Cardmember Agreement for Ally® Credit Cards Pricing Addendum Q2

Ally Bank's filed agreement for Cardmember Agreement for Ally┬« Credit Cards Pricing Addendum Q2 2025 discloses a purchase APR of 22.99%–29.99% and no annual fee. That purchase rate ranks near the 74th percentile across this corpus of 4,587 filings.

The disclosed terms

Ally Bank filed this agreement for Cardmember Agreement for Ally® Credit Cards Pricing Addendum Q2 2025 with the Consumer Financial Protection Bureau. The filing runs two pages.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate.

The purchase rate in context

The purchase APR is quoted as a range of 22.99% to 29.99%. That 7-point spread is the whole of what the filing commits to; the method for assigning a rate inside it is not in the document.

The floor of that band sits at about the 67th percentile of filed purchase rates; the ceiling sits at about the 74th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

Translating the rate into money

A $1,200 balance left untouched for twelve months accrues about $419 in interest at this purchase rate.

A card priced at the corpus median of 21.99% would charge roughly $295 on that balance. This one charges about $124 more per year.

Note the $1.50 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

Where the fees are

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

For cash advances the filing discloses a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 22.99%. $200 is the crossover point where the percentage overtakes the $10 minimum. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

The transfer fee is $5 or 4% of the amount transferred, whichever is greater; transferred balances then run at 22.99%. On $2,000 that fee is about $80 before any interest is charged.

No foreign transaction fee is charged, which puts this filing in the roughly 22% of disclosing agreements here that do not take a cut of overseas spending.

What a missed payment costs

No penalty APR appears in this filing by design — the document says there is none, which removes the single largest cost of a missed payment in most agreements here.

Late payments are capped at $40 under this filing, about the 72nd percentile of late fee maximums in the corpus.

The no-interest path

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

Where interest applies at all, the filing bills at least $1.50. On a tiny balance that floor can dwarf the rate itself.

What the filing does not tell you

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Where the authority sits

The original filing, 2 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

The pricing here is middling by the standards of the index — 29.99% on purchases is near enough to typical.