The “Baseline Credit Score” is established in two phases. The first is at the point of rewards qualification (ie, initial deposit of at least $100.00). At qualification, the customer’s current credit score is their “Baseline Credit Score.” The second phase begins after the first 30-day rewards cycle. Then, the “Baseline Credit Score” becomes the highest score the customer has achieved at the end of any 30-day rewards cycle since qualification.
To determine if a customer has increased their credit score enough to earn the $10.00 or $100.00 dollar Cash Reward, we compare their Baseline Credit Score with the score they’ve achieved at the end of that particular 30-day rewards cycle. If the end-of-cycle score is 10+ or 100+ points up from the Baseline Credit Score, the customer will receive the Cash Reward of $10.00 or $100.00, respectively.
For example, if a customer qualifies for rewards on March 1 and has a credit score on that day of 650, 650 is the Baseline Credit Score. If, on March 30, the customer’s credit score has increased to 660 (a 10 point increase), the new Baseline Credit Score would be 660 and the customer would receive a $10.00 Cash Reward.
Note that the Baseline Credit Score can only increase and never decrease.
For example, if on April 30, the customer’s credit score has decreased from 660 to 655, the Baseline Credit Score would remain at 660 because the Baseline Credit Score does not decrease. To earn a Cash Reward on May 30, the customer’s credit score would have to increase to at least 670 to be eligible for Cash Rewards because the Baseline Credit Score remains at 660.
In addition, Credit Sesame does not take into account mid-cycle increases in credit scores that occur before the end of each 30-day reward period for Cash Rewards if that increase is not maintained at the end of the cycle. For example, if the Baseline Credit Score is 650 and then increases to 670 on day 15 of the 30-day rewards cycle, but drops back to 659 on day 30 of the rewards cycle, the customer would not receive a Cash Reward because the program only considers the customer’s credit score increase at the end of each 30-day rewards cycle compared to the Baseline Score.
Credit Sesame will deposit Cash Rewards to an eligible customer’s Sesame Cash account within ten (10) business days after the end of a qualifying 30-day rewards cycle for a Cash Reward.