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Ollo Optimum Mastercard
- Regular Purchase APR 24.99% variable based on the Prime Rate
- Balance Transfer APR 24.99% variable based on the Prime Rate
- Cash Advance APR 24.99% variable based on the Prime Rate
- Annual Fee None
- Credit Needed Good , Fair
- Intro Purchase APR 0% for the first 15 months
- Processing Network Mastercard
- No annual fee
- No foreign transaction fees
- Unlimited 2.5% cash back on all purchases
- 0% introductory APR on purchases for 15 months from account opening
- Intro Purchase APR: 0% for the first 15 months
- Regular Purchase APR: 24.99% variable based on the Prime Rate
- Intro Balance Transfer APR: 0% for the first 15 months
- Balance Transfer APR: 24.99% variable based on the Prime Rate
- Balance Transfer Transaction Fee: Either 4% or $5, whichever is greater
- Cash Advance APR: 24.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either 5% or $10, whichever is greater
Ollo Rewards Card
- Regular Purchase APR 24.99% to 27.99% variable based on creditworthiness
- Balance Transfer APR 24.99% to 27.99% variable based on creditworthiness
- Cash Advance APR 24.99% to 27.99% variable based on creditworthiness
- Annual Fee $0 to $39
- Credit Needed Fair , Poor
- Processing Network Mastercard
- Low, competitive annual fee
- Unlimited 2% cash back on gas station, grocery store and drugstore purchases. 1% cash back on all other purchases.
- No foreign transaction fees, no over the limit fees, no returned payment fees
- Zero Fraud Liability
- Regular Purchase APR: 24.99% to 27.99% variable based on creditworthiness
- Balance Transfer APR: 24.99% to 27.99% variable based on creditworthiness
- Balance Transfer Transaction Fee: Either $5 or 4% of the amount of each Balance Transfer, whichever is greater
- Cash Advance APR: 24.99% to 27.99% variable based on creditworthiness
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each Cash Advance, whichever is greater
- Annual Fee: $0 to $39
- Late Payment Penalty Fee: Up to $40
Ollo Platinum Card
- Regular Purchase APR 24.99% to 27.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR 24.99% to 27.99% variable based on creditworthiness and the Prime Rate
- Cash Advance APR 24.99% to 27.99% variable based on creditworthiness
- Annual Fee $0 to $39
- Credit Needed Fair , Poor
- Processing Network Mastercard
- No annual fee, no foreign transaction fees
- Automatic credit line increase reviews
- Zero Fraud Liability
- Online and mobile access, 24/7 U.S. based customer service
- Regular Purchase APR: 24.99% to 27.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR: 24.99% to 27.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $5 or 4% of the amount of each balance transfer, whichever is greater
- Cash Advance APR: 24.99% to 27.99% variable based on creditworthiness
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Annual Fee: $0 to $39
- Late Payment Penalty Fee: Up to $40
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1Offer Details
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About This Offer
Terms & Conditions
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What Is Ollo?
Ollo is a credit card issuer that specializes in offering cards to people with below-average credit. Like other issuers, Ollo specializes in providing credit card offers for fair credit scores. Currently, Ollo offers two credit cards, the Platinum Card, and the Rewards Card. Ollo credit cards are only available upon receiving a prequalified offer.
Is Ollo a Bank or a Credit Card Company?
Ollo is a financial services joint venture by former executives from Bank of America and Capital One. Ollo is not a bank, as it does not offer other services, such as checking or savings accounts, CDs, or other products. Instead, Ollo is simply a credit card issuer, targeting those with “subprime” credit scores.
Ollo credit cards are issued through the Bank of Missouri. Bank of Missouri issues several credit cards for building credit, including the Ollo Platinum Mastercard and Ollo Rewards Mastercard. Other prominent cards from the bank include the Milestone Gold Card, the Fortiva Card, and the First Access Solid Black Visa.
Features of Ollo Credit Cards
One of the best features of the Ollo cards is a lack of hidden fees. Both cards feature a fixed-rate APR, which is high, but on par with what those with fair credit scores can usually expect. Additionally, the Rewards Card features a relatively low annual fee of $29, making it a good value for those rebuilding their credit and wanting to earn rewards with every purchase.
All Ollo cards lack many fees you associate with other “fresh-start” credit cards. These cards have no:
- Late fees
- Foreign transaction fees
- Over-the-limit fees
- Return payment fees
Another nice aspect of Ollo is that cardholders have access to a higher credit limit with on-time payments. After making just five payments, new accounts may receive a higher credit line, though this isn’t for sure.
Ollo FAQs
Here are some of the most frequently asked questions about Ollo credit cards:
- Ollo financial services pull an applicant’s Experian credit report. The bank may also pull TransUnion, according to some customers, so check before applying.
- Since Ollo cards are designed for repairing credit, people with fair credit scores can apply for – and receive – a card from the issuer. Typically, applicants need a credit score in the high 500s (above a credit score of 580), or in the low 600s to get a card.
- The easiest way to pay your Ollo Card statement balance is online. Simply visit the Ollo website, sue your Ollo credit card login details, and make a payment. You can also sign up for autopsy to alleviate the hassle of manually making payments each month.
- Both Ollo credit cards (the Platinum and Rewards) are decent credit cards for rebuilding credit. They are very similar to other offers from Bank of Missouri, including the Milestone and First Access Cards. The requirement of a pre-selected mail offer, however, makes them unattainable for some individuals. In those cases, the previously mentioned cards may be a better bet.
Don’t Have an Ollo Offer? Other Cards to Consider:
Not sure if Ollo is right for you? Fortunately, there are a wide variety of good credit cards for fair credit scores designed to help in rebuilding your credit. If you have a credit score of 600 or higher, also consider:
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