OpenSky® Secured Visa® Credit Card Review

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Our Detailed Review of This Card

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OpenSky® Secured Visa® Credit Card, which is issued by Capital Bank, is a smart choice for anyone looking to rebuild their credit. Users will enjoy monthly reporting to all 3 credit bureaus, as well as a low ongoing APR and reasonable annual fee. Although this is a secured card, no one will be able to tell the difference between this card and a regular credit card, as it looks like any other card on your credit reports. Like other secured cards, responsible use of the OpenSky Secured Visa Credit Card allows you to build a positive credit history over time.

Secured Credit Card

  • Guaranteed by your funds, which act as a “security deposit” in case you default on the loan extended by the credit card company.
  • Security deposit will be refunded in full if your account is up-to-date and paid on time when you close out your card.
  • Looks and works like any other credit card, so it won’t be apparent to others that this is a secured card.
  • You fund the card by depositing from $200 to $3,000 into a FDIC-insured account. Deposit amount is based on your credit history.

Helps Credit History

  • Helps boost your credit history by reporting to all three credit bureaus every month so you can establish or rebuild your credit.
  • Looks like any other credit card on the credit reports – there is no indication that you have a secured card.
  • If you make your payments on time, you can help improve your credit score with good payment behavior.

Fees and APR

  • $35 annual fee.
  • Purchase APR: 19.64% variable APR.
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Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.