Credit Sesame unveils Credit Builder powered by Mastercard

By Delisha Fernandes

Credit Sesame, a financial wellness company, has launched Sesame Credit Builder, a Mastercard debit card designed to help people build their credit.

Sesame Credit Builder helps improve credit scores by building a positive payment history with debit purchases from coffee bill payments for phones, utilities, and subscriptions. Historically, users with positive credit payment history can see an average credit score increase of 35 points.

Adrian Nazari, Founder and Chief Executive Officer of Credit Sesame, said, “Finance plays a crucial role in everyone’s lives. However, for the nearly two-thirds of US households who are living paycheck-to-paycheck and relying on credit to manage their day-to-day expenses, good credit history is vital to their financial health.”

Nazari added, “The new Sesame Credit Builder Mastercard brings inclusion and breaks down the barriers for everyone and especially people with low or limited credit history, to build better credit history. We are making it easy for more Americans to get credit for the money they spend and the payments they make.”

Unlike a traditional secured credit card, there is no credit check, no up-front security deposit, and no interest charges. Consumers make purchases or pay bills with debit cards and get the credit they deserve. Enrolment takes minutes, so individuals can start building their credit instantly.

“Creating pathways for financial security and access is core to Mastercard’s mission of powering economies and empowering people,” said Tim Montgomery, Senior Vice President, Digital Partnerships, North America, Mastercard. “Credit Sesame aims to democratize financial wellness and empower consumers to take charge of their own financial health. Sesame Credit Builder can do just that and help even more consumers improve their credit.”