Ollo Platinum Mastercard Review

Nowadays, we use cards such as credit and debit to purchase the things we need and want to buy. Cash is seldom used nowadays except for the traditional stores that only accept cash as a mode of payment. People who do not have sufficient cash-on-hand or even debit would certainly go for credit cards. Credit cards have their perks and incentives depending on the company and the type of membership.

There are two types of credit cards, secured and unsecured credit cards.

Secured credit cards require a security deposit before you can utilize and have a membership, while unsecured credit cards do not need a security deposit to be approved. One type of credit card is Ollo Platinum Mastercard, manufactured by Bank of Missouri and powered by Ollo Card Services. This card is one type of unsecured credit card. One can only own this card through mail invitation aimed at those who have fair to good credit score and range.

The Ollo Platinum Mastercard is ideal for those people who want to regain or build their credit standing and those who do not want to pay annual fees since it has no yearly charges. Most of us want to enjoy the perks and incentives without thinking of high annual payment, and this card ticks off that worry in the list.

Most people are getting attracted to this card because of the reward system. Of course, cardholders want to make the most of their credit cards to the rewards they get after every purchase is appealing since we all want some freebies in the form of earned points and a cashback platform.

Another thing about this card is that cardholders can access their FICO score online monthly, which is a good thing to monitor their scores regularly. Here, we will further see the advantages and disadvantages in this Ollo Platinum Mastercard review article and the real deal of its features and usage.

Why Ollo Platinum Mastercard?

Since we have brief information about this credit card, we will further know why people choose to acquire this type of credit card. People choose to apply for this credit card due to numerous reasons it entails. The following are the benefits that people consider:

No Yearly Fees

The good thing about having the Ollo Platinum Mastercard is that it does not have annual fees and foreign transaction payments. You can also enjoy no monthly service charges and a return payment fee. Most people enjoy this feature since sometimes it is bothersome to pay for monthly and annual charges.

This feature is a big deal because other credit card providers have annual fees, which are sometimes difficult to maintain since they are expensive. Having not worry about foreign transaction fees is also an advantage because you can transfer money with ease and without thinking about charges.

Online Access and 24/7 Customer Service

 Having this card means easy access to your transactions online. You can view the deductions of your purchases online and monitor the activity of your credits using mobile and other online devices any time of the day at the comfort of your home or be it anywhere you are.

The customer service that operates 24/7 is also beneficial for people who have inquiries regarding their credit cards or general questions. Other credit card providers do not offer online access to transactions and are very rigid when it comes to online access to accounts. Some customer service is also operated for a very limited time so having a 24/7 hotline is very important to consider when it comes to credit cards.

Credit Line Increases Automatically

Cardholders enjoy the benefit of an automatic increase in their credit limit if they have a good credit standing. Unlike other credit cards that are rigid when it comes to credit lines, Ollo Platinum Mastercard significantly increases the credit line of their customers automatically. Cardholders enjoy this feature since they do not have to apply to increase their credit line because it will be automatically increased once they have good credit status. They do not need to wait for pending applications and submit some requirements for an increased credit limit increase.

The Advantages and Disadvantages of the Ollo Platinum Mastercard

Ollo Platinum Mastercard appeals to those looking for a credit card service that does not have annual charges and no security deposit. It is also applicable to those who are building their credit scores. However, given the advantages it entails, we also have to take into consideration the disadvantages it has.

Here, we will look into the advantages and disadvantages of Ollo Platinum Mastercard.


Ollo Platinum Mastercard gives perks and incentives to those cardholders who are financially responsible. Moreover, there are more advantages that this card can offer, such as:

  • No Need for Advanced Security Deposit.

Since Ollo Platinum Mastercard is an unsecured credit card, cardholders do not need to deposit to be a member. Most people have difficulty applying for other cards because of the required security deposit that costs too much. In this card, you do not have to worry because this is a type of unsecured credit card that does not need a deposit for your application to be approved. Cardholders consider this a big factor since it is now difficult to find a credit card that allows zero balance before acquiring it.

