Ollo MasterCard

[Anonymous]

been browsing for an hour today. Am starting to rebuild credit. 

If anyone can explain to me the way to get an Ollo offer or pre-approval rolling let me know. 

Thanks for everyone's willingness. These forums are educational and I appreciate it. 

[UncleB]

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@Anonymous wrote:

been browsing for an hour today. Am starting to rebuild credit. 

If anyone can explain to me the way to get an Ollo offer or pre-approval rolling let me know. 

Thanks for everyone's willingness. These forums are educational and I appreciate it. 

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Hi @Anonymous, and welcome to myFICO!

I've moved your post to a new thread so you can get information specific to Ollo.

--UB

[Anonymous]

Last time I looked, it was "by invitation" but I wouldn't have a clue what you would need to do in order to generate an invitation.  I had a less-than-stellar experience with Ollo...they were SLOW to credit payments, to the point that they dinged me for a late fee.  I cut the dumb thing up so I wouldn't be tempted to use it in the future.

[Brian_Earl_Spilner]

Ive read nothing but bad things about it.

[Anonymous]

I've been getting preapproved offers for the vanilla Ollo for months now, and since I responded with perfect silence, they appear to finally have decided to try to tempt me with the rewards version; I got a preapproved offer for that earlier this week. Having thought about it - I will admit I was tempted at first - I think Synchrony's Paypal Cashback Mastercard works better for me, since it's straight 2% cash back on everything (Ollo is 2% only on gas, groceries and drugstore purchases, 1% - same as Discover except quarterly categories - on everything else, and I already have two Discover IT's). I'm waiting until at least next month and maybe later to try for any new cards anyway so that several credit milestones can pass.

[Adkins]

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@Anonymous wrote:

been browsing for an hour today. Am starting to rebuild credit. 

If anyone can explain to me the way to get an Ollo offer or pre-approval rolling let me know. 

Thanks for everyone's willingness. These forums are educational and I appreciate it. 

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You can try signing up for Experian's free credit report and see if the card is in the pool of recommended cards for you.

https://www.experian.com/blogs/ask-experian/dont-have-perfect-credit-theres-a-new-type-of-credit-card-just-for-you/

[Anonymous]

Try Lendup Arrow or Merrick Bank if they give you no AFs. I got an Ollo offer in the mail recently but I’m thinking of holding off for a while, not sure if I will apply. The company is very new.

[Anonymous]

I just want to make clear for anyone who's reading this:

I have had Ollo for a little over half a year now and the payments aren't *THAT* slow at this point.  I say that because it's possible that the bank itself has improved or it's percieved as slow...

That being said, I make my payments the day the statement comes out and it takes *ABOUT* 2-business days but lately it's been about 1.  *This is from my experience.

I have built my credit with them and I had a nice SL, same as Discover It...  But without rewards.  It still adds to my history and utilization in the long run.  

Good luck and love,

iMacGuy

[FireMedic1]

I'll be more than happy to send you the 12 envelopes stacked up on my desk in 4 weeks.