Credit Sesame Secured Card

Credit Sesame | Bright App

Credit needed
Limited or Bad Credit
Annual Fee

Card Summary

The top advantages of the Credit Sesame Secured Card include:

  • No credit check is required for approval. Only a security deposit is required.
  • Activity is reported to all three major credit bureaus
  • Helps establish credit history and improve credit scores
  • Zero annual fee
  • Includes free monthly access to your credit score

Card Summary - Cons

The disadvantages include:

  • $29 account setup fee
  • High ongoing APR of 24.99% on balances
  • Low minimum credit limit of $200
  • Charges foreign transaction fees
  • Less robust rewards program compared to top unsecured cards

Rates and fees

Issuer Name
The Bank of Missouri
Penalty APR
Credit Needed
Limited or Bad Credit
Balance Transfer Fee
Annual Fee
Cash Advance Fee
Foreign Transaction Fee


Comparative Analysis with Other Cards

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.

Read more: Top reasons why you must build your credit score


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. 

Reduce debt and get on the fast track to financial freedom! Get the App Here. 

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.

Get the Bright App
Ai Powered App, to Delete Debt