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Sequin card review

A debit card that helps build your credit but you can’t withdraw money at an ATM.

finder.com’s rating: 3.7 / 5.0

★★★★★

The Sequin card is a debit and credit card hybrid founded by Vrinda Gupta, who realized that women are usually given lower credit limits than their male counterparts — but tend to spend more. That will increase their credit utilization ratio and negatively impact their credit score.

While Sequin is marketed toward women, anyone can join. Sequin helps you build credit and doesn’t report credit utilization to credit bureaus. But you’ll need to transfer your full credit limit as a fully-refundable deposit before you can use it.

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$0 per month

Fee

N/A

APY

Details

APYN/A
Fee$0 per month
ATMsNo access to ATMs

Review by


Kimberly Ellis is a writer at Finder. She hails from New York City with a BA from Queens College and a New York State teaching certificate. After teaching in both public and private schools, Kimberly decided to take the world by storm and dive into the media industry — where she covers everything from home loans and investing to K–12 education and shopping. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.

Expert review

The Sequin card is best for people with high credit usage who want to build credit without worrying about paying off interest or late fees you’d find with credit cards.

Sequin also stands out because it doesn’t report your credit utilization to credit bureaus. This helps responsible borrowers who spend a lot but can’t qualify for a high credit limit. But you’ll need to transfer your full credit limit into a Sequin account as collateral to get started.

Also, unlike other credit-building debit cards like Extra, Sequin doesn’t come with a monthly fee, making it a less costly option.

How do I open a Sequin card account?

Sign up for a Sequin card in five steps.

  1. Go to the provider’s site and follow the steps to apply.
  2. Choose Sign up today!
  3. Enter your personal details, including your legal first and last name, phone number and email. Hit Let’s Get Started.
  4. Input your bank account credentials to link your account.
  5. Follow the prompts to complete your account application.

Eligibility

You must meet the following requirements to apply for a Sequin card:

  • At least 18 years old
  • US citizen or permanent resident
  • US bank account

Required information

The Sequin application will ask for the following information:

  • Full legal name
  • Phone number
  • Email address
  • Social Security number
  • Bank account credentials

How does the Sequin card work?

The Sequin card operates like a debit card because it’s connected to your bank account. But you don’t fund or withdraw from it. Instead, Sequin fronts you the money like a credit card and withdraws the exact amount you’ve borrowed from your bank account on the same day.

At the end of the month, Sequin reports the transactions — but not your credit utilization — to credit bureau Experian to demonstrate that you’re a responsible borrower. It hopes to start reporting to Equifax and Transunion in the future.

7 benefits of the Sequin card

Check out the perks of opening a Sequin card:

  • No monthly fee. Unlike other credit-building debit cards, the Sequin card doesn’t come with a monthly fee.
  • Builds credit. While traditional debit cards don’t help your credit, Sequin helps you build credit with each purchase.
  • No interest or late fees. Since Sequin debits your bank account directly, you’ll never incur interest or late fees like you would with a credit card.
  • Set daily limits. Specify a maximum withdrawal amount so no one can ever access your entire balance.
  • No credit check required. Sequin doesn’t initiate a credit inquiry when you open an account.
  • Doesn’t report credit utilization. Sequin doesn’t report credit utilization to credit bureaus to help prevent your spending from negatively impacting your credit score.
  • Anyone can join. Although Sequin is marketed toward women, anyone can sign up for an account.

4 things to look out for

While Sequin can help you build credit, it comes with the following drawbacks:

  • Sequin deposit required. Since Sequin doesn’t pull your credit, you’ll need to transfer a fully refundable Sequin deposit, which is equivalent to your Sequin credit limit, as collateral. You’ll get the full deposit back, less any unpaid balances, when you close your Sequin card.
  • No ATM access. Unlike most debit cards that let you withdraw cash, you can’t use your Sequin card at an ATM.
  • Not available in all 50 states. Sequin currently only operates in 36 states.
  • Limited support options. Unlike other digital banks that offer live chat and a support number, you can only reach out to customer service by emailing support@sequincard.com.

In which states is Sequin available?

  • Arkansas
  • Colorado
  • Connecticut
  • Delaware
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Louisiana
  • Maine
  • Maryland
  • Michigan
  • Minnesota
  • Missouri
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Oklahoma
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Virginia
  • Vermont
  • West Virginia
  • Wyoming

If Sequin isn’t available in your state yet, email team@sequincard.com to express your interest.

Compare Sequin with other digital bank accounts

We’ve gathered similar debit cards and checking accounts to see how the Sequin card compares. Use the table to view different monthly fees, minimum opening deposits and ATMs to find a digital bank account that’s right for you.

