1 thing I love about Credit Sesame savings account they encourage you to keep adding to your savings it also helps with your credit score when you add a monthly subscription for like 5-15 dollars... Credit Sesame literally showing people the way to fix your credit
So I basically leave $200 in the account again after they “pay it off”. It sounds just like a secured card! Just more perks to it. Slightly different than chime credit builder correct?
Do you pull from your line of credit and then pay it back before the end of the month like a secured card? Or do you put your line of credit in and just leave it as is and then just add whatever you want to spend to the cash part of the card and use it as a debit card and that's what boosts your credit? I just got this card and I'm confused by how to use it properly? I put 100$ in my credit line and I added 10 bucks from my bank to just use for a couple gallons of gas or something to keep my utilization at 10%. And can I use this just once a month for credit building purposes or do I need to use it a bunch of times a month? Thank you.
I emailed them, as I had some questions myself. I asked some of the questions that you posed here, and I’ll comment back what they say when they get back to me. If you’re still checking this comment.
@@Jessica-iq6kj Here’s the response I got: Thank you for your message. These are all great questions and we are happy to hear you are interested in getting the Sesame Cash Credit Builder card. The cash you allocate to build credit is used as a security deposit for a virtual Secured Credit Card. Your virtual Secured Credit Card is designed to help increase your overall available credit and lower your credit utilization, which can lead to a higher score, all with the cash you have. As you make Sesame Cash debit purchases, we’ll create an identical balance on your virtual Secured Credit Card-and set aside money to pay it off. This happens behind the scenes, helping you demonstrate credit utilization and payment history we report to the bureaus. All with the day-to-day debit purchases you’re already making! To open your virtual Secured Credit Card, you’ll be asked to make a minimum security deposit from your Sesame Cash account. Increasing this amount can lower your credit utilization even more and help improve your score. We have a great video if you would like to learn more about this great card. Click here to learn more! Feel free to respond to this message if you have any additional questions. Thank you!
@@Jessica-iq6kj They linked a video, let me get the link: ruclips.net/video/pvLiWyWyJlA/видео.html The video says they pay it off with the identical balance that they create from the purchases made. I’m still slightly confused, so I sent another email and will update again when I receive a response :).
I really need the run dwn on how to use this card 😩 I need to know how to upload money to receive my card and how to use it to build my credit, I’m sorry 😞
They report to the 3 bureaus, which raises your credit on all of your scores. They might just use your vantage score to show you an idea of what your credit score is but you have a lot of different credit scores depending which fico/vantage score you're seeing.
Do I have to get direct deposit with sesame or can I just add money into the account and can I still use my Wells Fargo card card debit card whenever I want
⬆if you need help about credit lines and financial help john will do a very marvelous job for you and you will be happy....he really helped me he is reliable 100% guarantee[.....,
i’m just a little confused, so when i put down a my secured deposit (ex $100) that’s my credit limit, but i can use the debit card like a regular debit card?
⬆if you need help about credit lines and financial help john will do a very marvelous job for you and you will be happy....he really helped me he is reliable 100% guarantee[.....,
I already have a prepaid debit card with a low 600 score. Do you recommend getting rid of that debit card altogether and putting everything in the credit sesame debit card? I want to boost the score that I already have instead of starting from scratch, but i am not sure how to do that.
I don’t know if you received help or not, but I would suggest getting a secured card. I’d start with the open sky secured card, then the next month, capital one Platinum secured card. My next summer, I’d get the discover it secured card. All these secured cards graduate at some point. After the discover graduates, I’d try for the American Express gold or blue cash rewards card…
You would set your credit utilization and we then look for purchases that fall under that utilization that you make on your Credit Sesame account and we report that as positive payment history to the bureaus! So yes, the $ in your CB account would "sit" there but you would need to make small purchases on your Sesame Cash account.
@@iDudditsi0G correct your credit limit is your monthly spending limit until they decide to boost it off your payments....Add money make purchases build credit while they boosting your credit limit in the process
![BLACK BAG - Official Trailer [HD] - Only in Theaters March 14](http://i.ytimg.com/vi/Du0Xp8WX_7I/mqdefault.jpg)
Thank you so much, their video really confused me. You explained it so much better.
1 thing I love about Credit Sesame savings account they encourage you to keep adding to your savings it also helps with your credit score when you add a monthly subscription for like 5-15 dollars... Credit Sesame literally showing people the way to fix your credit
How does the credit sesame credit builder card work. Do I add 100-200$ to the credit card and not touch it for 6 months then start using
There is a monthly fee to use the debit card? Is the Extra Debit card better?
If i don't credit card will this boost my credit score?
Since Credit Sesame a debt and Master credit card will it be ok to make my business payments on credit sesame card ?
So if I put $100 on my account Im only allowed to use $5-$10 bucks to have a great utilization right? Thankss
So I basically leave $200 in the account again after they “pay it off”. It sounds just like a secured card! Just more perks to it.
Slightly different than chime credit builder correct?
This card doesn't make sense to me.
App downloaded.
