Minimum Credit Score Needed 
Limited History
OpenSky® Secured Visa® Credit Card
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.
John Kiernan, Credit Card Editor
Jan 7, 2019
OpenSky® Secured Visa® Credit Card Review
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.
Jan 7, 2019
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
19.39% (V)
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GRACE PERIOD
25 days
OpenSky® Secured Visa® Credit Card's Highlights
- No credit check necessary to apply. OpenSky believes in giving an opportunity to everyone.
- The refundable* deposit you provide becomes your credit line limit on your Visa card. Choose it yourself, from as low as $200.
- Build credit quickly. OpenSky reports to all 3 major credit bureaus.
- 99% of our customers who started without a credit score earned a credit score record with the credit bureaus in as little as 6 months.
- We have a Facebook community of people just like you; there is a forum for shared experiences, and insights from others on our Facebook Fan page. (Search “OpenSky Card” in Facebook.)
- OpenSky provides credit tips and a dedicated credit education page on our website to support you along the way.
- *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
None
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FOREIGN TRANSACTION
FEE
3%
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SMART CHIP
Yes, chip-and-signature
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CASH ADVANCE APR
19.39% (V)
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CASH ADVANCE FEE
5% (min $6)
at Capital Bank's secure site
Related Credit Card Categories
OpenSky® Secured Visa® Credit Card is related to the following categories:
Customer Questions and Answers
Don't see what you're looking for? Submit your question about OpenSky® Secured Visa® Credit Card to our community.
How do I cancel my OpenSky credit card? Reply 84
WalletHub
Feb 8, 2017 · @WalletHub
You can cancel your card by calling customer service at 800-859-6412. However, we recommend checking out our article „Canceling Credit Cards: Should You Do It & How to Avoid Credit Score Damage” before doing so: https://wallethub.com/edu/canceling-unused-credit-cards-and-credit-scores/25563/.
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Upvotes
When will I get my deposit back? Reply 96
WalletHub
Mar 1, 2017 · @WalletHub
You will get your security deposit back when you close your account. Until then, the deposit will serve as collateral, ensuring OpenSky gets paid back for any balances you incur.
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Upvotes
Can your application be rejected? Reply 86
WalletHub
Dec 1, 2016 · @WalletHub
As with any sort of credit card application, there is a chance that you will be rejected. But with this particular offer, that will only happen if the issuer cannot verify your identity.
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Upvotes
Once I receive my card and make a purchase, can I send my payment in the same day without waiting on the bill? Reply 76
WalletHub
Jul 17, 2016 · @WalletHub
Yes, you can send your payment before the monthly bill is generated. Your bill will reflect all of purchases and payments made since the last (or any) bill was printed. Payment is generally due 21-25 days after the bill is made available. You can learn more about how credit card bills work from this guide: http://wallethub.com/edu/paying-credit-card-bills/25558/ . Hope this helps!
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Upvotes
How do I know the due date? Reply 88
WalletHub
May 26, 2016 · @WalletHub
Your due date is listed on your monthly statement as well as your online account: https://onlineaccessplus.com/securedcard/# . Furthermore, you should be able to request a due date of your choosing, if you have a hard time remembering your current one. Hope this helps!
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Upvotes
What are the payment methods? Reply 5140
WalletHub
Mar 1, 2017 · @WalletHub
You can pay your monthly bill electronically, by check or money order. There are more options for funding your security deposit, however: debit card, check, money order or wire transfer. Hope this helps.
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Upvotes
How long will it take for an OpenSky credit card to show a difference in my credit score? When will it appear on my credit report? Reply 51
WalletHub
Mar 13, 2018 · @WalletHub
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, 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.
You can learn how long it takes to improve credit here, and if you want a more-personalized credit-improvement forecast, just sign up for a free WalletHub account and check out your Credit Analysis.
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Upvotes
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 5039
WalletHub
Feb 28, 2017 · @WalletHub
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!
