OpenSky® Secured Visa® Credit Card
Required Credit Score:
Limited History, Bad
Limited History, Bad
Minimum. Security Deposit:
$200
$200
Offered by:
Capital Bank
Apply Now
at Capital Bank's
secure site
secure site
OpenSky® Secured Visa® Credit Card's Key APRs & Fees
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ONE-TIME FEES
None
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ANNUAL FEE
$35
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MONTHLY FEE
None
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REGULAR RATE
18.14% (V)
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GRACE PERIOD
25 days
OpenSky® Secured Visa® Credit Card's Highlights
- Build Your Credit fast with our monthly reporting to all 3 major credit bureaus.
- Choose your credit line as low as $200 up to $3000, secured by a fully‐refundable* security deposit.
- Security deposit needs to be submitted before the credit card can be issued.
- No credit check necessary and no checking account required; apply in less than 5 minutes.
- Extra credit when you need it, increase your credit line up to $5000.
- Access to online financial education.
- *View our Cardholder Agreement located at the bottom of the application page for details of the card.
OpenSky® Secured Visa® Credit Card's Additional Info
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MAX LATE FEE
$27
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MAX OVERLIMIT FEE
None
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MAX PENALTY APR
22.25% (V)
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FOREIGN TRANSACTION
FEE
3%
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SMART CHIP
Yes, chip-and-signature
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CASH ADVANCE RATE
18.14% (V)
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CASH ADVANCE FEE
5% (min $6)
at Capital Bank's
secure site
secure site
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Customer Questions and Answers
Don't see what you're looking for? Submit your question about OpenSky® Secured Visa® Credit Card to our community.
What is the minimum age to apply? Can I get my 17-year-old daughter a card? Reply
Jun 16, 2017
You have to be at least 18 years old to get your own credit card account. So your daughter won’t be able to apply independently. But you can easily add her to your credit card account. This will help her build some credit history before she starts shopping for her own starter credit card.
We have an article on authorized users that you both may find useful: https://wallethub.com/edu/authorized-user/24717/ .
We have an article on authorized users that you both may find useful: https://wallethub.com/edu/authorized-user/24717/ .
Can it be used for renting a car?
Reply
Feb 13, 2017
Yes, the OpenSky Visa can be used everywhere Visa credit cards are accepted, including car rental agencies. With that being said, rental companies typically place a hold on your payment account to cover incidentals. So you’ll need to have enough money in your account to cover the hold as well as the initial rental fees. As a result, we recommend contacting the rental company ahead of time to determine how much money to load to your account. You might also want to bring a credit card as backup.
… read more
What are the payment methods?
Reply
I want to know more about the credit increase grant. Is it a yearly or quarterly thing? Can I deposit any amount of money each time? For example: $200 each year or quarter? Reply
May 3, 2016
You can request a credit limit increase at any time by calling OpenSky's customer care team at 267-317-4507. If approved, you’ll receive instructions on how to send the additional security deposit needed to fund the increase to your credit limit. Keep in mind that all credit line increases are subject to underwriting approval. Hope this helps!
After applying and paying the deposit, how long will it take to receive the card in mail?
Reply
OpenSky® Secured Visa® Credit Card Review: Editor’s Take
The OpenSky Visa is pretty much your average secured card, in many respects. It has a $35 annual fee, a $200 minimum deposit and an average APR. But there’s an important difference: The OpenSky Card doesn’t require a credit check. That makes it an excellent fallback option for people with severely damaged credit standing.- No credit check is great news for credit-rebuilders. Nearly all credit cards – including secured cards – require a credit check and have certain approval criteria that applicants must meet. For example, it can be difficult to get many secured cards if you have a recent bankruptcy or tax lien on your record. But that’s not the case with the OpenSky Credit Card. OpenSky simply needs to verify your identity. This saves you from a hard credit inquiry that could temporarily lower your credit score, while enabling you to begin adding positive information to your credit reports as soon as possible.
- $200 minimum security deposit. The OpenSky Visa is a secured credit card, which means you will be required to place a refundable security deposit, the amount of which will act as your credit limit. This limits the issuer’s risk, giving applicants higher approval odds and fairly low fees. At $200, OpenSky’s required security deposit is lower than that of most secured cards.
- $35 annual fee isn’t cheap or expensive. OpenSky’s annual fee is about average for a secured card, according to WalletHub data. So it isn’t necessarily a deal-breaker. But there are some secured cards with no annual fee, which you should definitely check out if your credit isn’t too severely damaged.
