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OpenSky® Secured Visa® Credit Card

Ongoing APR
17.50% Variable
Setup Fee
Reports to Major Credit Bureaus?
Expert Rating: 4.65 / 5 stars

OpenSky® Secured Visa® Credit Card Summary

  • Build Your Credit fast with our monthly reporting to all 3 major credit bureaus.

  • Choose your credit line as low as $200 up to $3000, secured by a fully-refundable* security deposit.

  • Security deposit needs to be submitted before the credit card can be issued.

  • No credit check necessary and no checking account required; apply in less than 5 minutes.

Creditnet's Full Review

OpenSky® Secured Visa® Credit Card is a card targeted at consumers hoping to build or improve their credit.

Like all secured credit cards, this Visa card requires a fully-refundable security deposit up front that guarantees a cardholder's credit line. There is an annual fee - recently lowered to just $29 a year - and this card has a proven track record of building credit with responsible credit card use.

Read below for what we like - and don't like - about this secured card from OpenSky.

Creditnet's Expert Rating & Review

by on October 10, 2015

Expert Rating: 4.65 / 5 stars
Favorite Card Features:

This secured credit card from Capital Bank is an excellent card for credit repair, and it's a great fit for bad credit consumers hoping to begin the journey towards a better credit score.

Least Favorite Features:

The OpenSky® Secured Visa Card® requires a minimum deposit of $200. However, this deposit is fully refundable and guarantees your line of credit.

Our Final Take:

Overall, this is a secured credit card that - when used responsibly - can help build your credit over several months of on-time payments. This credit card reports to the three major credit bureaus, and is a legitimate credit-building tool for bad or no credit consumers.

Offer details may have changed since the last update of the information on this page. Please see Fees, Terms & Conditions for updated and complete information.

Purchase Rates
Intro APR: N/A Credit Required: bad
Intro Period: N/A Set Up Fee N/A*
Ongoing APR: 17.50% Variable Annual Fee $29
Penalty APR: 21.50%
Balance Transfer
Intro APR✝: N/A
Intro Period: N/A
Ongoing APR: 17.50% Variable
Transfer Fee: 5% of the amount of each Balance Transfer

User Reviews

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Average user reviews

Based on 1 review

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ElectroW's picture
This is the only review written by this user
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Average: 3 (1 vote)
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ElectroW Would recommend to a friend.
Helpful to 0 out of 0 people
Reviewed on: Wed, 2015-02-18 09:32
This is a decent beginner card with very high approval rating. Mine was around 560 when they approved me with a dozen missed payments caused by student loans I couldn't pay off. Still got approved. However this card has an annual fee and it will never grow unless you add a deposit. There are no rewards. If you are desperate and want a card that will approve you and has a reliable website this might be for you!   Check out Nerdwallet.com & CreditKarma.com both free websites that are amazing at tracking credit management.
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