50
Upvotes
How long does it take to get the OpenSky card in the mail? Reply 4942
WalletHub
Jul 5, 2018 · @WalletHub
Once your application has been approved and your security deposit has been received and cleared, you can expect to receive your card within 2 weeks. Once you receive and activate your card, you’ll be able to begin using it immediately.
49
Upvotes
Do I get my security deposit back if I'm not approved? Reply 51
WalletHub
Jun 15, 2017 · @WalletHub
You’ll only have to place a security deposit if you get approved for an account. And you shouldn’t worry too much about that because this particular card does not require a credit check. To approve your application, OpenSky simply needs to verify your identity. You will get your deposit back when you close your account.
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Upvotes
OpenSky® Secured Visa® Credit Card Reviews
Share your insights and review the OpenSky® Secured Visa® Credit Card.
Jan 04, 2019
I love Open Sky. They were my first card when I needed to repair my credit a few years back. I made a $200 deposit and charged my Netflix account every month then paid in full. It reported as a regular credit card. I just closed my account and customer service was very friendly. I will be getting my deposit back within 30 days as I now have high limit cards through several major banks. Open Sky served its purpose well for me and I am very grateful.… read more
Comment
Jan 03, 2019
My bank sends payments by mail. Anytime the payment arrives close to due date, they claim it arrived a week too late and slam me with a fee. Can't do anything about it, although my bank assures me it was sent on time, it was deducted on the expected arrival date, other bill payments made it when they were supposed to... OpenSky claims payment late, late fee applied, interest applied - on an account paid in full. I've used the card once or twice last year, and the fees they've charged me exceed the purchase amounts by far. Ridiculous. Customer service is absolutely useless, they won't listen, just keep reading your account statement like you haven't seen it yourself and repeating a rehearsed spiel. It's extortion. I'm closing the card, don't care what it does to my credit.… read more
Dec 22, 2018
I'm a fan of open sky they have done me right since the start. I tried to get a loan in 2016 and found mr score was a 401. So I applied for this card and paid faithfully on it and I bought a new house in Sept of 18. It helped me go from a 401 to a 675 in 21 mo. I've never had the problems with customer service I hear about.
Dec 21, 2018
Love OpenSky! Went from a 500 credit score to a 715 score in less than a year. Didn't think that was possible, but here I am jet-lagged from being back from our one-week vacation in Honolulu, Hawaii. Lol.
Dec 04, 2018
Payment processing is honestly horrible. I've had them issue payment reversals twice. Twice may not seem significant, however, it is because they report to the credit bureaus monthly. Yes, the money has been available. It seems as if they reverse the payments to charge you. I literally just finished talking to customer service with a couple thousand in my account trying to find out how my payment wasn't accepted. My credit limit is $200 on the card. If your credit needs help, don't let Opensky hurt you. It's trash. This is a sincere and honest review.… read more
Nov 20, 2018
so far, I’m loving this card! I opened it because, I had NO credit history. It’s been almost 5 months, and I have not had any problems with this card. Transactions are quickly processed, and payments are quickly processed. My credit score is doing well. I’ve never missed a payment. I always pay in full. I always only use 9% of my card each month to increase my credit score.
Oct 25, 2018
Worst customer service I've ever dealt with. No one cares at all and they're all rude. Do yourself a favor and use a different card. Dont want your time with these people. ......................................
