Does ollo credit card report to credit bureaus

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I have been a customer with Ollo Card…

I have been a customer with Ollo Card for quite some time now on-time payments never missing a payment always perfect credit history with them. The last payment that apparently was made there were some kind of mishap with my other bank for the payment to go through. I was never notified of this payment being rejected. They ended up blocking my account for five days and because of the holiday ended up to be six days. I had automatic payments due on other accounts that were due to come out and now I’ve missed all those payments so they really screwed me over big-time way to go treated how to treat loyal customers . Stay away from this company it’s a big headache

Date of experience: November 14, 2022

I use the card to purchase a…transmission

I use the card to purchase a transmission from a company that never replaced my old transmission. I had to take my vehicle to the dealership and provided proof of this and I disputed the charge and was denied. If I have proof and documentation from the car dealership that I didn't get a new transmission, what else do you want. I will be moving forward with legal actions

Date of experience: August 31, 2022

Use it or lose it

Got this card in March 2022 to help build up credit score. Have not used it yet. On 10/29/2022 I received a letter dated September 27, saying that due to an account review done on October 12th, my account was being closed due to not being used in over 6 months. How did they do an account review on October 12th and go back in time to send a letter on September 27th? Someone isn't very good at their job. A heads up would have been nice. If I knew they'd cancel it I would have used it regularly. Judging by a lot of the other reviews I read, I'm sort of glad I didn't use it now, as they sound like a nightmare to deal with (like CreditOne was for me... total nightmare). Gotten more/better quality cards since then, including from my bank, Fifth Third, so no loss for sure.

Date of experience: October 29, 2022

The customer service rep talking over…

The customer service rep talking over me, was rude to me when I was trying to explain that I was being the victim of a scam. Not listening to me AT ALL! Kept telling me to return the merchandise when I never received any merchandise! It was for a service I never signed on for! Telling me I could not stop an automatic payment from going through, only dispute it after the fact. Which seeing the reviews here will never happen. Needed to put a block on card. Will pay off when I can and close my account. Had a few years with no issues. Seems like its fine as long as you never have any issues.

Date of experience: October 20, 2022

The reason I'm giving 2 stars is due to…

The reason I'm giving 2 stars is due to the fact their customer service agents are rude and yell back to you. Very unprofessional and uncomfortable. I haven't had other issues but will not be doing any business on that card. I will pay it off and just keep it open as I fear being yelled at a 3rd time.

Date of experience: October 06, 2022

Beware..

Beware... They are raising interest rates. Using the excuse that the Federal Government has mandated the increase. I was a fixed rate of 26% with no late payments and they raised rate each month from July until its now 29.99%. I keep getting run around from Customer Service. They are saying its the Government and now my card is a Variable Rate but none of my other cards are doing this. I will be contacting the BBB who knows if that will help but this seems very shady to me. You have been warned do not open this card it will cost you more than you expect. I agree with earlier posts. They want to keep you in the credit hole. I will be paying this off and canceling the card.

Date of experience: October 14, 2022

They can't get anything right...

They can't get anything right. I had a fraud claim CLOSED and they still never gave me the credit. I have called 6 times to get this credit. They even sent a letter saying it was closed and approved and the credit posted to my account. Nope it didnt. I've talked to 5 different people that say they will handle it and they never do.

Date of experience: July 09, 2022

DO NOT get an Ollo card

DO NOT get an Ollo card! Card paid in full in MAY. Fraud charge on 7/7/22. Card cancelled and replaced. Fraud charges reversed on 7/25/22 when bill was due on 8/14/22. No other transactions since card was paid in full and late fees and interest was charged in August and September. 30 days Delinquent reported on my credit in September. Dispute the incorrect reporting and it is properly updated on 2 out of the 3 credit bureaus. Was told I was sent a letter stating the late fees and interest was from fraud charge never got a letter. How was there late fees and interest on a fraud charge when the charge was reversed before my bill due date? Absolutely nobody from the company can answer my question.

Date of experience: September 20, 2022

Shady so be ware!

Shady as can be and has been giving my girlfriend the run around. Call center is outsourced and they can’t answer any questions w/o consulting their script. Meaning if they can’t answer then you have to call back and then more run around. Deceptive practices for sure!

