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OpenSky® Secured Visa® Credit Card

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OpenSky® Secured Visa® Credit Card

 

Rated 3.5/5 stars by our editorial team

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Your Rating:

3.1/5.0 from 11 Offer Ratings
Over the Past 60 Days!

(11) Over the Past 60 Days!

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  • Regular Purchase APR

    17.39% (variable)

  • Intro Purchase APR

    N/A

  • Intro BT APR

    N/A

  • Typical Credit Needed

    549

    600

    660

    720

    850

  • Annual Fee

    $35

  • Card Brand

    Visa®

Highlights

  • Click "APPLY NOW" to apply online
  • No credit check necessary to apply. OpenSky believes in giving an opportunity to everyone.
  • The refundable* deposit you provide becomes your credit line limit on your Visa card. Choose it yourself, from as low as $200.
  • Build credit quickly. OpenSky reports to all 3 major credit bureaus.
  • 99% of our customers who started without a credit score earned a credit score record with the credit bureaus in as little as 6 months.
  • We have a Facebook community of people just like you; there is a forum for shared experiences, and insights from others on our Facebook Fan page. (Search “OpenSky Card” in Facebook.)
  • *View our Cardholder Agreement located at the bottom of the application page for details of the card

Card Fees

  • Foreign Transaction Fee

    3% of each Transaction in U.S. dollars

  • Balance Transfer Fee

    N/A

  • Cash Advance Fee

    $6 or 5% of the amount of each Cash Advance; whichever is greater

Additional Card Details

  • $0 Fraud Liability

    No

  • Auto Rental Insurance

    No

  • Extended Warranty Program

    No

  • Roadside Assistance

    No

  • Purchase Protection

    No

  • Travel Assistance

    No

  • Flight Accident Insurance

    No

  • Lost Luggage Reimbursement

    No

  • Concierge Service

    No


Expert Reviews

  • Regular APR

    4.0

  • Intro APR

  • Fees

    4.0

  • Benefits

    1.0

  • Overall Rating

    3.5 /5

From the LendingTree.com Editorial Team

A secured card is a great option for those who are looking to improve their credit, but can’t get approved for a traditional unsecured credit card, or, for those who wish to have a higher credit line that other issuers simply can’t give them. The OpenSky® Secured Visa® Credit Card allows their card holders to have a credit line as high as $3,000 (subject to approval), which is a bit higher than other secured cards, with the minimum being $200. Like most secured cards there’s not much you’re going to get in terms of rewards, points or cash back, but they do report to credit bureaus, ensuring that you'll be able to build credit with responsible use.

One great perk that makes this credit card stand out is that there is no credit check necessary to open an account. The online application is quick and easy and applicants do not need to have a checking account to get approved. Fees that are attached with this card are pretty typical with the APR at 17.39% (variable) and an annual fee of $35.

The terms and conditions of the card state penalty fees of up to $38 for a late payment and up to $25 for a returned payment if you fail to meet the due date, exceed your credit line, or have a returned payment. A deposit is required at the time of application since approvals are instant and no checking account is required. This card will work anywhere Visa is accepted. 

The Bottom Line

This secured card is right in the middle in terms of rates and fees. The annual fee is pretty low compare to similar credit cards.

The Good

There is no credit check necessary and you don't need a checking account either. A low annual fee and the potential for a high credit line makes this a great choice if you're looking for a solid secured credit card.

The Not So Good

If you’re looking for a card with rewards, points, or cash back, this isn’t the card for you. A secured card may not be your top choice, but it’s essential to building your credit.


Editorial Note: This content is not provided by OpenSky. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by OpenSky.

Expert Reviews of the OpenSky® Secured Visa® Credit Card

  • Regular APR

    4.0

  • Intro APR

  • Fees

    4.0

  • Benefits

    1.0

  • Overall Rating

    3.5 /5


Consumer Reviews 11 Reviews

Offer Rating

3.1 out of 5.0

5 Star
 
 
(1)
4 Star
 
 
(2)
3 Star
 
 
(6)
2 Star
 
 
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1 Star
 
 
(1)

Your Rating

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