What if I add money to use
Do you pull from your line of credit and then pay it back before the end of the month like a secured card? Or do you put your line of credit in and just leave it as is and then just add whatever you want to spend to the cash part of the card and use it as a debit card and that's what boosts your credit? I just got this card and I'm confused by how to use it properly? I put 100$ in my credit line and I added 10 bucks from my bank to just use for a couple gallons of gas or something to keep my utilization at 10%. And can I use this just once a month for credit building purposes or do I need to use it a bunch of times a month? Thank you.
Following
I emailed them, as I had some questions myself. I asked some of the questions that you posed here, and I’ll comment back what they say when they get back to me. If you’re still checking this comment.
@@smileymctrashbag great yes thank you!! Much appreciated!!
@@Jessica-iq6kj Here’s the response I got:
Thank you for your message. These are all great questions and we are happy to hear you are interested in getting the Sesame Cash Credit Builder card.
The cash you allocate to build credit is used as a security deposit for a virtual Secured Credit Card. Your virtual Secured Credit Card is designed to help increase your overall available credit and lower your credit utilization, which can lead to a higher score, all with the cash you have. As you make Sesame Cash debit purchases, we’ll create an identical balance on your virtual Secured Credit Card-and set aside money to pay it off. This happens behind the scenes, helping you demonstrate credit utilization and payment history we report to the bureaus. All with the day-to-day debit purchases you’re already making!
To open your virtual Secured Credit Card, you’ll be asked to make a minimum security deposit from your Sesame Cash account. Increasing this amount can lower your credit utilization even more and help improve your score.
We have a great video if you would like to learn more about this great card. Click here to learn more! Feel free to respond to this message if you have any additional questions.
Thank you!
@@Jessica-iq6kj They linked a video, let me get the link: ruclips.net/video/pvLiWyWyJlA/видео.html
The video says they pay it off with the identical balance that they create from the purchases made. I’m still slightly confused, so I sent another email and will update again when I receive a response :).
I really need the run dwn on how to use this card 😩 I need to know how to upload money to receive my card and how to use it to build my credit, I’m sorry 😞
They use vantage score correct????
How will it help your Fico which is what 90% of lenders use to determine your eligibility for loans?
They report to the 3 bureaus, which raises your credit on all of your scores. They might just use your vantage score to show you an idea of what your credit score is but you have a lot of different credit scores depending which fico/vantage score you're seeing.
@@matts4025 NOTED
Can I increase my deposit at any time
Yes!
Thank u how much do u recommend having in each account
Do I have to get direct deposit with sesame or can I just add money into the account and can I still use my Wells Fargo card card debit card whenever I want
You do not have to enable direct deposit with Sesame Cash. :)
Ok thanks
⬆if you need help about credit lines and financial help john will do a very marvelous job for you and you will be happy....he really helped me he is reliable 100% guarantee[.....,
How long does it take to get my card in the mail I just signed up and also can I use this card to do online purchase?
It takes 7-10 business days! And yes you can :)
Would you use the extra card
We dom't have any monthly fees ;)
i’m just a little confused, so when i put down a my secured deposit (ex $100) that’s my credit limit, but i can use the debit card like a regular debit card?
Yes, you can! :)
⬆if you need help about credit lines and financial help john will do a very marvelous job for you and you will be happy....he really helped me he is reliable 100% guarantee[.....,
Also confused and still confused. So what, like...I can use 10% of my paycheck or I'm absolutely boned as far as utilization goes????
I love Credit Sesame 🥰❤️🙌🏾
Yay!
Is putting 200 in a regular and credit builder account is ok ????
Yes :)
@@CreditSesame is letting the money sit the best option ? Because I was planning on doing that
I already have a prepaid debit card with a low 600 score. Do you recommend getting rid of that debit card altogether and putting everything in the credit sesame debit card? I want to boost the score that I already have instead of starting from scratch, but i am not sure how to do that.
I don’t know if you received help or not, but I would suggest getting a secured card. I’d start with the open sky secured card, then the next month, capital one Platinum secured card. My next summer, I’d get the discover it secured card. All these secured cards graduate at some point. After the discover graduates, I’d try for the American Express gold or blue cash rewards card…
Open sky Graduates?
@@neverfake983 I’m not sure. I know capital one platinum secured or capital one quicksilver secured does graduate as well as discover it secured.
@@neverfake983
Open sky does not at the moment. I have one!
@@nakitawebb6801 thank u
So put 200 in the credit builder account and just let it sit for 6 to 8 months ???
You would set your credit utilization and we then look for purchases that fall under that utilization that you make on your Credit Sesame account and we report that as positive payment history to the bureaus! So yes, the $ in your CB account would "sit" there but you would need to make small purchases on your Sesame Cash account.
So if I have a 500 dollar limit I can only spend 50 bucks per month right???
@@iDudditsi0G correct your credit limit is your monthly spending limit until they decide to boost it off your payments....Add money make purchases build credit while they boosting your credit limit in the process
$9.99 fee is charged
So just leave 200 bucks on that debit card without spending it and my credit score will improve in 6 month. Easy pizzy