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Ollo - Another New Credit Card Company - Invite Only

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Creditaddict
Legendary Contributor

Re: Ollo - Another New Credit Card Company - Invite Only

It doesn't seem to be a rebuilder at all... 

1 friend in the low 600's declined instantly

friend yesterday with a spotty history over a year ago but EX 679 - denied instantly!

Message 31 of 88
Anonymous
Not applicable

Re: Ollo - Another New Credit Card Company - Invite Only

Yep. I was denied instantly. I'm glad that they only pulled experian instead of all three because I have a lot of inquiries falling off over the next six months. I don't need any more credit cards anyways but one that is unsecured would be nice to get.
Message 32 of 88
Anonymous
Not applicable

Re: Ollo - Another New Credit Card Company - Invite Only

MABT is also Continental Finance.  Junk company with another junk product, this time trying for prime borrowers?


Pass.

Message 33 of 88
MrDisco99
Valued Contributor

Re: Ollo - Another New Credit Card Company - Invite Only

Definitely not invite only.  I've seen links to them on my CreditKarma account.

 

Looks like this is aimed at C1's Platinum and QS1 products, so it's weird that people in the 600s are getting declined.

Message 34 of 88
JimBo99
Regular Contributor

Re: Ollo - Another New Credit Card Company - Invite Only

Has anyone bit on this yet?  I just got a preapproval letter in the mail today,  curious as to what the SL's tended to be.  I am 98% certain that I will not be getting this card.  Just curious. 

Ok credit, getting better.....slowly.... Can't seem to stay in the Garden for any extended period of time. I'm trying. Mid to upper 600's across the board.
Message 35 of 88
Anonymous
Not applicable

Re: Ollo - Another New Credit Card Company - Invite Only

I got a pre-approval letter today for the Ollo Platinum.  It serves no purpose to me as it has no rewards.  Seems pretty equivilant to my Capital One Platinum that I never use. 

Message 36 of 88
Subexistence
Established Contributor

Re: Ollo - Another New Credit Card Company - Invite Only

I don't think that just because rates and reards are terrible, makes the card a rebuilder. All the declined posts prove the point. I think it's meant for people who don't know about better credit cards but still have decent scores.








Starting Score: Ex08-732,Eq08-713,Tu08-717
Current Score:Ex08-795,Eq08-807,Tu08-787,EX98-761,Eq04-742
Goal Score: Ex98-760,Eq04-760


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History of my credit
Message 37 of 88
Anonymous
Not applicable

Re: Ollo - Another New Credit Card Company - Invite Only

I accepted the offer and was given a 4000 limit. My invite said no annual fee 0 transfer for 9 months. Hope this helps.
Message 38 of 88
Mekitcat
Frequent Contributor

Re: Ollo - Another New Credit Card Company - Invite Only

Is there anyone else that tried for this card? 

Message 39 of 88
Anonymous
Not applicable

Re: Ollo - Another New Credit Card Company - Invite Only

Yes. I just got the offer today. Accepted. $3000 limit. 24.99% APR, $0 AF.

Message 40 of 88
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