  • Zero Fraud Liability.

Cardholders are given the assurance that their accounts are protected from unauthorized purchases. There is protection in case the card is lost or stolen and used without the consent of the cardholders through a liability policy. Since fraudulent tactics are so popular nowadays, people tend to look into this feature in a card to ensure that their accounts are safe and protected to cut possible worries and troubles.

  • Regular FICO Score Update.

Cardholders can enjoy monthly updates of their FICO Scores, and the good thing about this is that they are updated about their outstanding balance to pay on time and not miss a pay period. Once you miss a period, additional charges may apply, so the good thing about this is that cardholders are always updated about their FICO scores.

  • Good Customer Service and Online Access.

It is beneficial to access your account online for convenience and easy access to your transactions. Cardholders are given this benefit, and they can access their account using their mobile phones and other online devices anytime and anywhere. In addition, we all want our credit providers to have good customer service that we can call and ask about whatever happens in your accounts.


We have heard the Advantages of owning an Ollo Platinum Mastercard that cardholders enjoy. However, let us also look into the Disadvantages of using this card, such as:

  • High Annual Percentage Rate (APR).

As compared to other credit cards, the Ollo Platinum Mastercard has a higher APR rate of 24.99%. This is considered relatively high for those cardholders who have fair credit standing. The following are the rate and fees associated with this credit card:

  1. Cash Advance APR: 24.99% to 27.99%
  2. Cash Advance Transaction Fee: $10 or 5%
  3. Regular Purchase APR: 24.99% to 27.99%
  4. Balance Transfer Transaction Fee: $5 or 4%
  5. Late Payment Penalty Fee: Up to $40
  6. Annual Fee: $0 to $39
  • No Rewards Platform.

The sad thing about owning this credit card is that you will not have cashback or return points from your purchases and transactions made. While others provide this perk, it is not included in this credit card. That is why some cardholders are quite frustrated since the rewards system excites people about what they can collect and enjoy while using their credit cards. Plus, they can avail or have additional purchases once there is a reward system that allows cardholders to earn rewards and cash backs.

  • Mail Invitation Only.

This card has no walk-in applications since they only allow people to apply if they receive the mail invitation. You have to have the mail invitation in order to be considered as a cardholder on this card. People are only invited to apply once they receive a mail invitation which makes the application process rigid since only selected people are given a chance to apply.

Ollo Platinum Mastercard is Ideal for Those Who:

We have heard the advantages and disadvantages of this credit card. Now, we will know for whom this credit card is most suitable. We have different preferences when it comes to the features of various credit cards, and we also consider these aspects in choosing the credit card we will acquire.

  • People who want to restore their Credit Score.

This card is most suitable for those people who had a bad credit score in the past and wanted to restore their credit standing. If you have acquired a credit card before and you happened to have issues regarding membership and fees, now is the time to get back on track and acquire Ollo Platinum Mastercard since it will improve your credit score and will give you the chance to acquire a new credit card in the future without having to worry about your credit status.

  • People who do not want Surprise Fees.

 Most people do not want fees that will surprise them and grab them some pennies. If you are that person, this card might be suitable for you since the fees are only minimal, and you don’t have to worry about additional and hidden charges that come your way.

  • People who want to have online account access.

 If you are considered a tech-savvy person who relies on digital tools to monitor your account, this card is ideal for you since they do have online account access, which you can view anytime and anywhere. This is considered as one of the major things nowadays because, in this modern era, most people value the essence of convenience and monitoring their accounts through their phones.

  • People who want 24/7 Customer service.

One of the most important aspects to look into is the quality of customer service that one bank has to offer. With Ollo Platinum Mastercard, cardholders will have a guarantee that their concerns will be tackled and heard since they have 24/7 customer service. They are able to reach customer service at any time of the day.

