OpenSky Secured Visa Credit Card review

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Advertiser Disclosure

Interest Rate: Purchases
19.39
Balance Transfer
-
Rewards
-
Signup Bonus
-


6.7/10
Informr score
The OpenSky Secured Visa Credit Card currently has an Informr score of 6.7 out of 10. This score is based on our evaluation of 9 sources including reviews from users and the web's most trusted critics.

Am I eligible?


OpenSky Secured Visa Credit Card is typically available to those with poor credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA
Yes Provide a minimum security deposit of $200.

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


CreditCards.com

With a relatively low APR and annual fee, the OpenSky Secured Visa credit card is a great card for those with bad to fair credit. You won’t earn any rewards, but you’ll keep additional charges to a minimum, and you can qualify for the card without a credit check.

- Emily Sherman, CreditCards.com
Beverly Harzog

The OpenSky Secured Visa Card is a good choice for someone who has a recent bankruptcy or who might have a lot of negative items on their credit report. Now, this is a golden opportunity to rebuild your credit. So keep low balances, pay the bill in full by the due date, and be optimistic.

- Beverly Harzog
ValuePenguin

Even if you have a bad credit score, you can get better offers on other secured credit cards. This card doesn't do enough to justify its $35 annual fee.

- Robert Harrow, ValuePenguin
Finder

This is a great card for people with poor or very little credit. As long as this card is used responsibly and paid off every month, it will quickly build credit. 

- Finder
Credit Fast

When you use it responsibly, the OpenSky Secured Visa credit card is a powerful credit-building tool. It’s an excellent way to help you learn to manage your finances. It also gives you less room for error because there’s a very restricted spending limit.

- Monica Kowollik, Credit Fast

Details


Interest Rates
Regular APR Interest Rate 19.39%

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate

Balance Transfers Not Allowed

Cash Advance Interest Rate 19.39%

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $35.00
Balance Transfer Fee
Cash Advance Fee 5%

Minimum of $6

Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $27.00

Maximum

Promotions
Sign up bonus No
Rewards
All Purchases No
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Eligibility
Minimum Security Deposit $200
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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Critic Reviews


CreditCards.com

Relatively low annual fee, lower than average APR

from CreditCards.com

With a relatively low APR and annual fee, the OpenSky Secured Visa credit card is a great card for those with bad to fair credit. You won’t earn any rewards, but you’ll keep additional charges to a minimum, and you can qualify for the card without a credit check.

Read full review

With a relatively low APR and annual fee, the OpenSky Secured Visa credit card is a great card for those with bad to fair credit. You won’t earn any rewards, but you’ll keep additional charges to a minimum, and you can qualify for the card without a credit check.

Read full review

Less

Beverly Harzog

Popular with those who are rebuilding their credit

Beverly Harzog

The OpenSky Secured Visa Card is a good choice for someone who has a recent bankruptcy or who might have a lot of negative items on their credit report. Now, this is a golden opportunity to rebuild your credit. So keep low balances, pay the bill in full by the due date, and be optimistic.

Read full review

The OpenSky Secured Visa Card is a good choice for someone who has a recent bankruptcy or who might have a lot of negative items on their credit report. Now, this is a golden opportunity to rebuild your credit. So keep low balances, pay the bill in full by the due date, and be optimistic.

Read full review

Less

ValuePenguin

An expensive credit card relative to the benefits it provides

from ValuePenguin

Even if you have a bad credit score, you can get better offers on other secured credit cards. This card doesn't do enough to justify its $35 annual fee.

Read full review

Even if you have a bad credit score, you can get better offers on other secured credit cards. This card doesn't do enough to justify its $35 annual fee.

Read full review

Less

Finder

No credit check and a low annual fee

This is a great card for people with poor or very little credit. As long as this card is used responsibly and paid off every month, it will quickly build credit. 

Read full review

This is a great card for people with poor or very little credit. As long as this card is used responsibly and paid off every month, it will quickly build credit. 

Read full review

Less

Credit Fast

Generous grace period

from Credit Fast

When you use it responsibly, the OpenSky Secured Visa credit card is a powerful credit-building tool. It’s an excellent way to help you learn to manage your finances. It also gives you less room for error because there’s a very restricted spending limit.

Read full review

When you use it responsibly, the OpenSky Secured Visa credit card is a powerful credit-building tool. It’s an excellent way to help you learn to manage your finances. It also gives you less room for error because there’s a very restricted spending limit.

Read full review

Less

CardRatings.com

Makes it simple to build credit, even if you have a shaky or non-existent credit history

from CardRatings.com

Secured credit cards are a great tool for anyone just entering the credit card world, or looking to repair their existing credit history. This card requires potential cardholders to have the cash on hand to open a line of credit, which helps curb overspending.

Read full review

Secured credit cards are a great tool for anyone just entering the credit card world, or looking to repair their existing credit history. This card requires potential cardholders to have the cash on hand to open a line of credit, which helps curb overspending.

Read full review

Less

Wise Bread

Rebuild your credit fast

from Wise Bread

A great card for building or rebuilding a positive credit rating, because there are no credit checks for qualification.

Read full review

A great card for building or rebuilding a positive credit rating, because there are no credit checks for qualification.

Read full review

Less

Bankrate

The annual fee makes this card a no-go

from Bankrate

If you don’t have a bank account and/or your credit check would make a traditional credit card issuer avoid your calls, an OpenSky secured credit card may be just what you’re looking for.

Read full review

If you don’t have a bank account and/or your credit check would make a traditional credit card issuer avoid your calls, an OpenSky secured credit card may be just what you’re looking for.

Read full review

Less

MagnifyMoney

Helpful for those who have bad or no credit history

from MagnifyMoney

This card is designed for consumers who want to rebuild or create a credit history. OpenSky does not require a checking account or credit check when you apply, which makes the application process simple. Take note that this card does come with an annual fee, unlike other secured cards. With respo...More

This card is designed for consumers who want to rebuild or create a credit history. OpenSky does not require a checking account or credit check when you apply, which makes the application process simple. Take note that this card does come with an annual fee, unlike other secured cards. With responsible use, you could see an increase in your credit score and move to an unsecured card.

Read full review

Less

User Reviews


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