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Credit Sesame Frequently Asked Questions
How is my cash used to improve my credit?
Sesame Cash is a free digital bank account that comes with a pre-paid MasterCard debit card.
How soon can I improve my credit score?
Yes. If you sign up for direct deposit, you can get your paycheck deposited into your Sesame Cash account up to 2 days earlier than traditional banks allow.
How much cash should I allocate to get started?
The cash you allocate to build credit is used as a security deposit for a virtual secured line of credit. Your virtual secured line of credit is designed to help increase your overall available credit and lower your credit utilization, which can lead to a higher score.
How do I cancel or close my account?
Free credit sesame members can use a web browser to visit creditsesame.com and log in to your account and then click the terminate account button to follow the prompt to confirm in account settings. And the premium credit sesame members can visit the premium plan section of your account settings page, and then click on “Cancel Premium Plan” and follow the prompt to confirm.