Today, I got the Ollo Select Rewards replacement card for the Ally Everyday Cash Back Mastercard because Ally sold out their credit card business again.
https://www.ally.com/go/credit-card-update/
When I was on the main Ollo website, I noticed that there were no Unlimited 2% Credit Cards. Ally used to have Unlimited 2% Cashback No FTF No Annual Fee Credit Cards for regular users, for Nurses, and for Educators.
https://www.ollocard.com/credit-cards/credit-that-moves-you-forward/
There is an archive of the Ally website with information regarding their credit card division before they sold it:
https://web.archive.org/web/20240920104726mp_/https://www.ally.com/credit-cards/
The Ollo replacement card also came with the following promotional words:
"Same benefits, same cash back: Earn unlimited cash back on all your purchases with no expiration dates."
I think the above phrase would not be applicable for previous holders of the Ally Unlimited Cash Back Mastercard series, since the Ollo Everyday Rewards/Rewards+ don't have unlimited no-category 2% cashback.
The reward terms of the Ollo Everyday Rewards/Rewards+ are as follows:
- 3% at gas stations
- 3% at public EV chargers
- 3% at grocery stores
- 3% at drug stores
- 1% for all other purchases
Imo, the presence of categories completely voids the original purpose of the original 2% no-frills Ally credit card.
If you were a previous holder of the 2% Ally Unlimited Cashback Mastercard series, did you actually receive a downgrade on your reward terms?
I also find it ironically fitting that the ollo logo looks close to and is just a little mark away from becoming a phallic symbol.
Did the Ally Unlimited 2% Cashback No FTF Cards Get Canned by Ollo?
byu/Pxartistx64 inCreditCards
Posted by Pxartistx64
1 Comment
I remember the old Ally 2% card, and yes it was indeed canned. Never got it because it was invitation only and I ended up closing my Ally account before they ever decided to send me a mailer for it. Had no sign-up bonus anyways, there are some better 2% cards out there with no AF and no FTF. Pick one from the Fidelity Rewards, PNC Cash Unlimited, Navy Federal cashRewards+, or BCU Cash Rewards.