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OpenSky® Secured Visa® Credit Card review

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Advertiser Disclosure

Annual Fee
Interest Rate: Purchases
22.14% (Variable)
Interest Rate: Purchases
22.14% (Variable)
Balance Transfer
Balance Transfer
Signup Bonus
Signup Bonus

Informr score
The OpenSky® Secured Visa® Credit Card currently has an Informr score of 6.5 out of 10. This score is based on our evaluation of 31 sources including reviews from users and the web's most trusted critics.

What's good

  • No credit check to apply and find out instantly if you are approved
  • OpenSky gives everyone an opportunity to improve their credit with an 85% average approval rate for the past 5 years
  • Get considered for a credit line increase after 6 months, with no additional deposit required
  • You could be eligible for the OpenSky Gold Unsecured Card after as few as 6 months
  • Reports to all 3 major credit bureaus monthly, unlike a prepaid or debit card
  • View your FICO® Score through your OpenSky account, an easy way to stay on top of your credit
  • Nearly half of OpenSky cardholders who make on-time payments improve their FICO score 30+ points in the first 3 months
  • Your refundable* deposit, as low as $200, becomes your OpenSky Visa credit limit
  • Easy application, apply in less than 5 minutes right from your mobile device
  • Offer flexible payment due dates which allow you to choose any available due date that fits your payment schedule

What's bad

  • Annual fee
  • No rewards
  • No signup bonus
  • Foreign Transaction Fee

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...

The Points Guy
The Points Guy

The OpenSky Secured Visa card helps you rebuild your credit without the need for a credit check. While the annual fee is a drawback, using this card (and paying on time) is an effective method to increase your credit rating. If you’re in this situation, the card definitely should be on your list to...

- Chris Dong, The Points Guy

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,

The OpenSky Secured Visa Credit Card is a solid choice for rebuilding your credit. The card carries lenient credit requirements, and in some cases, you can be approved for this card with no credit history. While there are secured cards with lower fees, more significant perks and alluring rewards, th...

- Garrett Yarbrough, Bankrate

When it comes to secured credit cards, the OpenSky Secured Visa may not have the lowest fees or the best benefits, but it is one of the best options for someone with severely damaged credit, a recent bankruptcy or who owes back taxes. Because they don’t pull your credit report, anyone with a valid S...

- Jeffrey Brownson, Robin Saks Frankel, Forbes

The OpenSky® Secured Visa® Credit Card is one of the few credit cards that does not require a credit check or bank account for approval -- its main draw compared to competitors like the Discover it® Secured Credit Card* or the Secured Chime Credit Builder Visa® Credit Card. As a secured credit card,...

- Lizzie Nealon, Cnet


Interest Rates
Regular APR Interest Rate 22.14% (Variable)

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

Balance Transfer Interest Rate

Balance Transfers Not Allowed

Cash Advance Interest Rate 22.14% (Variable)

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

Rates & Fees
Annual Fee $35.00
Balance Transfer Fee
Cash Advance Fee $6.00

Or 5% of the amount of each cash advance, whichever is greater.

Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $38.00


Sign up bonus No
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
Virtual Cards No
Minimum Security Deposit $200
Minimum Age 18
Minimum Personal Income
Temporary Residents No
Additional comments

*View the Cardholder Agreement

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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