Tomo – How to apply

By Raquel Oliveira • 03/18/2025

Tomo Credit card Build or rebuild your credit in a practical and hassle-free way.

The Tomo Credit Card is a modern and accessible solution for those looking to build or improve their credit history easily and without the common challenges of traditional credit approval processes. It simplifies access to financial opportunities.

Beyond easy approval, Tomo rewards users with a unique cashback system, making it a valuable tool for managing finances. This feature allows cardholders to earn tangible benefits while building responsible credit habits.

Designed for financial inclusion, Tomo uses advanced technology to assess eligibility without solely relying on credit history. This approach opens doors for individuals who may struggle with traditional credit score requirements.

In this article, you’ll discover how the Tomo Credit Card works, its key advantages and drawbacks, and a step-by-step guide to the application process, helping you determine if it’s the right choice for you.

How does the credit to Tomo work?

The Tomo differs from the traditional credit cards thanks to its innovative approach to assess the eligibility of applicants.

Instead of relying solely on credit history, use bank information and other sources of income to determine if a user qualifies.

This significantly expands access to credit, especially to people with no credit history in the united States.

In addition, its system of rewards encourages the use frequent and responsible, offering cash rebates and opportunities of increased benefits over time.

Main benefits of Credit Card Tomo

• Security in every transaction: Includes fraud protection, providing confidence and peace of mind when making purchases online or in establishments physical.
• Without charge and without interest: unlike many traditional credit cards, the Tomo has no annual fee or generate interest.
• Refunds in cash attractions: The Tomo offers a refund of the initial 1% on all purchases, with the possibility of increase up to 2%. This benefit can be extended to refer friends or to maintain a constant use of the card.
• Does not require credit history: it Is an ideal solution for international students, immigrants, or any person with no credit history prior. Instead of relying on the credit score, the Tomo evaluates the information bank.
• Fully digital and easy to use: The management of the card is done entirely through a mobile application, which allows users to monitor transactions, make payments and manage your account in real time.
• Active construction of credit: The payments made with the Tomo are reported monthly to the major credit agencies. Helping users to improve your credit score with responsible use and constant.

Cons of Tomo

Despite its advantages, the credit card has some limitations that must be considered. One of them is the initial credit limit, which tends to be low compared to other cards. 

Another point to be noted is the mandatory weekly payments. Although this feature helps you avoid accumulating debt, it can be inconvenient for those who prefer greater flexibility in managing their finances. 

Additionally, this card does not offer premium benefits such as mileage programs, travel protection, or additional insurance. 

APR and Fees

The cash advance fee for this card is charged when you withdraw money using your credit card and can be a percentage of the amount withdrawn or a fixed amount, depending on which is greater. 

This fee can be high, and advances usually don’t have a grace period, meaning interest starts accruing immediately. The APR (Annual Percentage Rate) is 0%, indicating that there is no interest charged on the advance, which may be a temporary promotional offer. 

• The foreign transaction fee is not applied, which can be an advantage for travelers.
• There is no set maximum late fee or it does not apply. 
• For the maximum rate above the limit does not apply.

I and Maximum Penalty APR is the interest rate that may apply if you violate the terms of the contract, such as failing to pay your bill on time. A 0% APR for this penalty is unusual and may indicate a customer-friendly policy. 

As for the grace period, which is the time in which you can pay your bill without incurring interest, there is also no such period or the policy has not been specified.

How to apply for the Tomo Credit Card

Request the credit card Mastercard It’s a simple and affordable process, but there are specific steps you need to follow. 

First, you must link a bank account using the Plaid system, which is responsible for verifying your financial transactions. 

After creating your account with Plaid, the next step is to access the official website. There, you will find the request form, which must be filled in with your personal and financial information. 

After completing and submitting the form, the finance company will use the data provided via Plaid to determine your approval. The process is quick, and, if approved, you will receive the card in approximately 7 to 10 business days.

It is worth remembering that, if your application has been rejected in the past, you will not be able to request the card again.

Conclusion

If you’re looking for a modern credit solution that is fee-free, interest-free, and accessible, then the Credit Card Tomo is a top contender.

With cashback rewards, easy approval, and a digital-first approach, it is a great option for those who want to build credit responsibly while enjoying financial perks.

• No fees, no interest – just simple, smart financial management.
• Perfect for beginners, international students, and anyone seeking hassle-free credit building.
• Apply today and start taking control of your financial future!