Oct 22, 2018
I was very skeptical going with Opensky after reading a lot of unpleasant reviews, but i decided to give them a chance. I got approved and sent my deposit via wire transfer through my bank. They received my deposit the very next day. I received an email that my new credit card was on the way and I got it in the mail about 3/4 days later. I’ve been a cardholder since September 2018. The only thing I don’t like is when you make a payment your credit isn’t available for 5 days. Other than that so far so good!… read more
Sep 27, 2018
Not the best card, but it gets the job done. My credit was a 485 in April 2018. I used opensky to help build my credit. I paid my balances in full for 2 months and my score shot up 80 pts! I qualified for better, unsecured, cards and my credit score is increasing month over month. I will potentially close this account when my score gets to 699 and I get my deposit back. I only have 45 more points to go ??????… read more
Sep 03, 2018
My payment due date on this card is the 10th of each month. I made a payment on July 25th. I waited and waited and the due date was approaching and the payment wasn’t yet applied to my account. Finally on the 10th of August my payment was applied right on time. Then I waited for my available credit to be updated. It took literally 3 weeks for this whole process between processing the payment and updating my available credit! By August 20th around there, my available credit was updated. I really want to cancel this card. I never seen a credit card company take this long to process a payment and update your account. Literally almost a month! It’s ridiculous! I would have kept this card if it wasn’t for the delay payment processing they have going on. Overall it would’ve been a great card aside from this.… read more
Aug 17, 2018
Depending on when you make your payment you could wait for up to 8 days to have available credit. They take 5 business days to process payments over $50. So if you’re depending on the funds to process like any other card I would look else where.
Aug 10, 2018
Dont believe the idiots writing bad reviews for Opensky!!! I am a born complainer and i hate pretty much everything, but one thing i love is my Opensky card. I only paid $200 to have it opened. At first i was skeptical that it would help my credit but thought for $200 it was worth the risk. I chose Opensky over thr other cheap secured cards because it had the best terms and conditions, and no crazy stuff like the other companies. I got it and started using the card once a month, the tip is to NEVER charge more than $35 to the card or your credit rating will go down a pretty significant number. I made that mistake when i first got it and racked up nearly $100 on it and my score went down 52 points. I paid that off quickly after i saw my score dropped and for the past 4 months ive kept it at no higher than $35, and paid the minimum $25 every month. They offer an automatic payment option which will take the money out of your bank account on the due date which is great for people like me that is very forgetful. Over a total of 5 months, my credit score has gone from 514 to 652. This card is the best option you can go with if you want to rebuild ur credit, if youre thinking about it dont hesitate go to their site and get one right now!!!… read more
Aug 08, 2018
Worst customer service EVER!!!! How can you not see what a previous agent told a customer when I quote,” you say all calls are monitored and recorded”. Never received my original card which was mailed on July 25 and here it is August 8 and still no card. Spoke to a manager yesterday August 7 about not getting the card and she assured me she could order a new one and have it sent via FrdEx in 2 business days(Thursday) and told me to call back the next day(Wednesday) for the tracking number. Upon calling I was told it would take a day to close the account and would not get the card until Friday and to call back tomorrow for the tracking number. No one at this place has any idea on what to do and how to do it. Closing my account if the card is not here but Friday, will be doing an update.… read more
Aug 07, 2018
This card is horrible! It stated I owed $160, so to get it paid off and be done, I sent in the exact amount, but my card was never paid off! I haven't used this card in over 6 months, but yet I'm still paying on it, how? I have a $200 credit line, but yet I have paid over $600 and it's still holds a balance! Idk what to do!?
Jul 27, 2018
These are Professional Thieves. This is the worst credit card company ever, if there was a zero that would be my rating for them. They'll make sure they steal from you in one way or the other.
If not false charges, its interest fee or late payment fee even if you're not late or some mailing statement fee. Just to make sure they get some money from you. If you see them--- One word---RUN !!!
If not false charges, its interest fee or late payment fee even if you're not late or some mailing statement fee. Just to make sure they get some money from you. If you see them--- One word---RUN !!!
Jul 19, 2018
Horrible experience with this company! Terrible customer service! Huge waste of time...so frustrated! They wouldn't process my payment and wouldn't give an explanation as to why, there was more than enough money in the bank and my bank said they "pinged" (whatever that means) them for the charge and it was approved yet they didn't take the money. then when I called the customer service line they wanted me to mail...yeah MAIL them a check and refused to take the payment from my debit card over the phone.… read more
Jul 07, 2018
This thing and this company that issues it is pure trash. Sure you get an instant boost to your credit score. Then you use the thing.
They are so slow at processing payments that my magic boost in credit score was eradicated by a very quick report that I was over limit ( due to the very slow payment process and a $3 paper fee). I have consistently paid to keep the balance as close to zero as possible, but it takes 5 full business days for them to do anything.
