Ollo Everyday Rewards Mastercard®
A no-annual-fee cash back card from Merrick Bank.
Rates, fees, and full terms are set by Merrick Bank and can change. See current rates & fees on the issuer’s site, and always confirm the latest terms before applying.
Our review
The Ollo Everyday Rewards Mastercard, issued by Merrick Bank, is a genuinely rewarding card aimed at people with fair or average credit: 3% cash back on gas, EV charging, groceries, and drugstores, and 1% on everything else. Three percent on four everyday categories is strong for any no-fee card, and it is almost unheard of in this credit range, where most cards offer nothing.
It is available by invitation and is best thought of as a stepping-stone, one that actually pays you well while you build or rebuild your credit, rather than a long-term centerpiece.
Think twice if: you already have good credit, since you can get mainstream cards without an invitation, though few beat 3% on four everyday categories.
Our 7.2 out of 10 rating
Each score weighs the rewards rate, value after the annual fee, welcome offer, points flexibility, and perks, with every point valued at a flat 1 cent. This is our editorial assessment to help you compare cards, not a guarantee of approval or of the value you will get.
Earning rates at a glance
Rewards: how it earns
You earn 3% cash back on gas, EV charging, grocery, and drugstore purchases, and 1% on everything else, with no rotating categories or caps. That is a genuinely good structure, most cards for fair credit give little or no rewards, so this stands out sharply in its range and even holds up against plenty of mainstream cards.
| Category | Rate | Notes |
|---|---|---|
| Groceries | 3x | Bonus category |
| Gas | 3x | Bonus category |
| Dining and restaurants | 1x | Base rate |
| Travel | 1x | Base rate |
| Streaming | 1x | Base rate |
| Everything else | 1x | Everything else |
The fine print on rates: Issued by Merrick Bank and available by invitation, aimed at people with fair or average credit. Earns 3% on gas, EV charging, groceries, and drugstores, and 1% on everything else. Fees and terms depend on the invitation you receive.
Every point and mile above is valued at a flat 1 cent, the same honest standard we use for every card. Run your own spending through the calculator to see what this card would actually return for you.
Best ways to earn & redeem
Put your groceries and gas spending on this card to earn at its highest rates, and let a different card handle the categories it does not bonus.
When you cash in, take the rewards as cash back or a statement credit, worth a flat 1 cent each. We value every point at a flat 1 cent, so treat any transfer upside as a bonus rather than the baseline — see what your points are really worth.
Pros and cons
- 3% cash back on gas, EV charging, groceries, and drugstores
- Exceptionally rewarding for a fair-credit card
- No rotating categories or caps
- Can help build or rebuild credit
- Available by invitation only
- Fees and terms vary by offer
- Points are cash back only, no transfer upside
The welcome bonus
There is no welcome bonus; Ollo offers are invitation-based. The value is in the ongoing 3% category cash back, not a sign-up incentive.
First-year value vs ongoing value
| Welcome bonus | None (invitation-based offer) |
| To earn it | No minimum spend |
| Est. first-year value* | $455 |
| Est. ongoing value / yr* | $455 |
There is no lump-sum welcome bonus, so first-year and ongoing value are about the same, roughly $455 a year on typical spending after the fee. What you see is what you get from day one.
*First-year value counts the welcome bonus, estimated rewards, and annual credits, minus the annual fee; ongoing value is a typical year after. Every point at a flat 1 cent, on average spending.
Benefits and protections
Beyond the rewards, the perks and protections worth knowing about include:
- No rotating categories and no caps
- Designed for fair or average credit, far more rewarding than most cards in that range
- Available by invitation; terms depend on your offer
Statement credits
This card does not come with recurring statement credits. Its value is in the rewards rate and welcome offer.
Who should get it, and who should skip it
If your credit is fair or you are rebuilding, the Ollo Everyday Rewards is one of the more rewarding cards you can get, 3% on gas, EV charging, groceries, and drugstores while you establish history is excellent for this range.
Once your credit improves you can move to any mainstream card without an invitation, but honestly, few of them beat this earn structure, so there is no rush to leave. It is a strong stepping-stone that happens to pay like a real rewards card.
Alternatives to the Ollo Everyday Rewards Mastercard®
Pairs well with
The Ollo Everyday Rewards Mastercard® earns the most in its bonus categories, so pair it with a no-fee flat-rate card to cover everything it only earns a base rate on.
Frequently asked questions
Best-card guides featuring this card
Learn more
How does it rank for your spending?
Every card is ranked by what it actually returns on the way you spend. Run your numbers and see where the Ollo Everyday Rewards Mastercard® lands.
Calculate My CardOffer details verified against issuer sources as of October 2026. Editorial opinions are our own. Cardocrat values all points at a flat 1 cent and never inflates redemptions.
