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OpenSky® Secured Visa® Credit Card review

6.7/10 AVG.
RATING
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  • OpenSky® Secured Visa® Credit Card

Specs / Features


Interest Rates
Regular APR Interest Rate 17.39% (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 17.39% (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

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
Virtual Cards No
Eligibility
Minimum Security Deposit $200
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments

*View the Cardholder Agreement located at the bottom of the application page for details of the card

Terms & Conditions Official Terms & Conditions
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Reviews summary section

What's good

  • 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.
  • They have a Facebook community of people just like you; there is a forum for shared experiences, and insights from others on their Facebook Fan page. (Search “OpenSky Card” in Facebook.)

What's bad

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

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