Tomo Credit Card: An In-Depth Review for 2024

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tomo credit card

Are you looking for a credit card that has superior rewards and benefits in 2024? The Tomo Credit Card is worth your consideration, as it gives you access to great offers combined with some of the best consumer protections available today. With no credit check or credit history required, no interest charges - all backed by their mobile app which allows you to manage your account on the go - this card may just be right for you. In this post, we will provide an in-depth review of the features and advantages of the Tomo Credit Card so that you can make an informed decision about whether or not this is the right choice for your financial needs!

The Pros and Cons of the Tomo Credit Card

Pros of the Tomo Credit Card

  • Low interest rate: With an APR as low as 0%, the Tomo credit card offers one of the lowest interest rates available on the market, making it a great option for borrowers with limited funds or a lower credit score.
  • No annual fee: This card does not charge an annual fee, saving customers money over time by eliminating the need to pay recurring fees each year.
  • No foreign transaction fees: There are no additional fees charged on overseas purchases, allowing cardholders to make international purchases without worrying about extra costs.
  • Fraud protection: The Tomo credit card is backed by advanced fraud protection technology that helps keep customer information secure from unauthorized use or theft.

Cons of the Tomo Credit Card

  • Limited cash-back options: Only Tomo ambassadors can earn 1% in cash-back rewards for each referral that gets approved.
  • No signup bonus offer: While some credit cards and apps like Albert offer customers a sign up bonus when they open a new account within 30 days of applying,Tomo doesn’t offer a sign up bonus to new users.
  • Limited customer service options: As this is a relatively new entrant into the marketplace, customer service options are still somewhat limited compared with established companies who have been around for longer periods of time and have had more time to build out their customer service operations accordingly.
  • No ability to carry a balance.

Overview Of The Tomo Credit Card And Its Features For 2024

Tomo is a revolutionary and legitimate new credit card that gives people with little or no credit history the chance to get approved for competitive rates and access to a wide range of features. By not relying on traditional credit scoring methods, but rather leveraging bank account information from applicants, Tomo opens up the possibility to access credit cards for people who may have been previously unable to qualify.

The Tomo Credit Card works very similarly to other unsecured credit cards and offers an array of features designed to maximize convenience and ease of use. In addition to having no annual fee, customers can expect a wide variety of rewards and benefits tailored specifically towards their financial needs.

Reports to All Three Credit Bureaus

One key feature is that the card helps you build your credit score quickly and easily. For example, if you pay your balance in full and on time each month, then your payment history will be reported positively to all three major credit bureaus, Equifax, TransUnion, Experian, resulting in a higher score.

Additionally, if you need help understanding how the card works or have questions about how best to use it, TomoCredit's customer service team is available 24/7 via phone or email.

Flexible Repayment Options

Tomo Credit Card offers flexible repayment options to help users stay on top of their finances. When you sign up for the card, you can opt for weekly payments that are automatically debited from your account every Monday. This payment schedule ensures that any purchases made in the preceding week are paid off on time and that no late fees or interest accumulate. It also helps to keep your credit utilization history low, as monthly payments are kept up-to-date.

If at any point you don’t have enough money to make a payment, Tomo will freeze your card until the balance is repaid. This service allows users to continue spending without accumulating debt or risking damaging their credit score.

With Tomo Credit Card's flexible repayment options, users can plan and budget their expenses ahead of time to ensure they meet their financial goals. The automatic payments enable a disciplined approach to personal finance and help users avoid costly late fees or interest charges while keeping them in line with their monthly statement cycle.

Tomo App

Tomo also allows customers to monitor their spending in real-time through its mobile app which is on iOS and Android devices.

What Types Of Rewards Does The Tomo Credit Card Offer?

The Tomo Credit Card offers a variety of rewards that can help cardholders save money and make the most of their purchase. With the Tomo Credit Card, there are three main types of rewards: cell phone protection, zero liability protection, and special offers from partner companies.

Cell Phone Protection

Cell Phone Protection is a great way for cardholders to save on their monthly phone bill. When customers use their Tomo Credit Card to pay for their cell phone bill, they are protected against up to $1,000 in damages or theft. This means that if something were to happen to the customer's cell phone, such as damage or theft, they would be able to receive up to $1,000 in reimbursement with no additional cost or hassle. This is especially useful for customers with expensive phones or those who have recently upgraded their device.

Zero Liability Protection

The Tomo credit card is safe and offers zero liability protection which helps customers stay safe when using their Tomo Card. With this feature, cardholders will not be held responsible for any fraudulent activity that occurs while using the credit card.Moreover, this protection extends to all other transactions made using the card including online purchases and ATM transactions.

Customers can rest assured knowing that any unauthorized transactions made on their account will be reimbursed without question—giving them peace of mind when shopping online or withdrawing cash from an ATM machine.

Offers From Partners

Finally, the Tomo Credit Card also provides exclusive offers from partner companies via its Reward Program. These partner companies offer discounts and credits on purchases made through them with your Tomo Credit Card—saving you money every time you shop.

For example, customers who are new to DoorDash can get a three-month DashPass membership at no extra cost and a $5 discount on their first order each month (valid until September 30th 2023).

Similarly, customers who use Lyft frequently can get a $5 credit for every three rides taken in a calendar month (capped at one per month).

You will also get a free ShopRunner membership $79 Value which includes free 2-Day shipping, and free returns.

Emergency Assistance

In addition to these benefits, Mastercard Global Service also provides emergency assistance in any language along with helpful services such as reporting lost or stolen cards and obtaining emergency card replacements or cash advances—all free of charge!