- There are more fees to watch out for. The OpenSky Secured Credit Card charges a 3% foreign-transaction fee.
- Below-average APR, but financing still isn’t wise. Carrying a balance from month to month with a secured card doesn’t make much sense because it’s basically the equivalent of charging yourself for a loan. But if you’re unable to pay your bill in full during a given month, at least your balance will accrue interest at a lower rate than it would with the average secured card. The OpenSky Visa has a slightly lower APR than the average secured card, according to WalletHub’s latest Credit Card Landscape Report.
May 30, 2017
OpenSky® Secured Visa® Credit Card Reviews
Share your insights and review the OpenSky® Secured Visa® Credit Card.
Jun 19, 2017
Card is great to build on, but if there are disputed charges on your card, don't expect them to reverse the charges. Instead you have to prove it! And in the meantime, your money is gone for charges unauthorized. Unlike my Discover or Cap1..They trust your telling the truth, and immediately reverse charges.
Comment
Jun 12, 2017
Terrible experience, did more harm than good. They then tried to take my $500 deposit when they failed to close my account the first time I asked them to which resulted in $24 worth of late fees that accrued when I thought the account had been closed. They informed me that I had to give up my $500 deposit as a charge off because the balance on the card from their fees when they failed to properly close my account when I asked them to.… read more
Jun 05, 2017
You should know that this pre-paid CC unlike Capital One or Discover (which both get 5 stars from me btw) NEVER give you and increase based on you credit usage; only on how much money you send them.
The will take your deposit straight from your bank account in like 72 hrs.
When I cancelled my credit with them I am here waiting still for my money back; and it has been 4 weeks.
When I called to ask why they could take my money in 72 hrs or less; but couldn't seem to get it back to me after 4 weeks???
They proceeded to tell me it could take 10 weeks to get my money back.
They also didn't report my excellent credit usage to the burea since April 2017
Now as I mentioned B4 I also got a CapitalOne and a Discover all prepaid $200 down to all 3 cards; I have since been refunded my money from both CapitalOne and Discover as well as given a unsecured credit from both 3-6x's what I started with a yr ago; trust me when I tell you THIS COMPANY IS NOT WORTH THE TIME OR MONEY.… read more
The will take your deposit straight from your bank account in like 72 hrs.
When I cancelled my credit with them I am here waiting still for my money back; and it has been 4 weeks.
When I called to ask why they could take my money in 72 hrs or less; but couldn't seem to get it back to me after 4 weeks???
They proceeded to tell me it could take 10 weeks to get my money back.
They also didn't report my excellent credit usage to the burea since April 2017
Now as I mentioned B4 I also got a CapitalOne and a Discover all prepaid $200 down to all 3 cards; I have since been refunded my money from both CapitalOne and Discover as well as given a unsecured credit from both 3-6x's what I started with a yr ago; trust me when I tell you THIS COMPANY IS NOT WORTH THE TIME OR MONEY.… read more
May 18, 2017
This card gave me the start I needed
I have since moved on to other cards thanks to the help these guys gave
I still have my open sky card sitting with a $0 balance thanks to the no fees this card allows
Thanks for the help
I'm about to close on my first home and it's all cause these guys helped me out when I needed it
Great card great experiance
I have since moved on to other cards thanks to the help these guys gave
I still have my open sky card sitting with a $0 balance thanks to the no fees this card allows
Thanks for the help
I'm about to close on my first home and it's all cause these guys helped me out when I needed it
Great card great experiance
May 18, 2017
Two years ago this was the only credit card that approved me. My credit was not good. As soon I was approved my credit score went up. I kept making the payment on time, and my limit was increased twice, hence my credit score keeps increasing. Now my credit score is much better. I am very happy with this card.
