The OpenSky® Secured Visa® Credit Card does not offer price protection. The OpenSky card’s lack of a price protection benefit is not uncommon these days, as more and more credit cards have dropped this perk. Recent advances in price-tracking technology have led to a dramatic increase in price protection claims, making the benefit too expensive for some issuers to sustain.
In general, credit card price protection allows cardholders to receive a refund for the difference between an item’s original purchase price and a lower price advertised within the following 60 to 120 days. Coverage amounts and excluded items vary, depending on the credit card issuer.
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.
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.
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.
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