Credit card company Ollo has launched a new credit card offering 2.5% cash back on all purchases called Ollo Optimum. Previously Ollo focused mainly on people rebuilding their credit, this new card seems to be a change in direction from that. Let’s look at this card in more detail
Contents
Card Basics
- Card earns 2.5% cash back on all purchases, no minimum redemption and no limit on the amount of rewards you can earn
- No sign up bonus
- No annual fee
- No foreign transaction fees
- Card is by invitation only
Our Verdict
Overall this is a very good card, it’s up there as one of the highest earning cards on all purchases. In addition it’s nice there are no annual or foreign transaction fees to worry about. The downside is that there is no sign up bonus and you need to be invited for the card. How useful this card is for some people will likely depend on how tolerant they are to manufactured spending and how many people they invite to sign up.
Hat tip to reader Maks & Bill
