Is OpenSky Secured a safe credit card?

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.… read full answer

Why The OpenSky Card is Legit

• Issued by Capital Bank, FDIC member with a "B" rating from the Better Business Bureau.
• Rated 4/5 stars by WalletHub editors.
• 3.5 / 5 average user rating on WalletHub.
• Reports to ALL THREE of the major credit bureaus: Equifax, Experian, and TransUnion.
• $0 fraud liability guarantee.

In addition, the OpenSky card is legit because it’s on the Visa credit card network, meaning you can use the card anywhere Visa credit cards are accepted.

Credit card companies report account information to the credit bureaus on a monthly basis, and new accounts typically show up on your credit reports within 30 to 60 days of approval.

However, it’s possible to improve your credit score in a matter of weeks. For example, you could successfully dispute errors on your credit report… read full answer, pay down credit card debt, or pay off collections 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.

You can learn how long it takes to improve credit here, and if you want a more-personalized credit-improvement forecast, just sign up for a free WalletHub account and check out your Credit Analysis.