Ollo Rewards Card: Up to 2% Cash Back
- Annual fee
- $0 to $39
- Recommended credit
- Fair / Poor
- Card network
- Mastercard
- Regular purchase APR
- 23.99% to 28.99% variable based on creditworthiness
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.
Our review of the Ollo Rewards Card
The Ollo Rewards Card is a cash back credit card designed for individuals with average credit scores. Unlike the Ollo Platinum Card, the Ollo Rewards Card offers a competitive annual fee ranging from $0 to $39, based on the offer received. To apply for the Ollo Rewards Card, you will need an invitation as Ollo targets individuals with near-prime credit.
Ollo Card Credit Score Requirements
While Ollo does not disclose specific requirements, individuals with average or near-prime credit may receive an offer. A “fair” credit score typically falls between 630 and 689 for FICO Scores or 650 and 699 for VantageScore. The eligibility criteria also consider factors such as new accounts, overall credit, and more
How to Earn Rewards with Ollo
The Ollo Rewards Card offers up to 2% cash back on purchases at gas stations, grocery stores, and drug stores, and 1% cash back on all other purchases. These rewards can help you build or rebuild your credit while saving money on everyday expenses.
How to Redeem Rewards
Cash back rewards with the Ollo Rewards Card do not expire as long as your account remains open. However, redemption options are limited to statement credits. While this simplifies the reward process, it may not be as flexible as other cards
Other Card Options
If you do not have a preapproved mail offer for the Ollo Rewards Card, consider alternative options like the Fortiva® Mastercard®, Surge® Platinum Mastercard®, Aspire® Cashback Rewards, or Total Visa® Card. These cards do not require a preapproved mail offer and cater to individuals with bad to fair credit.
Expert and consumer opinions rate the Ollo credit card program as follows:
Should You Apply for the Ollo Rewards Card?
The Ollo Rewards Card can be beneficial for those looking to improve their credit score with a subprime credit card that offers rewards. However, the requirement for an invitation code to apply may limit access for some individuals. Additionally, the APR for the Ollo Rewards Card may not be the most competitive option available. Consider exploring other card offers to find the best fit for your financial needs
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- 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
Who this card may suit
- 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
Rates, fees and terms
| Annual Fee | $0 to $39 |
|---|---|
| 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 |
| Late Payment Penalty Fee | Up to $40 |
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: Fair Credit Poor Credit.
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Ollo Rewards Card
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