Sesame Cash / Prepaid Debit Card to Build Credit Without a Credit Card
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Sesame Cash / Prepaid Debit Card to Build Credit Without a Credit Card
Sesame Cash is a digital debit account that helps you build credit with debit card purchases.
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Sesame Cash / Prepaid Debit Ca...
Credit Sesame Cash review: Combines everyday banking features with tools to improve credit health.
What Is Credit Sesame Cash?
Credit Sesame offers the Sesame Cash account, a prepaid debit card that helps users manage their finances while building credit.
| Offer | Best For | Monthly Fee | Get Started |
|---|---|---|---|
| Debit Card | Building credit without traditional credit cards. | $9.99 | Visit Website |
How Sesame Cash Account Works
Unlike traditional debit cards, Sesame Cash offers features to help users build credit.
Here’s how it works:
- Sign up for the debit card through the Credit Sesame app.
- Deposit funds via bank transfer, direct deposit, or mobile check deposit.
- Enroll in the Sesame Cash credit builder feature to have your debit transactions reported to the credit bureaus.
| Services | Description |
|---|---|
| Debit Card | Pay with your debit card anywhere Mastercard® is accepted, or add your card to Apple Pay, Google Pay, and Samsung Pay. |
| Cash Back Rewards | Earn cash back on purchases at select retailers, with new offers added regularly. |
| ATM Network | Access 55,000+ Fee-free ATMs worldwide. |
| Credit Builder | Build credit history through regular debit card purchases without needing a traditional credit card. |
| Early Payday | Access paycheck up to two days early with direct deposit. |
| Visit Website to Learn More | |
Credit Sesame is a financial technology company, not an FDIC-insured bank. Banking Services are provided by Community Federal Savings Bank, Member FDIC.
Key Features
- Notifications: Instant alerts for purchases, withdraws, deposits, and other account changes.
- Mobile Banking: Manage your account, track spending, pay bills, and monitor your credit score.
- Device Protection: Get up to $500 in device insurance when you pay your phone bill with the debit card.
Pros and Cons
Pros
- Enables credit building without a traditional credit card.
- No monthly maintenance fees or minimum balance requirements.
- Offers cash back rewards on everyday purchases.
- Provides early access to direct deposit funds.
Cons
- Monthly subscription fee.
- Reported challenges with customer service responsiveness.
Pricing
The monthly fee of $9.99 is waived with qualifying account activity; either have $500 directly deposited or spend $1,000 each month with your Sesame Cash account.
Who Is It Best For?
Sesame Cash is ideal for anyone looking to build or improve their credit history without needing a traditional credit card.
How to Get Started
- Sign Up: Visit the website, create a free account, and apply for the debit card.
- Fund Your Account: Add money through bank transfer, direct deposit, or mobile check deposit.
- Activate Credit Builder: Enroll in the credit builder feature to build your credit history.
Sesame Cash Review
Sesame Cash is a legitimate account and not a scam. In researching the Sesame Cash reviews, we learned that it has a 4.8 rating in the App Store with over 418,000 reviews and has been downloaded over 5 million times in the Google Play Store, garnering over 184k reviews and an average of 4.7 stars.
Our Sesame Cash review determined that it offers a unique blend of banking and credit-building features, making it a compelling choice for those looking to improve their financial health. Its ability to build credit through everyday spending sets it apart from traditional banking products.
Sesame Cash Alternatives
- Self Secured Credit Card: A Visa card that helps you build credit with everyday purchases without credit checks. Visit Self.
- Kikoff Secured Credit Card: A card that works like a prepaid debit card with no annual fees. Visit Kikoff.
- Current Build Card: A secured credit card boasting a fee-free structure. Visit Current.
- SoFi Banking: Offers a comprehensive online banking experience with competitive interest rates.
We appreciate your honest feedback. Share your real experience to help others make confident money decisions.
Trina –
No fees? They charged me a monthly fee of 9.99 and a 3.00 monthly inactivity fee. Definitely not free. Then when my account went negative because of these fees they emailed me that I owed them money.