In addition, OpenSky comes with an embedded computer chip. Chip-based cards are considered to be more secure than magnetic stripe cards since they are much harder to duplicate.
The OpenSky Secured credit card is a decent choice for people with bad credit, since there is no credit check. So, your chances of getting approved are high. Plus, if you use it responsibly, it will surely help you rebuild your credit.
The OpenSky® Secured Visa® Credit Card is issued by Capital Bank, an FDIC-insured bank founded in 1999 and headquartered in Rockville, Maryland. The OpenSky credit card is intended for applicants with bad credit. Its key features are the opportunity to rebuild credit at a low cost, with no initial credit check. The annual fee is $35.… read full answer
This card has a WalletHub editor’s rating of 4/5. More details can be found in our full OpenSky card review.
Yes, the OpenSky® Secured Visa® Credit Card is legit. The OpenSky card is legit because it is issued by Capital Bank, a legitimate business that is an FDIC member and has a "B" rating with the Better Business Bureau. The OpenSky also reports information to the major credit bureaus each month.
It takes 1-3 months for OpenSky to improve your credit score, depending on how you manage the account. Nearly 50% of OpenSky cardholders who pay their bill on time in the first 3 months see credit score improvement of 30 points or more, according to the company.
There are a number of ways you can possibly improve your credit score in just a matter of weeks. For example, you could successfully dispute errors on your credit report, pay down credit card debt, or pay off collection accounts. Each of those steps could remove negative information from your credit report or add some positive info, either of which may benefit your credit score.
Simply paying your monthly bills on time will help, too, though a single on-time payment probably won’t improve your score very much. You need to consistently pay on time.
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