How do I apply for an Ollo credit card?
To apply for an Ollo credit card, you must have received a pre-selected invitation by mail from Merrick Bank. You cannot apply directly on their website without the unique codes provided in the mailer.
Steps to apply with an invitation
- Locate your mail offer: Find the reservation number and access code printed on the invitation from Merrick Bank.
- Visit the official website: Go to ollocard.com or use the QR code from the mail offer.
- Enter your codes: On the "Respond to Offer" page, input your reservation number and access code to begin the application.
- Complete the online form: Fill out the application with your personal and financial information.
- Get a decision: Most applicants receive an immediate decision after submitting the form.
- Receive your card: If approved, the card will be mailed within 7–10 business days.
How to get an invitation
Ollo credit cards are invitation-only. Merrick Bank sends pre-approved offers to consumers whose credit profiles meet specific criteria.
- No waiting list: There is no way to request an invitation.
- Credit profile matters: Receiving an invitation means your credit report meets the issuer's criteria.
- Invitation is not a guarantee: An invitation increases your chances of approval but does not guarantee it.
Factors that influence an invitation
Focus on responsible credit habits to increase your chances. Merrick Bank evaluates a range of factors.
Credit report tips
- Credit score: Scores 640+ improve your chances.
- Payment history: Consistent on-time payments demonstrate reliability.
- Credit utilization: Keep utilization under 30%, lower is better.
- Credit inquiries: Limit new credit applications to avoid small score drops.
Financial health
- Debt-to-income ratio: Maintain a low ratio to show you can handle new credit.
- Income stability: Stable income and employment history help.
- Keep credit active: At least one active line of credit demonstrates credit history.
No guaranteed method
There is no guaranteed way to get an invitation. Merrick Bank sends pre-approved offers using criteria that are not publicly disclosed. Consistent, responsible credit habits are the best approach.
Before You Accept Offer
Compare this offer with other cards before accepting. The Ollo offer may be good but not necessarily the best fit for your situation. Consider key factors beyond the sign-up bonus.
Citi® Diamond Preferred® Card
- 0% Intro APR on balance transfers for 21 months and on purchases for 12 months from date of account opening. After that the variable APR will be 16.49% - 27.24%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
- There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
- Get free access to your FICO® Score online.
- With Citi Entertainment®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.
- No Annual Fee - our low intro rates and all the benefits don’t come with a yearly charge.
Citi Strata Premier® Card
- Earn 60,000 bonus ThankYou® Points after spending $4,000 in the first 3 months of account opening, redeemable for $600 in gift cards or travel rewards at thankyou.com.
- Earn 10 Points per $1 spent on Hotels, Car Rentals, and Attractions booked on CitiTravel.com.
- Earn 3 Points per $1 on Air Travel and Other Hotel Purchases, at Restaurants, Supermarkets, Gas and EV Charging Stations.
- Earn 1 Point per $1 spent on all other purchases
- $100 Annual Hotel Benefit: Once per calendar year, enjoy $100 off a single hotel stay of $500 or more (excluding taxes and fees) when booked through CitiTravel.com. Benefit applied instantly at time of booking.
- No expiration and no limit to the amount of points you can earn with this card
- No Foreign Transaction Fees on purchases
Citi Strata Elite℠ Card
- For a limited time, earn 100,000 bonus Points after spending $6,000 in the first 3 months of account opening.
- Earn 12 Points per $1 spent on Hotels, Car Rentals, and Attractions booked on cititravel.com and 6 Points per $1 spent on Air Travel booked on cititravel.com
- Earn 6 Points per $1 spent at Restaurants including Restaurant Delivery Services on CitiNights℠ purchases, every Friday and Saturday from 6 PM to 6 AM ET. Earn 3 Points per $1 spent any other time
- Earn 1.5 Points per $1 spent on All Other Purchases
- Up to $300 Annual Hotel Benefit: Each calendar year, enjoy up to $300 off a hotel stay of two nights or more when booked through cititravel.com.
- No Foreign Transaction Fees
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Experian Boost: A Comprehensive Guide to Boosting Your Free Credit Score
FICO® Credit Scores
FICO® Score Ranges:
- Exceptional: 800–850
- Very Good: 740–799
- Good: 670–739
- Fair: 580–669
- Poor: 300–579
What is a Credit Score?
A credit score is a three-digit number, typically ranging from 300 to 850, that predicts your creditworthiness—how likely you are to repay borrowed money on time. Lenders use this score to assess the risk of lending to you and to determine the interest rates and terms of any credit you might receive.
Why is a Credit Score Important?
A credit score is important because it acts as your financial reputation. Lenders, landlords, insurers, and employers use this single number to quickly judge how reliable you are with money. A higher score helps you qualify for loans and credit cards, often securing lower interest rates that can save you significant money. Conversely, a poor credit score can lead to application denials or much higher costs for borrowing, making it a key factor in your overall financial opportunities.
FICO® Credit Score Facts
- Three-Digit Number: Like other credit scores, FICO® Scores are a three-digit number that summarizes a consumer's credit risk.
- Range: Most standard FICO® Scores range from 300 to 850. Higher scores indicate lower credit risk.
- Data Source: FICO® Scores are calculated using data from your credit reports maintained by the three major credit bureaus: Experian, Equifax, and TransUnion. Your score may vary slightly depending on which bureau's data is used.
- Industry Standard: Lenders rely on FICO® Scores for mortgages, auto loans, and credit cards because they provide a consistent, statistically sound assessment of the likelihood that a borrower will repay their debt.
Note: Credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any credit card product.
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