Customer service is atrocious. I regret opening this thing. Do yourself a favor and take the higher interest rate option with the legitimate banks Capital One or Chase. These people that run Open Sky are terrible in every way imaginable.
Oh and since they are so slow to process payments to make absolutely sure you have a balance they will only take four payments during a 30 day period. Who issues credit secured or not and doesn\'t want repayment?
This thing is not worth the time or effort.… read more
They are so slow at processing payments that my magic boost in credit score was eradicated by a very quick report that I was over limit ( due to the very slow payment process and a $3 paper fee). I have consistently paid to keep the balance as close to zero as possible, but it takes 5 full business days for them to do anything.
Customer service is atrocious. I regret opening this thing. Do yourself a favor and take the higher interest rate option with the legitimate banks Capital One or Chase. These people that run Open Sky are terrible in every way imaginable.
Oh and since they are so slow to process payments to make absolutely sure you have a balance they will only take four payments during a 30 day period. Who issues credit secured or not and doesn\'t want repayment?
This thing is not worth the time or effort.… read more
Jul 06, 2018
Update: My card came on 6/5 and I set up my bank account for the payment draft. I paid the $35 fee in full and I saw a disclaimer that said that payments could take up to seven business days to post. I’ll be paying my Netflix account each month with this card and will pay the card balance in full each month. I haven’t had an occassion to contact customer service yet so I can’t comment on that but my credit score did go up 15 points on Transunion and 14 points on Equifax. I need to check my Experian score to see if has benefited from being approved for this card. So far, so good! ??????
I just applied for this card about an hour ago. The application process was seamless and about 15 minutes after I applied, I received two confirmation emails letting me know that the card would be delieved in 7 to 10 days and that my $300 deposit has been drafted from my bank account. I saw that they had a $35 annual fee up front and saw the interest rate was 18.99% (and I think that I saw a 3% cash advance fee or something to that effect). I read through all of the terms and conditions and didn\'t see any hidden fees or the like. My plan is to set up my Netflix and Hulu payment to come out of this card for the next 8 to 12 months and once my credit score improves (currently 562 Transunion, 594 Equifax, and 594 Experian) I will consider applying for an unsecured card with Discover or some other company. The only real negative that I see with this card is that it takes up to 14 days for payments to post so I will make sure that I am very strategic regarding when my payments are drafted from my bank account in relation to when Hulu and Netflix takes their fees. Overall, I\'m not expecting more than this card to help me repair / build my credit. Use it responsibly folks and it ought to do what you need it to do.… read more… read more
I just applied for this card about an hour ago. The application process was seamless and about 15 minutes after I applied, I received two confirmation emails letting me know that the card would be delieved in 7 to 10 days and that my $300 deposit has been drafted from my bank account. I saw that they had a $35 annual fee up front and saw the interest rate was 18.99% (and I think that I saw a 3% cash advance fee or something to that effect). I read through all of the terms and conditions and didn\'t see any hidden fees or the like. My plan is to set up my Netflix and Hulu payment to come out of this card for the next 8 to 12 months and once my credit score improves (currently 562 Transunion, 594 Equifax, and 594 Experian) I will consider applying for an unsecured card with Discover or some other company. The only real negative that I see with this card is that it takes up to 14 days for payments to post so I will make sure that I am very strategic regarding when my payments are drafted from my bank account in relation to when Hulu and Netflix takes their fees. Overall, I\'m not expecting more than this card to help me repair / build my credit. Use it responsibly folks and it ought to do what you need it to do.… read more… read more
May 10, 2018
The WORST! First, HOOORRIBLE “Customer Service.” I’ve had to call 4 different times in the last nine months about mysterious, INCORRECT, charges (that they added on my card again) and every single time, I was astounded by the absolutely horrible customer service. I know I might come across as rude right now with some of my all caps, but I am extremely kind and pleasant when treated nicely. Unauthorized hidden fees disguised as foreign things, or cash advances you’ve never taken. I’ve had to decline paper statement THREE times now because they keep adding it back on (and its ridiculously high charge), and then even when they’re completely in the wrong, they refused to take it off and since we’re at their mercy, there’s not a damn thing we can do.… read more
