Ollo Rewards Mastercard

Ollo Rewards Mastercard Review

This is a rewards credit card issued by The Bank of Missouri. If you're wondering whether Ollo Rewards Mastercard is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 24.99% up to 27.99%.
• Rewards program. This credit card offers rewards on your purchases, but you will have to pay an annual fee of up to $39 for the privilege.
• 4% Balance transfer fee. Ollo Rewards Mastercard charges a fee of 4% on balance transfers. For example, a balance of $1,000 could cost $40 in transfer fees. The minimum fee is $5.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.

The Good	The Bad
Identity Theft Protection. No foreign transaction fee. Cardholders can earn rewards on their purchases. Ollo Rewards Mastercard reports to multiple credit bureaus.	Higher than average purchase APRs. Does not offer a signup bonus. Charges a 4% balance transfer fee. Does not include many credit card benefits.

Does Ollo Rewards Mastercard have a cash back or rewards program?

Ollo Rewards Mastercard is a rewards card.

Ollo Rewards Mastercard Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A

What are the Ollo Rewards Mastercard benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Ollo Rewards Mastercard?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Ollo Rewards Mastercard has a variable purchase APR that ranges from 24.99% up to 27.99%. The card has a variable balance transfer APR that ranges from 24.99% up to 27.99%. It also has a variable cash advance APR that ranges from 24.99% up to 27.99%.

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the fees for Ollo Rewards Mastercard?

The following fees apply:

• There is no overlimit fee

Ollo Rewards Mastercard Fees

Fees	Amount
Annual Fee	Starting at $0 up to $39
Overlimit Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	$0
Late Payment Fee	$40

Does Ollo Rewards Mastercard report your account activity to credit bureaus?

Yes, Ollo Rewards Mastercard reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Ollo Rewards Mastercard

• Visit the Ollo Rewards Mastercard website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.