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?
To get this card, you must also:
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...
- Chris Dong, The Points GuyThe 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...
- Emily Sherman, CreditCards.comWith 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.
- Garrett Yarbrough, BankrateThe 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...
- Jeffrey Brownson, Robin Saks Frankel, ForbesWhen 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...
- Lizzie Nealon, CnetThe 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,...
Details
| 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 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 |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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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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