By taking advantage of these various rewards programs offered by the Tomo Credit Card, customers can easily save money while enjoying added security features like Cell Phone Protection and Zero Liability Protection—making it an ideal choice for all kinds of shoppers!

Tomo Credit Card Review

The Tomo business receives generally negative to positive feedback from customers. The Better Business Bureau has assigned the business a ranking of NA, while TrustPilot has awarded it only 1.5 stars out of 5.

Reviews that are favorable point out that the business does, in fact, help customers improve their credit.

Negative reviews tend to focus on some drawbacks to consider before applying for a TomoCredit card. One key concern raised by customers is that the application process can damage your credit score.

Other customers have also noted poor customer service; response times can take up to several weeks due to high demand for the product, leaving many customers feeling frustrated and unsatisfied with their experience.

Finally, although most reviews are positive given the benefits of quickly building credit, the BBB (a website dedicated to reviewing companies) has not rated this business due largely because there isn't enough information available about it or because they are still conducting an ongoing review of its file.

When considering whether or not the TomoCredit card is right for you and your financial needs, it's important to weigh both sides before making any final decisions. Credit building apps offer easy access to establishing or rebuilding credit with no annual fee.

Potential applicants should be aware that there may be difficulties related to insufficient funds in their accounts during application as well as unfavorable customer service experiences if they choose this route.

If you are looking for a cheap way to build credit we suggest you check Kovo Credit or Kikoff.

Ultimately it all depends on what kind of financial situation you’re currently in and what kind of goals you’re looking to accomplish; nevertheless regardless of which option you choose—be sure that it’s one which meets both short-term needs and long-term objectives alike before jumping in headfirst!

Who Can Apply for The Tomo Credit Card?

The Tomo Credit Card is available to anyone over the age of 18 with a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). Non-U.S. citizens are also eligible to apply, provided they have one of the above numbers and a government-issued ID such as a travel passport.

Qualifying for the Tomo Mastercard does not require any prior credit history. However, this doesn’t mean that everyone gets approved for Tomo. The card is not a secured credit card but applicants must link at least one bank account in order to determine their credit limit and must have at least 800 dollars in the linked bank account.

While this may seem like a large amount of money, it can be helpful for those looking to build their credit score and establish better financial habits going forward.

The Tomo Credit Card offers applicants an alternative way to build credit without being tied down by high interest rates or fees that can come from other credit cards. The card has no annual fee, no international transaction fees, and no foreign exchange fees on purchases made outside of the United States.

To apply for the Tomo Credit Card, there are certain requirements that must be met:

Checklist of Requirements For Applying For Tomo Credit Card:

  • Must be 18 years old or older
  • Have a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)
  • Have a government-issued ID (such as a travel passport) if not a U.S citizen
  • Link at least one bank account with at least 800 dollars in it. Accepted accounts include checking accounts, Saving accounts, and asset accounts

By meeting these requirements, you will be eligible for the Tomo Credit Card which provides an alternative way to build your credit score without having to worry about high interest rates or fees associated with other cards on the market today.

Tomo Credit Card Application Process

The application process is fast and secure. The entire process takes only minutes to complete and can be done conveniently from any computer or mobile device with internet access – no long lines at the bank necessary!

Here is a step by step tutorial of the Tomo credit card application process:

  • Step 1: Visit the Tomo website and click on the “Apply Now” button. This will take you to the application page.
  • Step 2: Enter your personal information such as name, address, phone number, email address, date of birth and social security number. Make sure that all of this information is correct before submitting it.
  • Step 3: Connect with Plaid in order to link your bank account(s) to calculate your credit limit. Once you’ve linked your account(s), Tomo will be able to access information about your account balance, available funds and recent transactions in order to determine what kind of credit limit is appropriate for you.
  • Step 4: Submit the formal application after entering all required information and connecting with Plaid. You have now officially applied for the Tomo credit card!
  • Step 5: Wait for approval from Tomo. Depending on how quickly you provided all required information, Tomo may approve or deny your application within one business day. If approved, you will receive an email from Tomo notifying you that your account has been created and that you should expect to receive your new card in the mail shortly.

💡 PRO TIP: You can check the Tomno credit card application status by logging into your account. If the status is pending this means that your application is still in manual review.

Frequently Asked Questions

Is Tomo Credit Card Secured Or Unsecured?

The Tomo Credit Card is a type of unsecured credit card that does not require a security deposit and bases its decisions on your bank account information and other criteria to decide if you are eligible for credit. Unlike many other credit cards, the Tomo Credit Card does not require a security deposit. Instead, the company analyzes data from your linked bank accounts to assign you a credit limit between $100 and $10,000.

Is Tomo Credit Real?

Tomo Credit is real, and it is a financial services company based in San Francisco, California. Founded by immigrant entrepreneurs with backgrounds ranging from Coinbase to The Kenetic Hedge Fund to Google, the team is well-equipped to build innovative solutions in the credit space.

Tomo Credit has raised 22 million dollars in funding so far, including investments from Hyphen Capital and Mastercard. With such high-profile backers and experienced minds at the helm, Tomo Credit is a legitimate player in the credit market.

How To Contact The Tomo Credit Card Customer Service?

Unfortunately, Tomo doesn’t have 24/7 customer service available through its app and website.

If you need assistance, the only way to contact them is through their website's FAQ section or via email at

Apply for a Tomo Credit Card Today!

You do not need good credit to have a Tomo Credit Card. This card is designed to give those with little or no existing credit history access to competitive rates as well as a range of features aimed at helping cardholders improve their credit while managing their finances responsibly. The ability to build up one's own personal portfolio without being held back by past financial experiences makes this unique product stand out from other leading competitors in its field.

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