Ollo Credit Cards

View the top credit cards from Ollo and find the card that’s right for you. BestCards.com offers a superior selection of credit card offers for you to browse and compare today.

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Ollo Rewards Card

Ollo Rewards Card
Visit Card Site Terms & Conditions
Fair-Poor
BestCards.com uses a variation of FICO Score 8, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Credit Needed: Fair/ Poor
Mastercard Processing Network
$0 to $39 Annual Fee

Ollo Rewards Card

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  • 23.99% to 28.99% variable based on creditworthiness Regular Purchase APR
  • 23.99% to 28.99% variable based on creditworthiness Balance Transfer APR
  • 23.99% to 28.99% variable based on creditworthiness Cash Advance APR

At a Glance

Earning unlimited cash back has never been easier thanks to the Ollo Rewards Mastercard; earn more from every dollar you spend and save money even as you make everyday purchases. Cardholders will earn 2% cash back on gas, groceries, and drugstore purchases in addition to 1% back on everything else and no surprise fees or penalty APRs. This is how to build credit – the right way.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • 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: 23.99% to 28.99% variable based on creditworthiness
  • Balance Transfer APR: 23.99% to 28.99% 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: 23.99% to 28.99% 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
  • You want a card with no surprise fees
  • You want Zero Fraud Liability
  • You are looking to build your credit score, or repair it, while earning up to 2% unlimited cash back
  • You want a card with 24/7 customer service and online account access
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Ollo Optimum Mastercard

Ollo Optimum Mastercard
Visit Card Site Terms & Conditions
Good-Fair
BestCards.com uses a variation of FICO Score 8, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Credit Needed: Good/ Fair
Mastercard Processing Network
None Annual Fee

Ollo Optimum Mastercard

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  • 24.99% variable based on the Prime Rate 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
  • 0% for the first 15 months Intro Purchase APR

At a Glance

The Ollo Optimum Mastercard is a cash back rewards card that offers 2.5% cash back on all purchases, with no annual fee or hidden fees. The card is currently only invitation only, meaning you need an Ollo offer to apply.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • 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
  • You want a cash back card with a simple rewards structure
  • You want a lengthy intro APR period on both balance transfers and purchases
  • You don’t want to pay an annual fee or foreign transaction fees
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Ollo Platinum Card

Ollo Platinum Card
Visit Card Site Terms & Conditions
Fair-Poor
BestCards.com uses a variation of FICO Score 8, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Credit Needed: Fair/ Poor
Mastercard Processing Network
$0 to $39 Annual Fee

Ollo Platinum Card

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  • 23.99% to 28.99% variable based on creditworthiness and the Prime Rate Regular Purchase APR
  • 23.99% to 28.99% variable based on creditworthiness and the Prime Rate Balance Transfer APR
  • 23.99% to 28.99% variable based on creditworthiness Cash Advance APR

At a Glance

No annual fee. Free FICO® scores. No surprise fees. The Ollo Platinum Card offers peace of mind as you build (or repair) your credit; take advantage of low interest, no extra fees to cut into your saving, and no rate hikes when you make a late payment.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • 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: 23.99% to 28.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 23.99% to 28.99% 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: 23.99% to 28.99% 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
  • You want a card with no surprise fees
  • You want Zero Fraud Liability
  • You want to build your credit score, or repair it
  • You want a card with 24/7 customer service and online account access
Read Full Review

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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BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.