Safely Build Your Credit Score

Credit Sesame now gives its personal branded checking account, Sesame Cash, which is designed that will help you construct credit score utilizing solely a debit card. 

Credit Sesame does all of the work within the background, creating your tradeline info and reporting it to the credit score bureaus.

In this evaluate, we’ll take an in depth take a look at the Sesame Cash account, its options, and the way it builds credit score. We’ll additionally consider whether or not or not the account is an efficient selection for credit score constructing. 

Sesame Cash Review & Ratings

Sesame Cash permits you to construct credit score with a debit card. You put aside part of your steadiness as a deposit, set your credit score utilization, and Sesame Cash will select purchases that suit your credit score utilization and report them to the three main credit score bureaus. There’s no value.


Reports to all 3 main credit score bureaus.

Pre-set credit score utilization price.

Cash incentives for enhancing your credit score.


Some customers report setup issues or delays with money transfers into their accounts.

You should contact customer support to take away your deposit.

What is Sesame Cash?

Sesame Cash is a comparatively new service provided by Credit Sesame, a credit score monitoring firm that has been round since 2011 and holds an A+ ranking from the Better Business Bureau (BBB).

The Sesame Cash account marries Credit Sesame’s credit score monitoring service with a checking account that builds credit score in a lot the identical method {that a} secured bank card would. Unlike a secured bank card, there isn’t a credit score test and no safety deposit. 

You may even pre-set your personal credit score utilization price, assuring that you’ll preserve this key a part of your credit score rating at an optimum degree.

Credit Sesame does all of the work in gathering and compiling info to report back to the credit score bureau. The account will seem as a revolving credit score tradeline in your credit score report.

Sesame Cash offers you entry to your credit score rating and gives distinctive money incentives for enhancing your credit score rating. 

⚠️ As with different credit-building merchandise, the affect that Sesame Cash may have in your credit score rating will depend upon what else is in your credit score historical past. Credit Sesame gives no assure that this account may have a optimistic affect in your rating and there aren’t any client opinions quoting particular credit score rating will increase. 

How Does Sesame Cash Work?

Sesame Cash works a bit like a bank card, however one the place you make a lot of the choices. You will set your personal credit score restrict and credit score utilization. You can’t run up massive money owed and also you gained’t pay curiosity. 

How To Setup A Sesame Cash Account

  1. You will first must obtain the app and arrange a Credit Sesame account. This contains filling out fundamental info to show your identification. 
  2. Once arrange you’ll must enroll in Sesame Cash and fund your account. You can switch as little as $1 into the account and you may even have your paycheck straight deposited into your account. 
  3. You’ll must allocate money in the direction of your credit score line. This money turns into a refundable safety deposit.
  4. Then you’ll must set your most popular utilization price. The superb credit score utilization price is lower than 10%. 

That’s it. There is not any credit score test.

How to Use A Sesame Cash Account

Once your account is about up you’ll be able to start utilizing your debit card as you usually would. You can swipe for purchases anyplace that Mastercard is accepted. 

Credit Sesame seems to be by way of the purchases you make every month and gathers a bunch collectively that provides as much as lower than your utilization price.

If you might have set your credit score restrict of $500 and your utilization price at 10%, Credit Sesame would search for small purchases that collectively complete as much as $50 or much less.

This turns into your steadiness for the month.

Since your purchases are already paid for utilizing your debit card, Credit Sesame reviews them as paid, constructing your fee historical past.

This fee historical past, steadiness, and credit score restrict are reported to the three main credit score bureaus – Experian, Equifax, and TransUnion – every month. 

How to Close A Sesame Cash Account

To shut your Sesame Cash account, you’ll must withdraw your safety deposit (the cash you allotted in your credit score restrict). 

While you’ll be able to add money to your safety deposit at any time by way of the app or web site, you’ll must name customer support to provoke a withdrawal, even when you’re solely withdrawing a part of your cash. 

Withdrawing your safety deposits closes the credit score constructing a part of this account, however your checking account will stay open. 

Additional Sesame Cash Features

The Sesame Cash account is geared in the direction of constructing credit score however it has an entire host of different options.

  • Refreshed credit score rating day by day – day by day refresh of your TransUnion VantageScore 3.0. This can assist you retain observe of adjustments to your credit score profile and the way every change impacts your credit score rating. You should make a minimal deposit each 30 days to keep up this function.
  • Earn cash for enhancing your credit score rating – Sesame Cash at present gives $10 a month for a credit score rating enhance of 10+ factors and $100 for a credit score rating enhance of 100+ factors in a 30-day cycle. This provide is short-term and could possibly be eliminated at any time.
  • Earn money again at choose retailers – choose cashback gives from a revolving checklist of shops and types.
  • Get your paycheck sooner – There aren’t any charges or processing delays, so you would obtain your paycheck as much as 2 days sooner.

Overall, Sesame Cash gives a lot of the comfort of a bank card with out the dangers or the necessity for a credit score test whenever you apply.

Sesame Cash cash back merchants

How Much Does Sesame Cash Cost?

Sesame Cash is 100% free. You won’t ever be charged any form of month-to-month upkeep payment, overseas transaction payment, and many others. You can draw money out of your account without cost at one in all over 55,000 ATMs worldwide. 

The solely time you would possibly encounter charges could be for utilizing an out-of-network ATM.

