Immigrants who had trouble obtaining credit after arriving in the country created Tomo. They then founded this business so that others wouldn’t experience the same issues they had.
Tomo
No credit history required No annual feesAs a result, Tomo provides a Mastercard-issued credit card for those with poor or no credit history. It does not impose an annual charge, determines acceptance and credit limit using criteria other than credit score, and provides cash-back benefits.
Other card details
Tomo does not impose interest costs, in contrast to the majority of credit cards in this group. However, for it to set up automatic payments of all charges weekly, you must link one or more bank accounts.
The Tomo Card also provides 1% cash back on each transaction. Additionally, you may opt to have your money redeemed into a compatible bank account or even as cryptocurrency.
When you recommend the card to a friend and they are accepted, you can also earn an extra 1% for three months. Through the introduction of up to 20 friends, you may earn an extra 1%.
Learn more about Tomo Credit Card
Without taking into account other elements that make up a person’s total financial profile, the acceptance of a decent limit or many other types of loans with the majority of credit cards is mostly based on the applicant’s credit score.
This harms a certain segment of the population, including new graduates, immigrants, and people with poor or no credit. These persons are ineligible for a high-quality card that would suit their needs since they do not have substantial income or financial activity.
By basing its acceptance criteria on elements other than credit scores, such as checking accounts, savings accounts, and/or asset account information, Tomo circumvents this issue and makes it easier for persons in this group to establish credit.
Other Benefits of the Card
- Zero Liability Protection: You won’t be liable for any fraudulent charges made to your card, thanks to zero liability protection.
- Mastercard Global Service: Receive emergency help. Additionally, it allows you to report a lost or stolen card, obtain an urgent card replacement or cash advance, locate an ATM, and discover answers to account-related queries.
- Mastercard Identity Theft Protection: Register your card number to activate your card, receive warnings when suspicious activity is seen, and, if required, take remedial action.
- Priceless Cities Access: Rewards in more than 40 locations around the world with Priceless Cities Access.
- Priceless Golf Exclusive PGA: Tour opportunities and entry to more than 1000 exclusive clubs are offered by Priceless Golf.
- World Elite Concierge: A 24/7 concierge service.
Learn how to apply
Applying for a Tomo Credit Card is a straightforward process, ideal for those seeking a reliable and efficient financial tool. This article guides you through the simple steps to obtain your Tomo Credit Card, ensuring a seamless experience.
- Step 1: Check Eligibility Before applying, ensure you meet the Tomo Credit Card’s eligibility criteria. Generally, applicants should have a stable income and a positive credit history, although Tomo is known for its accessibility to those with various financial backgrounds.
- Step 2: Gather Necessary Documents Prepare essential documents, including identification (like a driver’s license or passport), income proof, and any other required financial information.
- Step 3: Visit the Tomo Credit Card Website Access the official Tomo Credit Card website. Their user-friendly interface makes navigation easy, even for first-time applicants.
- Step 4: Fill Out the Application Form Complete the online application form. It’s crucial to provide accurate and up-to-date information. This includes personal details, financial status, and contact information.
- Step 5: Review and Submit Double-check your application for any errors. Submit your application once everything is verified.
- Step 6: Await Approval After submission, Tomo will review your application. Approval times vary, but Tomo typically responds promptly.
Conclusion
Applying for a Tomo Credit Card is a user-friendly process. With its straightforward online application and minimal requirements, it’s a suitable choice for many looking to enhance their financial toolkit. Remember, always read the terms and conditions carefully to understand the card’s features and responsibilities.
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