Ollo Rewards MasterCard is an ideal card recommended for those looking for amazing rewards and great perks. This card has amazing cashback rewards rate, low fees, and expansive benefits. Ollo Rewards MasterCard is created by the Bank of Missouri which is licensed by MasterCard international. With Ollo Rewards MasterCard you will be able to get the credit you need and achieve your goals. Ollo Rewards MasterCard is a great deal for people who see themselves in the late stages of recreating their credit. Unlike the milestone gold MasterCard which is also issued by the Bank of Missouri, Ollo reward MasterCard has exciting cashback, low fees rewards rate, and extensive benefits. Ollo rewards credit card offers users numerous benefits that consumers in higher credit card ranges have come to take for granted. On the contrary, it is somewhat difficult to get approved for this card. The Ollo rewards card gives high-quality incentives for those whose credit scores are almost up to par. However, Ollo Rewards MasterCard is hard to come by, the card is only available by invitation, meaning that the bank of Missouri has to invite you to apply. Cardholders can rebuild their credit score but are not quite there yet.
Rewards Rate
The Ollo Rewards MasterCard offers amazing rewards rate given its price and its target cardholders with fair to good credit. Its low annual fee makes the rewards rate very attractive. Only those with good credit have access to these high rewards rate. Ollo Rewards MasterCard gives 2% cashback on all gas stations, grocery store, and drugstore purchases. This simply means that with every $100 spent, you will receive $2 back. This rate allows users to quickly build up extra cash just by making everyday purchase. For other transactions that do not fall in the three aforementioned categories, Ollo rewards card gives 1% cashback. Meaning that cardholders will always earn money back when they spend, amazing right? Regardless of what you purchase, as long as you use your Ollo rewards card you will be rewarded.
Types of Ollo MasterCard
There are two types of Ollo credit cards, they are;
1) Ollo platinum MasterCard
2) Ollo rewards MasterCard
These two credit cards are owned by Ollo and several benefits are attached to these cards.
Benefits
Ollo Rewards card offers decent benefits for cardholders, aside from its substantial cashback rewards rate, it has some perks that make using the card quite easy and quick, some of the benefits associated with this card are;
1) No over the limit fees
2) No returned payment fees
3) Fast, easy online and mobile access
4) No rate hike when you make a late payment
5) No foreign transaction fees
6) It offers customers 24/7 US based customer service
7) It has a zero-fraud liability policy
8) Cash back on every purchase
Rates and Fees
Ollo Rewards MasterCard has an annual fee of up to $39 depending on what cardholders are offered. Cardholders can receive unlimited cashback and other benefits. If you have a large annual fee, you would only need to spend $2000 each year in the 2% bonus categories to offset the $39 annual fee with purchase rewards. It is interesting to note that the fee structure of this credit card is competitive.
The APR for any purchase is 24.99% based upon your creditworthiness. There is a 4% balance transfer fee. Ollo Rewards MasterCard has zero foreign transaction fees making it ideal for those that spend time abroad. There is no penalty APR, meaning that your interest rate will not be raised if you make a late payment.
How to Apply
Ollo Rewards MasterCard requires an invitation to apply. So interested applicants need to get a particular credit score before you are invited. You can receive an invite with a credit score in the upper 500s or lower 600s. You must be invited by anyone that has the Ollo Rewards MasterCard in the past before you can apply for yours. To apply, follow the steps below;
- Visit the Ollo Rewards MasterCard application page
- On the page, fill in your reservation number and access your invitation letter to get started
- Lastly, click on the submit button.
After applying and been approved, your card issuer will begin to review your credit report after you make various consecutive on-time payments.
After you get invited and you late apply for the Ollo Rewards MasterCard, it doesn’t work immediately, to activate it, follow the steps below;
- Visit Secure.ollocard.com/Activate/Activate
- Enter your last name, date of birth, and last four digits of SSN
- You will be required to enter the 16 digit card number and the card’s expiry date
- Then click on the Next button.
To login to your Ollo rewards MasterCard account, follow the steps below;
- Visit the card’s login website Ollocard.com
- On the login portal, key in your username and password
- Then click on the sign in button.
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