tomo credit card reddit

While some other cash back cards earn at a higher rate like 2 or 3 those cards have. Ive requested a credit limit increase multiple times through the automated process.

Apricot Crayola Silver Grey Geometric Wall Art Abstract Etsy Masculine Living Rooms Living Room Designs Leather Couches Living Room

Ad We Found The Best Credit Card Deals For You.

. To have an equal opportunity to obtain our credit card. Credit limit between 100 and 10000 also based on your. It is common whenever you swipe your card there is interchange fees that merchant covers Typically credit card companies make money from three things.

I signed up for the Savor card recently got a stupidly low limit of 2000 for some reason. Join 30000 people choosing financial autonomy Tomo addresses the problem of fair access to credit and will hopefully inform and inspire other companies to do the same. Yeah people kind of love our card.

This card earns 1 cash back on purchases. See Card Offers Apply. Your credit limit seems to be around 37-40 of your bank balance monthly income.

That and getting an 800 credit score so that I can get a great mortgage 2875 on 30year and car loan09 on a 5 year. Ad Compare The Best Credit Card Offers w 0 Intro APR until 2024. The latest tweets from tomocredit.

A few things to know before using the Tomo Card. When I got into credit card churning I only really cared about the cash back perks Sign up bonus and the back. Ad Enjoy 0 Intro APR for.

This means at least one bank account should be linked at all times. The 70th percentile of wage-earning households brings in 107908 annually and has 64144 in standard expenses. Credit limit increases are granted by virtue of on-time payments or by linking more bank accounts.

Ad Get 0 Intro APR up to 5 Cash Back or 15x Miles. Compare Offers Apply Now. Instead they will look at your bank accounts and based on your savings earnings and spending habits they will either approve or decline your application.

Instead of gauging your credit score Tomo determines your eligibility based on your financial history. The Tomo Credit Card created by San Francisco-based startup TomoCredit is a product for those with no credit or poor credit FICO scores of 629 or below who want to. The Tomo MasterCard comes with 1 cashback on all purchases.

Tomo is the next generation of credit card catered to young adults. Instead of a credit check Tomo assesses your financial history using information in your application. When you use the Tomo Card youll also be able to earn rewards.

The Tomo Credit Card created by San Francisco-based startup TomoCredit is a product for those with no credit or poor credit FICO scores of 629 or below who want to establish a credit history. Get 0 Intro APR until 2024 200 Sign Up Bonus No Annual Fee. My spending habits already racked up 1600 of that 2000 limit.

Tomo uses third party service providers including Finicity and Plaid to integrate various bank accounts across the United States. Assuming 50 of such expenses are charged to this card total annual card spending. Tomo is the next generation of credit card catered to young adults students and immigrants looking to build a better financial future in the US.

The Tomo Credit Card issued by Community Federal Saving Bank is designed for anyone with no credit history who wants to start building their credit and earn unlimited 1 cash back on all purchases. Interchange fee from merchants 2. The Tomo Credit Card is part of the new-age credit cards that weigh in other factors like financial history instead of just credit score.

Since you can get up 20 cashback you can refer up to 19 people every 3 months to get the most out of the credit card. Tomo makes money from standard interchange fee 2-3 from merchants not from customers. The Tomo Mastercard is a no annual fee credit card that does not perform any credit checks when you apply for their card.

See The Best Credit Cards. Alternative approval process. Your credit limit which will range from 100 to 10000 will also.

Interest Free Payments Until 2024. Tomo is the next generation of credit card catered to young adults students and immigrants looking to build a better financial future in the US. For each person that you refer and gets approved for the card you get an additional 1 cashback bonus for 3 months.

The Tomo card is issued by Community Federal Savings Bank member FDIC pursuant to license by Mastercard. This is also what impacts your. I still get a new credit card every 12 months and there are always new ones coming out with no annual fee.

Interest rate think of Capital one charging 10-30 APR 3. Apply today with no credit score required. Get 0 Intro APR up to 5 Cash Back More.

To sustain a card that doesnt require a credit score deposit or fee of any kind your bank balance becomes a primary input for our underwriting. You CANNOT carry a balance. As you know 20 cashback is a lot.

In context fidelity gave me 25k Amazon chase gave me 20k Wells Fargo gave me 20k Amex gave me 10k.

Tomo Credit Card 2022 Review Forbes Advisor