what is tomo boost

1 year ago 94
Nature

TomoBoost is a feature of the TomoCredit card. It is an AI-powered matching system that helps users take control of 90% of what goes into their credit score. TomoCredit is a product for individuals with no credit or poor credit who want to establish a credit history without carrying a monthly balance. Unlike many other cards that target a similar audience, there is no security deposit or APR, and you cant carry a balance, so it's almost impossible to get into debt trouble. TomoCredit reports to all three credit bureaus, which can help users build their credit score. However, TomoBoost does not guarantee an increase in credit score, and individual results may vary. TomoCredit makes money in part from interchange fees, which are surcharges assessed on the merchant when you use your card to make a purchase. The Tomo Credit Card does not charge any fees or interest. It also offers perks with companies, but not rewards.