Ollo Platinum Mastercard® Reviews: Is It Worth It? (2024)Reviews, rates, fees, and customer service info for The Ollo Platinum Mastercard®. Compare to other cards and apply online in secondsJohn KiernanWalletHubNo membership fees0% intro APR on purchasesNo foreign feeQualify with fair creditNo rewardsHigh regular APR
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
We're sorry, but the Ollo Platinum Mastercard® may no longer be available to new applicants or we may no longer be able to obtain complete information related to this offer.
Ollo Platinum Mastercard® has a rating of 3.5/5 according to our proprietary credit card rating system. This rating reflects how appealing Ollo Platinum Mastercard®'s terms are compared to a pool of more than 1,500 credit card offers tracked by WalletHub. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is 'Improve Credit'. To break it down further, Ollo Platinum Mastercard® earned a score of 5.0/5 for Fees, 0.0/5 for Rewards, 3.2/5 for Cost, 4.2/5 for APR, and 3.3/5 for User Reviews.
WalletHub Rating Breakdown
User Reviews
3.3/5
209 reviewsRead and write reviews
Market Comparison
Market Comparison
3.5
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Improve Credit” for this card.
Fees
5.0
Rewards
0.0
Cost
3.2
APR
4.2
Other Features
5.0
3.5/5
Compared against 1,500+ credit cards
KEY TERMS
Accepted Credit Scores
Accepted Credit Scores
Good Credit, Fair Credit
Annual Fee
$0
APR on Purchases
0% intro APR for 9 months, 24.99% - 27.99% (V) APR after that
Balance Transfer
APR: 24.99% - 27.99% (V)
Balance Transfer Fee:4% (min $5)
Ollo Platinum Mastercard®'s Additional Info
Automatic credit line increase reviews.
Free FICO® Score available.
Zero Fraud Liability, 24x7 U.S Based Customer Service.
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
User Reviews
3.3
Market Comparison
3.5
fees: 5.0
rewards: 0.0
cost: 3.2
APR: 4.2
Other Features: 5.0
4.8WalletHub Rating
WalletHub Rating
4.8
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Editor’s Rating
4.4
User Reviews
3.4
Market Comparison
5.0
fees: 5.0
rewards: 5.0
cost: 5.0
Other Features: 5.0
(209)
(74)
annual fee$0
annual fee$0
Purchase Intro APR0% for 9 months
Purchase Intro APR0% for 15 months
transfer intro aprNot Offered
transfer intro apr0% for 15 months|Transfer Fee:5% (min $5)
Can't find what you are looking for? Submit your question about Ollo Platinum Mastercard® to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered. In addition, WalletHub independently collected information for some of the cards on this page.
The starting credit limit for the Ollo Platinum Mastercard® will be based on your creditworthiness once your application has been approved. However, there's no surefire way of knowing your credit limit beforehand as the issuer does not disclose this information on their website.
Factors that will determine your Ollo Platinum Mastercard® credit limit:
Credit score
Debt-to-income ratio
Repayment history
The length of your credit history
Keep in mind that even if your Ollo Platinum Mastercard® starting credit limit is relatively low, you might qualify for a credit limit increase after some time. You can improve your odds of getting a credit limit increase by always paying your bills on time and in full.
At this time, you can only apply for the Ollo Platinum Mastercard® if you received an invitation in the mail. Once you receive an invitation, you can use the reservation number and access code from it to apply online.
Your approval odds are good even with fair credit. Just keep in mind that the issuer will also look at your income, debt, and payment history to determine your eligibility for a new account.
You need a fair credit score of 640-699 to get the Ollo Platinum Mastercard®, and the higher your score is, the better your approval odds will be. Your income and existing debts are also important factors in determining your eligibility for the Ollo Platinum Mastercard®. The lower your debt-to-income ratio is, the better.
Bank of Missouri just bought Ollo last year so it wasn't originally one of their cards. This is the best card I have after filing bankruptcy they offered this card to me, it's a great card 2000 credit limit that was doubled in 6 months to $4000
Once your account has been set up, you can request the card to be expedited. This will cost an extra $29, but your card will be delivered to you within 2-3 business days.
Share your insights and review for the Ollo Platinum Mastercard®
5
47%
4
12%
3
6%
2
3%
1
32%
3.3
209 reviews
209 reviews
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james1167 @james1167
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1 Star Rating
Verified Customer
I was approved. Got the card. Paid on time. And they closed the card randomly. So I’m left with an inquiry.
Also credit limit was $500 which is much lower than my average card. Not worth applying.
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Ally Bank @Ally
We’re sorry you had this experience, James. If you’d like further assistance, please send us your full name and phone number to [email protected]. ^MR
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0
1
aimee @aschubert75
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1 Star Rating
Verified Customer
never gave me a chance to use the card. they canceled it after only being open for 6 months. don't bother with this card not worth the inquiry on your report
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0
Ally Bank @Ally
Hi Aimee, this is not the experience we want you to have. If you’d like further assistance, please send us your full name and phone number to [email protected]. ^MR
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0
Joseph @joecruz100
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4 Star Rating
Verified Customer
Inflexible about credit line increases. Never late or ever missed a payment. Always paid way more than minimum. No increases available. FICO over 760.
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0
Jerry De Leon @jerrydeleon
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5 Star Rating
Verified Customer
Great and secured card. Really good to have in case of an emergency. Awesome customer service, with lots of knowledge and clear communication.
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0
0
mariesandoval562 @mariesandoval562
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1 Star Rating
I do not like this card at all and was eager to pay it off and never use it again. They reported my payment was late before it's due date to Experian. When I saw my credit score had dropped I immediately called them. I told them my payment was not late and they said they would remove that it was late and would take off the late fee. I said what about Experian? Can you fix that? She said she would but when it was not removed I called them again and they said sorry they could not remove it. I was furious. I would not recommend this card.
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0
Ally Bank @Ally
We hate hearing this, Marie. If you’d like further assistance, please send us your full name and phone number to [email protected]. ^MR
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0
Joseph Eaves @josephe_76
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1 Star Rating
Verified Customer
Terrible Card, dishonest. They provide no number to contact for questions, . They do not increase the limits. No rewards, no nothing. So many better options
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Comment
1
0
Ally Bank @Ally
We hate hearing this, Joseph. If you’d like further assistance, please send us your full name and phone number to [email protected]. ^MR
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0
0
peggy bender @peggyb_24
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4 Star Rating
Verified Customer
The olio credit card has not reported that I have paid the last payment in June. What you have is April. I am so tired of credit companies not reporting that I borrow and pay off right away so I don’t have to pay any interest in my rate was an 800 with credit FICO score. And now it went down because I got a new credit card. I thought they said my credit would go up with getting a new card. This is a ridiculous game that the three major credit card companies play.
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Kim L @kspies741
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4 Star Rating
Great opportunity to rebuild credit. Make payments timely and often steer clear of interest charges. They review and raise limit as appropriate.
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Scott @scottnfl22
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1 Star Rating
Do NOT get this card. Nice increases in the beginning, then out of no where dropped my availability credit from 5200 to 300! No reason! I was paid in full, no late payments on anything and boom! This decrease is available credit across the board reduced my credit score by more than 100 points! I called their customer service and was told, yes they will do this at random it’s just the way it is.
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Ally Bank @Ally
Hi Scott, we hear your concern. Can you send us your full name and phone number to [email protected], so we can connect you to a team member for further assistance? ^MR
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BRANDI @brbarrett25
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5 Star Rating
Verified Customer
Ollo been superb! Got CL increase about 6 or 7 months after opening. They helped me out with fraudulent charges without a problem. Easy to use app.
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