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We look at the Ollo Optimum Mastercard, asking the question: is this the best cash back credit card ever? The card earns 2.5% cash back, similar to the Alliant Cashback Visa Signature card, but it is unlimited how much cash back you can earn. Don’t get this card confused with the Ollo Platinum Mastercard, which is a credit building card.
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44 comments
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The Ollo Optimum is invitation only?
Depending on the category I get 3% back on Apple, Bank of America, and Discover. Not to mention most of my online shopping is Amazon with 5%. Appreciate you and the channel. Thank you.
I have the Ollo credit card 💳 I’ll have to check out this card
Cash back to me is icing on the money cake
You could've revealed at the begining it's invitation only.
Spend 10k to get 250 back but it's an invitation only card… they sure know how to play the game.
I have $10000 spend coming up for property tax.
Which card I should go for I am interested in getting cash back sign up bonus not interested in miles for travel etc?
No SUB… gotta pass
God bless your president Biden and god bless America 🇺🇸
Annual fee is either $0 to $39 under card agreement for ollo opt card
im in credit card debt
Gotta say…I’m no longer interested in “cashback” 💳 s anymore per se, only points and rewards (which I feel garner me more redemption for my spend). However, as always great informative vid 👍👍🙃
Sounds like a dish detergent product; never heard of it LOL awesome video though; love your humor!!!
Alliant is a $99 AF, not $95, you even show the $99 in this video. And why do you always fail to mention the $20,000 of noncategory spending it takes to break even with this card? Your supposed to be helping people.
95$ annual fee for .005% more cash back? To put real spend on that you would break even with the Citi Double cash card after $19,000 in yearly spend. Pass.
Is this card invite only forever or will you be able to apply for it at some point?
USAA had the "limitless" visa which you can't get anymore. 2.5% back on everything w no AF. Great card
After I get a mining computer that I want to get anyway. I plan on getting the coinbase debit card. It gives you 4% back on everything but it's in cryptocurrency. But you can sell that for cash.
The number of times I have to actually revert to my AmEx 2% card is so small that this card makes no sense. I'm not giving up AmEx customer service.
There are a couple of 3%/“3x” cards but they are very challenging to get approved for/qualify for the FCU membership necessary to get the card.
Datapoint: my dad got this offer more than a year ago and he had no intention of getting it. I took the offer and used the code for the application. I've had the card ever since.
Have you heard of Stripe's new "banking as a service" model? Shopify has their own bank account and credit card now because of them
I have the Charles Schwab Amex Platinum card, so on my blue business card, i got 2.5 cents per dollar into my Schwab account.
2 things: I just realized your name is credit sir in Chinese. And I was just looking at this card the other day
I used to get o l l o invitations in the mail all the time. I had no clue as to what it was and considered it just another scam card. Who knew?💳
Yay! I’m glad you made the video. I have this card and love it. The only thing I dislike is my credit limit has been 3.5K for almost 2 years. I need a limit increase badly. They also only allow 5 payments within a 30 day window. I need more payments allowed because of that. The other bad thing is you need to be careful to try and report near 0% utilization each month. It’s easy to get high utilization with this card and have it ding your score. I’ve maxed out this card several times easily and pay it off.
AODFCU has a 3% unlimited cashback.
I was excited up until you said “Invitation only.” I’m still waiting on my centurion invite, and that’s been taking for ever 😏
Lmao “maybe spending habits”, thats all they care about. They’d only give something like that to people they know will make them money off it😂
You should have mentioned that the Alliant Visa Signature card has a $99 annual fee. Unless that extra 0.5% offsets the hundred dollar annual fee, then get the Citi Double Cash.
I'm waiting for a 3% cash back from Dominion, that adds a hidden fraction onto the vender fees.
I will keep my eyes on the mail box.
Ya you would to spend at least $1700 a mth on the alliant card to beat any other 2% card when subtract the AF.
And cant apply for the ollo.
Im good with my discover, freedom, citi dc, paypal setup. 👍🏼
Do you know the muffin man ?
Mid florida bank visa signature has a 2.5% and $100 sign up bonus
Ben What about Bofa premium plat honors 2.6%
The only reason you should get the Alliant is if you spend more than $19,000 per year on a flat rate card if it has a $95 fee. Otherwise you're just wasting money choosing it over the DoubleCash's flat 2%, gotta factor that opportunity cost!
I actually just got the offer from Ollo last week, have not decided yet if I take it because I just got 2 new credit cards this month….. hummmm
AOD Credit Union Credit Card is 3% cash back
Ive had the Alliant card for two years and its been a very good card for me. However, money talks. I would switch to the Ollo to save the $95 annual fee. Why not?
I went to their facebook page and asked for an invitation. We'll see how it does/doesn't work out.
Wow, this certainly beats my Discover It (2%) and Capital One Quicksilver (1.5%) for those “other” category purchases, which is a pretty big category if you think about it.
I just received an invitation for Ollo nurse care 2.5% reward.