Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. Compensation and in-depth editorial research, determines where & how companies appear below. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. Compensation and in-depth editorial research, determines where & how companies appear below. 

Tomo Credit Card

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Tomo Credit Card Review

With no credit check or interest, the Tomo Card can help you build credit and stay out of debt.

Tomo Credit Card Review

Tomo Credit Card

Learn More

With no credit check or interest, the Tomo Card can help you build credit and stay out of debt.

Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.


The Tomo Credit Card emerges as a unique financial tool aimed at those building or rebuilding their credit history. Unlike traditional credit cards, Tomo does not require a credit check for approval, making it an accessible option for a wide range of consumers, including those with no credit or a poor credit history. This card distinguishes itself by offering a $0 annual fee and a suite of benefits typical of the World Elite Mastercard, such as cell phone protection and exclusive discounts with various service providers‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč.

Designed to help users establish a positive credit history, the Tomo Credit Card reports to all three major credit bureaus, ensuring responsible use is rewarded with credit score improvements. However, it’s important to note the card’s unique features, such as automatic weekly payments and the absence of a traditional rewards program, which may affect its suitability for all users.

Welcome Bonus

The Tomo Credit Card stands out in the credit card market, not for its welcome bonus, but for its innovative approach to credit building and financial accessibility. Unlike many credit cards aimed at consumers with established credit histories, which often lure new customers with attractive sign-up bonuses in the form of points, miles, or cash back, the Tomo Credit Card forgoes such incentives. Instead, its appeal lies in its no-fee model and the absence of a credit check requirement, making it a valuable financial tool for those looking to establish or rebuild their credit‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč.

This focus on financial health over rewards highlights a different kind of value proposition, especially important for individuals who might struggle to get approved for other forms of credit. By providing a pathway to creditworthiness without the upfront allure of bonuses, Tomo encourages responsible financial behavior and long-term planning over immediate gratification. This strategy aligns with the card’s overall mission to support users in their journey toward building a solid credit foundation, offering a crucial stepping stone for many to achieve greater financial stability and access to more competitive financial products in the future‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč.

Earning Rewards

Initially, the Tomo Credit Card offered a straightforward rewards program, allowing cardholders to earn 1% cashback on all purchases. This feature was a significant draw for users seeking both to build credit and to gain financial rewards from their spending. However, in a pivot away from this rewards structure, Tomo discontinued its cashback offer in 2023. The absence of a rewards program marks a departure from the conventional credit card model, which typically incentivizes spending with points, miles, or cash back.

Despite this change, the Tomo Credit Card maintains its appeal through its primary mission: facilitating credit building for individuals with limited access to traditional financial products. By reporting to the three major credit bureaus‚ÄĒExperian, Equifax, and TransUnion‚ÄĒthe card provides a valuable service for users aiming to establish or improve their credit scores. This function is particularly crucial for those without a credit history or looking to recover from financial missteps‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč.

While the discontinuation of rewards may seem like a drawback, it underscores Tomo’s focus on financial health and responsible credit use over short-term incentives. This approach aligns with the card’s broader goal of promoting financial literacy and empowering consumers to build a solid credit foundation, which can open doors to better loan terms, lower interest rates, and broader financial opportunities in the future.

Redeeming Rewards

Before 2023, Tomo Credit Card users could enjoy the benefit of redeeming the 1% cashback rewards they earned on purchases. This simple and straightforward rewards redemption process was aligned with the card’s user-friendly approach, catering to those new to credit or looking to rebuild their financial standing. However, with the discontinuation of the cashback rewards program, the process of redeeming rewards has become a moot point for current and prospective cardholders‚Äč.

The shift away from offering cashback or any form of spending rewards places a stronger emphasis on the card’s core value proposition: building credit without the distraction of rewards management. This change reflects Tomo’s focus on financial health and responsibility, encouraging cardholders to concentrate on timely payments and credit utilization rather than reward accumulation. While this might detract from the card’s attractiveness to those seeking tangible returns on their spending, it reinforces the Tomo Credit Card’s primary role as a credit-building tool rather than a rewards vehicle‚Äč‚Äč‚Äč.

