Credit Cards (US)

Tomo Credit Card review: build credit with no fees

Check out the Tomo Credit Card review and learn how it works. This card allows you truly build credit with no costs. Keep reading to evaluate its pros and cons.

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by Aline Augusto

Published on 09/29/2022

Tomo Credit Card: no fees and no APR

Tomo credit card is different from other credit cards. Source: The Mister Finance.
Tomo credit card is different from other credit cards. Source: The Mister Finance.

If you need to build credit, it is important to choose the right tools to help you with that. This Tomo credit card review will show you how this card can help you with that.

TOMO CREDIT CARD

How to apply for the Tomo Credit Card?

Learn how a Tomo Credit Card application works so you can apply for it and start building credit while enjoying exclusive rewards and perks.

Nowadays, many cards can help you build credit. However, usually, they come with high costs. It is not the case with a Tomo credit card. Check out the summary of features right below!

Credit ScoreAll credit scores considered
APRNone
Annual Fee$0
FeesNone
Welcome bonusNone
RewardsLyft: $60 value – three rides with Lyft and earn $5 credit;
DoorDash: $90 value – free for three months and $5 off per month;
HelloFresh: $90 value – discounts on the first five boxes + free shipping;
ShopRunner: $79 value – free membership, 2-day shipping, and returns. 

Tomo offers spending power, valuable & useful rewards, a different credit approach, Mastercard benefits & perks, peace of mind with security features, and more at a $0 fee and 0% APR. 

Now, learn how it works!

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How does the Tomo Credit Card work?

Tomo provides something more when it comes to resources for credit building. It is an unsecured card, which means it reports to all major credit bureaus. So, if you use it responsibly, you can build a solid financial path.

However, as mentioned, this card offers something extra. Besides the valuable rewards, it doesn’t charge any fees, and there is a 0% APR.

So, choosing a low-cost card might be fantastic if you need to work on your finances.

The application process doesn’t require a credit history. And it is one more feature that proves Tomo approaches credit differently.

Regarding rewards, it offers value on partnered services, as follows:

  • Lyft: $60 value – three rides with Lyft and earn $5 credit;
  • DoorDash: $90 value – free for three months and $5 off per month;
  • HelloFresh: $90 value – discounts on the first five boxes + free shipping;
  • ShopRunner: $79 value – free membership, 2-day shipping, and returns.

And it doesn’t end there. As a Mastercard, you can get more benefits and perks, including programs for those who want to feel like a VIP:

  • access to travel rewards with Priceless Cities
  • exclusive Golf experiences with Priceless Golf,
  • discounts on movies and streaming with Fandango
  • 24/7 World Elite Concierge.

Finally, it gathers some security features, including $1,000 Cellphone protection, MasterCard ID Theft, zero liability, and assistance with Global Emergency.

Tomo Credit Card benefits

Using this credit card responsibly, you will build a strong credit score. Source: Freepik.
Using this credit card responsibly, you will build a strong credit score. Source: Freepik.

Tomo doesn’t require a credit history and doesn’t charge fees or interest rates. Besides the useful rewards, it offers exclusive access to VIP experiences and valuable protection features.

But before applying, check out the list of pros and cons.

Pros

  • It offers up to $10,000 in Spending Power;
  • It doesn’t require credit history in the application process;
  • It helps you build credit;
  • It offers rewards as credit with partnered services;
  • There are no fees or APR;
  • It offers access to Mastercard World Elite programs, including Fandango, Priceless Cities, Priceless Golf, and World Elite Concierge;
  • It provides security features, including $1,000 Cellphone protection, MasterCard ID Theft, zero liability, and assistance with Global Emergency.

Cons

  •  It requires a linked bank account;
  • It doesn’t allow you to carry balances.

How good does your credit score need to be?

All credit scores are considered in the application process. It doesn’t require any credit history.

How to apply for Tomo Credit Card?

If you are interested in a Tomo Credit Card, learn how to apply for one by reading our next post!

TOMO CREDIT CARD

How to get a Tomo Credit Card?

The Tomo Credit Card has no fees and APR. Learn how it works and how it could be a valuable tool for your finances by reading this review.

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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