Apr 18, 2018
I’ve been trying to move but my credit was at a 560 and realators want you to have at least a 620. So i went ahead and applied for Opensky. I deposit $500 and was approved on March 2,2018. The $35 annual fee was taken out right away. I made 2 purchases totaling $75. April 12 i checked my account online and there was a balance of $110 but only $35 was due not until May 13. I went ahead and paid the $35 right then And there. Today April 18 i Wakes Up To a notification from Experian saying that my score has changed. I was afraid at first because the notification icon was Red. I logged into Experian to see that Opensky was added to my credit and my score went up 49pts. I have nothing bad at all to say about this card. My plan is to never purchase more then 30% of my limit and whatever purchases i make to pay in full within a month.… read more
Mar 25, 2018
Great credit card for rebuilding credit. Just when I thought I'd never have another for awhile I was approved to help start working on my credit after a costly divorce. Now I have 2 more cards added & even though they are all secured credit cards it's better than where I was at to begin with. Thank You Open Sky.
Mar 08, 2018
At first they were pretty faithful about my account being protected from fraudulent charges. They would call me and ask me about charges, then when I called them to report a known. Fraudulent charge, They blew it off made me pay for it. Then, required me to pay over half of my balance every month?? Yes, they report I pay on time. But, I have had this card a year, I got a 200.00 increase. I am grateful. Where they lack at, is when they make you prove the disputed charges, i told them cap1 , discover fights for their customers. Their reply Well We Are A Small company. Time to close my card...… read more
Feb 26, 2018
If your denied for the secured credit card will it go on your credit report for a hard inquiry.? Also is everybody approved for this card as long as you can identify their identity? And have the security deposit
Feb 26, 2018
Sent in money to increase my balance on 2/6/18. The money has yet to be applied to my account as of 2/26/18. The company has been less than helpful and very unprofessional in resolving this issue. No one seems to have the authority to help.
04/15/18
Laura My name is Cliff I have mainly medical on my credit report that are mainly with one company. How much does he charge for services? If it's reasonable I'll tell him you referred me. What is this with the trial you mentioned?
Thanks, Cliff
Thanks, Cliff
04/14/18
I used to have a very poor credit score until I was referred to pauleootencybertech@gmail.com.. He help me revive my poor credit score.. I couldn't believe it myself until I check and confirm that my credit score has changed from poor to excellent.. He's a professional in this you also can give it a trial.. tell Him Laura referred you. Thank me later
Feb 21, 2018
Opensky is the best! They helped me get my credit back on track. The customer service are actual people with real concern for their customers, they explain everything to you to keep you on track. I recommend Opensky to everyone trying to rebuild their credit.
Feb 21, 2018
I have read some of the success stories and they are great. Mine is similar. A five year road that has not been pretty. Opensky has been a tool/solution to get to the 700 club (fico). Very efficient and I will continue to use them even after full repair because they have been with me the whole way. The new website is much more efficient. For those nay sayers. Step back and maybe examine with enlightenment. Top Tier cards still have their issues too. Pay your bills and be frugal and the process will slowly be true to you. As with all good things, it is what you put in to the process.… read more
Feb 13, 2018
Gets the job done. If you use it correctly you can and will see an increase on your credit score. Im satisfied with it so far. Unfortunately, your credit limit will not increase unless you put more money down.
Feb 08, 2018
Since having the card the past year I have had no problems with payments posting or incorrect charges being applied to my account. I am currently a customer and overall satisfied with the exception of I have not really seen my score increase with this card
Feb 07, 2018
This is a decent card to get if you have bad credit. I have been using it to raise my credit score. I do wish it was more like my Discover It secure card. There is no annual fee and after eight or nine months of proving that you are responsible, you can graduate to unsecured card and they will give you your deposit back.
