Purchase APR
24.49–28.99%
Annual fee
None
Foreign fee
None
0% purchases · 12 mo0% transfers · 12 mo
Top-25 issuerNo score≤619Cashback
Carrying $3k for a year ≈ $862.20
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56
Ollo Rewards+ for Educators Mastercard
Top-25 issuerNationalVariable · PrimeNo credit scoreCredit score 619 or lessCredit score 620–719Credit score 720+
Purchase APR
24.49–28.99%
Annual fee
None
0% intro
12 mo
0% transfer
12 mo
Foreign fee
None
Grace period
25 days
Purchase APR by credit tier
Median rate the issuer reported for each tier
No score
28.74%
≤619
28.74%
620–719
28.74%
720+
24.74%
Lowest offered24.49%
Median28.74%
Highest offered28.99%
Introductory purchase APR
Promotional window: 12 months
The intro rate was not broken out by credit tier — the issuer reported a single range.
Lowest offered0%
Median0%
Highest offered0%
Balance transfer APR
Promotional window: 12 months
The transfer rate was not broken out by credit tier — the issuer reported a single range.
Lowest offered0%
Median0%
Highest offered0%
Cash advance APR
No score
28.74%
≤619
28.74%
620–719
28.74%
720+
24.74%
Lowest offered24.49%
Median—
Highest offered28.99%
Every fee on this card
Annual feeNone
Balance transfer fee4% (min $5)
Cash advance fee5% (min $10)
Foreign transaction feeNone
Purchase transaction feeNone
Late fee$29
Repeat late fee (6 mo)$40
Over-limit feeNone
Minimum finance charge$1.50
Balance computationAverage daily balance including new purchases
Additional fees
Expedited delivery fee$29
Rewards, benefits and features
Rewards
- Cashback rewards
Services
- Access to Free Credit Scores
- Other
Features
- Contactless Payments
- Chip card
- Fee-free foreign transactions
- Mobile wallet provisioning (for example, Apple Pay)
Who can get this card
AvailabilityNational
Membership requirementsYes
RequirementProfessional Affiliation
Affiliation: Educators
Balance transfer calculator
Stay put — 12 mo at 24%$600
Transfer fee (4%)$200
Promo interest at 0.00%$0
You save$400
Assumes you pay the balance down evenly across the 12-month promotional window, so the average outstanding balance is about half the transfer. Rates revert to 28.74% afterwards.
Cost to carry a balance
Interest for a year at 28.74%$862.20
Annual / periodic fees$0
Total yearly cost$862.20
Simple interest on a constant balance — a plain-language upper bound rather than an amortisation schedule. Paying in full each month within the 25-day grace period avoids the interest entirely.
Cardholder agreements
3 documents filed by Merrick Bank in the 2026 Q1 archive.
More from this issuer
Purchase APR
29.49–29.74%
Annual fee
None
Foreign fee
None
0% purchases · 12 mo0% transfers · 12 mo
Top-25 issuer≤619620–719Cashback
Carrying $3k for a year ≈ $884.70
Purchase APR
22.49–29.99%
Annual fee
None
Foreign fee
None
0% purchases · 9 mo0% transfers · 9 mo
Top-25 issuerNo score≤619
Carrying $3k for a year ≈ $884.70
Purchase APR
24.49–29.99%
Annual fee
$39
Foreign fee
None
0% purchases · 12 mo0% transfers · 12 mo
Top-25 issuerNo score≤619Cashback
Carrying $3k for a year ≈ $931.20 incl. $39 fee