Accepted Credit Scores 
Limited History, Bad Credit
OpenSky® Secured Visa® Credit Card
Editor’s Take
John Kiernan, Credit Card Editor
Nov 28, 2020
Review: OpenSky® Secured Visa® Credit Card
OpenSky Review Summary: The OpenSky Credit Card is an affordable secured card with no credit check for new applicants – meaning there is no hard inquiry into your credit history when you apply. That’s why OpenSky is a great choice for people with damaged credit who want high approval odds. Without a credit check, the OpenSky Card’s main approval requirements are being 18+ years old and having enough income to afford a $200+ security deposit, along with a $35 annual fee and monthly bill payments.
Those are the most important things to know before applying for the OpenSky Secured Visa. Below, you can find additional information to help you make up your mind about this offer.
OpenSky Secured Credit Card Review Highlights:
Those are the most important things to know before applying for the OpenSky Secured Visa. Below, you can find additional information to help you make up your mind about this offer.
OpenSky Secured Credit Card Review Highlights:
- 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.
- 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, your balance will accrue interest at a 17.39% (V), which is about what the average secured card charges, according to WalletHub’s latest Credit Card Landscape Report.
Nov 28, 2020
OpenSky® Secured Visa® Credit Card's Key APRs & Fees
| ONE-TIME FEES |
|---|
| None |
| ANNUAL FEE |
| $35 |
| MONTHLY FEE |
| None |
| REGULAR RATE |
|---|
| 17.39% (V) |
| 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.) |
| *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
| MAX LATE FEE |
$38 |
|---|---|
| MAX OVERLIMIT FEE |
None |
| MAX PENALTY APR |
None |
| FOREIGN TRANSACTION FEE |
3% |
| SMART CHIP |
Yes, chip-and-signature |
-
CASH ADVANCE APR
17.39% (V)
-
CASH ADVANCE FEE
5% (min $6)
- Last updated on 11/28/2020
at Capital Bank's secure site
Related Credit Cards
If you are interested in the OpenSky® Secured Visa® Credit Card, check out the following credit cards as well:
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.
Do I need a checking account to get the OpenSky credit card? Reply 3
Vivian Harper
@vivian_harper
You do not need a checking account to get the OpenSky credit card.
In addition to that, you can qualify for the OpenSky credit card with no credit check and no bank account. However, there's an annual fee, and the card doesn't give you a way to upgrade to a regular unsecured card.
3
Upvotes
What bank issues the OpenSky Credit Card? Reply 3
Scott Ackerman
@scott_ack
The OpenSky Credit Card is issued by Capital Bank.
Capital Bank is a mid-sized bank focused on serving the diverse needs of business owners in the greater Washington, D.C. metropolitan area. You can learn more about them here.
3
Upvotes
When will my Opensky payment post? Reply 31
Faith Massey
@faith_massey
Your Opensky payment is posted the same day the payment is made provided it is received before the daily cut off time.
However, it may take up to five business days following the receipt of your payment to restore your Available Credit for future purchases.
3
Upvotes
What happens if I overpay my Opensky? Reply 31
Derek Miller
@DerekMiller
If you overpaid your Opensky credit card, simply leave the credit balance on your account and spend it down.
As your charge other purchases, the amount you overpaid will eventually be used up.
3
Upvotes
When can I get my Opensky credit card deposit refunded? Reply 33
James Bronzz
@jbronz
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.
3
Upvotes
If I never use my card, do I still pay something monthly? Reply 3
Bernadette Ferguson
@bernadettef_2
I don’t believe so but you don’t want to let it go dormant either if you do they may cut it off themselves
3
Upvotes
What is the maximum amount I can deposit for my Opensky credit card limit? Reply 34
Tommy S Davidson
@tdvdson94
The maximum you can deposit for your OpenSky credit card is $3,000, but they'd have to approve you for that amount first.
3
Upvotes
Is OpenSky a major credit card? Reply 3
Fred Lincoln
@fred_lincoln
The OpenSky Secured card is considered a major credit card. But while the card is one of the more famous ones for getting your score up or just established, Capital Bank isn't exactly Discover.
I guess it's a medium? Credit union cards would be the small ones, so this one is definitely much better than that as far as exposure goes. But it is a Visa card, which means it's on one of the most major card networks.
3
Upvotes
How much time do I have to pay my initial Opensky credit card deposit? Reply 3
Monica Prill
@monica_prill1
You’ve got 60 days maximum to fund your Opensky credit card deposit, but you really shouldn’t wait that long.
3
Upvotes
Does Opensky use smart chip technology? Reply 32
WalletHub
@WalletHub
New OpenSky Visa cards have smart chips and use the chip-and-signature authentication.
This is good news, considering that chip-based cards are considered to be more secure than magnetic stripe cards since they are much harder for criminals to duplicate.
You can learn more about chip-and-signature cards and how they differ from chip-and-PIN cards here.
3
Upvotes
OpenSky® Secured Visa® Credit Card Video Review
OpenSky® Secured Visa® Credit Card Reviews
Share your insights and review the OpenSky® Secured Visa® Credit Card.
