OpenSky® Secured Visa® Credit Card Review

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

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 17.39%
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still qualify.

The Good	The Bad
No credit check necessary to apply. OpenSky believes in giving an opportunity to everyone. 99% of our customers who started without a credit score earned a credit score record with the credit bureaus in as little as 6 months. Credit history not required. 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 benefits.

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.

What are the OpenSky® Secured Visa® Credit Card benefits?

OpenSky® Secured Visa® Credit Card provides the following benefits:

• 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 17.39%. It also has a variable cash advance APR of 17.39% .

What are the fees for OpenSky® Secured Visa® Credit Card?

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	up to $25
Late Payment Fee	up to $38

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

Yes, 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 may help improve your credit.

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