May 18, 2017
Im going to make this as simple and fast as possible, because i dont really write reviews about anything, but in this case i will because opensky has been good to me and because opensky raised my credit 100 dollars more without me depositing or doing nothing. Heres the story : I started with no credit, i applied at 3 different websites because i thought i was going to get approved, but i knew nothing about credit cards, so when i got denied i kept applying another one 2 weeks after, and got denied again, then applied again in a week then got denied again. Then someone told me that this could affect my credit hystory because the more i applied and got denied the less chances im going to get credit, i was very ingenuine and didnt knew nothing about credit cards. Then i decided to give it one more try just one with open sky credit card, because i knew i wasnt going to get a real credit card, until someone sees me that im responsible. this is an secured credit card that i applied for, and crossed my fingers to get approved. And Whalllaaaaa i got approved, THank you open sky for trusting me. I am a very responsible guy and dont like late payments, i made my payments even 18 days earlier, so i wont forget. In 3 months i asked for a credit raise, i started with 300 credit limit that i deposited, but i wanted more credit limit, so i asked for a raise like in 4 months or so, and got approved, then they told me to deposit 500 because i wanted to get 800 dollars credit limit. So i send the money and got 800 limit. After 6 months of paying on time, (sometimes 1 month early lol) open sky saw my payments that i made early and on time every month, and saw that i used it every month to buy things like 32 bucks or less because i kept it under 10% of the 800. You have to keep it at 9% or less of credit Utilazation for bestt credit. So i did that. And in 6 months i received an email saying , Dear Edwin, thank you for paying on time and because of that opensky has decided to reward me 100 dollars more without me depositing anything on my credit limit. I couldnt believe it. They are giving me 100 dollars more , instead of me giving them. Well thats the story, of everything that happened to me. Now its been 9 months, and i got 2 unsecured credit cards and still got this one opensky secured credit card. All because Opensky trusted me. I want to say Thanks Open Sky.… read more
May 15, 2017
Six months after filing chapter 7 bankruptcy, I applied for the OpenSky secured credit card with a $300 deposit and got approved after being declined by a few other credit card companies for a SECURED CREDIT CARD!. It has a $39 annual fee which is a small price to pay in my opinion. I used the card wisely and made my payments on time. I also kept my balance low (less than 50% of the limit) as I was working hard on getting a second chance at credit and trying not to repeat my past mistakes. My credit score started improving and went up about 80 points within 7 months. I recently got approved for a Discover it card with at $2400 credit line and a Capital One QuickSilver One with a $2000 credit line. I am wiser with credit and will use my cards responsibly. All this thanks to OpenSky helping me rebuild. There is definitely life after bankruptcy and I would recommend anyone to start with OpenSky!… read more
May 12, 2017
I have been working on improving my credit for about 1 year now. One of the first things I did was get the Open Sky Secured CC because they do not check your credit. I did not want an inquiry going against me and bring my scores down, so this card sounded perfect to me. I started with a $500 limit, then moved it up to $1,000 a few months later. This is a secured card as you know, and, yes, you have to deposit your money, and the amount you choose is your limit, but don't knock it! By getting this card, instantly my 3 credit bureau scores went up about 50 points each, and with careful use and prompt payments, this has helped me to bring 2 of my credit bureau scores up a total of 100 points and the other credit bureau has gone up 150 points in only 1 year! I know now that even though I have made credit mistakes in the past, there is possibility of fixing your credit. I have just gotten approved for an unsecured Mastercard, my scores keep going up, and the long-lost dream of purchasing my own home will become a reality before I know it! Thank you Open Sky!… read more
May 12, 2017
I applied for a open sky secured visa and was approved my credit score has improved. If you want to start fresh this is the card for you.
Apr 24, 2017
My big problem occurred when I cancelled the card and requested my deposit back. Initially they told me it takes from 4-6wks, plus 10 days mailing time to receive my deposit. After a month and a half I called back, and now they say it takes from 4-10wks to receive my deposit back! Why? The deposit is clearly due; there's been no charges. So why does it take 10 weeks? No answer; they just say that's in the contract I signed.… read more
Apr 20, 2017
I paid a deposit, but did not receive a card. The person I spoke to on the phone was not helpful, so I googled the company to find alternative contact methods. Then I saw numerous complaints and a C- score from the Better Business Bureau. I will be contesting the deposit with my bank since I believe this card to be a scam.
Mar 18, 2017
I have not got my open sky card yet I apply for one on March 4 2017 I made the deposit of 200. But no card
Mar 10, 2017
They get a 3 star from me ...only cause it's been so much fraud on my card that I barely use and they don't give you the money back and the process to dispute takes forever to the point everytime it happens I just don't care no more I just pay it back
No way to set up alerts so I can know when it's being used I definitely would find a better company
No way to set up alerts so I can know when it's being used I definitely would find a better company
Mar 10, 2017
I was looking for cards to build my credit and came across this. It has helped tremendously with my credit. The downside is it takes almost 2 weeks for my payments to post.
