OpenSky® Secured Visa® Credit Card OpenSky<sup>®</sup> Secured Visa<sup>®</sup> Credit Card
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4 5stars

OpenSky® Secured Visa® Credit Card Review

OpenSky Secured Visa Credit Card
Rating:
Bottom Line:
Smart pick for those looking to rebuild their credit; includes 3-bureau credit reporting

Full Review:
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.



Highlights From Capital Bank
  • 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.
  • 99% of our customers who started without a credit score earned a credit score record with the credit bureaus in as little as 6 months.
  • We have a Facebook community of people just like you; there is a forum for shared experiences, and insights from others on our Facebook Fan page. (Search "OpenSky Card" in Facebook.)
  • OpenSky provides credit tips and a dedicated credit education page on our website to support you along the way.
  • *View our Cardholder Agreement located at the bottom of the application page for details of the card.

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: 19.14% variable APR.


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.

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Card Details

Type of Card:Secured Visa for those with poor or no credit
Purchase APR:19.14% variable
Secured Card Deposit:$200
Annual Fee:$35 annual fee

Disclaimer: This content is not provided or commissioned by the credit card issuers. Opinions expressed here are author's alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers. This site may be compensated through the affiliate program of the credit card issuers.

*See credit card application page for additional details.

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