Ollo Optimum Mastercard: Unlimited 2.5% Cash Back
- Annual fee
- None
- Recommended credit
- Good / Fair
- Card network
- Mastercard
- Intro purchase APR
- 0% for the first 15 months
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.
Our review of the Ollo Optimum Mastercard
The Ollo Optimum Mastercard is a top-tier cash back credit card that stands out for its exceptional earning rate and lack of hidden fees.
How to Earn (and Redeem) Cash Back
The Ollo Optimum Mastercard is the premium rewards card in the Ollo credit card lineup, offering an impressive 2.5% cash back on all eligible purchases. While it doesn’t have as many redemption options as some other cards, the ability to use cash back for statement credits can be beneficial for those looking to pay down their balances.
One standout feature of the Optimum Mastercard is that the cash back rewards never expire, and cardholders can easily track their rewards through the Ollo mobile app.
No Hidden Fees
Like other Ollo cards, the Ollo Optimum Mastercard is free from annual fees, foreign transaction fees, penalty APRs, and over-the-limit fees, making it a cost-effective option for cardholders.
0% Intro APR Offer
Some applicants may qualify for a generous 0% introductory APR for 15 months on both purchases and balance transfers with the Ollo Optimum Mastercard, making it a compelling choice for those looking for a card with a lengthy zero-interest period.
Other Card Features
Additional features of the Ollo Optimum Mastercard include Zero Liability Protection, Mastercard Global Services, and ID Theft Protection.
Should You Apply for the Ollo Optimum Mastercard?
Overall, the Ollo Optimum Mastercard is a versatile cash back card that caters to individuals looking to improve their credit scores. While the lack of redemption options may be a downside for some, the high 2.5% cash back rate on all purchases can be a significant benefit for those who prioritize paying down balances.
For applicants with good credit or higher, it may be worth exploring other cash back rewards cards from larger issuers or banks that offer additional perks such as lower regular APRs and no annual fees. Cards like the Citi® Double Cash Card or the Citi Custom Cash℠ Card could be better options for those seeking more flexibility in their rewards program.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- 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
Who this card may suit
- 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
Rates, fees and terms
| Annual Fee | None |
|---|---|
| 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 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Good Credit Fair Credit.
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Ollo Optimum Mastercard
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