Tomo Credit Card 2021 Review

Tomo was designed to get around this problem by not checking an applicant's credit score at all. Instead, candidates supply Tomo with information about their checking, savings, and/or asset accounts, which is utilised to evaluate eligibility and, if accepted, credit limit. Tomo, like any good credit card that aims to improve your credit score, reports to all three credit bureaus. 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 be authorised if you don't have a credit history; instead, your application will be evaluated based on your banking information, income, and other details.

At a Glance-

• No annual fee
• No APR charges
• Earn 1% cash back on every purchase, with higher rates possible for referrals
• Have to be preapproved to receive an actual opportunity to apply
• Must auto-pay your bill every week
• Must allow Tomo to link to your relevant financial information

Major highlights –

• 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
• 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

Advantages-

• No credit check required
• No annual fee
• No APR charges

Disadvantages-

• Not all financial institutions can easily be linked to your account for approval
• Other alternative credit cards may offer better rewards and other benefits
• Have to be preapproved before getting an actual card application

Tomo Credit Card Contact Details-

Email- help@tomocredit.com
Location- TomoCredit Inc
535 Mission Street, Floor 14
San Francisco, CA 94105

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.
• MasterCard ID Theft Protection: Activate your card by entering your card number, and you'll receive alerts and resolution services if suspicious activity is discovered.