Credit sesame review
Credit Sesame is a widely-used credit monitoring and financial management tool, known for its free access to credit scores and a range of financial services. Here’s a thorough review of what Credit Sesame offers, its pros and cons, and whether it's a good fit for you. The idea of “credit” is definitely not righteous… how righteous is Credit Sesame? Read on…
That’s a good sign, right??
What Does Credit Sesame Offer?
There are a ton of credit monitoring / credit improvement tools out there. A lot of credit cards provide some form of this as a tagalong. The main concerns for anyone looking to understand and improve their credit score:
Is this thing right?
Is my credit getting dinged just by looking at this?
Credit Sesame sets you at ease quickly on both fronts. They aren’t in it for anything else (though you can buy premium services that go beyond simple credit monitoring, as we will discuss).
Free Credit Monitoring and Identity Protection: Credit Sesame provides users with a free TransUnion VantageScore, updated daily, along with basic credit monitoring services. Users also receive $50,000 in identity theft insurance at no cost, which is a rare perk in the market,
Premium Services: For those who need more comprehensive protection and detailed insights, Credit Sesame offers a premium plan called Sesame+. This plan, priced at $24.99 per month, includes three-bureau credit monitoring, rent reporting, credit dispute resolution support, and up to $1 million in identity theft insurance.
Financial Tools: Beyond credit monitoring, Credit Sesame helps users find the best credit cards, auto loans, and mortgage rates through its robust search tools. It also offers insurance comparison shopping, helping users save on auto, home, and life insurance policies.
Sesame Cash: This is a no-fee prepaid debit card that offers cash rewards, direct deposit, and mobile check deposit features. It includes a unique Credit Builder Account designed to help users improve their credit score by reporting on-time payments from their debit card transactions.
This is not at all related ^…. I just can’t hear “sesame” without thinking of the bit. RIP Mitch.
Pros of Credit Sesame
Free Basic Services: The basic free services are substantial, providing daily credit score updates and identity theft insurance.
Comprehensive Premium Features: The Sesame+ plan offers extensive credit and identity monitoring features, making it suitable for those needing in-depth credit management.
User-Friendly Tools: The platform includes various tools for comparing credit cards, loans, and insurance, which can save users both time and money.
Security and Trustworthiness: Credit Sesame employs robust encryption methods similar to those used by banks, ensuring user data is secure. It’s also accredited by the BBB and has not experienced significant security breaches.
Cons of Credit Sesame
Mixed User Reviews: While Credit Sesame offers many features, user reviews are mixed. Some users report unauthorized account additions and issues with customer service responsiveness.
Limited Free Features: The free plan only provides access to TransUnion data. To monitor all three credit bureaus, users must upgrade to the premium plan.
Potential Fees with Sesame Cash: Despite being fee-free for basic use, users should be aware of potential inactivity fees associated with the Sesame Cash account.
Conclusion
Credit Sesame is a valuable tool for those looking to keep track of their credit score and protect their identity. Its free services are quite generous, and the premium features offer extensive additional benefits for those who need them. However, it’s important to consider user reviews and understand the limitations of the free plan before fully committing.
For those interested in credit monitoring, Credit Sesame’s robust feature set and security measures make it a strong contender. There are other tools that give you more in terms of budgeting and spending, but Credit Sesame is a solid choice for getting started with the practice of monitoring and building credit.