Potential total interest paid overall on a home loan:
With fair credit: $261,076
With very good credit: $219,660
Difference: $41,416
Women power the economy. Now let's get credit for it.
The Sequin Rewards Card is designed by credit experts. Access unlimited cash rewards and exclusive perks!
*All genders welcome
Sequin is proud to be featured in:
How Sequin Works
1
Sequin connects to your existing bank account to sign you up for a Sequin Rewards Card.
2
You can use your Sequin Rewards Card anywhere major cards are accepted and earn 1% unlimited cash back rewards on every dollar!
3
Add on a credit line* (free!) to report your payments all 3 credit bureaus - designed to build your credit effectively.
Have more questions? Check our FAQ
* Subject to credit approval
Sequin Membership Rewards
Earn 1% unlimited cash back on every dollar you spend + $25 towards retail, pharmacies, self-care services, and discounts on brands you love.
+1%
cash back1% unlimited cash back on every dollar spent, automatically applied to your next payment 1
+$25
$25 cash credit/yr on Pink Tax categories like retail, pharmacies, & self-care 2
-$89
Sequin Card Membership Fee that you can earn back in cash rewards
+$1000
Access to expert–led credit events and workshops 3
+$350
Discounts on women-focused brands and exclusive networking 4
=$1440
Average yearly value from the Sequin Rewards Card Membership**
The High Cost of Low Credit
How much could you save by improving your credit score? A higher credit score can get you a better interest rate on a loan, which means you will pay less interest on your loan overall. Explore the loan types below to see how improving your credit score could save you up to $56,400. Read more from our source here.
Potential total interest paid overall on an auto loan:
Fair credit: $7,471
Very good credit: $3,625
Difference: $3,847
Potential total interest paid on a credit card:
Fair credit: $6,097
Very good credit: $3,102
Difference: $2,995
Potential total interest paid overall on a student loan:
Fair credit: $8,640
Very good credit: $3,933
Difference: $4,707
Potential total interest paid overall on a personal loan:
Fair credit: $6,325
Very good credit: $2,889
Difference: $3,436
What's different for women?
Financial Knowledge
Women are more likely than men to be charged a late fee, carry a balance, and make the minimum payment, but with actionable financial information, that gap disappears.
The Gender Wage Gap
Credit card issuers may use income to determine credit limits. The gender wage gap may result in a lower credit limit, which may affect credit utilization and thus credit scores.
Authorized Users
Married women are more likely than married men to be the authorized user on shared credit cards, which means that they may miss out on building credit history in their own names.
FAQs
Does Sequin run a credit check to approve me?
No. Sequin does not rely on credit checks or inquiries to approve you - so applying for a Sequin Rewards Card will not affect your credit in any way (a unique feature!)
What is the Sequin Rewards Card?
The Sequin Rewards Card is a debit card and credit-line designed by credit experts to build your credit effectively (applying does not impact your credit score).
If you are not eligible for the credit line, or wish to access the debit card without a credit line, you’ll still have access to all of the Sequin Rewards Card’s amazing perks like unlimited 1% cash back rewards on every dollar you spend, a $25 cash credit annually on purchases in select categories, discounts on women-led/focused companies, and expert-led community events.
You’ll also keep your existing bank to make Sequin Rewards Card payments.
How is Sequin designed to build credit for women, specifically?
Women report that they are 2x less likely to say their credit score helps them in life, and report a negative credit experience like credit card rejections, lower credit limits, and higher interest rates.
This is where Sequin comes in.
Sequin is designed to build credit for women by correcting the credit bureau’s system (the companies that control your credit report!) via a debit card and credit-building line of credit offered by Stilt Inc, our credit partner. Credit reporting, like many algorithms, reflects systemic bias and shows up in the way FICO scores are calculated.
How is this possible? Credit Utilization is the second largest factor (35%) that creates your FICO score. Simply, credit utilization = amount you’ve spent / total credit line. So, the lower the better. Historically, young women are offered lower credit limits, yet spend more, so their credit utilization is reported as higher and thus, less desirable. However, the fact is women are better to lend to and their risk is inaccurately priced.
With Sequin, you can sign up for a Sequin debit card and a line of credit, designed to build credit effectively - without hidden fees or interest. Additionally, Sequin's Credit Utilization Manager can make payments for you, automatically, if your credit utilization is too high at the time of credit reporting - a unique feature designed to keep your credit utilization low and your credit score high. This removes a factor that systematically prevents women from building a strong credit record.
I do not identify as a woman, is Sequin still for me?
Sequin welcomes anyone regardless of gender identity and does not discriminate on the basis of race, color, religion, national origin, sex, marital status, or age in accordance with the Equal Credit Opportunity Act of 1974.
As a (not so) fun fact, before the passage of this act (kudos to Ruth Bader Ginsburg), women could be denied a credit card without a male co-signer.
Which Credit Bureaus does Sequin report to?
You’ll likely see your Sequin Rewards Card activity on your credit reports within a few months. Our lending partner, Stilt, will report your payments to each of the three major credit bureaus - Experian, Equifax, and TransUnion.
Why the name "Sequin"?
Sequins were a Venetian gold currency until, over time, the reflective metals became decorative accents. The word "Sikka" still means currency in many Arabic languages today. Our team felt the name represented the powerful history of financial tools while paying homage to the women Sequin is serving.
How does Sequin connect with my existing bank account?
Sequin uses Plaid to securely connect to over 10,000+ banks. This service allows you to keep your existing bank (please check if your bank is compatible with Sequin here.
Plaid uses encryption and internationally recognized security standards to protect your information.
What are the perks of the Sequin Rewards Card without the credit builder feature?
The Sequin Rewards Card is a debit card with unique woman-focused perks like unlimited 1% cash back rewards on every dollar spent, $25/yr on retail, pharmacies, and self-care (e.g. Lululemon, CVS), and discounts on women-focused brands like Thinx.
Additionally, the Sequin Rewards Card connects to your existing bank account, forming a protective layer between your checking account and traditional debit card. This is possible because you can choose how much money to transfer onto your Sequin Rewards Card from your existing checking account.
Lastly, you’ll have access to an expert-led community, education, and events alongside other financial feminists!
I still have questions!
We love to hear from you. Reach out to us at support@sequincard.com.