The Bank of Missouri
Ollo Rewards® Mastercard® Review 2026
2% cash back at gas stations, grocery stores, and drugstores — invitation-only, fee-bearing.
Who Ollo Rewards® Mastercard® is best for
Invited applicants who want everyday-category cash back and don't mind a modest annual fee.
At a glance
- Annual fee
- Up to $39
- Purchase APR
- 24.99%-27.99% variable
- Bonus category rate
- 2% cash back
- Base rate
- 1% cash back
Varies by specific invitation offer
Per issuer/third-party disclosure — verify your offer
Gas stations, grocery stores, drugstores
All other purchases
Pros
- +2% cash back on three common everyday categories (gas, grocery, drugstore)
- +No foreign transaction fee
- +No over-limit fee, and no interest-rate penalty for a missed payment on some offers
- +Straightforward flat-category structure, no activation needed
Cons
- −Carries an annual fee up to $39, unlike many rewards cards in this tier
- −Invitation-only — can't apply without a prescreened offer
- −24.99%-27.99% APR range is high if you carry a balance
- −1% base rate is unremarkable outside the three bonus categories
Ollo Rewards® Mastercard® requirements
- Fair-good credit typical
- Must have a prescreened Ollo offer
- US residents 18+
Ollo Rewards® Mastercard® alternatives
Top alternatives worth comparing from Ollo Card: Complete 2026 Guide (Rewards vs. Platinum Mastercard).
The Bank of Missouri
Ollo Platinum® Mastercard®
Want no annual fee and don't need a rewards program
Not sure which card fits?
Answer 3 quick questions and get matched to the right card type for your spending profile.
Find your card type — 60-second quiz→The full lineup
See all picks in Ollo Card: Complete 2026 Guide (Rewards vs. Platinum Mastercard)
Editorial methodology + complete ranking criteria + side-by-side comparison of all picks.
Read the full guide →Bottom line
Ollo Rewards® Mastercard® scores 3.8 / 5 on the ClearValue Rating — a deterministic editorial composite from the product's own published fees, terms, and eligibility. Best for: Invited applicants who want everyday-category cash back and don't mind a modest annual fee.
◆ How we scored it
The ClearValue Rating, broken down.
- Cost
- 35%
- Fit & approval odds
- 30%
- Speed & terms
- 20%
- Transparency
- 15%
Cost (35%), Fit & approval odds (30%), Speed & terms (20%), Transparency (15%) — scored consistently across every product, independent of compensation. Full methodology →
Frequently asked
Questions about Ollo Rewards® Mastercard®
Can I get the Ollo Rewards card without an invitation?+
Generally no — Ollo markets its cards through prescreened invitations rather than a public application. If you haven't received an offer, check with The Bank of Missouri or Ollo's website for whether an open-application path currently exists.
Does the Ollo Rewards card charge a penalty APR?+
Check your specific cardholder agreement — penalty-APR policies can vary by offer and change over time. Ollo has historically marketed itself as not raising your rate for a single missed payment, but confirm this against your current terms.
Is ClearValue Lending a bank or card issuer?+
No. ClearValue Lending is not a bank, card issuer, lender, or financial advisor. This review presents publicly available editorial information about the Ollo Rewards Mastercard. The card is issued by The Bank of Missouri. Rates, fees, and terms are determined solely by the issuer and may change — verify current terms directly with the issuer before applying.
Related guides
- Ollo Card: Complete 2026 Guide (Rewards vs. Platinum Mastercard)
- Capital One Savor vs SavorOne 2026: 4% or $0 Fee?
- Chase Sapphire Preferred vs Capital One Venture X 2026
- Chase Sapphire Preferred vs Reserve 2026: Which Card Wins?
- Amex Platinum vs Chase Sapphire Reserve 2026
- Chase Sapphire Preferred vs Citi ThankYou Premier (Strata) 2026: Which $95 Travel Card?
Independent editorial review. ClearValue Lending is a business & personal financing platform — not a lender, broker, or financial advisor. Some links are affiliate links; the issuer may pay a referral commission at no cost to you, which never changes the score. Specific product terms vary; verify with the issuer before applying. See privacy policy.
https://clearvaluelending.com/reviews/ollo-rewards-mastercard