Ollo Optimum Mastercard approval

[Anonymous]

Like many of you, I constantly receive credit card offers through the mail. I generally glance at them, then discard them. But an offer of unlimited 2.5% back with no AF, 0% APR for 15 months, and fee balance transfer fee for 60 days was intriguing. It has a variable APR of 17.99% after the intro period, but no really an issue since I always PIF.

I thought I would go ahead and give it a shot since 2.5% was a nice way to handle any non-category spend from other cards. Well, I was approved quickly online, but only for a $2,000 limit. Not great considering I have 3 cards with limits over $10k and another over $20k. I'll run some spend through it for a while and see if it grows any with their "automatic reviews".

Data for those that are interested: EX 788 TU 788, nothing derogatory reporting, Income $100k - $200k

Utilization probably reports at 10%-15% overall but everything is PIF except couple 0% purchase offers I am carrying.

I don't appear to meet their normal target audience if they do in fact look for people carrying balances. Although it might be possible that carrying a high utilization at 0% on my Best Buy Visa recently might have factored into their algorithms.

[babygirl1256]

Congrats on your Ollo Optimum Mastercard approval.

[CreditMagic7]

Congratulations on your Ollo Optimum Mastercard Approval!

[Elpadrino1]

Congratulations on your approval!!

[gdale6]

Grats on the Ollo approval!

[everest]

Congrats on your Ollo approval! 🎉

[DesertWanderer]

Congrats on your approval!

---

@Anonymous wrote:

Like many of you, I constantly receive credit card offers through the mail. I generally glance at them, then discard them. But an offer of unlimited 2.5% back with no AF, 0% APR for 15 months, and fee balance transfer fee for 60 days was intriguing. It has a variable APR of 17.99% after the intro period, but no really an issue since I always PIF.

I thought I would go ahead and give it a shot since 2.5% was a nice way to handle any non-category spend from other cards. Well, I was approved quickly online, but only for a $2,000 limit. Not great considering I have 3 cards with limits over $10k and another over $20k. I'll run some spend through it for a while and see if it grows any with their "automatic reviews".

Data for those that are interested: EX 788 TU 788, nothing derogatory reporting, Income $100k - $200k

Utilization probably reports at 10%-15% overall but everything is PIF except couple 0% purchase offers I am carrying.

I don't appear to meet their normal target audience if they do in fact look for people carrying balances. Although it might be possible that carrying a high utilization at 0% on my Best Buy Visa recently might have factored into their algorithms.

---

[CreditAggie]

Congratulations on your Ollo Optimum approval!