Tomo Credit Card 2021 Review

The Tomo Credit Card offers a new strategy to improve your credit if you have terrible credit or no credit history. Unlike a traditional credit card, which charges interest on all outstanding amounts, Tomo requires weekly payments using an auto pay mechanism, which prevents any outstanding balance from being carried on the card. And you won't need a credit history to get approved; instead, your application will be evaluated based on your banking information, income, and other details. It's a convenient card that can help you develop credit if you're just getting started, but you'll want to make sure you practise appropriate credit-building behaviours that you can utilise to keep your credit and credit card usage in good standing in the future.

Tomo Credit Card 2021 at a glance -

• Tomo examines your financial history utilising information in your application instead than conducting a credit check.
• On all purchases, you'll get 1% cash back.
• A credit limit of $100 to $10,000 is available (also based on your financial information)
• There is no APR; instead, you must enrol in a weekly auto pay schedule to avoid holding a debt.
• Your account will be immediately frozen if you do not have the funds to pay balance.
• Payments to the three credit bureaus have been reported.
• There are no charges.

Advantages –

• 1% cash back on all purchases
• No annual fee
• 0% APR and no ability to carry a balance
• No credit history required for eligibility

Disadvantages:

• Potential for waitlist
• No option to carry a balance may limit your purchasing power
• Linking issues with certain banks

Highlights-

• Up to $10,000 credit limit
• No interest charges
• No annual fee
• Earn unlimited 1% cash back on all eligible purchases
• Expedited auto pay including weekly, bi-weekly, and monthly payments
• Non-U.S. citizens are eligible to apply
• No security deposit
• No credit check or credit history required
• Reports to all 3 major credit bureaus

Other Card Benefits-

• Zero Liability Protection: As a MasterCard cardholder, you are not liable if someone uses your card to make illicit purchases.
• Get emergency assistance in any language with MasterCard Global Service. It also assists you in reporting a lost or stolen card, requesting an emergency card replacement or cash advance, locating an ATM, and addressing account-related queries.
• Master card ID Theft Protection: Activate your card by entering your card number, and you'll receive alerts and resolution services if suspicious activity is discovered.

Contact Details of the Tomo Credit Card-

Email- help@tomocredit.com,

Location:
TomoCredit Inc
535 Mission Street, Floor 14
San Francisco, CA 94105