TomoCredit – No Credit Score Needed: All-New Black Card | Tomo Credit Card 2024 Review

Typically, in order to qualify for a good rate on a credit card—or many other types of loans—a credit card issuer would base its decision primarily on an applicant’s credit score rather than other factors that make up a person’s overall financial profile. This method meant that segments of the population like recent graduates, immigrants and others who had little-to-no credit history, but had an income, were unable to qualify for a card that fit their needs.

Tomo was created to circumvent that issue by not looking at an applicant’s credit score at all. Instead, potential applicants provide Tomo with their checking account, savings account and/or asset account information, which is used to determine eligibility and, if approved, their credit limit. Like any good credit card aimed at building a stronger credit profile, Tomo reports to all three major credit bureaus.

The primary difference between Tomo and other cards in this space is that it doesn’t assess any interest charges, but you’ll have to pay in full every billing cycle otherwise your account will be frozen.

This means, unlike a typical credit card, there’s no ability to carry a balance over a period of time. You’ll have to decide if this charge card-like structure is a fit for your spending needs or if another option might suit you better.

Fair Use Disclaimer:
This channel may use some copyrighted materials without specific authorization of the owner but contents used here falls under the “Fair Use”
Copyright Disclaimer under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

tomo credit card review, tomo credit card application, tomo credit card pre approval, tomo credit card application status, tomo credit card phone number, tomo credit card reddit, tomo reviews, tomo credit card limit, tomo credit card review, tomo credit card application, tomo credit card pre approval, tomo credit card application status, tomo credit card phone number, tomo credit card login

tomo credit card, tomo credit card reviews, tomo credit card review reddit, tomo credit card reviews bbb, tomo credit card phone number, tomo credit card legit, tomo credit card reddit, tomo credit card application status, tomo credit card waiting list, tomo credit card report to credit bureau, how does tomo credit card work, is tomo credit card legit, cards like tomo credit card, is tomo credit card secured or unsecured, tomo credit card, tomorrow credit card

tomo customer service, how does tomo credit work, tomo customer service number, tomo phone number, tomo card phone number, tomo credit application status, tomo card reddit, tomo credit phone number, tomo credit card customer service number, tomocredit phone number, tomo credit card limit, tomo mastercard reviews, tomo card customer service, tomo customer service hours

credit informer, credit card, apple credit card, credit card numbers, credit card debt, free credit card numbers, credit card churning, amazon credit card review, best travel credit card, citi double cash credit card, free credit card, credit card frauds, amazon credit card, bat credit card, best credit card, how to pay off credit card debt fast,

uber credit card, capital one platinum credit card, how to use square credit card reader, paypal credit card, credit card number, credit card debt family guy, how to use a credit card, ynab credit card, credit card scam.

#Tomo #credit_informer #creditrepair #money #financial #credit #creditscore #finance