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OpenSky® Secured Visa® Credit Card
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On Capital Bank N.A.'s secure site
Build Credit
OpenSky reports to all 3 major credit bureaus monthly
Credit Line
$200-$3000 Credit Line*
Regular Purchase APR
18.89% (variable)
Card Network
Annual Fee
$35
Credit Score Needed
Limited, Bad
Offer Details
  • No credit check to apply and find out instantly if you are approved

  • OpenSky gives everyone an opportunity to improve their credit with an 85% average approval rate for the past 5 years

  • Get considered for a credit line increase after 6 months, with no additional deposit required

  • You could be eligible for the OpenSky Gold Unsecured Card after as few as 6 months

  • Reports to all 3 major credit bureaus monthly, unlike a prepaid or debit card

  • View your FICO® Score through your OpenSky account, an easy way to stay on top of your credit

  • Nearly half of OpenSky cardholders who make on-time payments improve their FICO score 30+ points in the first 3 months

  • Your refundable* deposit, as low as $200, becomes your OpenSky Visa credit limit

  • Easy application, apply in less than 5 minutes right from your mobile device

  • Offer flexible payment due dates which allow you to choose any available due date that fits your payment schedule

  • *View the cardholder agreement

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All content is written by editorial staff or writers engaged by the site, not by marketers/sales staff. Editors responsible for producing the content are not in contact or affiliated with any advertiser and are not compensated based on success of the affiliate links. All decisions regarding recommendations are determined separately from advertising relationships. Any opinions, analyses, reviews or recommendations expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

OpenSky® Secured Visa® Credit Card Review

August 1, 2022

Who is the OpenSky® Secured Visa® Credit Card for?

If you’re new to opening a bank account or trying to establish credit, this could be the fit you’ve been looking for. This card is one of the best cards for new and inexperienced consumers. This card has the rare “no credit line” policy, meaning they won’t take your credit score into account when deciding whether or not to approve you for the card.

When you have this card, you don’t need any required bank accounts, have a lower ongoing APR, and a banking company that reports to all three of the major credit bureaus (TransUnion, Equifax, and Experian). These three things give card owners a lot of flexibility in what they can do with their spending. This is truly one of the few cards that all people look towards to build a larger line of credit and have great flexibility offerings.

Rewards Rate

Like most secured credit cards the OpenSky Secured Visa doesn’t have a rewards program - there are no points to earn or rewards to redeem. This card really is for those who are just starting out and trying to establish a great credit score.

Benefits and Credits

One of the great features of the OpenSky® Secured Visa® Credit Card is its APR. The purchase APR of 18.89% (variable) is relatively low compared to a lot of other credit cards. For those looking to make any big purchases, this should be very appealing.

The no credit check that this card offers is another huge bonus. With no need to worry about bad credit or non-existing credit, getting approval for this card is relatively easy. If you’re a recent college graduate looking for work, this card is great to start out with. If you’re currently in college and looking to get a head start on your finances of the future, opening a credit card connected to the three major credit bureaus would be a positive start to future personal finances.

One of the more interesting things about this card is its refundable deposit within the credit line limit. When first opening your account with this card, you must make a first deposit. This first deposit then becomes your credit line limit for this card (for those who don’t know what a credit line is, it’s the amount of money you can borrow from your bank if you need to take out a loan of some kind). You are able to deposit as low as $200 or as much as $3,000.

Welcome Bonus

While this card has no welcome bonuses, it is still a great starter card for those with lower credit scores.

Annual Fee

There is a $35 annual fee for owning this card which is never ideal, but with the other benefits this card offers, this $35 is spent on a great use.

Conclusion

If you have established credit and aren’t looking for anything to upgrade your credit score, this probably isn’t for you. If you’re someone who wants to get into a better credit score standing, either because you’ve never had one or because of some untimely purchases, this could be the card to set you on the right path.

You can apply for the OpenSky® Secured Visa® Credit Card online here.

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Editorial Disclaimer
All content is written by editorial staff or writers engaged by the site, not by marketers/sales staff. Editors responsible for producing the content are not in contact or affiliated with any advertiser and are not compensated based on success of the affiliate links. All decisions regarding recommendations are determined separately from advertising relationships. Any opinions, analyses, reviews or recommendations expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
Approval Odds
BestCreditCard calculates your approval odds by comparing your credit profile to other BestCreditCard members who were approved for this product. These approval odds are estimates only and do not guarantee approval. Credit card issuers use a variety of different types of credit scores and criteria to make credit decisions. The TransUnion credit score we provide is based on the VantageScore 3.0 model and may not be the credit scoring model used by financial institutions presenting offers on our website.