Ollo Everyday Rewards Mastercard Review

The Ollo Everyday Rewards Mastercard offers 3% cash back at gas and EV charging stations, grocery stores and drugstores, plus 1% cash back on all other purchases. It also has no annual fee, no foreign transaction fee, and no limit on how much cash back you can earn. The Ollo Everyday Rewards Mastercard is no longer limited to consumers who receive an invitation and is becoming available through affiliate channels, giving more consumers an opportunity to apply online.

Affiliate Disclosure: We are a professional review site that receives compensation from the companies whose products we review and recommend. If you click on a link, when an application is approved, or when an account is opened, we may earn a commission. We are independently owned, and the opinions expressed here are our own.

Ollo Everyday Rewards Mastercard

The Ollo Everyday Rewards Mastercard is a cash back credit card issued by Merrick Bank. It is designed for consumers across a range of credit profiles, with the offer listing Bad/Fair/Good as the recommended credit categories.

One of the most notable features of the card is its 3% cash back rate on several common everyday spending categories. You can earn 3% cash back at gas and EV charging stations, grocery stores and drugstores, while other purchases earn 1% cash back.

There is no annual fee, and the cash back does not expire. There is also no limit to how much cash back you can earn.

How the Ollo Everyday Rewards Mastercard Works

The rewards structure is straightforward. You earn 3% cash back at gas and EV charging stations, grocery stores and drugstores. All other purchases earn 1% cash back.

Unlike some rewards cards that limit the amount you can earn in their bonus categories, the Ollo Everyday Rewards Mastercard states that there is no limit to how much cash back you can earn. Your rewards also have no expiration date.

Check If You're Pre-Approved

The Ollo Everyday Rewards Mastercard allows you to see if you're pre-approved with no impact to your credit score. This gives you an opportunity to see whether you may qualify before proceeding with the application.

Pre-approval does not mean that approval is guaranteed. If you decide to apply, the issuer will determine whether you qualify under the applicable terms and conditions.

➤ Check for Ollo Everyday Rewards Mastercard pre-approval.

No Annual Fee

The Ollo Everyday Rewards Mastercard has a $0 annual fee. The card also does not charge foreign transaction fees, returned payment fees or over-the-limit fees.

The offer also states that there is no rate increase for making a late payment and that there is no penalty APR.

Automatic Credit Line Increase Review

The Ollo Everyday Rewards Mastercard provides an automatic review for a possible credit line increase in as little as six months.

This is an automatic review rather than a promise that your credit limit will increase. Whether a credit line increase is offered depends on the issuer's review and applicable account criteria.

If you want more information about how Ollo handles automatic credit line increase reviews, see our Ollo Everyday Rewards Mastercard credit limit increase article.

Other Ollo Everyday Rewards Mastercard Features

The card includes Zero Fraud Liability, providing protection against unauthorized transactions subject to the applicable terms.

There are also no foreign transaction fees, no returned payment fees and no over-the-limit fees. The card is issued on the Mastercard^® network.

Ollo Everyday Rewards Mastercard Fees

The Ollo Everyday Rewards Mastercard has no annual fee. Other fees can apply depending on how the account is used, including fees for cash advances, balance transfers and late payments.

The current offer information lists a cash advance fee of $10 or 5% of the amount of the cash advance, whichever is greater. The balance transfer fee is $5 or 4% of the amount transferred, whichever is greater. A late payment fee can be up to $40, while there is no returned payment fee or foreign transaction fee.

For the most current pricing and terms, review the issuer's Ollo Everyday Rewards pricing and fees before applying.

Who Is the Ollo Everyday Rewards Mastercard For?

The Ollo Everyday Rewards Mastercard may be worth considering if you want a credit card that combines cash back on everyday purchases with no annual fee. The 3% cash back categories are particularly relevant if you regularly spend money on gas or EV charging, groceries and drugstores.

It may also appeal to consumers who want the opportunity to check for pre-approval without impacting their credit score and who want their account to be automatically reviewed for a possible credit line increase after they have established a payment history.

If you're wondering what credit score you need to qualify, we've also looked at real-world approval experiences in our Ollo Everyday Rewards Mastercard credit score guide, including reported credit scores from people who were approved.

Ollo Everyday Rewards Mastercard Review: Bottom Line

The Ollo Everyday Rewards Mastercard stands out for its combination of 3% cash back on gas and EV charging stations, grocery stores and drugstores, 1% cash back on other purchases, and a $0 annual fee. There is no expiration date on the cash back and no limit to how much you can earn.

The card also offers a pre-approval process with no impact to your credit score, automatic review for a possible credit line increase in as little as six months, and no foreign transaction, returned payment or over-the-limit fees.

If you're looking for a no-annual-fee Mastercard with cash back on several everyday spending categories, the Ollo Everyday Rewards Mastercard is an offer worth examining.