topic Ollo Rewards+ 'Educator Inspire' card in Credit Cards

Ollo Rewards+ 'Educator Inspire' card

Anonymous — Sun, 03 Jan 2021 02:09:40 GMT

So, me and my wife are in the rebuilding phase of credit.

Today, my DW got a very interesting invitation from Ollo called the OlloRewards+ 'Educator Inspire'.

It is for teachers only - according to the letter - and very clearly states it is 2% back on everything with no limits, no fees, 24/7 US based support, etc.

I know Ollo typically has the Rewards+ that is 2% on gas, groceries, etc. but this one very clearly states it is for every purchase with no restrictions.

I've heard of Ollo but never heard of this card. It seems to be a really good offering from them. There is one catch and that is that the APR is 24.99% but we don't usually carry a balance month to month and have other cards with lower interest rates if we ever needed to.

Am I missing something or is this a new offering from Ollo? It seems to be a really good one, as far as I am aware.

Re: Ollo Rewards+ 'Educator Inspire' card

Anonymous — Sun, 03 Jan 2021 02:26:43 GMT

@Anonymous wrote:
There is one catch and that is that the APR is 24.99%

A card meant for teachers with high APR sounds like bad public relations honestly.

Re: Ollo Rewards+ 'Educator Inspire' card

Anonymous — Sun, 03 Jan 2021 02:30:08 GMT

@Anonymous wrote:
@Anonymous wrote:
There is one catch and that is that the APR is 24.99%
A card meant for teachers with high APR sounds like bad PR honestly.

I did miss on the back where it says that it is 0% for the first 12 months on all purchases AND balance transfers then 24.99% after the 12 months.

At the very least, it seems like a great rebuilder card to carry for a year until better doors open. At least, that's what I am thinking right now. If she applies, I'd intend for her to PIF every month though for the first year it wouldn't matter anyways.