In this context, the “reward” for Tomo card users becomes the opportunity to establish and improve their credit scores through disciplined financial behavior, which can have a far-reaching positive impact on their financial opportunities and well-being.

Perks and Benefits

The Tomo Credit Card offers a range of perks and benefits that enhance its value beyond its primary function of credit building. Despite the removal of the cashback rewards program, cardholders can still take advantage of various features associated with the World Elite Mastercard, which significantly add to the card’s appeal.

World Elite Mastercard Benefits: Cardholders gain access to an array of premium benefits, including cell phone protection, which covers up to $1,000 for eligible stolen or damaged phones. This protection is a valuable addition for anyone relying on their mobile device for daily tasks and communication‚Äč.

Partnership Perks: Tomo has partnered with several service providers to offer exclusive discounts and benefits. These include a $5 monthly credit for Lyft users who take three rides a month, three months of free DashPass offering reduced delivery fees on DoorDash, and a complimentary ShopRunner membership, which provides free two-day shipping and returns at over 100 online stores. These perks are tailored to enhance the everyday spending habits of cardholders, offering savings on commonly used services‚Äč.

Financial Flexibility: The Tomo Credit Card does not require a security deposit, a significant benefit for individuals who may not have the funds available for a deposit required by many secured credit cards. This feature, coupled with the potential for a credit limit of up to $10,000, provides financial flexibility and the opportunity to demonstrate creditworthiness through responsible card use‚Äč‚Äč‚Äč.

No Annual Fee and Transaction Fees: One of the most appealing aspects of the Tomo Credit Card is the absence of annual fees, maintenance fees, and foreign transaction fees. This fee structure ensures that cardholders can focus on building their credit without worrying about the cost of maintaining their account‚Äč‚Äč‚Äč‚Äč‚Äč.

Credit Building: Perhaps the most significant benefit of the Tomo Credit Card is its ability to help users build credit. By reporting to all three major credit bureaus, Tomo ensures that cardholders’ responsible use is reflected in their credit scores, potentially opening up more financial opportunities in the future‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč.

These perks collectively underscore Tomo’s commitment to providing a valuable financial tool for those looking to build or improve their credit history, offering a variety of benefits that extend beyond the traditional credit card offerings.

Pros and Cons of the Tomo Credit Card

The Tomo Credit Card has generated interest for its unique approach to credit building, with features designed to accommodate individuals new to credit or looking to improve their credit scores. However, like any financial product, it has its advantages and drawbacks.


  • No Credit Check: Tomo’s standout feature is its no-credit-check application process, making the card accessible to a broader audience, including those with no credit history or poor credit scores‚Äč‚Äč‚Äč.
  • Builds Credit: It reports to all three major credit bureaus, assisting users in establishing or improving their credit scores through responsible use‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč‚Äč.
  • World Elite Mastercard Benefits: Offers a suite of benefits including cell phone protection, discounts on services like Lyft and DoorDash, and a ShopRunner membership, enhancing the card’s value beyond credit building‚Äč.
  • No Security Deposit: Unlike many credit-building cards, Tomo does not require a security deposit, offering financial flexibility to its users‚Äč‚Äč‚Äč.
  • Automatic Payments: By setting up automatic weekly payments, Tomo helps users maintain low credit utilization and ensure on-time payments, which are crucial for credit score improvement‚Äč‚Äč‚Äč‚Äč‚Äč.


  • Discontinued Rewards Program: The discontinuation of the 1% cashback rewards program in 2023 may diminish the card’s appeal to those looking for rewards in addition to credit building‚Äč.
  • Weekly Payment Requirement: The unique requirement for weekly payments, while beneficial for credit utilization, could be seen as inconvenient or burdensome compared to the monthly payment schedule of most credit cards‚Äč‚Äč‚Äč‚Äč‚Äč.
  • Potential for Low Credit Limits: Some users may find the credit limits provided by Tomo to be lower than expected, which could limit spending power and the card’s usefulness for larger purchases‚Äč‚Äč‚Äč.
  • Participation Fees: Despite the lack of traditional annual fees, the card has a participation fee, which could offset some of the cost benefits of using the card for credit building‚Äč.
  • Mixed Customer Reviews: The card has received mixed reviews, with some users reporting issues with account management and customer service. These experiences may impact the perceived reliability and user experience of the Tomo Credit Card‚Äč‚Äč‚Äč.

