Ollo Platinum Mastercard: Is the Ollo Platinum Right For You?

The Ollo Platinum Mastercard is one of the most exclusive and feature-packed credit cards available. As a premium travel and rewards card, it offers cardholders an array of perks and benefits that fully optimize the credit card experience.

Ollo Platinum Mastercard

In this blog post, we will explore all the details of the Ollo Platinum Mastercard to see if it’s the right card for you.

An Overview of Ollo Cards

Ollo is a respected financial institution known for its innovative credit cards and banking services. While Ollo offers cards at every tier, from basic no-annual-fee cards to premium rewards cards, the Ollo Platinum Mastercard sits at the top as the most premier card in its lineup.

As Ollo’s flagship card, the Platinum Mastercard comes packed with benefits and rewards optimized for those with excellent credit and the financial means to qualify for an exclusive card with a $995 annual fee. However, if you frequently travel, dine out, and spend a lot on your card annually, the perks can be well worth the annual fee.

Card Benefits and Rewards

Some of the key benefits and rewards offered by the Ollo Platinum Mastercard includes:

  • Earn 5x points per $1 spent on travel purchased through Ollo
  • Earn 3x points per $1 spent at restaurants, gas stations and streaming services
  • Earn 1x point per $1 on all other purchases
  • Get a 10,000 point signup bonus after spending $3,000 in the first 3 months
  • $0 foreign transaction fees
  • Access to Mastercard Luxury Hotels & Resorts benefits
  • Complimentary Lyft Pink & DoorDash DashPass memberships
  • Eligible for rental car insurance, extended warranty protection and other travel protections
  • No annual fee

How Do You Get Approved for an Ollo Platinum Card?

Getting approved for the ultra premium Ollo Platinum Card is more challenging than a standard credit card since it’s exclusive and requires top tier qualifications:

  • Excellent Credit – 750+ FICO Score
  • High Annual Income – Preferably $150k+
  • Low Debt-to-Income Ratio – Minimal balances carried on other cards

Meeting these standards provides assurance to Ollo that you can handle the card responsibly.

Before applying, check your credit reports, credit scores, income over the past 2 years, and current debt levels compared to income. This will help you determine if your financial profile meets the thresholds for approval.

Maximizing your odds also depends on having low inquiries and steadily built up credit history over 5+ years with responsible usage of credit products. If your profile aligns with these metrics, your approval chances increase significantly.

How to Apply for the Ollo Platinum Mastercard

Applying for the Ollo Platinum Mastercard is straightforward. You can submit an application online via Ollo’s website or mobile app.

The application will ask for basic personal and financial information – name, address, date of birth, Social Security number, employer details, income, mortgage/rent payments, etc. It takes about 10-15 minutes to complete.

Ollo will then process your application by pulling your credit reports and evaluating your creditworthiness. Within 10-14 days you’ll receive either an approval or denial notice.

If approved, you can activate your card as soon as it arrives in the mail within 7-10 business days. Then you’re ready to start using your new card and eligible for the full suite of Ollo Platinum benefits and rewards.

How Do I Activate My Ollo Platinum Mastercard?

Activating your card is the final step after approval before you can start using your Ollo Platinum Mastercard. Here are the easy steps:

  • Once approved, wait 7-10 days after card approval for delivery
  • Check your mail for your new metal credit card with your name embossed
  • Call the number on the activation sticker on the front of your card
  • Verify some quick personal identification details over the automated system
  • Your card will then be activated and ready to use immediately

Be sure to sign the back of your card and you’ll then be all set to start tapping and swiping your new Ollo Platinum card. Activate as soon as you receive it so you don’t miss out on maximizing rewards.

Can I Use My Ollo Platinum Card Internationally?

Yes, the Ollo Platinum Mastercard has no foreign transaction fees. This means you can use your card internationally without getting charged an extra conversion fee that many other cards assess.

It will simply convert the transaction amount to US dollars automatically based on the exchange rate set by Visa when your charge processes through the payment network.

With no foreign fees, you can feel free to use your Ollo Platinum Card anywhere Visa is accepted globally – whether booking travel, dining abroad, or shopping overseas.

Is the Ollo Platinum Right For You?

The Ollo Platinum Mastercard undoubtedly offers exceptional travel rewards and luxury card benefits. However, it also comes with an eye-watering $995 annual fee. You need to make sure you can justify that fee and will utilize the card enough to get tons of value from the many perks.

Here are a few key questions to ask yourself when weighing if it’s the right premium card for you:

  • How much do you typically spend annually on travel, dining, entertainment, and other purchases?
  • How frequently do you travel per year? Do you often book hotels and flights?
  • Would perks like airport lounge access, rental car elite status, and others provide value for how you travel?
  • Are you financially comfortable with an annual fee that can can cost anywhere from $0 to $39 every year?
  • Does your income and credit score meet the eligibility requirements?

If you can answer yes to those questions, the unmatched rewards, benefits, and luxury perks of the Ollo Platinum Card can make it hugely worthwhile. It provides outsized value for how some people live and spend.

But it’s certainly not necessary for everyone. Be sure you’ll truly utilize the card before you apply, so you don’t end up paying an expensive annual fee for a card that gathers dust in your wallet.

So you have to analyze your spending and finances closely to determine if the cost is justified by the value you’ll get from this top-tier card.


The Ollo Platinum Mastercard sits proudly atop the credit cards options. With a vast array of rewards and privileges, it’s designed to optimally serve high spending travelers and offer luxury credit card benefits. From 5x travel and dining rewards points to airport lounge access and beyond, it’s packed with value.

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