Are you interested in improving your credit score but don’t know where to start? Many online outlets provide tips to help you take the first steps. But Credit Sesame steps it up a notch by educating you with premium content. You also get credit management resources to lend a helping hand on your journey to better credit health. You can also leverage a plethora of interactive tools to meet other pressing financial goals.
What is Credit Sesame?
Credit Sesame is an online platform that prides itself on helping consumers improve their credit scores and overall financial health. After the last major financial crisis, founder Adrian Nazari created Credit Sesame to help consumers recover and boost their financial health. Not only did the platform offer exceptional financial advice, but users could also get their credit score for free online.
Since its inception, Credit Sesame has morphed into a leading hub of financial tools and resources. Free credit scores are still available. There’s also credit monitoring, a credit-builder product, identity theft protection and Sesame Cash to help meet your savings goals. All these features are available for free and accessible on the website or via the mobile app.
How Does Credit Sesame Work?
Credit Sesame makes it easy to manage your credit health, make informed financial decisions and meet financial goals. The online platform keeps tabs on your finances behind the scenes. It uses this information to make customized recommendations to help you take control of your credit and overall financial health.
What Does Credit Sesame Offer?
Credit Sesame offers an assortment of valuable financial resources and tools.
Credit Score and Identity Protection
View your TransUnion VantageScore 3.0 for free and get real-time alerts any time there’s activity in your TransUnion credit report. Plus, you can view your free credit report card that contains all your credit and debt accounts along with tips that could boost your score.
As a member, you’ll also get $1 million in identity theft insurance along with live support to help you restore your identity if it’s compromised or stolen.
Sesame Cash Account
The Sesame Cash Account is a fee-free prepaid debit product that lets you build credit with everyday purchases. (1) You can use the Sesame Cash debit card everywhere MasterCard is accepted and earn up to 15 percent cashback from your favorite retailers. (2)
If you enroll in direct deposit, you can also get your paycheck up to two days early. (3) You’ll also earn up to $100 when your credit score increases. (4)
Credit Sesame Credit Builder
Use funds in your Sesame Cash Account to start building credit. (1) Simply allocate a portion of your balance towards the credit builder tool and choose your utilization. Credit Sesame will create a virtual Secured Credit Card for you and report it to the three primary credit bureaus – Experian, TransUnion and Equifax.
Credit Sesame will also take a few purchases from your debit card to create a balance on your secured credit card each month. Credit Sesame will then pay the balance in full and report payment activity to improve your credit score over time.
Credit Sesame Mobile App
Available on iOS and Android devices, the Credit Sesame mobile app allows you to access all the valuable features while on the go.
How Much Does Credit Sesame Cost?
It’s free to use Credit Sesame. However, three premium plans can help you meet your credit goals even faster. Here’s an overview of each:
- Advanced Credit Plan: $9.95 per month and includes daily one bureau credit score updates, monthly three-bureau credit score updates and monthly three-bureau bull credit reports
- Pro Credit Plan: $15.95 per month and has all the perks of the advanced credit plan along with three-bureau credit monitoring with alerts and 24/7 live experts to help you resolve discrepancies in your credit report
- Platinum Protection Plan: $19.95 per month and includes all the benefits of the Pro Credit Plan plus lost wallet protection, Social Security number monitoring, black market website monitoring and public records monitoring
How to Get Started with Credit Sesame
Become a Credit Sesame member by signing up online or downloading the mobile app and creating a unique profile. It only takes 90 seconds of your time, and you won’t have to put a credit card on file to get started.