Mar 03, 2017
I had the most wonderful experience with Open Sky. I used the Visa card for about 8 or 9 months, paid my balance down to zero, and got my original $200.00 back in 6 weeks. PLUS my credit improved dramatically. Thank you Open Sky!
Feb 28, 2017
The very worst card to get. Started with 250 every month i pay with check over phone they take money out of the bank i have to wait sometimes 3 weeks... i also pay it 1-2 weeks early never late... everytime i have to call customer service and hold on phone... payed bill on 12th of February now 27th and waiting... capital one best option
Jan 20, 2017
Shady company
I applied for a secured credit card with maximum limit ($3000). They first charged my debit card before even starting the application process. They charged me on the same day when I applied.
Two days later, I was asked (via email) to submit additional documents. So, I uploaded scanned images of my current driver’s license and social security card. Their application did not have any option to include a different mailing address so along with the documents they requested, I also asked them to send me the card on my mailing address (PO Box) since I fear losing it on my physical home address (We receive tons of junk mail).
They sat on my documents again for another day before responding. Why shouldn’t they? They already took my money. The next day, I receive the exact same automated email asking for the same set of documents. Since I had already uploaded the documents, I called them back to inquire what they need this time. I was told that since I had not included the PO Box in my original application, I will now need to submit a letter from the post office stating that the PO Box belongs to me. This was ridiculous!
While I was going through this headache with them, I had also applied for a CapitalOne secured card and they were honest enough not to charge my deposit before going through the application with me. They must have done the credit check and although my credit was in 400s, I was approved and they already mailed me my card to my mailing address without requiring any letter from the post office.
Now, I am in the process of trying to get my money back. While talking with their customer service rep, I was promised a call back from a supervisor. No one called me back. Two days ago, I was told that my refund would show up in my back and it has been more than two days, I don’t see a refund. I am contacting my bank to dispute the charge.
Stay far away! I should have read all the negative reviews for this company before applying.… read more
I applied for a secured credit card with maximum limit ($3000). They first charged my debit card before even starting the application process. They charged me on the same day when I applied.
Two days later, I was asked (via email) to submit additional documents. So, I uploaded scanned images of my current driver’s license and social security card. Their application did not have any option to include a different mailing address so along with the documents they requested, I also asked them to send me the card on my mailing address (PO Box) since I fear losing it on my physical home address (We receive tons of junk mail).
They sat on my documents again for another day before responding. Why shouldn’t they? They already took my money. The next day, I receive the exact same automated email asking for the same set of documents. Since I had already uploaded the documents, I called them back to inquire what they need this time. I was told that since I had not included the PO Box in my original application, I will now need to submit a letter from the post office stating that the PO Box belongs to me. This was ridiculous!
While I was going through this headache with them, I had also applied for a CapitalOne secured card and they were honest enough not to charge my deposit before going through the application with me. They must have done the credit check and although my credit was in 400s, I was approved and they already mailed me my card to my mailing address without requiring any letter from the post office.
Now, I am in the process of trying to get my money back. While talking with their customer service rep, I was promised a call back from a supervisor. No one called me back. Two days ago, I was told that my refund would show up in my back and it has been more than two days, I don’t see a refund. I am contacting my bank to dispute the charge.
Stay far away! I should have read all the negative reviews for this company before applying.… read more
Jan 16, 2017
Everyone please stay away from open sky. They going to steal all your money. I tried them with a $200 dollars deposit and I never spend a dime of it but I just check my balance and it says $ 96. I know my payment due date is on the 28th so I am going to call them tomorrow to get an explanation.
Jul 01, 2016
I have a open sky card for almost 2 months and they still haven't reported to the bureaus.
