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Capital Bank

Capital Bank Credit Card Offers

Capital Bank is a subsidiary of Capital Bancorp, Inc. As a community bank, it focuses on satisfying the banking needs of individuals and small businesses. Capital Bank offers a secured credit card for consumers so they can establish or rebuild their credit. The bank reports payment activity monthly to all three major credit bureaus. You can choose your own credit line between $200 and $3,000 and the deposit is fully refundable. The deposit must be submitted before the card is issued. The bank is FDIC insured meaning your deposit will be safe. The application is quick and easy and there is no credit check required. All applications will be accepted. Nobody will be turned down. There may be an opportunity to increase your credit line within the first year. Capital Bank is also a member of the Federal Reserve Bank system.
Capital Bank CREDIT CARDS
Intro APR on Purchases:
Intro APR on Balance Transfers:
Regular APR:
Annual Fee:
Instant Response:
n/a
n/a
17.89% (variable)
$35
Yes
Credit Recommended: Bad / No
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All about Capital Bank Products

Capital Bank offers a variety of banking products and services along with the Visa OpenSky credit card. Some of the products and services offered by Capital Bank include personal banking accounts and business banking accounts. In addition, Capital Bank also offers several personal loan options, including home equity, mortgage and automobile loans.

The OpenSky Visa credit card offered by this bank comes with several benefits. It is easy to use and it has a quick application process with no credit checks. This card comes with a large range of credit limits from $200 up to $3,000 and rather low interest rate.

Additional benefits of this credit card include credit reporting to the credit bureaus. The cardholders will be able to build their credit score by simply managing their account responsibly. In addition, this credit card can be used anywhere Visa is accepted and comes with Visa's Zero Liability fraud protection program.

Not sure which card to choose?

Ask your question to our experts: explain your financial situation and you'll get personal financial consultation by email.

Frequently Asked Questions:

If I get Open Sky secured credit card, will I build my credit?

Yes. The OpenSky secured card is reported to the three major credit bureaus monthly. Therefore, making your monthly credit card payments on time can help build your credit history. Skipped or missed credit card payments are also reported, so try to avoid being late. Late payments can easily damage your credit score.

Will I get my security deposit back? And how do I get it back?

The credit card issuer will refund your security deposit after you close your credit card account and pay off the card balance in full. To get you deposit back, you should contact the credit card issuer and request a refund.

What happens if I use my entire credit limit?

If you charge your credit card up to the available credit limit, you should pay off all or a part of the balance before you can continue using your credit card and to avoid possible penalty fees. If you fail to make timely monthly payments, then your card will be considered overdue, which will be reported to the credit bureaus and will lower your credit score. If you are unable to pay off your card balance, you should contact customer service at the number shown on the back of your card.

Will I be able to upgrade my secured credit card to unsecured?

Currently the OpenSky secured credit card cannot be updated to an unsecured account. Capital Bank does not offer unsecured credit cards for consumers. You can keep your secured card as an oldest credit account to continue building a good credit history.