topic Re: Ollo select rewards Card. in Credit Card Approvals

Ollo select rewards Card.

taxi818 — Mon, 09 Feb 2026 02:58:49 GMT

Got mailer for Ollo Select rewards with 3% cash back on EV or gas. 2% groceries. Was skeptical but ur has no annual fee either with no foreign transaction fee. Pulled trigger imas im still recovering from rebuild 8 years ago. Did not file bankruptcy. Last couple items fall off in 5 months. Then completely clean again. Approved with 1k limit. I have a few other cards still from back in the days helping score despite the collections that will age out soon.

Re: Ollo select rewards Card.

coreyb80 — Mon, 09 Feb 2026 16:56:16 GMT

Congrats on the approval!

Re: Ollo select rewards Card.

soxfaininfl — Mon, 09 Feb 2026 18:16:58 GMT

Congratulations on your approval!

Re: Ollo select rewards Card.

Jeffster1 — Mon, 09 Feb 2026 21:31:13 GMT

Congrats on the approval. 🎉

Nice to see the OLLO brand relaunched after it was buried by Ally.

Re: Ollo select rewards Card.

JamesS84 — Mon, 09 Feb 2026 22:17:23 GMT

Nice!! That card sounds pretty good. Good luck with your continued rebuild!

Re: Ollo select rewards Card.

taxi818 — Mon, 09 Feb 2026 22:28:15 GMT

Thank you. I still have plenty of heavy hitters. 😂Diners Club. Discover. And Bank of America. They never balanced chased or decreased my limits. Citi however is a dead horse in my book lol.

Re: Ollo select rewards Card.

taxi818 — Mon, 09 Feb 2026 22:30:44 GMT

Also. Did a little research on it. It was taken over from Ally bank to Merrick. Its invitation only. So I guess once I got back over the 650 mark on average, it was offered. Its not a bad card. Apr is 23- 27%. But its for utilization only. I did read they will close if not used.

Re: Ollo select rewards Card.

taxi818 — Mon, 09 Feb 2026 22:33:08 GMT

Actually I had never heard of it. I have a Tesla and it gives 3% cash back on EV charges. I was inpressed to no AF or no foreign transaction fee. So it's not that bad. People will hear merrick bank and think garbage. But it really is nice.

Re: Ollo select rewards Card.

Jeffster1 — Mon, 09 Feb 2026 23:08:19 GMT

@taxi818 wrote:
Also. Did a little research on it. It was taken over from Ally bank to Merrick. Its invitation only. So I guess once I got back over the 650 mark on average, it was offered. Its not a bad card. Apr is 23- 27%. But its for utilization only. I did read they will close if not used.

OLLO, in its iteration prior to the Ally acquisition, was always by invitation only and was a decent card for its target market. I filed my 13 in April 2017 and got my DC in early January 2021. I received an OLLO invite within a few days and it was my second approval. Cap One was my first. I closed the card in 2022 as it had served its purpose and I was being approved for prime cards. Not that it means anything but when I closed the card, I told the rep to please make a note on my account that I was not closing out of dissatisfaction, and that I wanted it noted that I was appreciative of the fact that OLLO did not make me feel subprime.

Re: Ollo select rewards Card.

taxi818 — Mon, 09 Feb 2026 23:42:41 GMT

The card is very transparent. Honestly, I only got it to help with Utilization as a couple other cards were closed due to lack of use. Macys. 4k limit after 15 years. Gone. I paid it off just last may. And they closed it last month since I did not use it since then. Hence, I can't stand anything Citi. Also. Had a Fingerhut $4k. Closed. Out of business. So I lost 8k from profile. Just trying to get some limit back. You mentioned capital one. They sent me a pre approval but said I had too many capital one cards. I only have 2 opened. 3 I brew off 8 years ago that have aged off of my credit. 1card 5 years old $500. And 1 secured $300. Which they graduated and returned money. However, I can't get increase to help with lost limit. I'm trying figure if u close one will they give me a card out of the bucket list. As the only reason they state fir denial is too many cap one cards. The other 3 are just old balances beyond statute of limitations.

Re: Ollo select rewards Card.

DeeBee78 — Mon, 09 Feb 2026 23:59:02 GMT

@taxi818 wrote:
The card is very transparent. Honestly, I only got it to help with Utilization as a couple other cards were closed due to lack of use. Macys. 4k limit after 15 years. Gone. I paid it off just last may. And they closed it last month since I did not use it since then. Hence, I can't stand anything Citi. Also. Had a Fingerhut $4k. Closed. Out of business. So I lost 8k from profile. Just trying to get some limit back. You mentioned capital one. They sent me a pre approval but said I had too many capital one cards. I only have 2 opened. 3 I brew off 8 years ago that have aged off of my credit. 1card 5 years old $500. And 1 secured $300. Which they graduated and returned money. However, I can't get increase to help with lost limit. I'm trying figure if u close one will they give me a card out of the bucket list. As the only reason they state fir denial is too many cap one cards. The other 3 are just old balances beyond statute of limitations.

Close one (or both) of your low limit Cap 1 cards, wait 6 months and you'll probably be approved for VentureOne or Savor with a decent starting limit. Those two cards you have are bucketed and will likely never grow, or grow so slowly they aren't worth the time. I still have a Quicksilver from 2013 that has never received an increase from the initial $500 limit because it's bucketed.