To use the credit score reporting function you’ll need to place up a safety deposit. The quantity is as much as you and can decide your credit score restrict. 

☝️ Credit Sesame is ready to provide this function without cost as they earn cash from their credit score monitoring subscription service and thru credit score product referrals (i.e. bank card suggestions). 

Sesame Cash Customer Reviews 

Credit Sesame gives a number of companies along with Sesame Cash, comparable to credit score monitoring, free credit score scores, bank card suggestions, and extra. 

Their general ranking for all of those companies is fairly excessive. They have a 4.8 out of 5 on the Apple app retailer and a 4.4 out of 5 on the Consumer Affairs web site. 

The opinions particularly for the Sesame Cash function are way more blended. 

Users typically appear to see the setup course of for the account as easy and simple, as this evaluate from Consumer Affairs displays. 

Sesame Cash positive user review

But whereas account setup seems to be straightforward, many people have encountered points transferring or direct depositing cash into their Sesame Cash accounts. 

Here is an instance from Consumer Affairs.

Sesame Cash negative user review

And right here is one other one from the Android App retailer. 

Sesame Cash user review complaining about a blocked account

Even those that have been in a position to efficiently use the account have considerations concerning the delays with transfers and deposits. 

Sesame Cash mixed user review

Looking at these opinions as an entire it looks like the Sesame Cash account is straightforward to arrange, and might work, however there is likely to be just a few kinks for Credit Sesame to work out on their nonetheless comparatively new credit score constructing checking account. 

Sesame Cash Alternatives

If you need to construct credit score, however both can’t qualify for a conventional unsecured bank card or choose to stay to utilizing money/debit for all your purchases, there are different merchandise/companies on the market that may aid you construct credit score. 

From checking accounts with credit score constructing options to debit playing cards that work like bank cards, you might have choices. 

Below are 3 of those merchandise together with a abstract of their options, charges, and eligibility necessities.

Chime Credit Builder  Grain Extra
Requirements Requires Chime checking account Linked checking account Linked checking account
Unique Features Doesn’t report credit score utilization Use your current debit card Earn rewards
Fees None 15% + APR and 1% switch payment $8 – $12 a month
Security Deposit $200 + Depends on credit score restrict, not required for many costumers None
Ease of Approval No credit score test No credit score test No credit score test
Reports to Experian, Equifax, TransUnion Experian, Equifax, TransUnion Equifax, Experian
Read Review Read Review

Before making use of, remember that not all of those merchandise construct credit score in the identical method. Some merchandise don’t report utilization. That means you’ll be able to put as a lot spending as you need by way of them, however they could have much less affect in your rating. 

Also, not all merchandise report back to all three credit score bureaus, so be looking out for this as effectively. 

Is Sesame Cash Worth It?

Sesame Cash gained’t be a great match for everybody. 

If you might have poor credit or a skinny credit score profile that forestalls you from acquiring conventional unsecured bank cards and loans, then Sesame Cash could possibly be a helpful useful resource for serving to you restore or set up your credit score. 

And the credit score rating updates, credit score constructing incentives, and cashback incomes potential are all fairly huge bonuses. 

There are two superb candidates for this account.

  • Someone with poor credit score and a excessive revolving credit score utilization price. In this case, the device for setting your personal credit score restrict and utilization price could possibly be very useful to your credit score rating. 
  • Someone with no credit score rating or a really skinny credit score file. The account is offered with no credit score test and can place a revolving credit score tradeline in your credit score report.

What makes Sesame Cash stand out is that there’s no value, past tying up a few of your cash as a refundable deposit, and little or no threat. You can’t make late funds, run your credit score utilization too excessive, or run up high-interest debt. 

The affect of a Sesame Cash account in your credit score is tough to foretell, however there’s not a lot to lose from attempting.

💡 If you qualify for an unsecured bank card and you’ve got the self-discipline to handle it successfully, you may get the identical optimistic affect with out a deposit, which for many individuals could be a greater choice.

👉 Remember that constructing credit score takes time, and many individuals might want to use multiple credit-building technique. If you’re beginning with a revolving credit score account like a Sesame Cash account, think about including to your credit score combine with a credit-builder mortgage, or one other installment mortgage.

How We Rated Sesame Cash

We price credit-building merchandise by evaluating their key options with these of comparable merchandise. These merchandise are not often an identical, so that you’ll want to check intently to find out what most closely fits your wants.

These are the factors we used right here.


It’s by no means doable to precisely predict the affect of a brand new account in your credit score rating. An individual with a skinny credit score file will see a higher affect than an individual with an intensive credit score report.

We ranked Sesame Cash as comparatively efficient as a result of it reviews to all three credit score bureaus, maintains credit score utilization at your required price, and eliminates the opportunity of late funds. 

Ease of Use

Different customers usually have totally different experiences with a product. New merchandise could have glitches that mar some customers’ experiences. Some different customers could have problem with merchandise they don’t absolutely perceive. We rank ease of use with an evaluation of procedures and a cross-section of reported person opinions.

We dropped a degree for Sesame Cash for the requirement that you just contact customer support to withdraw your deposit. 


Credit Sesame is free, and will even reward you for enhancing your credit score. You can’t get cheaper than that!


Nothing works completely on a regular basis, and when issues go improper you wish to know you may get them made proper. Support scores are primarily based on reported person experiences.