Tomo Credit Card

Tomo Credit Card Review

This is a cashback card issued by TomoCredit. If you're wondering whether Tomo Credit Card is the right card for you, read on.

Key Takeaways

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers.
• No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• Annual fee waived the first year. Tomo Credit Card gives you the chance to have the card for a year without paying the $0 annual fee.
• $0 Balance transfer fee. This card does not charge a fee on balance transfers. After the introductory period, the fee is 0%.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have relatively good approval odds.

Pros & Cons of Tomo Credit Card

The Good	The Bad
0% APR balance transfer intro rate on balance transfers . No balance transfer fee. No annual fee. Annual fee waived during the first year. Free access to your credit score. Considers applicants who don't have a credit history. No foreign transaction fee. Tomo Credit Card reports to multiple credit bureaus.	Does not offer a signup bonus. You don't earn rewards on every purchase.

Tomo Credit Card FAQ

Does Tomo Credit Card have a cash back or rewards program?

No, it does not offer a rewards program. This is a cashback card. This means you earn a percentage of your purchases as cash back rewards.

What are the Tomo Credit Card benefits?

It provides the following benefits:

• Free Credit Score
• Reports to major credit bureaus

What are the relevant APRs for Tomo Credit Card?

The card has a variable balance transfer APR of 0% . It also has a variable cash advance APR of 0% .

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the fees for Tomo Credit Card?

The following fees apply:

• There is no overlimit fee

Tomo Credit Card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Initial Program Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	$0
Late Payment Fee	$0

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.

Does Tomo Credit Card report your account activity to credit bureaus?

Yes, Tomo Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Tomo Credit Card

• Visit the Tomo Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.