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Tomo Participation fee?

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captainsensation
Regular Contributor

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?

AMEX Delta SkyMiles Blue Card: 10K, AMEX Bread Cash Back: 22k, PenFed PCR: 17.5K, PenFed Gold: 10K, FNBO: 19.1K, CapOne Venture: 6.1K. Chase Amazon: 6K, Gamestop 3k, GM Rewards 2K, Apple Card 4.5K, Tomo 1K, American Express 19.5K (AU), Ally 3.3K AMEX BCP 25K, Lowe's: 35K
Message 1 of 9
8 REPLIES 8
K-in-Boston
Epic Contributor

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
Credit Mentor

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 780 EQ 796 TU 810
Message 3 of 9
Larrypatty
Valued 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
Regular Contributor

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.

AMEX Delta SkyMiles Blue Card: 10K, AMEX Bread Cash Back: 22k, PenFed PCR: 17.5K, PenFed Gold: 10K, FNBO: 19.1K, CapOne Venture: 6.1K. Chase Amazon: 6K, Gamestop 3k, GM Rewards 2K, Apple Card 4.5K, Tomo 1K, American Express 19.5K (AU), Ally 3.3K AMEX BCP 25K, Lowe's: 35K
Message 5 of 9
K-in-Boston
Epic Contributor

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
Valued 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.

0% utilization
FICO 8 EX 839 EQ 825 TU 834
American Express Blue Cash Preferred 30K I American Express Blue Cash Everyday 30K I American Express Delta Skymiles 13.9K I American Express Schwab Investor Card 5K I Bank of America Customized Cash Rewards Visa 30K | Kinecta MyPerks Rewards MC 35K | Wells Fargo Autograph Visa 30K I BMO Harris Cash Back MC 12K | Capital One QS MC 12.5K I NFCU Flagship Rewards Visa 52K I NFCU Amex 28K I Citi Best Buy Visa 15K I Macy’s Amex 25K I Bloomingdale’s Amex 15K I Citi Thank You MC 10K I Bread Financial American Express 18K I AAA Daily Advantage Visa Signature 8.5K I Saks Fifth Avenue World Elite MC 13.3K I Citi Dillard’s Visa 5K I JCPenney MC 10K I Synchrony Premier MC 10K I UCLA Wescom CU Rewards Visa 7K I PayPal Cash Back MC 20K I MyWalgreens Mastercard 10K I TD Bank Double Up Visa 5K I USBank Cash Visa 5K I Gemini Bitcoin MC 15K I TMobile Capital One Visa 20K I BILT 2.O MC 10K I USAA Cash Rewards Plus American Express 4K I Apple Card 6K
Message 8 of 9
IcyCool7227
Frequent 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: 8/15/25:
EQ: 799 (prev. 783 on 8/15/25; 798 on 1/10/25; 794 on 12/19/24; 781 on 9/20/24; 747 on 8/7/24; 781 on 7/1/24; 785 on 3/28/24. 778 on 2/6/24; 773 on 1/26/24; 750 on 1/7/24; 626 on 6/7/23 & 652 in April 2023) - FICO 8
EX: 766 (prev. 766 on 8/15/25; 769 on 1/10/25; 767 on 10/26/24; 751 on 9/20/24; 729 on 8/7/24; 752 on 7/1/24; 761 on 755 on 2/6/24; 753 on 1/26/24; 732 on 1/7/24; 643 on 6/7/24; 619 in April 2023) - FICO 8
TU: ??? (prev. 773 on 8/15/25; 768 on 1/10/25; 771 on 12/3/24; 756 on 9/6/24). - FICO 8.

Have:
- Amazon Prime Store Card: $10,000
- Amex Blue Cash Everyday (AU): $10,000
- Capital One Savor Cash Rewards: $3,600
- Chase Freedom Flex: $1,000
- Citi Custom Cash: $9,200
- Citi Double Cash: $8,000
- Citi Rewards +: $5,800
- Discover it Cashback: $4,000
- Kohl’s Charge: $3,000
- Mercury Rewards Visa: $4,390
- PayPal World Cashback MasterCard: $5,500

- Super Cash: Limit varies based on debit balance - doesn't show up in accounts anymore though on CRs.
Message 9 of 9
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