Date of experience: September 25, 2022

Do not use this bank they gave out my…

Do not use this bank they gave out my new card number to somebody who said they were a merchant and said I owe money to them after contacting OLLO they told me if someone say you owe money they are going to pay the bill with or without your permission and that should be an is illegal do not use this bank

Date of experience: September 09, 2022

T Mobile charged me for a closed…

T Mobile charged me for a closed account. Refused to refund my deposit and OLLo says the charges are valid. I had to cancel the card because T mobile kept charging it and Ollo kept saying the charges were valid, even after T Mobile charged me for an account that was closed.

Date of experience: July 16, 2022

Sent me a new card through the mail…

Sent me a new card through the mail that was returned and they closed my account. No call, no verification, and my address was correct. Will never use them again. The customer service was unhelpful and condescending. Told me my address was wrong when I still live there. Use another card is my advice. No loyalty to there customers.

Date of experience: August 29, 2022

Off to a not so good start

Off to a not so good start. Ollo advertised a 0% balance transfer only to receive the card and be informed that the card does not qualify for a balance transfer at all. I shared my disappointment with their customer service representative who was rather nonchalant about my complaint and she transferred me to their supervisor who was equally nonchalant. I’m using the card to rebuild my credit, but so far I’m dissatisfied with their misrepresentation.

Date of experience: August 13, 2022

The card is a great starter BUT!.

The card is a great starter BUT!.. UNFORTUNATELY I WAS SICK WITH COVID, UNFORSEEN CIRCUMSTANCE. OUT OF WORK FOR TWO WEEKS. LOW ON MONEY. CALLED OLLO ASKED FOR A PAYMENT WAVE FOR 1 MONTH SO I CAN GET BACK ON TRACK. I OFFERED MY COVID PROOF. I WAS DENIED !!!! OLLO CUSTOMER SERVICE TWICE said, SORRY! CAN'T DO THAT! feel better soon tho!

Date of experience: August 14, 2022

Good at first bad later

At first the card starting out good. After having this card for 16 months I made a payment on the 15th of July it posted. My min. payment never came off & said again I owe $27. So I paid that! &still the min. amount isn't coming off?? They may be having web problems but that isn't my fault! STAY AWAY. U HAVE BEEN WARNED! It's a shame. Customer service talks over you too.

Date of experience: July 28, 2022

I have had this card for a few years…

I have had this card for a few years now and have never recieved a credit limit increase. I just called there number and you would not believe the excuses there customer service gave on why they have not gave me and increase. Quote You dont use it enough like 400 to 500 at a time. What a bunch of crap. Ollo fianacial is a bunch of garbage. They are trying to get you deaper in the credit hole.

Date of experience: July 19, 2022

At first very happy to get this card

At first very happy to get this card: I’m rebuilding my credit and they gave me a 1k limit with no annual fee and 1% cash back. Sounds great right? Well, problem is whenever I pay the bill, and I pay it several times a month, my available credit doesn’t refresh for 7-10 days!!!! I called customer service and they give no satisfactory answers on why that is but I suspect it’s that they want to limit your ability to take advantage of the cash back benefit which is really sad. Get it together Ollo. None of my other cards do this!

Date of experience: July 31, 2022

They suck

Like most people on here, my account was closed for inactivity with no warning. I found out through a notification from a credit monitoring app. Had they sent me warning my account would be closed, I would have used the card smh. This killed my credit score and they gave me no help when I called to ask why.

Date of experience: July 26, 2022

They say that you are pre qualified…

They say that you are pre qualified even with poor credit. Lies. Credit score needs to be over 650. I'm trying to rebuild my credit so I don't need unnecessary inquiries on my reports. That's why I even bothered to apply with their extremely high finance rates and little starting credit allowed. I have 3 cards now with credit limits at $1,500. So I wouldn't try the invitation unless your credit score is over 650.

Date of experience: July 09, 2022

What credit bureau does Ollo use?

The Ollo Platinum Mastercard® mainly uses the Experian credit bureau for approval but they occasionally use TransUnion, too.

Does Ollo report to TransUnion?

The Ollo Platinum Mastercard® reports to the credit bureaus (TransUnion, Experian, and Equifax) within a few days after your statement closing date.

Will Ollo automatically increase credit limit?

Ollo may also automatically increase your card's credit limit. You will receive free FICO credit score updates each month.

What is the credit limit on a Ollo Mastercard?

The starting credit limit for the Ollo Rewards Mastercard® is $300 or more, according to anecdotal reports. Some users even reported getting a starting limit as high as $2500. However, Ollo does not include any specific credit limit information in the card's terms, though.

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