MOUNTAIN VIEW, Calif.—Credit Sesame has unveiled a new product that aims to help individuals build and enhance their credit scores through their everyday debit purchases.
The new Sesame Credit Builder is a Mastercard debit card designed to eliminate obstacles for those with limited credit history and equip them with the tools to establish a positive payment history, according to Pymnts.com.
“Unlike traditional secured credit cards, Sesame Credit Builder does not necessitate a credit check, an initial security deposit or any interest charges,” Pymnts.com said. “Users can simply make purchases or pay bills with their debit card and earn the credit that makes it easier for individuals, particularly those with low or limited credit history, to develop a stronger credit history.”
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