What Credit Score Do You Need for the Ollo Everyday Rewards Mastercard?

There is no specific minimum credit score required for the Ollo Everyday Rewards Mastercard. The card is designed for consumers with bad, fair or good credit, and our research into real-world approval experiences shows that Ollo can approve applicants with relatively low credit scores. We found one reported approval with a 547 credit score, while other applicants have reported approvals in the 600s. However, your credit score is only one factor in the approval decision, and having a higher score does not guarantee that you will be approved.

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What Credit Scores Have People Reported Getting the Ollo Everyday Rewards Mastercard?

The best way to answer the credit-score question is to look at what people have actually reported after receiving an Ollo card. These reports don't establish a minimum approval score, but they do show that Ollo has approved applicants across a fairly broad range of credit profiles.

547 credit score — Ollo approval while other lenders declined: One recent myFICO forum participant said that when their credit score was 547, major lenders were denying them, including a secured-card application. They said Ollo gave them an opportunity to get a card during that rebuilding period. The account reportedly started with a $1,000 credit limit and later increased to $2,400 through automatic credit-line increases.

This is an interesting example because it shows why simply saying that you need a 600 credit score for Ollo doesn't tell the whole story. The person's reported experience was substantially below 600.

608 Experian FICO 8, 622 TransUnion and 653 Equifax — Ollo Rewards approval: Another myFICO member reported being discharged from Chapter 7 bankruptcy in August 2021. In January 2022, their FICO 8 scores were reported as 608 Experian, 622 TransUnion and 653 Equifax. After seeing a pre-approved Ollo offer, the applicant said they accepted it and were instantly approved for the Ollo Rewards card with a $2,500 starting limit.

That is another example of an Ollo approval occurring with scores well below 700, although the applicant's particular offer and credit profile were obviously part of the lender's decision.

648 FICO 8 — Ollo score reported as 719: One Ollo cardholder reported an important detail about credit scores themselves. The person said their Experian FICO 8 score was 648, while the score provided by Ollo was 719. The difference was explained by the fact that the two scores were different FICO scoring models.

This matters when looking at Ollo approval reports because two people can honestly report different scores without either person being wrong. The score a consumer sees through one credit-monitoring service may not be the same score a card issuer uses.

625 Equifax, 649 TransUnion and 640 Experian — later substantial credit improvement: Another Ollo cardholder reported FICO 8 scores of 625 Equifax, 649 TransUnion and 640 Experian during an earlier stage of rebuilding. Two years later, that person's reported scores had risen substantially, reaching 796 Equifax, 806 TransUnion and 812 Experian.

That report illustrates something important about cards like Ollo: an approval is only one point in someone's credit history. The card can be part of a longer rebuilding process in which the consumer's scores change considerably over time.

If you're looking for more information about the card beyond its credit-score requirements, see our Ollo Everyday Rewards Mastercard review, where we cover the card in greater detail.

Why Can Two People With Similar Credit Scores Get Different Results?

A credit score doesn't contain everything a lender sees when evaluating an application. Two people can have similar scores while having very different credit histories.

One applicant might have a relatively new credit file, while another has many years of accounts. One might have recent late payments, collections or a bankruptcy, while another has a clean payment history. The number of recently opened accounts and credit applications can also differ.

The scoring model matters, too. As the Ollo cardholder who reported a 648 FICO 8 score and a 719 Ollo-provided score demonstrated, consumers and lenders may be looking at different FICO models.

For that reason, a person's reported credit score should be viewed as part of the story rather than as a guaranteed approval threshold.

Can You See If You're Pre-Approved for the Ollo Everyday Rewards Mastercard?

If you're interested in the Ollo Everyday Rewards Mastercard, one useful option is to see whether you have an Ollo offer before submitting a full application. Current information about Ollo says consumers can enter their information to see which Ollo offers are available to them without affecting their credit scores.

A pre-approval or pre-qualified offer generally involves a soft credit inquiry rather than the hard inquiry associated with a completed credit-card application. A pre-approval is also not an absolute guarantee of final approval because the issuer can still perform its final review when you apply.

Check your Ollo Everyday Rewards Mastercard offer:

➤ Check for Ollo Everyday Rewards Mastercard pre-approval.

What Credit Score Should You Have Before Trying for Ollo?

There isn't a single number I would use as an Ollo approval cutoff based on the real-world reports I've found. Applicants with scores in the 600s have reported approvals, and there are reports of Ollo giving people an opportunity to rebuild after serious credit problems. At the same time, having a higher score does not guarantee that a particular applicant will receive the Everyday Rewards Mastercard.

The most useful takeaway is that your credit score should not be viewed by itself when considering the Ollo Everyday Rewards Mastercard. The real-world approval reports show that Ollo has considered applicants with a variety of credit profiles.

If you have an Ollo offer available, checking whether you're pre-approved can give you more information about your current eligibility without affecting your credit score before you decide whether to proceed with a full application.

Final Thoughts

So, what credit score do you need for the Ollo Everyday Rewards Mastercard? Based on real-world applicant reports, there is no single score that provides a reliable answer. I've found documented Ollo experiences involving applicants in the 600s, including people rebuilding after bankruptcy, as well as reports showing how dramatically credit scores can differ depending on the scoring model being used.

Rather than focusing on one supposed minimum score, it makes more sense to look at actual approval experiences and then see whether Ollo has an offer available for your own credit profile.