Chip Lupo, Credit Card Writer
@CLoop
Opensky secured credit cards are good for building credit because they report to the three major credit bureaus each month, which helps you build credit as long as you pay your bills on time. Plus, opensky secured cards have no credit check, so you can apply even if you’re just starting out or rebuilding your credit.
Best Way to Build Credit With an opensky Card
- Use less than 30% of your credit limit each month (ideally 1% to 10%).
- Make at least the minimum payment required by the due date every month.
- Pay off your full balance every month, if possible, in order to avoid interest.
Ultimately, whether a credit card helps you build credit relies mostly on your own behavior, but the opensky card is easy to obtain and won’t hold you back. For more options, check out WalletHub’s picks for the best credit cards to build credit.
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People also ask
How fast can I build credit with opensky?
You can begin to build credit with the opensky as fast as 30 to 60 days after opening an account, when it’s first reported to the credit bureaus. Paying the monthly bills on time should then result in more significant credit score improvement. Nearly half of users who pay on time improve their score by 30+ points in about three months.
To get a better idea of how fast you will be able to...
read full answer by Ryan P Page, Staff WriterHow can I get an opensky credit limit increase?
You can get an opensky credit limit increase by making a request through your online account and adding more funds to your security deposit if you're approved. opensky does give credit limit increases, but you must request them.
How to Get an opensky Credit Limit Increase
- Log in to your opensky online account.
- Choose the "Request Credit Line Increase" option in the "Account Services" section.
- Submit your request.
- If approved, you’ll...
When can I get my opensky credit card deposit refunded?
You can get your opensky Credit Card deposit refunded within 8 weeks after the closure of your deposit account.
Your deposit account will be closed after you settle all outstanding balances.
read full answer by James Bronzz, WalletHub AnalystDid we answer your question?
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