Jun 17, 2016
when I applied they ran out of cards to send. Then they charged me a late fee when I didn't even have the card yet. Then because of that increased my interest rate. All before I ever had the card. Once I used I paid in full the dame week by my debit card. Yet it has taken them over a week of holding funds so still cannot use. Not a good way to start this process.… read more
Jun 07, 2016
The customer service is horrible, very rude and unclear with their expections on how to use the card. They tell you different answers when you ask questions and hang up on you after your done. Your only allowed to take off 100 in one day which is stupid to me and they charge you a fee with the ATM. I will never refer anyone to this card due to the customer service they have miserable people to answer their calls… read more
Jun 03, 2016
Do not get this card they will not help your credit in fact they will ruin it had a 640 before getting this card I've made my payments weeks before the statement due date so far they have cost me 90 points off my credit score I now have a 550 also they have charged me over a hundred dollars in fees phone fees for processing payments I made weeks earlier late fees on on bills paid weeks prior to due date you can't even pay your bill without a checking account and unless you pay your bill 2 months prior to due date and contact them at least 3 times and pay a 10 processing fee then your gonna receive another 25 dollar late fee and they report to your credit bureau on the last day of the month and don't release statements till the third so they will always show late fees and payments not made every month then apply the payment after this is the worst company I have ever seen in 30 years please if you have made past credit mistakes don't make this one stay far away from this company… read more
May 17, 2016
I've had this card since November 2015 and have had no issues. I applied for the card and got approved, the card arrived in about a week and a half. I put $200 on it and i only spend 30% of it each month ($60). A week before my due date i pay $50 instead of the minimum payment. I always leave about $10 on it each month, to show the credit companies that i am utilizing the card, and that i am not dependent on the money. This is a great way to get your credit back on track, my credit has improved drastically since.… read more
Apr 14, 2016
I would love to review this card but haven't received it yet! they put my address in incorrectly and reissued a card and still have not gotten it and now they send me a bill for the annual fee on a card that I haven't even gotten yet and I can't pay because I don't have the acct # since I don't have the card and you call and get put on hold forever!
Apr 11, 2016
I applied for this card Feb 2016. I deposited $200 and it took about 5 days for the deposit to go through. I waited 2 weeks for the card, and during the wait I noticed that my credit score went up 65 points on Equifax, 51 points on Experian, and 51 points on Transunion. So far so good. Remember only utilize up to 18% and pay it off before the end of the month. Best wishes!!… read more
06/10/16
You're lying. Everyones credit score is updated on a monthly basis, depending on your credit standing. But a good credit score is built on years of responsible habits, so your score jumping drastically like that is impossible, other wise we'd all have excellent credit. Nice try
06/12/16
Jody, its true. there is no lie. I was in a car accident, (passenger, hired a lawyer he missed the statue of limitations, medical bills went on my credit as a result dropped me to 508) My husband added me as an authorized user and my score jumped 111 points in one day. (the minute I was added) no credit check. you score can be bumped up in a number of ways.
Apr 07, 2016
This card is a joke!!! I have a low credit score because I pay for everything in cash. Many years ago, I spent way to much time worrying about the money I owed and fearing it may be taken away if I could not pay. Now everything I have is paid for and I am proud of that. I always pay rent and utilities on time and drive an older car that I could afford to buy outright. I have refused to pay my hard-earned money to fees and interest rates. The whole idea that one has to already be in debt to have good credit in order obtain a home loan is ridiculous to me. That being said, I am now wanting to purchase a home. I was forced to play the game and build a credit score. I chose a prepaid card so I could use my own money, instead of "borrowing". After receiving my first bill (for the annual fee), I tried (and failed) to access my account online with my phone. After calling them, I learned one must have a COMPUTER to make an online payment. If I choose to call to make payments, I will be charged $10 each time. What??? Rip off!!! Now my credit score is even lower for opening a "new" account and I am being financially taken advantage of for not owning a computer. In this age of online phone use, this policy is unacceptable!!! I will also have to wait 6 weeks or more to receive my deposit back if I close my account. Why??? They didn't have to wait 6 weeks to receive it!!! This is why I HATE the credit game.… read more
Mar 05, 2016
STAY AWAY from this card! I have had it since Oct of 2015 payments take several days to even post to your account like a week at least! Now all of a sudden I have mysterious charges on my account from them & they can't seem to give me a straight answer! There are reputable companies out there with secured cards go for those. I was dumb enough to fall for credit karmas insisting on this one BIG MISTAKE! paying this crappy card off and closing account ASAP!… read more
Dec 17, 2015
