OpenSky® Secured Visa® Credit Card
No credit check to apply. Zero credit risk to apply!
Bad / No
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CARD TYPE: SecuredSecured credit cards require a secured deposit on a bank account. These cards are intended for people with limited credit history.
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WHO CAN GET IT: ConsumerThese credit cards are for the average consumer who needs a credit card for personal use.
- No credit check to apply. Zero credit risk to apply!
- Looking to build or rebuild your credit? 2/3 of cardholders receive a 48+ point improvement after making 3 on-time payments
- With an 87% average approval rate for the past 6 months, OpenSky gives everyone an opportunity to improve their credit
- Extend your $200 credit line by getting considered for an unsecured credit line increase after 6 months - no additional deposit required!
- Get free monthly access to your FICO score in our mobile application
- Build your credit history across 3 major credit reporting agencies: Experian, Equifax, and Transunion
- Fund your card with a low $200 refundable security deposit to get a $200 credit line
- Apply in less than 5 minutes with our mobile first application
- Choose the due date that fits your schedule with flexible payment dates
- Fund your security deposit over 60 days with the option to make partial payments
- Join over 1.2 million cardholders who’ve used OpenSky to build their credit
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PURCHASES
- Intro APR on Purchases:
- N/A
- Regular APR:
- 21.89% (variable)
- Minimum Grace Period:
- 25 days
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BALANCE TRANSFERS
- Intro APR on Balance Transfers:
- N/A
- Regular APR:
- N/A
- Balance Transfer Fee:
- N/A
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CASH ADVANCE
- Intro APR on Cash Advances:
- N/A
- Regular APR:
- 21.89% (variable)
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FEES
- Annual Fee:
- $35
- Application Processing Fee:
- See Terms
Questions & Answers about the card:
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.
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.
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.
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.