cancel
Showing results for 
Search instead for 
Did you mean: 

Tomo Participation fee?

captainsensation
Established Member

Tomo Participation fee?

E02881A8-5CF6-4239-A9AB-B1DFCAFB7C07.jpeg


so they now want to take almost $3.00 to use the card each time. Might as well be an annual fee. Unless this is explained differently from how I view it I'm going to cancel. What do you guys think?

Message 1 of 9
8 REPLIES 8
K-in-Boston
Credit Mentor

Re: Tomo Participation fee?


@captainsensation wrote:

E02881A8-5CF6-4239-A9AB-B1DFCAFB7C07.jpeg


... What do you guys think?


I think either the image is way too small to be legible, or I need to make an optometry appointment stat.  But if my ability to translate the blurriness is working, it looks like $2.99 monthly rather than "each time?"

Message 2 of 9
Jnbmom
Community Leader
Super Contributor

Re: Tomo Participation fee?


@K-in-Boston wrote:

@captainsensation wrote:

E02881A8-5CF6-4239-A9AB-B1DFCAFB7C07.jpeg


... What do you guys think?


I think either the image is way too small to be legible, or I need to make an optometry appointment stat.  But if my ability to translate the blurriness is working, it looks like $2.99 monthly rather than "each time?"


@K-in-Boston 😂😂

 

@captainsensation  I think you should take the advice from your previous Tomo thread and close this account .

EXP 778 EQ 747TU 802
Message 3 of 9
Larrypatty
Established Member

Re: Tomo Participation fee?

 Just got the email. $2.99 a month participation fee starting may 2nd. Good bye worthless card.

Message 4 of 9
captainsensation
Established Member

Re: Tomo Participation fee?

Sorry, I had to shrink the image to share it and this is my first thread I've made. I'm sorry I missed an existing thread if there is one. I was outraged when I got this email.

Message 5 of 9
K-in-Boston
Credit Mentor

Re: Tomo Participation fee?


@captainsensation wrote:

Sorry, I had to shrink the image to share it and this is my first thread I've made. I'm sorry I missed an existing thread if there is one. I was outraged when I got this email.


No problem.   (It's sometimes easier to just crop the image to the relevant portion or to host it third party if running into issues with file size here.)  That does seem like a $35.88 annual fee under a different name.

Message 6 of 9
OmarGB9
Community Leader
Super Contributor

Re: Tomo Participation fee?


@K-in-Boston wrote:

@captainsensation wrote:

Sorry, I had to shrink the image to share it and this is my first thread I've made. I'm sorry I missed an existing thread if there is one. I was outraged when I got this email.


No problem.   (It's sometimes easier to just crop the image to the relevant portion or to host it third party if running into issues with file size here.)  That does seem like a $35.88 annual fee under a different name.


lol "participation fee." That's a new one. Smiley Very Happy


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 7 of 9
Jeffster1
Established Contributor

Re: Tomo Participation fee?


@captainsensation wrote:

E02881A8-5CF6-4239-A9AB-B1DFCAFB7C07.jpeg


so they now want to take almost $3.00 to use the card each time. Might as well be an annual fee. Unless this is explained differently from how I view it I'm going to cancel. What do you guys think?


Image is illegible.

FICO 8 (1/17/23) EX 720 EQ 717 TU 730
FICO 9 (1/17/23) EX 730 EQ 764 TU 750
CH 13 DC 1/5/21 -- I practice AZEO - NEVER above 1% utilization across all cards.

Current lineup as of 2/23
American Express Gold | American Express Blue Cash Everyday 6K | American Express Blue Cash Preferred 5K I American Express Marriott Bonvoy Bevy 5K I American Express Hilton Honors 1K | Bank of America Customized Cash Rewards Visa 15K | Kinecta MyPerks Rewards MC 35K | TD Bank Double Up Visa 4K | USBank Visa 5K | BMO Harris Cash Back MasterCard 12K | Capital One Quicksilver MC 3K | Capital One Walmart MC 2K | NFCU Amex 10.5K | Bread Financial American Express 7K | Upgrade Cash Rewards Visa 4K l AAA Daily Advantage Visa Signature 5K I Wells Fargo BILT World Elite MC 30K I UCLA Wescom CU Rewards Visa 7K
Message 8 of 9
IcyCool7227
New Contributor

Re: Tomo Participation fee?

I'm glad I saw this....this wasn't even highlighted in the email sent out. It was part of the embedded updated terms & conditions - no big advertisement whatsoever. I already disliked having this card so after the last payment clears and my rewards credit.......bye bye Tomo! I think I will also email them my displeasure with not just this but everything else that has happened. I never even got a credit increase. No way is it worth paying a $2.99 monthly fee all for a measly 1% cashback that can't even be stacked by paying via debit card or even thorugh BillPay with a debit rewards card.

As of: 3/11/23:

EQ: 647 - FICO 8
EX: 623 - FICO 8
TU: 699 - CreditKarma

Have:
- Amazon Prime Store Card: $3,000
- Capital One SavorOne Cash Rewards: $1,000
- Kohl’s Charge: $2,000
- Super Cash: Limit varies based on debit balance
- Tomo: $250
Message 9 of 9
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.