  • People who want a good security system against fraud.

We all want to be safe against frauds and scams in order to protect our accounts. If the card provider has zero fraud liability, it will be beneficial for cardholders to protect their accounts against scams. People who are very particular about security and safety will like this feature ad will consider applying since they will be sure that their accounts are in safe hands.

Real Reviews from Cardholders and their Experience

Cardholders who have had experience using the Ollo Platinum Mastercard have the right to say their reviews and personal experience. The authenticity of reviews will define the pros and cons of credit cards. There is no perfect credit, but the reviews will also help the manufacturer to know the feedback of cardholders in order to develop and implement improvements in the features of the card.

One review from a cardholder referenced from Ollocard mentioned that this credit card aided him/her in getting the credit back. His/Her credit limit was low initially, but after being a responsible payor, the credit limit was back to normal. He/She also mentioned that paying your outstanding fees on time will help you get a good credit standing.

Another good review from Creditkarma indicated that Ollo Platinum Mastercard is really a good credit card to restore credit score. In addition, the process was so efficient, and they even gave the cardholder a good credit limit to start and rebuild his/her credit score. Paying on time helped this cardholder to maintain a good credit standing and get away from additional charges.

One negative review from a cardholder that has gotten from Trustpilot mentioned that he/she checked the available credit and, to his/her surprise that the credit is $0. It was found out that if your account has been idle or has not been used for quite some time, they will close the account for inactivity. The inquiry was made to customer service because he/she was not given any heads up, and the customer service replied that the letter of information was sent the same day the account was deactivated. The real deal is that they have not sent the letter; otherwise, the cardholder would be notified and informed soon.

Another negative review from Creditkarma indicated that for two years, he/she paid on time and was given a credit limit increase when out of the blue, the provider canceled his/her account without proper warning or notice. The effort to call customer service has been made multiple times, but still, the account was already canceled. As a result, the cardholder does not recommend this credit card to everyone.

These are some of the several reviews that are available on the web, written by the consumers of the ollo credit card. 

Other Options Aside from Ollo Platinum Mastercard

We have heard the real reviews from cardholders, and we have seen the benefits and disadvantages of this credit card from the masses. Although this card poses advantages in terms of usage and features, there is also negative feedback that leads to people not recommending this credit card. In line with that, there are other options that can be considered. If you are considering other good credit cards that will aid in your financial efficiency but also will give you good credit standing with fewer fees and charges, here are the alternative credit cards to take into consideration:

  • Surge Mastercard.

This is a type of credit card that allows people with poor or bad credit to apply and has a credit limit of up to $1,000 to $2,000. The initial credit limit is $300 – $1,000 but is subject to change depending upon the credit standing. Cardholders can enjoy free access to their Vantage 3.0 from Experian, one of the major credit bureaus. One of the good things about acquiring this card is that it reports to the three major credit bureaus. The regular Annual Percentage rate or APR is 24.99% – 29.99%.

  • Capital One QuicksilverOne.

This type of card is suitable for those who have average, limited, and fair credit standing, and there is an annual fee of $39. The regular Annual Percentage rate or APR is 26.99%. Cardholders can enjoy and earn unlimited cashback of 1.5 % on every purchase that they will do. This card has a good reward system in which one can earn cash rewards even if they do not sign up for rotating categories. In a span of just six months, the credit line can automatically increase if you will pay on time. There is also a free application named CreditWise wherein you can monitor your credit standing, and it is free of charge for everyone. This feature is advantageous since we all want to view our account with ease and without charges.

  • Petal Visa.

If you are looking for a credit card that has a good reward system in which you can earn rewards for every purchase, then you might want to consider this credit card. Cardholders enjoy no annual fee, and with every purchase made, there are 1% earnings. If you are financially responsible for six months, there will be a 1.25% cashback on the reward platform. The provider will also increase to 1.5% the rewards rate for all purchases made if you pay your bill on time for 12 months. Owning a Petal Visa credit card, your credit limit will range from $500 to $10,000, but that still depends on your credit standing. The APR is 23.99% for cardholders with fair credit scores and 12.99% for those who have excellent credit scores.


