Rated 3.5/5 stars by our editorial team
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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 19.14% Variable
- 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 Non-rewards card
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 19.14% 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.
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
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Related Card Offers
- Monthly Credit Reporting Reports to the Three Major Credit Bureaus
- Rates & Fees No Penalty Rate or Application Fees*
- Low On-going Interest 9.99% APR*
- Annual Fee $49
- Credit Needed Poor/Limited/No Credit
- Card Brand Visa®
Highlights
- Click "APPLY NOW" to apply online
- Credit lines available from $200 to $5,000! Super Low Fixed 9.99% interest rate on purchases - with no penalty rate!
- No minimum credit score requirements! We invite all credit types to apply! No processing or application fees!
- Helps strengthen your credit with responsible card use. Reports to three national bureaus
- Fast, easy application process. Choose your credit line and open your Personal Savings Deposit Account to secure your line.
- See additional Green Dot primor® Visa® Gold Secured Credit Card details
See additional details for Green Dot primor® Visa® Gold Secured Credit Card
- Reports to Credit Bureaus Build Credit When Used Responsibly
- Minimum Deposit $49, $99, or $200
- Regular Purchase APR 24.99% (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, determined based on your creditworthiness
- 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®
- Cash Back Rewards 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, automatically. 1% on everything else*
- 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 to Credit
- Card Brand Discover
Highlights
- No Annual Fee, cash back on every purchase, and helps you build your credit with responsible use.
- Your Secured Credit Card requires a refundable security deposit up to the amount we can approve of at least $200 which will establish your credit line. You will need to provide your bank information when submitting your security deposit.
- We will automatically begin reviewing your account starting at 8 months to see if we can transition you to an unsecured line of credit.
- Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus, earn unlimited 1% cash back on all other purchases - automatically.
- INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
- Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
- See Rates & Fees
See additional details for Discover it® Secured
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