TomoCredit is on a mission to empower individuals—especially those new to credit or overlooked by traditional banks—to build credit quickly, safely, and without judgment. The Tomo Card stands out for its 0% APR, no fees (at launch), no credit score requirement, and weekly autopay, making it a favorite among Gen Z and immigrants. With features like World Elite Mastercard benefits, high starting limits, and a simple mobile app, TomoCredit helps users avoid debt while reporting to all three credit bureaus to accelerate score-building. The brand’s educational, inclusive, and motivational approach is reflected in its blog, which offers practical tips for first-time cardholders and highlights the importance of financial literacy. TomoCredit’s commitment to transparency and improvement is ongoing, even as it pivots to new offerings like TomoIQ, an AI-powered financial wellness assistant.
What makes the Tomo Card different from traditional credit cards?
* The Tomo Card requires no credit score or hard inquiry, charges 0% interest, has no fees (at launch), and uses weekly autopay to prevent debt, making it uniquely accessible and responsible for credit newcomers (TomoCredit).
How does TomoCredit help users build credit fast?
* By reporting on-time payments to all three major credit bureaus and enforcing weekly full balance payments, TomoCredit enables rapid, safe credit score growth (TomoCredit Blog).
Who is TomoCredit designed for?
* TomoCredit is built for immigrants, international students, Gen Z, young adults with thin credit files, and anyone “cash rich, credit poor” who wants to build credit without traditional barriers (TomoCredit).
What benefits and protections come with the Tomo Card?
* Cardholders enjoy World Elite Mastercard perks such as cell phone protection, zero liability for fraud, global emergency services, ID theft protection, and special offers from partners like DoorDash and Lyft (TomoCredit Blog).
What educational resources does TomoCredit provide for new cardholders?
* TomoCredit’s blog offers actionable tips on responsible credit use, monitoring for fraud, maximizing card perks, and understanding credit scores, all in a friendly, approachable tone (TomoCredit Blog).
“No credit? No problem! We believe in your potential and are here to help you build credit fast, with zero shame and all the support you deserve.” – TomoCredit Team
Ready to start your credit-building journey with confidence? Visit TomoCredit.com to learn more or apply.
According to Bankrate, 46% of credit card holders are currently carrying debt month-to-month due to inflation and paying for daily expenses. 50% of GenZ don’t know and don’t understand the APR linked to their debt. So what does this mean?
With no real idea of when inflation will start to go down, many young adults are relying on their credit cards to make purchases. What many of them do not understand is how carrying a balance can affect their credit score and the impacts of interest rates on their balance.
By carrying debt and not being able to pay back, people are racking up fees from the high interest rates and negatively impacting their credit scores. In a survey from Bankrate that asked which credit card feature is the best and most often used, 36% answered cash back rewards. Cashback is great, BUT, it can be more of a short-term strategy to pay down debt. Instead of thinking about immediate returns, young adults should start strategizing a plan for longer-term debt payoff, like choosing credit cards with 0 or low APR.
Enter Tomo, 0% APR/interest credit card that doesn’t require credit history. The Tomo card, also known as GenZ’s favorite credit card, has gained popularity among young adults due to its 0 APR and ability for card holders to never carry a balance. This is the perfect card in 2023 as more and more Americans are leaning on credit cards to pay off daily expenses.
It’s 2023 and you’ve finally decided to open a credit card. Congrats and welcome to the credit building family! We’re so proud of you for taking action towards your personal financial journey 🙂
TomoCredit wants to share with you 6 tips that will help you maximize your Tomo card:
1. Pay your bills on time. Luckily, the TomoCard has a weekly autopay feature that allows you to build credit with ease. No need to remember to pay your bills and risk late fees, we got you!
2. Check your credit score. The Tomo app dashboard displays your credit score as soon as you log into your account. We want to make it easy and convenient for you to understand your credit building journey.
3. Pay the full balance/keep balances low. Try not to keep a balance on your credit card and try to maintain a low or 0 balance. This will help build your credit fast and document healthy spending habits. With Tomo, you will never hold a balance, since our card triggers weekly autopay on the full balance.
4. Monitor fraud charges! Always make sure to keep an eye on your account and check frequently for any errors of fraudulent charges. The New Year typically brings in good deals for savings, requiring personal information and payment methods. Make sure that you are diligent and pay attention to where you shop and give your money to.
5. Be strategic with your credit card. For first time credit card holders, a good tip would be to use the card for one bucket, so you know exactly where your money is going and how much to expect when you spend. For example, delegating the card to use for groceries and gas only, or subscriptions like Netflix/Hulu only. This makes it easier for you to keep track of your spending while easily boosting your credit score.
6. Use your perks! Many people forget to take advantage of all the benefits and services that their credit cards offer. TomoCredit card is among many that offer great benefits for its members. Because Tomo is partnered with MasterCard, we offer World Elite Benefits, which include:
Cell Phone Protection: Pay your cell phone bill with your Tomo Card and you’re protected for up to $1,000 against damage or theft.
Zero Liability Protection: As a Mastercard cardholder, you’re not responsible in the event that someone makes unauthorized purchases with your card.
Mastercard Global Service: Get emergency assistance and in any language. Also helps with reporting a lost or stolen card, obtaining an emergency card replacement or cash advance, finding an ATM and answering questions on your account.
Mastercard ID Theft Protection: Activate your card by registering your card number and receive alerts when suspicious activity is detected and resolutions services if needed.
DoorDash: Cardholders that are new to DashPass will receive a three-month membership. Cardholders will also get a $5 discount on their first order each month (valid until September 30, 2023 or while supplies last) — this $5 discount requires having a DashPass membership.
Lyft: Get a $5 credit for every three rides taken in a calendar month (capped at one per month).
HelloFresh: Get 5% back on each HelloFresh purchase that can be used towards a future HelloFresh order.
ShopRunner Membership: Get free two-day shipping and free return shipping at over a hundred online retailers.
Fandango Credit: Get $5 off your next purchase when you spend at least $20 on movie tickets or streaming with Fandango.
World Elite Concierge: 24/7 access to a concierge service that can help you with tasks such as obtaining hard-to-find event tickets.
Hope these tips were helpful! To apply to the TomoCard, check out our website: www.tomocredit.com.