In summary, the Tomo Credit Card offers a unique opportunity for individuals looking to build or rebuild their credit without the hurdle of a credit check or security deposit. Its World Elite Mastercard benefits add value, making it an attractive option for certain users. However, potential cardholders should weigh the absence of a rewards program, the requirement for weekly payments, and the mixed customer feedback against the card’s credit-building capabilities. These factors will determine whether the Tomo Credit Card aligns with their financial habits and goals.

Comparison to Other Cards

The Tomo Credit Card positions itself uniquely in the market, especially for consumers focused on building or rebuilding credit without a traditional credit history or security deposit. When comparing Tomo to other credit-building options, several alternatives come to light, each with its own set of features and requirements.

Chime Visa Credit Builder: Unlike Tomo, Chime’s Credit Builder Card is a secured credit card that requires users to have a Chime Spending Account. There’s no annual fee or interest, and it also reports to major credit bureaus. However, the spending limit is equivalent to the amount you can move to your Credit Builder secured account from your Spending Account‚Äč.

Self Visa Credit Card: The Self Visa requires a Self Credit Builder Loan and a history of three months of timely payments plus $100 in savings progress. It offers a unique path for users already engaged in a credit-building loan with Self, but, like Tomo, it does not require a credit check for the credit card application‚Äč.

Grow Credit Mastercard: This is a virtual credit card designed to manage subscription payments while building credit. The account has a membership fee rather than interest rates, making it another viable option for those looking to build credit. Unlike Tomo, Grow focuses on small, manageable payments towards subscription services‚Äč.

Each of these alternatives caters to different aspects of credit building, with various requirements and benefits. The Chime Visa Credit Builder and Self Visa Credit Card provide structured paths towards improving credit but with specific preconditions like having an account with the provider or taking a credit builder loan. The Grow Credit Mastercard offers a novel approach by focusing on subscription payments, appealing to users who want to build credit through their regular monthly spending.

In comparison, the Tomo Credit Card stands out for its no-credit-check policy, automatic weekly payments, and a range of World Elite Mastercard benefits, despite the lack of a traditional rewards program. Its unsecured nature and the potential for a relatively high credit limit without a deposit also differentiate it from some alternatives.


The Tomo Credit Card offers a unique proposition for individuals aiming to build or improve their credit score without the burden of a credit check or security deposit. Despite lacking a traditional rewards program, the card compensates with a range of Mastercard perks, a user-friendly app, and the potential for a higher credit limit over time. It’s designed for those who value credit-building opportunities over immediate rewards, making it an essential tool for financial empowerment. However, potential cardholders should consider the participation fee and the card’s mixed customer reviews. As the credit landscape evolves, Tomo remains a noteworthy option for those on their credit journey‚Äč‚Äč‚Äč.

Frequently Asked Questions

  • What is a credit-building card? Credit-building cards are designed for individuals looking to establish or improve their credit scores. They often report to the major credit bureaus and may come with features like low credit limits or requirements for regular payments.
  • How does the Tomo Credit Card build credit? The Tomo Credit Card reports your payment activity to the three major credit bureaus (Experian, Equifax, and TransUnion), helping to build your credit history with consistent, on-time payments.
  • Can I get a credit card without a credit check? Yes, some credit cards, including the Tomo Credit Card, do not require a traditional credit check for approval. Instead, they may use alternative data, such as your banking history, to assess your creditworthiness.
  • What are the benefits of World Elite Mastercard perks? World Elite Mastercard perks can include a variety of benefits such as cell phone protection, identity theft protection, concierge services, and exclusive discounts on travel, dining, and entertainment.
  • What should I consider before applying for a credit-building card? Consider factors like whether there’s an annual fee, what kind of credit limit you might receive, how the card issuer reports to credit bureaus, and any additional benefits or fees associated with the card.
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