In this modern era of technology, the way we do things is now becoming different day by day. Right now, purchasing goods and services have options we can do in order to pay. We can pay through cash on hand, debit as well as credit cards.

Nowadays, we tend to use cash on hand very seldom because the presence of cards with chips has been going on. Whether we eat outside, purchase things in the store, pay for the services we have enjoyed, we will now pay through our debit cards, so we don’t need to withdraw cash from any machine. But what if we lack money in our debit and decide we want to borrow money, but we want the less hassle way of borrowing money and enjoy the things we want to purchase right away. That is where credit cards become advantageous to use.

Credit cards have made our lives more convenient nowadays. We can swipe whatever we want to buy, and it will be credited to our account. Aside from that, people can earn rewards and cashback at the expense of swiping and borrowing; how cool is that. One of the famous types of unsecured credit cards is the Ollo Platinum Mastercard. This card is manufactured by the Bank of Missouri and powered by Ollo Card Services.

People choose the Ollo Platinum Mastercard because of its benefits such as no yearly fees and annual charges, online Access and 24/7 Customer Service, and the automatic increase of Credit Line. Given its benefits, people still consider the advantages and disadvantages of the Ollo Platinum Mastercard in order to weigh down both aspects.

In terms of the Advantages, this card has no need for an advanced security deposit, zero fraud liability or protection against scams, monthly updates regarding FICO Score, and 24/7 customer service and online access for convenience. On the other hand, Disadvantages are high Annual Percentage Rate (APR), rewards and cashback system, and the fact that people can only apply once they have received a mail invitation to apply; otherwise, there is no other way to apply for this card.

The Ollo Platinum Mastercard is most ideal for those people who want to regain and restore their credit scores and those who do not want to pay surprise fees such as annual and late payment charges. This card is suitable for those people who want to access their accounts online through mobile and other online devices and those people who want to enjoy 24/7 customer service.

People who want to have a good fraud protection system are also the ideal cardholders since the provider of the Ollo Platinum Mastercard included in its feature strong protection of data and accounts. When it comes to reviews and feedback from cardholders, there is good and bad feedback which are inevitable in every product. In terms of positive feedback, one cardholder mentioned that Ollo Platinum Mastercard is helpful for him/her to regain the credit standing if you pay your dues and outstanding balance on time.

Another feedback indicated that if you pay your balance responsibly, you will be free from additional charges and late payment fees. If there is positive feedback, there are also negative reviews about this card. One of the cardholders says that the provider deactivated his/her account for being idle for several months without prior notice or warning. Another cardholder said that he/she does not recommend this credit card because the customer service is so poor that he/she tried to call to inquire about the canceled account but failed to receive a response from them.

We cannot deny the fact that there is no perfect credit card, but due to the negative feedback of the Ollo Platinum Credit Card, people tend to look for alternative credit cards that they can utilize. The first alternative is the Surge Mastercard that allows people with poor or bad credit standing to apply. This credit provider reports to the three major credit bureaus.

Another option is the Capital One QuicksilverOne that is suitable for those who have average, limited, and fair credit standing, and there is an annual fee of $39. The last alternative is the Petal Visa, a credit card that has a good reward system in which you can earn rewards for every purchase. This card has no annual fee, and with every purchase made, there are 1% earnings.

Overall, there is no perfect credit card; there are features that work and do not work with us. We have choices to consider in acquiring a credit card that is most suitable for our needs and desires, but the first thing that we should put into consideration is to control our use of credit cards because, at the end of the day, we still have to pay what we have credited.

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Robert Ferry

We are an unbiased knowledge center for finance and our goal is to help you make your own, educated decisions about getting your credit life turned around.