better compete with fintech disruptors. Expanding beyond its auto finance heritage, Ally now offers innovative mobile apps, completely online account opening, and fast lending options to meet modern consumer expectations. Yet the company still maintains high customer satisfaction standards that date back over a hundred years.

Who is this card for?

The Ally Platinum Mastercard is an excellent option for those new to credit or trying to rebuild credit. It’s available even if you have bad credit or limited credit history. Responsible use can help build your score. It’s also ideal for anyone seeking a credit card with no hidden fees that promotes smart money habits.

Step-by-Step Card Application

Follow these steps to apply for the Ally Platinum Mastercard:

1. Visit the Ally Credit Cards site and click “Apply Now” on the Platinum Mastercard banner. Or apply directly here;
2. Provide personal information including your name, address, date of birth, Social Security Number and income source;
3. Review your rates, fees and terms and submit your application. Receiving a mailed offer first can qualify you for discounted rates;
4. Verify your identity and review your application details. Once submitted, you’ll receive an instant decision.

Download the Ally Mobile app (iOS | Android) to manage your account anytime.

TAP HERE TO DOWNLOAD THE ALLY PLATINUM MASTERCARD MOBILE APP ON IOS

TAP HERE TO DOWNLOAD THE ALLY PLATINUM MASTERCARD MOBILE APP ON ANDROID

Positives and Negatives

The Ally Platinum Mastercard deserves strong consideration thanks to benefits like no annual fee, potential credit line increases, robust security protections and predictable rates/fees. You’ll never face an unexpected yearly charge just for ownership. Ally also periodically reviews accounts in good standing for higher spending limits. So responsibly using this card can directly improve your borrowing power over time. Expect $0 liability if your card gets stolen along with 24/7 monitoring for other suspicious charges. When rates and fees can fluctuate wildly with other lenders, Ally clearly discloses charges upfront, so you know what to anticipate month-to-month.

However, the initially low credit limits given may prove frustrating to cardholders hoping to make large essential purchases soon after approval. It takes consistently on-time payments to earn higher limits. Missing due dates triggers an exceptionally high penalty APR exceeding 29%, creating major interest expenses. You’ll also face balance transfer and cash advance fees of around 4-5% on such transactions. But being an informed user by paying on time, charging only affordable amounts each month and understanding the fee implications for certain transactions will set you up for success. Overall, for those new to credit or repairing past mistakes, the Ally Platinum Mastercard presents an outstanding opportunity with reasonable costs.

The Ally Platinum Mastercard has lots of perks for building credit responsibly. Just be aware higher spending limits take time to earn. And avoid costly fees by paying on time and minimizing certain transactions when first starting out.

How to Unlock the Card

Follow these steps when you receive your new Ally Platinum Mastercard to activate it for purchases:

1. Call the number on the sticker on your card to reach Ally Bank’s automated system;
2. You’ll be prompted to enter your 16-digit card number followed by the last 4 digits of your Social Security Number to verify your identity;
3. Create your personalized 4-digit PIN number for card security when making transactions;
4. Your card is now activated for use! You can set up online account access to manage your account as well.

Fees & Rates

The Ally Platinum Mastercard offers straightforward fee information upfront. Be aware of these common charges:

• APR: 20.99% – 29.99% Variable;
• Balance Transfer Fee: 4% ($5 Minimum);
• Cash Advance Fee: 5% ($10 Minimum);
• Late Payment Fee: Up to $40;
• Returned Payment Fee: Up to $35

Rates and fees may be lower based on your credit terms. Check your rates at application.

Customer Service Contacts

Reach an Ally Bank card representative through:

• Phone: 1-888-366-2559
• Website Support: access by tapping here;
• Mail: ally Credit Card, P.O. Box 9222, Old Bethpage, NY 11804

Check your monthly statements and account portal for additional account contacts and support. Stay in touch with customer care about any card questions!