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The opensky® Secured Visa® Credit Card is issued by Capital Bank, an FDIC-insured bank founded in 1999 and headquartered in Rockville, Maryland. Other Capital Bank credit cards include the opensky® Plus Secured Visa® Credit Card and opensky® Launch Secured Visa® Credit Card.
The opensky is intended for applicants with Bad credit. Its key features are up to 10% cash back on purchases made with your opensky card at eligible merchants, and no initial credit check. The annual fee is $35.
If you want to learn more about the opensky, you can read WalletHub's full editorial review.
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What is considered a "major credit card"?
Major credit cards are any cards that belong to one of the big four credit card networks: Visa, Mastercard, American Express and Discover. That’s what stores mean by “we accept all major credit cards.” A major credit card will almost always show the logo of its network on the front. In some cases it’ll be on the back. If a card doesn’t have such a logo, it’s likely a store card that can only be used at a...
read full answer by WalletHub, Financial CompanyWhat is the difference between bad credit and no credit?
The main differences between bad credit and no credit are access and cost. It’s easier to get a credit card, loan, apartment rental, car lease and more with no credit history than it is with a bad credit score. Additionally, people with no credit tend to get more favorable terms – rates, fees, rewards, etc. – when borrowing than those with bad credit.
The easiest way to find out which credit category you fit into is to check your latest credit score for free on WalletHub....
read full answer by WalletHub, Financial CompanyWhat are the best credit cards for bad credit with no deposit and instant approval?
The best credit card for bad credit with no deposit and instant approval is the OneMain Financial BrightWay® Card. It comes with a credit line of at least $300 and offers 1% cash back on all purchases. You can also apply online, after checking to see if you're pre-approved. However, the OneMain Financial BrightWay® Card is not available in all states.
Keep in mind that while there is a possibility of instant approval with most cards you can apply for online, it's never guaranteed. Instant approval tends to happen when your credit and income are better than the card's requirements. Sometimes, issuers may take longer to review a credit card application. There are a few other credit cards for bad credit with no deposit (known as unsecured cards) with instant approval, that are worth considering.
Best Credit Cards for Bad Credit with No Deposit and Instant Approval
Minimum Credit Limit: $500
Ongoing Rewards: 2% Cash back on every payment
Annual Fee: $0
Credit Score: Bad
Minimum Credit Limit: $300
Ongoing Rewards: 1% cash back on all purchases
Annual Fee: $0 - $89
Credit Score: Bad
Minimum Credit Limit: N/A
Ongoing Rewards: 5% cash back on subscriptions (such as Netflix and Hulu), and 3% cash back on gas, food delivery, coffee shops and more
Annual Fee: $0
Credit Score: Bad
Minimum Credit Limit: $300
Ongoing Rewards: 1% cash back on all purchases, after paying the card’s bill
Annual Fee: $75 1st yr, $48 after
Credit Score: Bad
Keep in mind that unsecured credit cards for bad credit tend...
read full answer by Adrian Kaplan, WalletHub Credit Card ConsultantDid we answer your question?
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