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CLI on my Ollo rewards

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Frequent Contributor

Re: CLI on my Ollo rewards

I just closed mine...$800 limit never grew and they hit me with a "gotcha" late fee when they were slow to credit payments.  Mailed the letter over a week ago asking them to close the account, and they were even SLOW to do that.  As of this morning it shows $0.00 available, so I guess they finally closed it.

 

Good riddance.

Message 11 of 20
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Regular Contributor

Re: CLI on my Ollo rewards


@cincydavid wrote:

I just closed mine...$800 limit never grew and they hit me with a "gotcha" late fee when they were slow to credit payments.  Mailed the letter over a week ago asking them to close the account, and they were even SLOW to do that.  As of this morning it shows $0.00 available, so I guess they finally closed it.

 

Good riddance.



Well it sounds like the late fee stopped a cli....You can't really expect a cli and fast payment posting


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AU Cards:

Message 12 of 20
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Frequent Contributor

Re: CLI on my Ollo rewards

It was just a bad relationship all along...low SL, took forever for payments to credit, just never got a positive vibe from them.  I'm in the process of culling the herd, and this was the first to go. 

Message 13 of 20
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Established Member

Re: CLI on my Ollo rewards

Nice! I also received a credit limit increase on my Ollo card a few days ago. Went from $800 to $3000. I have had the card since December. 

Message 14 of 20
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Regular Contributor

Re: CLI on my Ollo rewards


@cincydavid wrote:

It was just a bad relationship all along...low SL, took forever for payments to credit, just never got a positive vibe from them.  I'm in the process of culling the herd, and this was the first to go. 


I get it but you will see what you want to see.

 

I used it for $11 on 7/6. on 7/9 i paid the $11, on 7/10 the payment was posted... Not sure i would expect anything quicker than that? A late payment on record will obviously cause the creditor to hold your payments to make sure they'll go through...


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Message 15 of 20
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Regular Contributor

Re: CLI on my Ollo rewards


@cincydavid wrote:

I just closed mine...$800 limit never grew and they hit me with a "gotcha" late fee when they were slow to credit payments.  Mailed the letter over a week ago asking them to close the account, and they were even SLOW to do that.  As of this morning it shows $0.00 available, so I guess they finally closed it.

 

Good riddance.


I make my payments almost the day the statement comes out.  Generally, I have experienced about a one-two day processing lag.  That's not as bad as some cards.  I would have to say Ollo is stable for me and I love my 2k SL...

 

Anyways, this is my fourth month in on Ollo.  I'm awaiting the six months to see what kind of limit increase I get.  I recently received a $500 increase on my Discover It card, so even $300 would be great for the garden.  🤩 🌹🌲

 

Currently, these are my limits:

 

$1,100 Savor Card from Capital One

$750 QuickSilver One from Capital One

$2,800 Discover It

$2,000 Amazon Store Card

$2,000 Ollo Platinum Card

$2,000 Barlcaycard with Apple Rewards

-Entering 8th Year out of BK 7-

 

I'm entering the garden for a while and growing my limits.  Regardless, Ollo is great for someone like me who needs to grow but with no fees.  

 

Thanks, Ollo Card! 

Message 16 of 20
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Established Member

Re: CLI on my Ollo rewards

Congrats on the CLI bump!  

 

I just got approved last week for the Rewards, no AF, so waiting on the card. I managed to get a $3K CLI so wondering if anyone has any experience with them bumping up above $3K.  

As of 5-July 2018 TU - 648 EX - 668 EQ - 664
Ch13 D/C Nov 2017
CapOne V1 - $15000 CapOne QS1 - $3500 Discover IT - $2800 Ollo Rewards - $3000 PenFed PC Rewards - $1800, PenFed Pathfinder - $13900
Message 17 of 20
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New Member

Re: CLI on my Ollo rewards

That’s odd. I have chapter 7 BK discharged Oct 2017, my exp is 659, income is $58k, I have cap One $3500, along with credit one at 600, legacy visa at $750, first access at $350, and a self lender loan but Ollo hit me with a “need more time. 7-10 business days”.

Additionally, for the first time, I have 19% utilization because I purchase a vacation trip. I wonder if that’s why I got hit with that message.

Do you know what that means? Should I call to inquire?
Bankruptcy Chapter 7 d/c 9/3/17; May 7 2018 - Experian: 643;  Transunion: 651; Equifax: 664 ||Jan 18, 2018 - Experian: 627; Transunion: 627; Equifax: 627 || Capital One Pl CL: $3k; NFCU Secure CL: $500; Discover Secured CL: $200; Legacy Visa CL: $750; Credit One CL: $600; First Access CL: $300 || Carvana Auto Loan: $29k
Message 18 of 20
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Regular Contributor

Re: CLI on my Ollo rewards


@Minka wrote:
That’s odd. I have chapter 7 BK discharged Oct 2017, my exp is 659, income is $58k, I have cap One $3500, along with credit one at 600, legacy visa at $750, first access at $350, and a self lender loan but Ollo hit me with a “need more time. 7-10 business days”.

Additionally, for the first time, I have 19% utilization because I purchase a vacation trip. I wonder if that’s why I got hit with that message.

Do you know what that means? Should I call to inquire?
I'm not too sure about the calling part, from what I have seen it doesn't lead to success.  I am wondering what they decide though.  Let us know!  Good luck!

Message 19 of 20
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Frequent Contributor

Re: CLI on my Ollo rewards


@empire777 wrote:

@cincydavid wrote:

I just closed mine...$800 limit never grew and they hit me with a "gotcha" late fee when they were slow to credit payments.  Mailed the letter over a week ago asking them to close the account, and they were even SLOW to do that.  As of this morning it shows $0.00 available, so I guess they finally closed it.

 

Good riddance.



Well it sounds like the late fee stopped a cli....You can't really expect a cli and fast payment posting


I wouldn’t say any of my cards have super fast payment posting and I don’t expect it. But paying electronically it processes immediately and therefore it’s in, suppressing any late fees. 

PenFed Power Cash ($20,000), NFCU GoRewards Sig ($18,000), PNC Cash Rewards ($15,500), PNC Cashbuilder ($15,000), NFCU CashRewards Sig($12,000), Ebates Platinum VS($10,000), Paypal 2% MC($7700), Wells Fargo CashWise($7000), Amex BCE($6000), Amex ED($6600), Synchrony Financial ($25,000), BBVA Clear Points ($3800), Amex Cash Magnet($2000), Walmart MC($8000), Fifth Third Truly Simple ($4000), BB&T Spectrum Cash Rewards($4500), BB&T Bright Card($4500), CapOne Quicksilver($1500), JCP($10,000), Care Credit($15,000), RoomsToGo($11,000), US Bank Cash+ ($2500), US Bank Cash+ ($1,000), Wayfair($11,000), HSN($8000), Overstock($11,850), Lowe’s ($25,000), Trek Card($4250), WF mortgage 195K Fico 8: EQ 700, TU 709, EX 712, AAoA-86 months, AoOA-23 years, Fico 9: EQ 734, TU 737, EX 713
Message 20 of 20
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