Nov 16, 2017
Hello people, I got this card in 02/2017 or in 03/2017, and I didn't have to wait long to receive it. I say about in a week or two with my deposit of $300.00. I paid on time every month but I did use more than 35% once or twice within the time frame I had this card, but I always paid it off in full immediately. My credit score went up and down. The last time I looked it went down because of me closing out this account with this company. I got my monthly payments down to $10.00 a month with no interest fees. I had everything at zero. They took my deposit and paid what I did owe to get my refund. I mean put a lot of money into this card. My credit was going up but I just wanted another better credit card like Discover. I mean with OpenSky when I called in to speak with a representative, it actually took them an hour to answer my call. Yes, I stayed on the phone for an hour to speak with a representative, and they truly act like they don't care about keeping you as a customer nor do they care if you close out your account. They don't ask why or anything. To me, they seem to have altitudes with themselves and really don't care at all. Their customer services are so bad that I actually think their workers don't care at all about keeping customers nor do they try to keep you on as a customer. Call in and you will be waiting for at least an hour for someone to respond back to you. OpenSky is a bad company with bad customer services. Now that I have closed the account and want my refund, that unhappy lady told me that it would take 3-4 weeks to get my refund, still waiting, and it's been since Oct 31, 2017. I am writing them a letter about I will get the police involved because I think this company has some kind of fraudulent activities with them concerning refunds returns. It's doesn''t say 10 weeks, it says 3-4 weeks after closing your account for a refund to be returned to you.… show more
3 Comments
Nov 16, 2017
I opened this card 2 years ago with a $200 security deposit and got a $200 limit. At that time my score was around 500. Last year when my score got up to around 650, they increased my limit to $300. I always always paid on time but my limit never went up again. Now I got a $35 fee on the card to renew for the next year so I called to cancel. They immediately closed the account with no questions but said I would still have to pay the fee! After being put on hold for 10-15 minutes to speak to a supervisor, the fee was removed. They never made any attempt to try to keep me as a customer which I thought was odd. I would only recommend this card to someone who is desperate for credit.… show more
Nov 09, 2017
The card was easy to get but it took them 6 months to report my credit usage. When they did it was up 149 points. That is until I used the card again. They were quick to report in 3 days that my card was maxed out even though I pay in full every month.
Nov 03, 2017
good luck getting deposit back after closing account. I had a zero balance upon closing and have yet to receive my deposit of $800 back. I has been over 5 weeks. I called the bank twice as they initially told me it would take no longer than 4 weeks. They said they would "look into it". Very shady and corrupt. This card offers you no perks, no rewards and they do not give you interest on your deposit no longer how long they hold it.… show more
Oct 24, 2017
I have been trying to get in contact with these people for 5 days now..I have literally been waiting on hold for 1-2 hours.. this is rediculous somebody has fraudulently accessed my account.. I feel that this is bad customer service
Oct 12, 2017
Stay away from this company!! I applied for a card, they immediately dinged my debit card for the security deposit then within a period of 15 seconds told me they were unable to accept my address as legitimate??? They, of course, kept my deposit money. I called their customer no service department and they promised to put the money back on my debit card, but so far nothing!
Sep 30, 2017
Hello everyone, I will give monthly updates on my scores and experiences with this card. I applied on the 10th, got my card on the 19th, used it. I received a call from fraud department on the 27th. They thought someone had my card. I was very pleased to know that they are proactive. All is well so far. I was rd that it reports last day of month so as soon as I get an update i will inform all of you. TU- 556, EX-567, EX 644… show more
Sep 29, 2017
This card is for rebuilding credit. If you want credit card perks this card is NOT for you. The annual fee is $35, yes that's high if you have a card that doesn't charge an annual fee, BUT if you're rebuilding credit you have to just suck it up. Most of the negative reviews seem to be from people who didn't bother to read the terms and conditions first... It's all laid out up front and isn't deceptive in the least. The down sides of this card are: payments by mail take about 21 days to post so you pretty much have to mail your payment before you even get a bill because otherwise it's not going to get processed in time and you would get a late charge. Even if you pay online it usually takes about 14 days before that money is applied to your account and is back in your available credit. Also customer service is only available from 8 a.m. to 5 p.m. Eastern Standard Time. If you need help after hours or on weekends the only service that is available is to report your card as lost or stolen. One great benefit is as long as they can verify your identity you are approved for the card and they do NOT run a credit check. So if you have bad credit to begin with you will NOT end up with another inquiry when you apply for this card.… show more
Jul 05, 2017
Scammers they took my money out my account and supposedly sent out my card on 3 different occasions and still haven't received it yet. Will be filing a dispute with my bank because this is ridiculous
11/17/17
Also complain to BBB and Consumer financial protection bureau, this is illegal for this company to just take your money. They are violating their own policy about refundable deposits which they are not refunding. I will get my money back even if I have to sue them.
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.
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.… show 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.… show more
11/17/17
Complain about them because it is supposed to be the 3-4 week to refund the deposit, this company has violated their own policy. I have complain to BBB and consumer financial protection bureau. I will get my money back. Sign my petition on facebook. go their page on facebook and you will see my petition.
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 17, 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.… show 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!… show more
May 11, 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!… show more
01/06/18
Oh my god! You gave them 1000.00!!! Good luck getting that money back. You will never get those funds back Do not close that card.
May 11, 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.… show 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 17, 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 09, 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 27, 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 19, 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.… show 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.… show more
09/07/17
it has been one month and no card yet <br />i think all the 5 stars reviews here are scams as well
Jan 15, 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.
Jun 30, 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.… show 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… show more
Jun 02, 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… show 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.… show 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!!… show more
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.
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
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.… show 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!… show more
Dec 16, 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!!!!!!!!!!!!!!!!… show more
Nov 04, 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.… show 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.
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 Disclaimer: 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.
Last updated on: November 28th, 2020 at 01:36
Related Credit Cards
If you are interested in the OpenSky® Secured Visa® Credit Card, check out the following credit cards as well:
Related Credit Card Categories
OpenSky® Secured Visa® Credit Card is related to the following categories:
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 Disclaimer: 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: Nov 28th, 2020 at 01:36 ET