Pre-Approvals Ollo / Mercury ... noooo (?)

[Anonymous]

Hi all

 I just got mailers for 

-ollo platinum MC : 24.65% apr , 0% apr 7mos bal transfer , no preapproval amt 

-mercury rewards MC 26,65 % apr nothing else special but 2% cashback on all, preapproval $2000

my util is 0 to -low on all my cards (3 are in fact 0) and I'm loving the cashback rewards from Discover ($2k CL) so I'm tempted to bite the bullet for the mercury card becausei want cashback, but I like the 0% apr on purchases for 7 months and balance transfers. I also don't know if I really need more cards. 

I'm rebuilding after a BK7 a year ago and so I'm interested in rebuilding the best way I can, not necessarily the fastest way. I keep trying to pc my new cap one to a QS but I get  no love (too new I think, opened it last month)

 what would you do? Trash them apps or press the button...?

 Sorry mods if this is the wrong area to post this

 thanks

[Brian_Earl_Spilner]

Cap1 requires 3-4 months before you can PC.

They say ollo is a good card. I would app for it if I got an invite.

[EverForward]

If I were to consider either of the two cards, it'd be the Ollo.  I too have the mailer for Ollo platinum MC but have not pulled the trigger.  I have invites within CK and Experian for both the Ollo platinum and the Ollo rewards cards.  Also, if I recall correctly someone here said they received a rewards mailer after their platinum mailer.

[Anonymous]

At 2% I would take the Mercury card personally. High APR doesn't mean a thing if you PIF. 

[Phoenixupward]

Ollo is not a bad card.  It is a no AF so that's a plus.  Good starting limit and CLI. If you are rebuilding, not bad to have although interest rates will be high. If you PIF, then the interest rates should not be a concern.  Good luck

[Tyrannos]

I would either go for the Mercury Rewards or try to get pre-approved for the Ollo Optimum. Its 2.5% cashback and it has 0% APR for purchases. I had received the Ollo Platinum mailer as well and I wasn't interested until I heard about the Ollo Optimum. I went and checked the cards offered on Experians site and on my first visit I saw the Optimum, applied and got approved. If its not popping up for you then check Credit Karma as well. If your not seeing it at all then I would go for the Mercury Rewards.

[Anonymous]

Thanks all.. I apped for both but Ollo denied me and Mercury loved me. This is in another thread 

[FinStar]

As the OP has indicated an approval for the Mercury card, this thread is now locked and closed to new messages.