Tomo Credit Card Approved

[Creditaddict]

(Mod cut-sorry referral links not allowed on myFico)

Current Balance

$0.00

Available Credit

$2,000.00

My application is still in verification with my driver's license but my husband went through instantly.

took a few weeks to receive the offer to apply after joining the waiting list.

I find it very fascinating... obviously not a great option for those with excellent credit but no credit check and approval in minutes! I can get behind that!

[AllZero]

Congratulations on DH approval!

[CreditAggie]

Congratulations on DH Tomo approval!

[CreditMagic7]

Interesting. WTG!

[cashorcharge]

Congrats to DH on his approval 

[M_Smart007]

Congrats! ..

[Anonymous]

@Creditaddict Thanks for linking the page. I find this card interesting. Congrats on the approval!

It's interesting that you can't carry a balance, one of the main perks of a cc, but no fees/apr is a nice concept.

I wonder if they will nerf the rewards eventually?

I am also curious how a potential default would work. 

[daveg38]

The "cannot carry a balance" rule is definitely intriguing.

You can only default if you spend more than is in your bank account. So, if one month you charge $1100 but only have $600 in the bank, your payment would be returned (unless your bank has OD protection) and the default process ensues, unless you make it right immediately by adding another bank account.

I do not like how a denial means you are forever denied. They are working to change that.

[MartyWrite75]

Congratulations!!  Nice!

[JoeLuvsHisCredit]

Congrats