The OpenSky exchange rate is Visa’s exchange rate on the date you make a purchase, plus any foreign transaction fees. While Visa exchange rates change daily, the OpenSky foreign fee is always 3% of the transaction.
It’s best to use a credit card with no foreign transaction fee when making purchases from international merchants. As long as you have such a card and avoid dynamic currency conversion, the exchange rates you’ll pay on international spending with a credit card will be much lower than those you’d get from converting cash with banks, credit unions, or airport currency exchange services.
It can take up to 50 business days to get your OpenSky credit card deposit refunded. That is normal for secured card cards since they want to make sure you don't have any auto pays that attempt to charge after closure.
You can get a OpenSky credit limit increase by requesting it through your online account and if approved, adding more funds to your security deposit. OpenSky does give credit limit increases, but you must request them.
You can cancel your OpenSky credit card by calling their customer service 24/7 at 1-800-859-6412.
You can also do it by sending a mail to:
OpenSky Card Services PO Box 9224 Old Bethpage, NY 11804-9224
Your security deposit will be refunded to you by mail once your account is closed and your balance is paid in full. This process could take up to 6 weeks. But OpenSky could also use your security deposit to pay down your outstanding balance.… read full answer
Keep in mind, that cancelling a credit card could negatively affect your credit score! Most of the time it’s best to just leave it open and unused.
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