#United States #Merrick Bank #South Jordan #Ollo Credit Card #CardWorks Inc.

Merrick Bank Revitalizes Ollo® Credit Card Offering

Merrick Bank, one of the leading credit card issuers in the United States and a wholly owned subsidiary of CardWorks, Inc., has announced an exciting relaunch of its Ollo® credit card line. The updated cards come with a modern design, upgraded technology, and enhanced benefits, aimed at providing consumers with unprecedented control over their financial futures.

Originally launched in 2017, the Ollo brand was developed for hardworking Americans who have traditionally faced difficulties in accessing credit. With this relaunch, Merrick Bank is expanding the variety of credit card options available, thus empowering consumers to build credit responsibly.

Scott Bourdreau, Executive Vice President and Head of Credit Cards at Merrick Bank, expressed enthusiasm for the relaunch, highlighting the bank's commitment to offering responsible credit solutions. He remarked, "Our mission has always been to provide responsible credit options to people who may be overlooked or financially underserved by other institutions."

Enhanced Features for Better Financial Management

The relaunch includes five revamped Ollo credit card options, each featuring significant enhancements designed around customer needs. Notably, these cards include:

• - No Surprise Fees: Customers will no longer face unexpected charges, helping them manage their finances more predictably.
• - Smart Credit-Building Tools: These features assist users in building and improving their credit scores effectively.
• - Intuitive Digital Experiences: The revamped digital interface aims to simplify how customers manage their credit cards, providing a favorable user experience.

With these enhancements, Merrick Bank fortifies its position as a leading issuer catering to both non-prime and near-prime credit cardholders, safeguarding their commitment to providing responsible credit alternatives.

A Pathway to Financial Wellness

Brian W. Jones, President of Merrick Bank, shared insights into the bank's broadened product offerings, stating, "With the addition of Ollo credit cards, we now offer an even richer portfolio of products designed to meet people where they are in their financial journey. We are proud to relaunch Ollo with unique features that help people move their financial lives forward."

The Ollo credit cards are officially available as of today, but for now, the offers are limited to invitation-only applicants. This strategic move reflects Merrick Bank’s focus on responsibly building its customer base while ensuring that it can provide support and resources to those who need them the most.

About Merrick Bank

Founded in 1997 and headquartered in South Jordan, Utah, Merrick Bank holds insurance from the FDIC and has amassed approximately $9 billion in assets. The bank caters to about five million cardholders across the nation, focusing on offering responsible financial products tailored to help customers build and improve their credit standings.

As a pioneer in non-prime lending, Merrick Bank utilizes innovative technology, data insights, and compassionate service approaches to create positive financial impacts for underserved consumers. Discover more by visiting www.merrickbank.com.

About CardWorks, Inc.

CardWorks, Inc. stands as a formidable entity in the credit and payment sectors, renowned for its customer-focused methodologies and innovative use of technology. Since its inception in 1987, CardWorks has provided humans with personalized financial solutions that drive success. To find out more, please visit www.cardworks.com.