THIS IS THE WORST COMPANY IVE EVER DEALT WITH IN MY LIFE!!! I do not have good credit and was perfectly happy with the interest rates to help build it back. I paid the 200 dollar deposit and started using the card. After the first month they said my payment was reversed because of insufficient funds(I have more than enough in my account). The next month they said the same thing and sent me a letter saying they are going to report it! So I went to my bank and had the banker confirm the right account and routing number and they still couldn't get it to work and said I had to send a cashiers check. After 3 months of dealing with this crap I decided to close my account and send them the balance. They told me I needed to send my balance of 198 to get my deposit of 200 returned. Which of course I'm going to do because I don't want anything worse on my credit. They said it would take 4 to 6 weeks for the return of my money and I was perfectly fine with that. It's been two months and I finally called to check on the status, they said they haven't refunded anything because there's a 33 cent balance on my account!!! After numerous phone calls of nobody that could help with anything I HIGHLY SUGGEST USING ANY OTHER CREDIT CARD!!!!!! PLEASE DO NOT USE THIS COMPANY!!!!!!!!!!!!!!!!… read more
Nov 05, 2015
I avoided credit cards and the entire crediting system for a few years because I was simply terrified of what I did with my credit in my youth... I went on Credit Karma and yes it was a mess. (Low 500s) I applied for the open sky card and did the 200 minimal and within 3 months my numbers were moving up... Its been less then a year but I have cracked the 580 range and just received my first unsecured card since I was in my early twenties... Open Sky works well just use it by the book and pay it every month...Only down side is it takes a weak to show a payment posted but they do post date from the time it was received. Maybe in another year I can get a home for my family but Open Sky is a good start.… read more
Oct 12, 2015
I think this Open Sky Secure card is a great deal for a secured card. There are no upfront " processing fees" and the anual rate is reasonable considering the intersest rate. Capiital one does not charge for an anual fee but they charge 7% more in interest. The fact they report to the credit beaureus is the real reason to be getting this kind of card that that is great.
Aug 31, 2015
I had this card for a year and while having the card everything was ok. I paid on time and my credit did improve. When I did finally decide that the card was no longer needed I paid the balance and waited for my deposit to be refunded. after 6 weeks I called and they said it had been mailed but to the wrong address. I had updated my address 6 months prior and was receiving statements at my new address. so BS. Ok moved on and they said they were going to send the check to my new address. 4 weeks later, no refund check. I called back, on the phone for 45 minutes to find out they had charged me a late fee for 2 months after the card was closed. Also the said unless I paid it then I wouldn't receive my refund back. BS. What choice do I have but to pay it to get my $500 back. I have to say this is the worst experience I've ever had with a Credit card. So the low annual fee and relative low APR for this type of card is not worth it. They'll rob you somehow. I'm beside myself with anger at their predatory ways.… read more
Aug 10, 2015
The annual fee on this card is lower than most for people with bad credit. It's also secured, which can be a good or a bad thing, depending on your finances. On one hand, it's nice to be able to control your credit limit, but on the other that is money out of your pocket that you may not have had. I have docked this review one star because of the amount of little "add on" fees associated with your account. There are other secured cards out there that have fewer fees. The interest rate sucks, but thats to be expected. As with all secured cards, there is no credit check. Your credit is the secured deposit that you put down. I do like the unique feature that if you put down $200, you get a $400 limit. That is a bit different. Overall, this card is not a bad deal for someone with bad credit, but there are better ones out there, so make sure you shop around.… read more
Jul 14, 2015
I really liked having to put down a set amount of money to set my limit. It made me feel secure in the aspect that I wouldn't overspend since this was my first credit card. It's really great for people who haven't had a credit card before and is fairly simple to set up. Basically anyone can get it since they don't require a credit check so that was a big plus for me at the time since I had no credit at all. The only thing I don't like is all the extra little fees that tack on, like $25 to deposit money. It adds up quick but if you don't plan to use it often then it's a good card to have.… read more
Jun 30, 2015
I obtained an Open Sky Secured Visa Card during college to help build up my credit. The card was easy to get because there is no credit check, however you have to put money down in order to get a line of credit extended. Compared to other cards, like the Capital One Platinum Card, the Open Sky Visa really does not offer much. While it is easy to get, there seems to be an extra fee involved in just about everything. You have to pay $25 each time you add to the deposit and there is an extra annual fee to the card as well. It seems they try to charge you a fee for everything related to the card. However, the card does have a pretty fair interest rate compared to other similar cards. Overall, I'd say this card is decent for those trying to build up their credit but to be careful of all the extra fees and charges you can easily accumulate.… read more
May 24, 2015
