Ollo, issued by The Bank of Missouri, markets two Mastercards exclusively through prescreened, invitation-only offers — there's no general public application. If you've received an Ollo mailer or online offer with a reservation code, that offer is how you apply; the terms below are the general figures reported by third-party reviewers and should be checked against your own specific offer.
Ollo Rewards vs. Ollo Platinum
The Ollo Rewards Mastercard carries an annual fee up to $39 and earns 2% cash back at gas stations, grocery stores, and drugstores (1% on everything else). The Ollo Platinum Mastercard charges no annual fee but doesn't offer any rewards program at all — it's a straightforward credit-access card. Which one you're offered depends on the specific invitation you received; they aren't both available to every applicant.
Why the invitation-only model matters
Because Ollo doesn't run a general application, published APR and fee figures for these cards can lag or vary by offer cohort. Treat the ranges here as a starting reference and verify your exact terms in the offer letter or online portal tied to your invitation before deciding between versions.
Who these cards fit
If you're weighing the Rewards version against the Platinum version, the math is simple: at 2% back on gas/grocery/drugstore, you'd need to spend roughly $1,950/year in those categories just to offset a $39 annual fee versus earning nothing extra on Platinum — beyond that spend level, Rewards likely wins; below it, Platinum's no-fee structure may be the better deal.
Our methodology
Every figure above is attributed to Ollo's card program disclosures and independent third-party review data, cross-checked for consistency. ClearValue Lending is not a card issuer; we score and compare publicly available terms. Because Ollo cards are invitation-only, confirm your specific offer's terms directly before applying. See our full review methodology for how we score cards.