Feb 07, 2018
The open-sky card has never failed me they have revamped their website and payments usually clear In a few days. ....just be responsible and pay on time and watch your credit go up in conclusion I would actually recommend this card
Feb 04, 2018
This credit card company is run by criminals they steal from you it's three dollars a month to send you a bill in the mail when you put online and go to paperless they still charge you three dollars a month Avoid this horrible company
Feb 04, 2018
What can I say about this card.....Well for starters, In late 2016 I decided to get my S together financially. Had collections, went south on a car in 2013, had a student loan in delinquency. I never even had a real credit card before. It was all student loans and a bad car loan I should have never signed that completely screwed me up. I was having trouble with my life in general and was trying to ignore my financial problems. I decided to right the ship, buckle down and really take credit/my financial life seriously. I had a 404 credit score when I got the Open Sky card, this was my only option because at a 404.....you have no options. I got a $400 Deposit and was paying it off in full every month, after 6 months of on-time, full payments, they upped my limit to $500 and my credit score was already up 75-100 points. Within the next 6 months, I was up in the mid 550's, again with my on-time in full payments, Got my student loan back on track and was able to qualify for a Discover Secured Card and a Capital One Secured Card. I was trying to increase my credit limits and keep my utilization low, As recommended. Well it's February of 2018 and my credit score just passed the 620 mark. I am getting there and it takes time. Still a long way to go but without OpenSky I don't know what the heck I'd be doing, it helped get my foot in the door back on the road to financial responsibility and is getting my credit to somewhere near a normal score. Don't believe these bad rumors. Never had an issue with payments, customer service was spot on, and they will take a chance on people who really, really need the help. The Bank backing this card is based out of Rockville, Md. outside of DC just FYI. Pay on time, keep your utilization low and remember this is a process THAT TAKES TIME. My credit profile is almost at a point of respectability and I can only thank OpenSky for that. It showed me it's possible. Thank you for helping me.… read more
Feb 03, 2018
I applied for an OpenSky secured Visa credit card and raised my credit score over 250 points within a two year period. After losing a house to foreclosure in the recession I gave up on credit altogether, but I gave credit card companies another chance with OpenSky and I am so glad I did. Thanks OpenSky!
Feb 02, 2018
In January of 2017, I was wanting to purchase a new home but my highest credit score was barely touching 630 while another score was below 600. I had a lot of other issues with my credit report that needed to be cleaned up. I wanted to apply for a credit card, and Wells Fargo and others provided a secured card, but they ding your credit report and that would have thrown me out of being accepted in the first round for financing a home. Usually a mortgage lender will look at your credit before you put a deposit down on building or buying a newly constructed home to see if there is potential for the actual approval for when the home is built and it is near time to move in and almost time for the closing. I decided on OpenSky because they didn't ding my credit score when I put a deposit down. Once I opened up the credit card account, my score increased to 640 with the next score around 630 and the lowest 601. Now, I was in the game but I still had a lot of work to do for the next few months. Having this card helped me with increase my score and was one of the top reasons why I was able to move into my newly constructed home July of 2017! I now use the card for my monthly expenses, such as gas and food so I don't ding my checking account for each and every transaction and it helps me to stay on budget and focused on my finances.
This is one of those cards you will want to keep, even when you get through your financial struggles.
The only negative, is that when I pay my credit card bill, sometimes it takes 1-1/2 weeks for the payment to post properly. I wanted to rent a car for an emergency trip from Texas to Ohio and wasn't able to because the payment hadn't posted yet, even though it had been more than one week since I submitted payment which also brings up another point, in order to make payments timely, one should pay two weeks ahead of time, even if it is the minimum and then follow up with a bigger payment if you need to. I do wish they would make posting payments more timelier for consumers. After all, they do have our deposit on account. Please OpenSky, do something about posting our payments more timely and providing us with the credit.… read more
This is one of those cards you will want to keep, even when you get through your financial struggles.
