Understanding Your Credit Report
Learn what a credit report is, common errors to look for, and how to dispute inaccuracies.
FICO and Women
What does FICO measure and how can I optimize my FICO score as a woman?
Tips from the credit experts at Sequin
35%
Payment History
Whether you pay your bills on time every month. Late payments hurt your credit score; early or on-time payments help it.
Place your credit card bills on auto-pay every month. Make sure you have enough money in your checking account to avoid overdraft.
Payment History
Whether you pay your bills on time every month. Late payments hurt your credit score; early or on-time payments help it.
Place your credit card bills on auto-pay every month. Make sure you have enough money in your checking account to avoid overdraft.
30%
Utilization
How much of your total credit limit you are currently using. For example, having a large credit limit and using less than 10% of it helps your credit score.
Keep your credit utilization below 30% at all times, and below 10% if possible. This might mean paying off big expenses in the middle of the month, before your credit card is due.
Utilization
How much of your total credit limit you are currently using. For example, having a large credit limit and using less than 10% of it helps your credit score.
Keep your credit utilization below 30% at all times, and below 10% if possible. This might mean paying off big expenses in the middle of the month, before your credit card is due.
15%
Age of Credit
The length of your oldest active account and the average age of your open accounts. The older your active accounts, the better your credit score.
Start building credit in your own name early- not as an authorized user on someone’s account. Never close your oldest line of credit; use it periodically (every ~6 months) to prevent inactivity cancellations.
Age of Credit
The length of your oldest active account and the average age of your open accounts. The older your active accounts, the better your credit score.
Start building credit in your own name early- not as an authorized user on someone’s account. Never close your oldest line of credit; use it periodically (every ~6 months) to prevent inactivity cancellations.
10%
Recent Hard Inquiries
The length of your oldest active account and the average age of your open accounts. The older your active accounts, the better your credit score.
Limit the number of hard inquiries into your credit (typical for applications for a loan). If you are evaluating different loan options, do so within a short time frame (under a week).
Recent Hard Inquiries
The length of your oldest active account and the average age of your open accounts. The older your active accounts, the better your credit score.
Limit the number of hard inquiries into your credit (typical for applications for a loan). If you are evaluating different loan options, do so within a short time frame (under a week).
10%
Types of Credit
Having diverse types of credit, for example installment loans (a car or student loan) and revolving credit (a credit card) can help you score.
Having a credit card can add diversity to your credit profile if you don’t already have one in your own name.
Types of Credit
Having diverse types of credit, for example installment loans (a car or student loan) and revolving credit (a credit card) can help you score.
Having a credit card can add diversity to your credit profile if you don’t already have one in your own name.
Please note: The document above was created for a specific event which is now completed. Certain details may be outdated and any links may no longer be active. Feel free to email us at support@sequincard.com if you have questions about any of the content!
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Terms & Conditions
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Sequin is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC.
The Sequin Rewards Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted. FDIC insurance is available for funds on deposit through Thread Bank, Member FDIC.
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Earn cashback rewards at a rate of 6% on "Pink Tax Categories" in a calendar month in which you spend at least $500 on the Sequin Visa® Rewards Debit Card. If you make less than $500 in settled debit transactions on the Sequin Visa® Rewards Debit Card in a calendar month, you earn cashback rewards on debit transactions at a rate of 0.5% cashback on “Pink Tax Categories”.
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1 Sequin Consumer Deposit Account Agreement
2 With a Sequin High-Interest Checking Account (available to Sequin Members), you get up to four international ATM fee reimbursements per month, up to $20.00. Sequin Members will receive their reimbursement by the 10th day of the following month.
3 Sequin University, Credit Tools, and Perks are not affiliated with Thread Bank. Sequin Member results are based on a 2022 study of 100 participants over a period of three weeks. Results may vary.
Sources:
|| Women have more anxiety about finances than men, Morning Consult Pro, 2024
|| 14% of women go into debt for beauty, Lending Tree, 2023
|| Women are less likely to invest our assets, Magnify Money, 2019
|| Women pay higher interest rates and more in fees - while investing less, FINRA, 2012
|| Debit cards don’t usually earn rewards, Banks.com, 2024
|| Women pay 30% more in overdraft fees as compared to men, BankingDive, 2019
|| Most cards are black and blue, CanStar, 2022
|| Women were granted rights to bank accounts and debit cards only 50 years ago, Forbes, 2023
|| Sequins were a Venetian gold currency until, over time, the reflective metals became decorative accents, Research Gate, 2013
|| Everyday products and services cost women $188,000 more over our lifetimes, BankRate, 2023
|| Women pay more for the same everyday goods and services, such as razors, deodorant, and hair care 42% of the time, DailyCampus, 2024
|| We've selected "Pink Tax" categories based on where women typically spend more on everyday products and services, GoBankingRates, 2024
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