Re: Ollo select rewards Card.

taxi818 — Tue, 10 Feb 2026 00:31:48 GMT

Hmm I really did nit want to close the quicksilver even with $500 as it is my wife's favorite card. I appreciate the advice. So if I close the platinum it is best to wait 6 months before going for another cap 1 card? Thats exactly what I will do. I appreciate it.

Re: Ollo select rewards Card.

E36 — Tue, 10 Feb 2026 22:47:38 GMT

A lot of people don't know about it because it is invite only and they have a specific target market.

Ollo was bought by Ally. Ally Credit Card was bought by Merrick Bank. Merrick Bank is currently rebranding Ally credit cards back to Ollo.

Ally was the first unsecured card offered to me while I was rebuilding. $1,000 CL card when my credit was 547. It seems like Merrick Bank is bringing back the Ollo brand as many people have had positive experience with Ollo.

I hope they keep it up. I don't use my Ally (now Ollo Card) as much. It's 3% Gas, 3% Groceries, 3% Drug Stores.
It's very similar to:

CapitalOne Savor Card 3% Groceries, 3% Dining

Amex BCE 3% Groceries, 3% Gas, 3% online
AAA Daily Advantage 5% Groceries, 3% Gas, 3% Wholesale Club.

Capital One used to be subprime and they bought out Orchard Bank and Household Bank in 2012 and now in 2026, their image is greatly improved especially with their Quicksilver, Savor, and Venture lines. They went from a no-perks card like Merrick to offer some perks and upgraded branding (cafe with aquisition of ING cafes, commercials, airport lounges, etc.)

I'm not sure if that's the direction Merrick is going, but the invite-only model to help people rebuild helps.

The only down side to the card is their CLI is very conservative as it should be because of the profile of the credit card users. I'm debating on cancelling it, but if they don't charge me an annual fee, I may keep it until they cancel me.

Re: Ollo select rewards Card.

taxi818 — Wed, 11 Feb 2026 05:24:36 GMT

I did read they will close for low to no usage. I will put my car insurance on it to give it use without carrying a Balance. My Lowest score is Equifax at 655.

Re: Ollo select rewards Card.

djsd22 — Wed, 11 Feb 2026 07:41:25 GMT

I am just out of Ch.7 discharge - I got 2 cards to help with my rebuild but saw the Ollo Everday Rewards on Transunion with outstanding odds... I highly doubted that...

but did one last app since it sounded like a really good card, approved for $1,500... 3% CB on gas/grcoery/drugs stores, no AF, and 24% apr, no foreign transaction fees... Ollo is amazing, they def don't feel subprime, glad to have a rebulder I can keep long term, check your transunion offers I guess

Re: Ollo select rewards Card.

E36 — Wed, 11 Feb 2026 23:32:53 GMT

It really is great. Back when my credit score was 547. All the major lenders denied me. They did not even offer secure cards. I think I applied for BOA secured card and was denied.

Ally (which is Ollo now), gave me a chance with the card you have now. The first auto CLI was only $100 (6 months), but the one after that was an additional $1,300 (11 months). So in less than a year, my CL went from $1,000 to $2,400. The rewards were easy to use. 3% Groceries and Gas is great. No FTF if you travel overseas. The only downside is I couldn't use it at Costco since it is a MasterCard.

It definitely help me rebuild my credit without having to pay any annual or monthly fees with predatory credit card companies.

Re: Ollo select rewards Card.

taxi818 — Wed, 11 Feb 2026 23:41:30 GMT

That's good to know. Eventually I will get my usage under 10%. It was the reason I got the card. But the no ftf and no af is a bonus.

Re: Ollo select rewards Card.

pbtxlady — Sat, 14 Feb 2026 18:18:40 GMT

::raising hand:: Another happy Ollo user. After my crash, while my score was still in upper 500s, Ollo sent me an invitation. I was shocked to be approved with a 1000 SL, unsecured, with cashback and no AF. They raised it after 7 months and then again at some point. I'm not thrilled about the sale to Merrick, but so far they've kept everything the same.

I don't need the card any more, but I keep it because it's my oldest card, and because I like to give my occasional swipe to the companies who took a chance on me when I needed it. Same story with Mission Lane. Ollo has better rewards than my Mission Lane card, but Mission Lane is far better about CLIs, which helped me get better cards. Keeping both for a while.

Re: Ollo select rewards Card.

taxi818 — Sat, 14 Feb 2026 18:40:57 GMT

That's good to hear especially seeing that Merrill bank has it. I burned Merrick back in the day for about $2k and was told no 2nd chances with them. Suddenly I got up from screen and came back it said approved. I was in shock.

Re: Ollo select rewards Card.

youngandcreditwrthy — Sun, 15 Feb 2026 17:24:58 GMT

@taxi818 one thing you might want to know that is concerning right now is that I have a merrick account that is three years old. It was my first or second when I started rebuilding after six years of no credit cards and no debt lol and paying off over 100k in cc debt oof. Learned my lesson.

nevertheless, my point is that usually Merrick bank will give you a credit line increase every 3 to 6 months. It's usually 200 bucks but you know over a period of time that adds up. So, my concern would be that your limit will be stuck at $1000 forever because recently I called Merrick Bank for my usual customary CLI and they declined stating that they are no longer taking customer initiated credit line increase (think cap one 2008-2015 ish) which to me also signals that their bank feels like some sort of economic calamity is on the horizon.

or, it could be the result of their capital reserves going lower as a result of acquiring the Ollo Portfolio.

fortunately, the Basel accord cap res requirement ratios are there to prevent bank failures and bailouts but I thought you should know this critical information and I just called them like two days ago.