The only negative, is that when I pay my credit card bill, sometimes it takes 1-1/2 weeks for the payment to post properly. I wanted to rent a car for an emergency trip from Texas to Ohio and wasn't able to because the payment hadn't posted yet, even though it had been more than one week since I submitted payment which also brings up another point, in order to make payments timely, one should pay two weeks ahead of time, even if it is the minimum and then follow up with a bigger payment if you need to. I do wish they would make posting payments more timelier for consumers. After all, they do have our deposit on account. Please OpenSky, do something about posting our payments more timely and providing us with the credit.… read more
Feb 01, 2018
If I could give a zero rating I would. DO NOT GET THIS CARD. I had unauthorized charges that they refuse to investigate. I am in process of reporting them to higher authority. Customer Service hangs up. They have no phone app. Payments takes weeks to be applied to your account. It seems like their back office is a kid in his mamas basement.
Jan 24, 2018
Start to Finish...(excuse the grammar, just get the point)...i applied for the card in November around the 24th, used the card immediately. Being new to the CC world I was waiting for a billing statement or something to tell me when my bill was due, never received one. So, on Dec 24th my utilization was high nearly all the credit available, but my payment was in good standing, didnt understand how that worked but ok, im thinking next cycle I will be more alert about paying and check the website instead of waiting for a notification. Second billing cycle I did receive a notification several weeks in advance (i set it up that way).
The reason i set it up so early is because of reviews stating it takes long for payment to post etc etc, so i paid my bill probably 3 weeks in advance (something like that), i made two payments one on a Friday the next on the following Monday. 1st payment took about 7-8 days to post and the other smaller amount took a little less time to post, but my available credit did not go up until apx 3 days before the closing of my bill (bill closes on the 20th MINE DOES).
I paid it down to about 6-9% purposely to carry a balance for utilization purposes (my preference, instead of paying it to 0 balance). As of today with CK my scores have not changed, I emailed them as to why... Wallet Hud went up 100 points from 481 to 581 TR which 481 is my current CK TR score to date, not what I started with. My TR FICO is 560 (REAL credit score). I applied with a score of TR 510 (dropped 29 points after applying) & EQ 529 (502 dropped 27 after applying) and those are Credit Karmas scoring NOT FICO scores. Not sure what my FICO scores were before as I just started watching those due to finding out lenders etc look at FICO scores not places like Credit Karmas scores.
Overall im please with the card...let me rewind only FICO (REAL SCORE) I was watching was EX not sure if it dropped from applying/that first month but this billing cycle it went up 30 points from 546 to 576 (once again thats Experian FICO score), I went ahead and updated my Experian report to get all my FICO scores and my TR is 560 as I state above vs Wallet Hub TR 581 which was the same 481 as Credit Karmas 481 but CK has not updated the report as of yet.
Only reason I watch CK scores is really for offers but I noticed even though you get the offer through them they (the other CC company's pull from FICO TR &EX) Open Sky did not request my credit report, but I have applied to Capitol One Platinum & diamond Citi both approved but still being processed. I think the card is a great help to build your credit score while you work on paying off other debt/accounts on your credit. I tried to be thourogh as possible but my first post was deleted and I forgot how I worded it for viewers accuracy. I know when I look at reviews I like to see numbers and a good reading broken down ! Hope this helps others to go ahead and try Open Sky, any questions just ask I will answer if I can.… read more
The reason i set it up so early is because of reviews stating it takes long for payment to post etc etc, so i paid my bill probably 3 weeks in advance (something like that), i made two payments one on a Friday the next on the following Monday. 1st payment took about 7-8 days to post and the other smaller amount took a little less time to post, but my available credit did not go up until apx 3 days before the closing of my bill (bill closes on the 20th MINE DOES).
