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3.0/5.0 from 4 Offer Ratings
Over the Past 60 Days!
Foreign Transaction Fee 3% of each Transaction in U.S. dollars
Balance Transfer Fee N/A
Cash Advance Fee $6 or 5% of the amount of each Cash Advance; whichever is greater
Penalty APR 21.75% (variable)
Rewards Rate Non-rewards card
Annual Fee $35
$0 Fraud Liability No
Auto Rental Insurance No
Extended Warranty Program No
Roadside Assistance No
Purchase Protection No
Travel Assistance No
Flight Accident Insurance No
Lost Luggage Reimbursement No
Concierge Service No
A secured card is a great option for those who are looking to improve their credit, but can’t get approved for a traditional unsecured credit card, or, for those who wish to have a higher credit line that other issuers simply can’t give them. The OpenSky® Secured Visa® Credit Card allows their card holders to have a credit line as high as $5,000 (subject to approval), which is a bit higher than other secured cards, with the minimum being $200. Like most secured cards there’s not much you’re going to get in terms of rewards, points or cash back, but they do report to credit bureaus, ensuring that you'll be able to build credit with responsible use.
One great perk that makes this credit card stand out is that there is no credit check necessary to open an account. The online application is quick and easy and applicants do not need to have a checking account to get approved. Fees that are attached with this card are pretty typical with the APR at 17.64% (variable) and an annual fee of $35.
The terms and conditions of the card state penalty fees of up to $27 for a late payment and up to $25 for a returned payment and a penalty APR of 21.75% (variable) will kick in if you fail to meet the due date, exceed your credit line, or have a returned payment. A deposit is required at the time of application since approvals are instant and no checking account is required. This card will work anywhere Visa is accepted.
This secured card is right in the middle in terms of rates and fees. The annual fee is pretty low compare to similar credit cards.
There is no credit check necessary and you don't need a checking account either. A low annual fee and the potential for a high credit line makes this a great choice if you're looking for a solid secured credit card.
If you’re looking for a card with rewards, points, or cash back, this isn’t the card for you. A secured card may not be your top choice, but it’s essential to building your credit.
Editorial Note: This content is not provided by OpenSky. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by OpenSky.
4 Total Ratings