The Ollo credit card is a new player on the credit card market. It provides those with less-than-perfect credit with an option that’s not loaded with fees. There are two Ollo credit cards, one of which offers cash back rewards. You may even qualify for a 0 percent introductory APR, which can help you pay down high balances. You have to be invited to apply, though.
How to Apply for Ollo Credit Card Online
It’s simple to apply for Ollo credit card online.
- Once you receive an invitation, visit their website at www.ollocard.com.
- Click on the “Respond to an Offer” button in the upper right-hand corner.
- Enter your reservation number and your access code. They are both at the bottom of your offer letter.
- Click “Submit” and follow any further prompts to complete the Ollo credit card apply process.
Ollo Credit Card Rewards Program
The Ollo Platinum card does not offer any rewards. The Ollo Rewards card offers cash back. You can earn 2 percent back on purchases at drugstores, gas stations, and grocery stores. You can also earn 1 percent cash back on all your other purchases.
|Cash Back Rewards
|No Surprise Fees
|Ollo Rewards Mastercard
|2% cash back on gas station, grocery store, and drugstore purchases; 1% cash back on all other purchases
|24/7 U.S. based
|Ollo Platinum Mastercard
|24/7 U.S. based
Ollo Credit Card FAQs
What is the APR of an Ollo credit card?
The APR for an Ollo credit card is variable. It is typically around 23.99 – 28.99 percent. You may also receive a 0 percent introductory APR if you qualify.
Can you get a cash advance?
You can get a cash advance. The fee is either 5 percent or $10, whichever is higher.
Is there an annual fee?
There is no annual fee for the Ollo Platinum card. There may be an annual fee for the Ollo Rewards card. It ranges from $0 to $39.
Is there a late fee?
If your payment is received after the due date, you may be charged a late fee of up to $40.
Can you transfer a balance?
You can transfer a balance. The fee is either 4 percent of the amount of the transfer or $5, whichever is higher.
Since the Ollo credit card is relatively new, there aren’t a lot of user reviews. Based on the card information, though, it may be a good choice for those rebuilding credit. Although the 24.99 APR may seem high, there are other cards for those with poor credit that charge higher APRs. The Ollo card also doesn’t charge an application fee or monthly maintenance fee, which also sets it apart. If you get an invitation to apply, you may want to give it a try.