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Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee Offer
NorthOne Business Banking
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Bonus
NorthOne Business Banking
N/A
$50
withdraw cash at any Cirrus branded ATM location (+1,000,000 locations accross the U.S + 2m worldwide), including MoneyPass ATMs
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Chime Checking account
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Chime Checking account
N/A
$0
60,000+ fee-free ATMs
$2.50
Get rid of fees with this financial app offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.
Aspiration Spend & Save Account
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Aspiration Spend & Save Account
5.00% on balances of $0 to $10,000
3.00% on balances of $0 to $10,000
$10
55,000+ free Allpoint ATMs worldwide
$0
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards.
Lili
Finder Rating: 4.6 / 5: ★★★★★
Lili
1.00%
$0
32,000 fee-free ATMs nationwide
$2.50
Small business owners and freelancers get paid up to two days early and can automatically set aside money for taxes with the Lili digital banking account.
Citi Priority Checking
Finder Rating: 3.4 / 5: ★★★★★
Bonus
Citi Priority Checking
N/A
$30,000
70,000+ fee-free ATMs in the U.S.
$2.50
Earn up to $2,000 when you open an eligible account and complete required activities.
Secure online banking and access to cash with one of the largest networks of fee-free ATMs in the US.
Varo
Finder Rating: 4.7 / 5: ★★★★★
Varo
N/A
$0
55,000 AllPoint ATMs around the world for free
$2.50
Earn $30 bonuses every time a friend signs up for an account and deposits at least $20 in one transaction
No monthly fees. No foreign transaction fees. No fees at 55,000+ Allpoint ATMs.
Upgrade Rewards Checking
Finder Rating: 4.3 / 5: ★★★★★
Upgrade Rewards Checking
N/A
$0
Upgrade will rebate ATM fees charged by another institution up to five times a month when you meet certain conditions.
$0
Earn up to 2% cash back on common everyday expenses, with a limit of up to $500 a year, plus 1% on other purchases
Juno
Finder Rating: 4.8 / 5: ★★★★★
Bonus
Juno
1.20% on balances of $0 to $5,000
0.25% on balances of $5,000.01+
$0
More than 85,000 ATMs nationwide
$0
Metal checking is free for the first 6 months
A free account for crypto and cash that earns a 1.2% bonus rate plus 5% cashback on purchases from participating retailers.
First Citizens Bank Free Checking
N/A
$50
1,100+ First Citizens Bank ATMs
$2.50
First Citizens Bank Free Checking stands out for its built-in finance tracking tool, Manage My Money. Available to residents in NC, SC, TN, AZ, CA, CO, FL, GA, KS, MD, MO, NM, OK, OR, TX, VA, WA, WV, and WI.
Yotta
Finder Rating: 4.8 / 5: ★★★★★
Bonus
Yotta
N/A
$0
over 55,000 free ATMs across the US
$0
When a friend signs up using your invite code, they get 100 tickets into next week's contest. Once they make their first deposit, you also get either 100 free tickets or potentially more if you have reached Silver, Gold, or Platinum status.
Increase your chances of winning up to $10 million in cash prizes every time you spend $10 with your Yotta debit card and for every $25 in your checking account.
Digit
Finder Rating: 3.4 / 5: ★★★★★
Digit
0.10% on balances of $0+
$0
Varies based on connected bank accounts
Digit savings is a microsavings app that helps you avoid overdrafts and passively set aside cash for short-term goals.
Cheese Rewards Checking
Finder Rating: 4 / 5: ★★★★★
Cheese Rewards Checking
3.00%
$0
over 33,000 MoneyPass ATMs
$0
The Cheese Rewards Checking account is a digital bank account and social cause platform designed for Asian-Americans and immigrants in the US.
Revolut
Finder Rating: 4.5 / 5: ★★★★★
Bonus
Revolut
0.07% on balances of +
0.05% on balances of to
$0
55,000+ surcharge-free in-network ATMs nationwide
$0
Just make one qualifying transaction of $1.00 or more with your Revolut card during the promotion period. The bonus will then be credited automatically.
Revolut is a global fintech that offers FDIC-insured deposit accounts, 10 free international transfers a month and, on its Premium plan, commission-free crypto trades up to $200,000 per month. Crypto deposits aren't FDIC insured.
Quontic Pay Ring
Quontic Pay Ring
N/A
$0
No access to ATMs
Quontic debit card evolved to a ring, contactless purchases with a simple tap of your hand.
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How to contact Sequin customer service?

When we called the phone number listed on Sequin‘s website, we couldn’t get through to customer service. Instead, we reached out to Sequin through email, and a customer service representative told us that emailing support@sequincard.com is the best way to get support.

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