Does Opensky report as secured? This question is about the OpenSky® Secured Visa® Credit Card

Does Opensky report as secured?

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This question is about the OpenSky® Secured Visa® Credit Card

WalletHub, Financial Company

@WalletHub • 09/20/21 This answer was first published on 12/01/16 and it was last updated on 09/20/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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No, OpenSky doesn’t report as secured to credit bureaus. In fact, no secured credit card gets reported as "secured"; both secured and unsecured get reported the same way.

What is also worth noting is that OpenSky reports monthly to all three major credit bureaus; Equifax, Experian and TransUnion. So, paying your bill by the due date each month and staying well below your credit limit can help you build your credit and set yourself up for a better financial future.

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What is the OpenSky Card credit score requirement?

The OpenSky Card does not have a credit score requirement because it doesn’t do a credit check. While your credit score won’t impact your approval odds, the OpenSky Card does require you to be at least 18 years old, have a Social Security number, and earn enough income to make minimum monthly payments.… read full answer

Like all no-credit-check credit cards, the OpenSky Card is a secured card, meaning it also requires a refundable security deposit for approval. You can learn about other no credit check credit cards on WalletHub.

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When does OpenSky report to the credit bureaus?

The OpenSky® Secured Visa® Credit Card reports to the credit bureaus monthly, within days after the end of a cardholder’s monthly billing period. OpenSky reports the card’s credit limit, account balance, payment history, and more to all three of the major credit bureaus: TransUnion, Equifax, and Experian. Capital Bank may use a specific credit bureau more than another, depending on the applicant’s home state, and other factors.… read full answer

Once OpenSky reports your account information to a credit bureau, it may take a few days before the updates appear on your credit report. New OpenSky cardholders may not see any new credit account info on their credit report for one or two billing periods after getting a card.

If you’d like to review your up-to-date credit score and TransUnion credit report, you can sign up for a free account on WalletHub. That way, you’ll be able to check every day to see if there’s any new information about the OpenSky on your credit report.

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