
Tomo Credit Card

Tomo Credit Card
TomoCredit was created by young immigrant founders who felt the pain of obtaining credit cards as foreigners. They are committed to creating the smartest card that can be approved without a credit score. Millions of Americans cannot get affordable credit simply because they have no credit history. Without good credit, everything becomes difficult and expensive-car loans, insurance rates, mortgages-and even job applications will be affected by credit scores. They are located in the center of San Francisco. They are happy to help you get a card that can help you build credit and save money.
Pros & Cons Analysis of Tomo Credit Card
Pros
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1% cashback
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$0 annual fee
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build credit while earning cash back
Cons
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does not include many credit card benefits
Tomo Credit Card Highlights
Advantages: At Tomo, they deeply realize that your value is more than just your credit score. This is why they created a solution to solve the shortcomings of everyday credit cards. Whether it’s a 2 for 2 plan, no credit history, or no charge, the Tomo card is suitable for anyone who wants to take advantage of its amazing privileges. Your Tomo card is a credit card with a seven-day payment cycle. They do this so that you can build your credit score faster! With Tomo, you can basically get a 1% discount on all purchases. Not only that, they are also helping you build a credit score. Their cardholders can use their cards online and at millions of merchants in 200 countries/regions that accept Mastercard.
Credit Ranges: up to 10,000 US dollars of credit limit, they will carefully review your financial responsibilities to determine your credit limit. The more they trust you, the more credit you get! At Tomo, credit scoring is a thing of the past. They welcome all people with or without credit history to apply. You work hard for your money. Simply put, credit card fees are terrible. This is why they get rid of them and never intend to own them. Today's credit system is outdated and broken, so they decided to adopt a new way of credit, and they want you to be a part of it. Your value is more than just a number (that is, an arbitrary credit score). They evaluate individual situations and consider alternative indicators to determine your credit worthiness. Not only did Tomo report to all 3 major credit bureaus, but they were also the first card to offer weekly expedited payments. Always pay on time and observe your credit score! Tomo is the only card that does not charge fees and offers 1% cash back. They believe that credit is a super power that everyone should have. Their proprietary technology gives everyone (even those without a credit history) an equal opportunity to obtain their credit card.
FQA of Tomo Credit Card
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What type of card is Tomo?
Your Tomo card is a credit card with a seven-day payment cycle. They do this so that you can build your credit score faster! At Tomo, they know that your value is more than just your credit score. This is why they created a solution to solve the shortcomings of everyday credit cards. Whether it’s a 2 for 2 plan, no credit history, or free, the Tomo card is suitable for anyone who wants to take advantage of its amazing benefits. -
Why do I need to link my Tomo bank account?
In order to maintain cards that do not require credit scores, deposits, or fees of any kind, your bank balance becomes the main input for their underwriting. This means that at least one bank account should always be linked. Tomo integrates numerous bank accounts across the United States with the help of a third-party service provider called Plaid. Plaid handles the encryption of all data and maintains the highest level of security (learn more here). Tomo does not store any bank account login details, and Tomo employees cannot see this information at any time. -
What will my Tomo credit limit be?
They cannot determine your exact credit limit in advance. What they can tell you is that Tomo will look at your bank account and other factors to help determine your credit limit. In order to get the maximum limit, they recommend that you connect to all bank accounts or the account with the highest balance. -
How long does it take to get my tomo card?
Once approved, your card should be delivered within 7-10 business days and placed in an unmarked envelope. If your card does not appear by then, please contact their customer support immediately. You will be able to activate your card directly from the dashboard.
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