Are you looking for a new credit card? Then you should definitely check out the Tomo Credit Card. It comes with a ton of great features, and here are seven things you need to know about it.
No credit history is required
The Tomo Card is an excellent option for those who don’t have a credit history. This card doesn’t require a credit check, so it’s easy to get approved.
Tomo is a great way to build credit. If you’re looking to build your credit, the Tomo Card is a great option. Because this card doesn’t require a credit check, it’s easy to get approved.
It earns rewards and benefits
The Tomo Card is a great option for those who don’t have a traditional credit history. It can help you build credit while also providing rewards and benefits.
Cardholders will also get a 1% cash-back rewards rate on all purchases, which is pretty standard for most cards on the market.
Cash back rewards can be redeemed for statement credits, gift cards, or merchandise. There are also some unique redemption options, like travel experiences and charitable donations.
If you’re a big spender, you could potentially earn many rewards with the Tomo Card. But even if you’re more conservative with your spending, the card still offers some decent rewards earning potential.
As a Mastercard, the Tomo Card also comes with all of the benefits and perks of that credit card network. This includes the following:
- Zero Liability Protection – You’re not responsible for unauthorized charges.
- Extended Warranty – MasterCard will double the manufacturer’s warranty on eligible items you purchase with your card, up to an additional year.
- MasterCard Global Service – Get 24/7 assistance with lost or stolen cards, emergency cash advances, etc.
- ID Theft Protection – MasterCard will provide free consultation and support if you suspect you’ve been a victim of identity theft.
Expedited auto-pay
This is a great way to keep your account up to date and avoid late payments. You start with a seven-day automatic payment schedule to ensure your credit card bill is always paid on time. After about three months of on-time payments, you may be able to qualify for a shift in the payment schedule to once per month.
No Annual Percentage Rate (APR)
The Tomo Card doesn’t have an APR. The Annual Percentage Rate (APR) is the interest charged for borrowing representing what you are paying in a year. This percentage can be translated into an amount of money and expressed as dollars per month, or it might make more sense to think about how much this will cost based on your mortgage payment schedule over time!
This is great news if you’re trying to get out of debt or simply want to avoid paying interest on your credit card purchases.
No annual fees
The Tomo Credit Card doesn’t charge any fees whatsoever. There are no foreign transaction fees, no balance transfer fees, and no annual fees. So if you’re looking for a card that won’t cost you anything to use, this is a great option.
There’s no security deposit
The Tomo Card has no security deposit, making it a great option for people with bad or no credit. Security deposit means that if you default on your payments, the card issuer could keep your deposit as collateral. This is one of the main reasons people with bad credit have trouble getting approved for credit cards.
You may qualify with no Social Security number or Individual Taxpayer Identification Number
Tomo Card is one of the few credit cards that does not require a Social Security number or Individual Taxpayer Identification Number to apply. Non-U.S. citizens are also eligible to apply.
Conclusion
If you’re looking for a credit card that doesn’t require credit history, offers rewards and benefits, has expedited auto-pay, has no annual percentage rate (APR), and no annual fees, then the Tomo Credit Card may be perfect for you.
You don’t even need a social security number or individual taxpayer identification number to qualify – so it’s great if you’re new to the United States. Learn more about credit card management at moolahproject.com today.
