Rated 3.5/5 stars by our editorial team
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3.0/5.0 from 3 Offer Ratings
Over the Past 60 Days!
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Those who always pay their balances in full and on time will usually come out ahead.
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The offers on the credit card landscape are constantly changing which is great news for consumers.
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In the future, the companies that will thrive are those able to give customers exactly what they want, the way they want it, when they want it.
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CompareCards was one of three sites that met all the criteria.
Trusted & Secure
-
Empowering over
50,000,000 card holders Since 2005 -
OpenSky® Secured Visa® Credit Card
- Regular Purchase APR 19.64%
- Intro Purchase APR N/A
- Intro BT APR N/A
- Annual Fee $35
-
Credit Needed
No/Limited
- Card Brand Visa®
Card Details
Highlights
- Click "APPLY NOW" to apply online
- Build Your Credit fast with our monthly reporting to all 3 major credit bureaus.
- Choose your credit line as low as $200 up to $3000, secured by a fully-refundable* security deposit.
- Security deposit needs to be submitted before the credit card can be issued.
- No credit check necessary and no checking account required; apply in less than 5 minutes.
- Extra credit when you need it, increase your credit line up to $5000.
- Access to online financial education.
- *View our Cardholder Agreement located at the bottom of the application page for details of the card.
Card Fees
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)
Ongoing Information
Rewards Rate Earn 3 Avios for every $1 you spend on Aer Lingus, British Airways, Iberia, and LEVEL purchases
Annual Fee $35
Additional Card Details
$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
Expert Reviews
From the CompareCards.com Editorial Team
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 19.64% 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.
Expert Reviews of the OpenSky® Secured Visa® Credit Card
- 4.0
Regular APR
-
Intro APR
- 4.0
Fees
- 1.0
Benefits
3.5/5 Overall Rating
The Bottom Line
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.
The Good
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.
The Not so Good
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.
Consumer Reviews
Offer Rating
3.0/5.0
3 Total Ratings
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Related Card Offers
- Cash Back Rewards 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases every quarter, automatically. 1% unlimited cash back on all other purchases.
- Credit Limit Credit line will equal your security deposit of $200 or more*
- Rates and Fees No annual fee, no late fee on your first late payment. No penalty APR*
- Annual Fee $0
- Credit Needed Poor/New
- Card Brand Discover
Highlights
- No Annual Fee, earn cash back, and build your credit with responsible use.
- It's a real credit card. You can build a credit history with the three major credit bureaus. Generally, debit and prepaid cards can't help you build a credit history.
- Establish your credit line by providing a refundable security deposit from $200-$2500 after being approved. Bank information must be provided when submitting your deposit.
- Automatic reviews starting at 8 months to see if we can transition you to an unsecured line of credit and return your deposit.
- 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases every quarter, automatically. Plus, earn unlimited 1% cash back on all other purchases.
- Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score
- INTRO OFFER: We automatically match all the cash back you've earned at the end of your first year.
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
- See Rates & Fees
See additional details for Discover it® Secured
- Reports to Credit Bureaus Build Credit When Used Responsibly
- Minimum Deposit $49, $99, or $200
- Regular Purchase APR 26.99% (Variable)
- Annual Fee $0
- Credit Needed Limited/Bad
- Card Brand Mastercard®
Highlights
- Click "APPLY NOW" to apply online
- No annual fee, and all the credit building benefits with responsible card use
- Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
- You will get an initial $200 credit line after making a security deposit of $49, $99, or $200
- Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
- Easily manage your account 24/7 with online access, by phone or using our mobile app
- It's a credit card accepted at millions of locations worldwide
See additional details for Capital One® Secured Mastercard®
- Reports to the Credit Bureaus Build your credit score with responsible use
- Easy Online Application Submitting an application will not impact your credit score
- No Credit Required Apply with No Credit, LImited Credit, or Bad Credit
- Annual Fee $39
- Credit Needed Poor/Limited/No Credit
- Card Brand Visa®
Highlights
- Click "APPLY NOW" to apply online
- Good credit or bank account not required
- Your application will not impact your credit score
- Initial security deposit can be as low as $200
- Raise your credit score with responsible card use
- See additional Green Dot Visa® Secured Credit Card details
See additional details for Green Dot Visa® Secured Credit Card
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