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OpenSky® Secured Visa® Credit Card
OpenSky® Secured Visa® Credit Card Review
This secured card is right in the middle in terms of rates and fees. The annual fee is pretty low compared to similar credit cards.
Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. The ratings are the expert opinion of our editors, and not influenced by any remuneration this site receives from card issuers.
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OpenSky® Secured Visa® Credit Card
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Apply Now
on Capital Bank, N.A.'s secure site
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OpenSky® Secured Visa® Credit Card
SIGN-UP BONUS
N/A
REWARDS RATE
Earn up to 10% cash back* on everyday purchases
Purchase APR
25.14% (variable)
Build Credit
Build credit quickly. OpenSky reports to all 3 major credit bureaus.
Flexible Due Date
Choose the due date that fits your schedule with flexible payment dates
Annual Fee
$35
Card Brand
Visa®
Recommended Credit Score
PoorHighlights
- New feature! Earn up to 10% cash back* on everyday purchases
- No credit check to apply. Zero credit risk to apply!
- Looking to build or rebuild your credit? 2 out of 3 OpenSky cardholders increase their credit score by an average of 41 points in just 3 months
- Get free monthly access to your FICO score in our mobile application
- Build your credit history across 3 major credit reporting agencies: Experian, Equifax, and TransUnion
- Add to your mobile wallet and make purchases using Apple Pay, Samsung Pay and Google Pay
- Fund your card with a low $200 refundable security deposit to get a $200 credit line
- Apply in less than 5 minutes with our mobile first application
- Choose the due date that fits your schedule with flexible payment dates
- Fund your security deposit over 60 days with the option to make partial payments
- Over 1.4 Million Cardholders Have Used OpenSky Secured Credit Card To Improve Their Credit
- *See Rewards Terms and Conditions for more information
Additional Info
Foreign Transaction Fee
N/A
Balance Transfer Fee
N/A
Expert Review
Editor's Overall Rating
Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. The ratings are the expert opinion of our editors, and not influenced by any remuneration this site receives from card issuers.
From the LendingTree editorial team, updated on Oct 24, 2024
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 start building their credit, with the minimum credit line being $200. They do report to credit bureaus, ensuring that you'll be able to build credit with responsible use.
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 25.14% (variable) and an annual fee of $35.
The terms and conditions of the card state penalty fees of Up to $40 . 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 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
- While this card does earn rewards, it does not come with many other bells and whistles. A secured card may not be your top choice, but it’s essential to building your credit.
The Bottom Line
This secured card is right in the middle in terms of rates and fees. The annual fee is pretty low compared to similar credit cards.
Editorial Note: This content is not provided by Capital Bank, N.A.. 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 Capital Bank, N.A..
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How LendingTree Gets Paid
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all credit cards available in the marketplace.
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on Discover's secure site
Rewards Rate
2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically
APRs
10.99% Intro APR for 6 months on balance transfers, then 27.74% Variable APR.
Rates and Fees
No annual fee, no late fee on your first late payment. No penalty APR.*
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on Applied Bank's secure site
Reports to Credit Bureaus
Build Credit When Used Responsibly
Regular APR
9.99% Low Fixed APR
No Penalty Rate
Your Rate Won’t Go Up Even if You Are Late
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on Merrick Bank's secure site
Credit Line
Upon approval, you’ll have an initial credit line based on your $200 -$3,000 deposit - It’s up to you!
Fraud Liability
$0 fraud liability for unauthorized charges.
Worldwide Acceptance
Use it anywhere Mastercard is accepted.
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