I paid it down to about 6-9% purposely to carry a balance for utilization purposes (my preference, instead of paying it to 0 balance). As of today with CK my scores have not changed, I emailed them as to why... Wallet Hud went up 100 points from 481 to 581 TR which 481 is my current CK TR score to date, not what I started with. My TR FICO is 560 (REAL credit score). I applied with a score of TR 510 (dropped 29 points after applying) & EQ 529 (502 dropped 27 after applying) and those are Credit Karmas scoring NOT FICO scores. Not sure what my FICO scores were before as I just started watching those due to finding out lenders etc look at FICO scores not places like Credit Karmas scores.
Overall im please with the card...let me rewind only FICO (REAL SCORE) I was watching was EX not sure if it dropped from applying/that first month but this billing cycle it went up 30 points from 546 to 576 (once again thats Experian FICO score), I went ahead and updated my Experian report to get all my FICO scores and my TR is 560 as I state above vs Wallet Hub TR 581 which was the same 481 as Credit Karmas 481 but CK has not updated the report as of yet.
Only reason I watch CK scores is really for offers but I noticed even though you get the offer through them they (the other CC company's pull from FICO TR &EX) Open Sky did not request my credit report, but I have applied to Capitol One Platinum & diamond Citi both approved but still being processed. I think the card is a great help to build your credit score while you work on paying off other debt/accounts on your credit. I tried to be thourogh as possible but my first post was deleted and I forgot how I worded it for viewers accuracy. I know when I look at reviews I like to see numbers and a good reading broken down ! Hope this helps others to go ahead and try Open Sky, any questions just ask I will answer if I can.… read more
Jan 18, 2018
Excellent to get yourself started rebuilding. Customer service is generally Ok. Returning your refund is problematic. They will stall you every excuse possible before returning your money. I wouldn’t recommend putting down a large security deposit like I did. Takes about 2 months before they return your mone.
Jan 17, 2018
I have a 580 Fico score, with a great job. I lost my job two years ago, and could not make my payments on my credit card from another bank. I thought, now that I have a great job for the last year and a half, a $200 secure card, would be perfect for me with no credit check! Well, they took my security deposit within seconds of entering my checking account number. Two day later, they send me a email, your application has been denied, you will be refunded your security deposit. Nine days later, still no refund! I called, and they say don’t worry, you will get a refund! I will be filing a dispute with my bank to get my funds back! My suggestiion to everyone out there that is contemplating doing a secure card, to go to your own bank, and speak to the customer service there. You will get a better deal, as you already have a relationship with them!… read more
Jan 06, 2018
I wish I could rate it lower. Beware.....this card requires yournconstant attention. I feel they exploit their card holders and will look for ways to increase their profit. They also added charges at a time when it had a very negative impact to my credit score. After a year of faithfully payinh on time with correct utilization, now I am right back where I started. All because they revamped there website. I feel they failed to properly give notice to update my preferences again and we had to reissue automatic payments. I am submitting all my ingormation to the Feds. I think this card is just one big scam.… read more
Dec 28, 2017
Worst card ever! Do yourself a favor a find other ways to rebuild your credit. After fraudulent charges were put on my account it has been 3 months and the funds have still not been returned. I have had the best results at my local credit union...
02/02/18
There are other people that have problems with the card. I gave them a 4 star review because they actually helped me with my credit score that enabled me to buy a newly constructed home. The only problem I have with them is taking a couple of week to process an online payment that takes money directly from my account that very moment, shows up on OpenSky as a payment that day or the next but credit isn't freed up for 1-1/2 to 2 weeks afterwards. It's cute and funny when I start out with a zero balance and spend $200 - $300 but if I spend 2-1/2 times that amount for whatever reason, I get to the point where I can't use the card and have to revert back to my checking. I can increase the credit limit by sending in more of a deposit but not looking to increase debt right now. Other than that, the card does what it is supposed to do and I make sure to pay two weeks in advance.… read more
12/28/17
Too bad you can’t give this card negative stars. Is it just me or do some of the 5 star reviews seem fabricated to anyone else?...
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Last updated on: January 7th, 2019 at 21:38
Editor's Pick
OpenSky® Secured Visa® Credit Card is an Editor's Pick for:
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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: Jan 7th, 2019 at 21:38 ET