Who is OpenSky Secured Visa Credit Card Designed For?

The OpenSky Secured Visa Credit Card is designed for people who want to build their credit with a low-cost secured card that doesn't require a credit check or charge outrageous fees. OpenSky Secured Visa is a secured card, which means the credit line is based on how much money cardholders can place as a security. The security deposit is fully refundable and starts as low as $200 up to $3,000.

What are the Rates for OpenSky Secured Visa Credit Card?

The OpenSky Secured Visa Credit Card charges all cardholders 18.39% APR for purchases and cash advances, regardless of their creditworthiness. Cardholders who are late on their payments are hit with a 22.50% APR penalty rate that will continue in place until the member makes six consecutive on-time payments.

What Are the Fees for OpenSky Secured Visa Credit Card?

OpenSky Secured Visa charges a $35 annual fee, which is competitive for a secured credit card that accepts all credit types and doesn't require you to open a checking account. Cash advances come with a 5% fee ($6 minimum charge). It also charges a 3% fee on foreign transactions in U.S. dollars, a $27 late payment fee and a $25 returned payment fee.

Does the OpenSky Secured Visa Credit Card Have Any Other Benefits?

OpenSky Secured Visa reports monthly to all three credit bureaus. This allows cardholders to start building a solid credit history of timely payments as soon as they open the account, which can improve your credit score over time. It also offers members free access to online financial education.

OpenSky Secured Visa has flexible funding options that allow people without a checking account to qualify for a credit card. As well as using a debit card or bank transfer, cardholders can fund their security deposit with WesternUnion wire transfer or by mailing a money order.

How Is OpenSky Secured Visa Credit Card Better Than Other Credit Cards? 

- 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 OpenSky Secured Credit Card's Cardholder Agreement located at the bottom of the application page for details of the card.

  • Credit Score Range
    300 - 700
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
  • Supported Income Types
    • 1099 Misc. Income
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Customer Type
  • Annual Fee
  • Grace Period / Deferred Interest
  • Late Payment Penalty
  • Minimum Interest Charge
  • Returned Payment Fee
  • Foreign Currency Transaction Fee
  • Card Type
  • Card Network
  • Fraud Liability
  • Balance Computation
    average daily balance (including new purchases)
  • Credit Limit
  • Penalty APR
  • Purchases APR (variable)
    Starting at 18.39%
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