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OpenSky® Secured Visa® Credit Card

Credit needed
Fair/ Poor/ Bad/ No Credit
Annual Fee

Card Summary

OpenSky Secured Visa Credit Card does not require credit checks. The starting credit limit is set by the amount of the refundable security deposit. It can range from $200-$3,000.

All activity on the card will be reported to the three main credit bureaus. There is a $35 annual charge and a 3.3% foreign transaction fee.

The cardholder benefits include $0 in fraud coverage and rental insurance. OpenSky Secured Visa Credit Card review: Although the OpenSky Secured Visa Credit Card offers credit building and rebuilding without credit checks, it does have an annual fee.

Card Summary - Cons

Rates and fees

Issuer Name
Capital One
Penalty APR
Credit Needed
Fair/ Poor/ Bad/ No Credit
Balance Transfer Fee
Annual Fee
Cash Advance Fee
6.5% or 5% depending on the cash advance amount; whichever is higher.
Foreign Transaction Fee
Each transaction in U.S. Dollars will be charged 3%.

Here’s a smart way to pay off

Capital One

The Best Features

Capital Bank does not check credit scores when you apply to the OpenSky Secured Visa Credit Card. Deposit refundable: OpenSky Secured Visa Credit Card will require a $200-$3,000 security deposit. The amount of the deposit will affect your credit limit.

If your account has been closed, and your balance is paid in full, your entire deposit will be refunded within 10 weeks.

Credit reporting: All activity with the OpenSky Secured Visa Credit Card will be reported to all major credit bureaus.


Sign up bonus

APR Requirements


Card fees: This card has a $35 annual charge. There is also a $6 cash advance fee or 5% of each advance, whichever is higher. A 3% foreign transaction fee and late payment penalties of up to $38 are possible. Returned payments incur a $25 fee.

OpenSky Secured Credit Card Holders are required to pay a $1 minimum interest rate. You'll be charged at least $1 interest for every $1 you earn, regardless of how much you actually pay.

There is no welcome bonus: The OpenSky Secured Visa Credit Card does not offer an introductory bonus.


Apply without a credit check. OpenSky is committed to giving everyone an equal opportunity. Your Visa credit limit is the refundable* deposit that you make. You can choose it from as little as $200 and build credit quickly.

OpenSky provides credit reports for all three major credit bureaus. Our customers that started with no credit history have a record of credit scores at the credit bureaus within 6 months.

There is an open Facebook community for people like you. You can share your experiences and gain insights from other members on the Facebook Fan Page. Search "OpenSky Card", in Facebook. OpenSky offers credit tips as well as a page dedicated to credit education on its website. This will help you in your journey. For more information about the card, please see our Cardholder Agreement at the bottom. OpenSky Secured Credit Card:

What are the fees?

Annual Fee: $35Cash advance fees: This fee equals 5% or $6. For each international transaction, there is an additional 3% fee.

Late Payment Fee: This fee is up to $27 for the first late payment and $38 for any subsequent late payments within six months. Return payment fee: $25.


Comparative Analysis with Other Cards

OpenSky Secured Credit Card vs. Citi Secured MasterCard:

An annual fee for the OpenSky Secured Visa Credit Card is $35 while the Citi Secured Mastercard has no annual fees.

Reward Points: You can't earn any rewards on either of these cards.

Sign up bonus: No card provides a sign up bonus. OpenSky Secured Visa Card Holders have $0 Fraud Liability Coverage and Auto Rental Insurance. These benefits are also available with the Citi Secured Mastercard. Citi Secured Mastercard offers identity theft protection and FICO credit score access for free.

Capital One Platinum Secured Credit Card vs OpenSky Visa Secured Credit Card:

OpenSky Secured Visa Credit Card Holders must pay an annual $35 fee. Annual fees are not charged by the Capital One Platinum Secured Credit Card.

Rewards: There is no rewards program on either card.

No sign-up bonus for either cards. The OpenSky Secured Visa Credit Card as well the Capital One Platinum Secured Credit Card have $0 fraud coverage. They also offer auto rental insurance, emergency card services and auto rental insurance. The Capital One Platinum Secured Credit Card will give you access to Mastercard Identity theft Protection and your security deposit may be as low at $49.

Maximizing Rewards

Annual Fees


Do You Need the OpenSky Visa Secured Credit Card?

If you are:

You want to increase your credit score without having to go through a credit check.
You can afford at most $200 for a deposit.
You don't mind paying an annually fee.

No late fees. Reduced interest charges. Pay off

Capital One