OpenSky Secured Visa Credit Card Review

OpenSky Secured Visa Credit Card is a secured credit card credit card issued by Capital Bank. 

Secured cards are credit cards that require a refundable deposit before you qualify for a line of credit. These cards are often used to build the credit of consumers with with poor credit or little credit history.

This card is designed for people who have bad credit. The minimum credit score to apply is 300.

This card has a minimum credit limit of $3000.

If you're wondering whether OpenSky Secured Visa Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

Pros & Cons of OpenSky Secured Visa Credit Card

The Good	The Bad
Considers applicants with fair or poor credit. OpenSky Secured Visa Credit Card reports to multiple credit bureaus.	Higher than average purchase APRs. Charges an annual fee of $35. Does not offer a signup bonus. Does not offer rewards or cash back. Charges a foreign transaction fee of 3%. You don't earn rewards on every purchase. Does not include many credit card rewards.

Is there a OpenSky Secured Visa Credit Card cash back or rewards program?

No, OpenSky Secured Visa Credit Card does not offer a rewards program.

OpenSky Secured Visa Credit Card Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A

What are the OpenSky Secured Visa Credit Card benefits?

OpenSky Secured Visa Credit Card provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for OpenSky Secured Visa Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. OpenSky Secured Visa Credit Card has higher than average purchase APRs.

OpenSky Secured Visa Credit Card has a variable purchase APR of 19.14%. It also has a variable cash advance APR of 19.14% .

OpenSky Secured Visa Credit Card Balance Transfers

Description
Balance Transfer APR	N/A
Introductory Rate	N/A
Intro APR period (months)	N/A

OpenSky Secured Visa Credit Card Rates & Terms

Description
Balance Computation	average daily balance (including new purchases)
Purchase APR	19.14%
Credit Limit	$3000
Penalty APR	N/A
Cash Advance APR	19.14%
Security Deposit	$200 - $3,000
Introductory Rate	N/A
Intro APR period (months)	N/A

What are the OpenSky Secured Visa Credit Card fees?

The following fees apply to OpenSky Secured Visa Credit Card:

• There is no overlimit fee

OpenSky Secured Visa Credit Card Fees

Fees	Amount
Annual Fee	$35
Overlimit Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	$25
Late Payment Fee	$38

Does OpenSky Secured Visa Credit Card report your account activity to credit bureaus?

OpenSky Secured Visa Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for OpenSky Secured Visa Credit Card

• Visit the OpenSky Secured Visa Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.