Overall not too bad, the no credit check definitely made it easier to handle since inquiries can really add up. It took them a while to take the funds for the collateral account, and then about two weeks for the card to arrive, but I was able to use it the same day it arrived. I had absolutely no problems with the card until I noticed that they were not reporting every month as advertised, they would often go several months without reporting. I made a major purchase with my card, which didn't use more than 10% of my limit, however when I tried to charge $140 to the card after paying off the balance in full, I was declined. When I called their customer service I was told very rudely "You just made a payment and it hasn't processed on our end yet" even though the payment was made 5 days prior to the new charge attempt. I blew it off and stopped paying through them and started using my banks bill pay. No issues after doing that. I later moved, I submitted a change of address with the USPS and changed my address with OpenSky, however for several months I was still receiving my paper statement with the yellow USPS sticker for forwarded addresses on it. I called several times and they assured me that my address change was successful. It still hasn't corrected over a year later. At a separate point, I had noticed I had almost forgot to pay my bill, it was due that day, so I called them after several failed attempts at logging into their system on my phone, to make a payment since we were without power, I explained to the lady on the phone the circumstances and she advised me there was a charge for taking payment over the phone. I again explained I couldn't access the portal through my phone and I didn't have power, she requested I try to access the portal again once we had power, I explained that someone struck a utility pole with their car and several areas of town were without power and the electric company had no idea when power would be restored. It took 15 minutes with her, and a talk with her supervisor to waive the charge and take my payment. Several months later I tried to use my card after not using it for two months, it was declined. I hadn't missed a payment and was very confused, so I called and spoke with customer service who told me that they tried to send me mail and it was returned, they sent it to my previous address, even after assuring me that my change of address was successful. It took nearly 45 minutes to clear up the mess and then only to find out that they did have the correct address. As of today, I called and spoke with someone, I asked a very simple question "Who do I talk to about closing my account" my answer was, and I'm quoting exactly, "You need to call Open Sky on Tuesday and talk to them." I got very concerned, I dialed the number on the back of my card, gave personal information to the rep, and verified my card number with her. I asked her "I have to call Open Sky? What do you mean? Who are you?" my response was exactly "I'm Patty, in Card Member Services, thats who the HELL I am." I asked her to verify her name, and then asked to speak with her supervisor, she immediately disconnected the call. When I called back in, the gentleman I spoke with claimed to be a supervisor, though I severely doubt he was, he assured me he sent an email to this Patty persons supervisor explaining what had happened. I have never been treated so poorly as a customer, or had so many issues, I immediately applied for a new secured card through my bank and will never suggest this company to anyone. They are just fine if you don't move, don't use your card often, or never need to call customer service as long as you're a card holder, other than that I wouldn't let my own mother accept this card, now my mother in law, I would give it to her with a big bow on it.… read more
May 14, 2015
The Open Sky Secured Visa Credit Card is a great choice for anyone who is beginning to build up their credit, for instance a college undergraduate or someone who has worked with paper most their lives. It has an interesting way of working things with they way it determines your credit line which makes it very easy for someone new to play it safe and build that credit. Compared to other credit cards it doesn't offer the best terms and rates, especially with the $25 deposit fee, but if you are not going to use it much then I highly recommend it.… read more
Apr 27, 2015
The Open Sky Secured Credit card is an interesting concept. It's kind of a hybrid between a reloadable credit card and a standard card. To obtain credit, you have to put money down. For example, you put 200 down as a deposit, and have up to 400 in credit as a result.
This allows people with no or poor credit to build up a history. Unfortunately this card has a 25 dollar fee each time you add funds to it. This really adds to the cost over time. If you can't get anything else, it's an alright choice. But even so, you'll save more by getting something else as soon as you're able.
You'd be better off looking at something like the Mastercard Prepaid Credit Card which won't nickle and dime you like this one.… read more
This allows people with no or poor credit to build up a history. Unfortunately this card has a 25 dollar fee each time you add funds to it. This really adds to the cost over time. If you can't get anything else, it's an alright choice. But even so, you'll save more by getting something else as soon as you're able.
You'd be better off looking at something like the Mastercard Prepaid Credit Card which won't nickle and dime you like this one.… read more
Apr 17, 2015
if I put $200 down for the deposit do I have $400 a credit limit
05/27/15
Your credit limit will be equal to the security deposit. So, if put down $200, then your credit limit will also be $200.
09/06/15
They take the 29$ annusl fee off the top.so if you give them 200$ you get a card eith 171$ balance.
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Last updated on: May 30th, 2017 at 18:49
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WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: May 30th, 2017 at 18:49 ET