6 Tips for First Time Credit Card Holders in 2023

It's 2023 and you've finally decided to open a credit card. Congrats and welcome to the credit building family! We're so proud of you for taking action towards your personal financial journey. TomoCredit wants to share with you 6 tips that will help you maximize your Tomo card.

1. Pay your bills on time. Luckily, the TomoCard has a weekly autopay feature that allows you to build credit with ease—no need to remember to pay your bills and risk late fees.

2. Check your credit score. The Tomo app dashboard displays your credit score as soon as you log into your account.

3. Pay the full balance and keep balances low. With Tomo, you will never hold a balance, since our card triggers weekly autopay on the full balance.

4. Monitor fraud charges. Always keep an eye on your account and check frequently for any errors or fraudulent charges, especially during the New Year sales rush.

5. Be strategic with your credit card. Use the card for one bucket, like groceries and gas only, or subscriptions like Netflix and Hulu only, to make it easier to track your spending.

6. Use your perks! Many people forget to take advantage of all the benefits and services that their credit cards offer. Because Tomo is partnered with MasterCard, we offer World Elite Benefits, which include:

• Cell Phone Protection: Pay your cell phone bill with your Tomo Card and you're protected for up to $1,000 against damage or theft.
• Zero Liability Protection: As a Mastercard cardholder, you're not responsible in the event that someone makes unauthorized purchases with your card.
• Mastercard Global Service: Get emergency assistance in any language, plus help reporting a lost or stolen card, obtaining an emergency card replacement or cash advance, finding an ATM, and answering questions on your account.
• Mastercard ID Theft Protection: Activate your card by registering your card number and receive alerts when suspicious activity is detected and resolution services if needed.
• DoorDash: Cardholders new to DashPass receive a three-month membership, plus a $5 discount on their first order each month (requires a DashPass membership).
• Lyft: Get a $5 credit for every three rides taken in a calendar month, capped at one per month.
• HelloFresh: Get 5% back on each HelloFresh purchase, usable toward a future order.
• ShopRunner Membership: Get free two-day shipping and free return shipping at over a hundred online retailers.
• Fandango Credit: Get $5 off your next purchase when you spend at least $20 on movie tickets or streaming with Fandango.
• World Elite Concierge: 24/7 access to a concierge service that can help with tasks like obtaining hard-to-find event tickets.

Hope these tips were helpful! To apply to the TomoCard, check out our website: www.tomocredit.com.