Credit Sesame | Bright App
The top advantages of the Credit Sesame Secured Card include:
The disadvantages include:
The Credit Sesame Card is competitive among secured cards with no annual fee, but its minimum $200 limit lags behind Discover's $100 minimum. Its unrestricted cashback is advantageous compared to Capital One's required $25 redemption minimum.
However, alternatives like OpenSky offer higher limit potential on deposits. The Credit Sesame Card's mobile app and free credit score access are on par with competitors. Overall, it offers a solid secured card option but falls slightly short of the top products in areas like limit amounts, rewards, and a graduated path to unsecured credit. Still, it provides good credit-building fundamentals.
For those needing to build credit, the Credit Sesame Secured Card offers an accessible option to accumulate a positive payment history and improve your credit profile over time with responsible use. The required security deposit and limited rewards make it less attractive to those with established good credit. As you work to establish or rehabilitate your credit, having full visibility and control over your overall financial life is important.
With Bright Money, you can link all your accounts to see your complete financial picture in one place. Bright Money delivers automated expense tracking, customizable budgets, and intelligent notifications to help you take control of day-to-day spending, enabling you to pay off debt faster while saving on interest.
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Note: Credit Card summary is for informational purposes only and is not an endorsement of the product. Products and services described are offered by third parties and not Bright Money or its partner banks. Bright Money strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider, or specific product’s site and the information has not been reviewed or provided by the issuer of the product before publication.