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OpenSky Secured Visa

in Personal Credit Cards from Capital Bank

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OpenSky Secured Visa

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in Personal Credit Cards from Capital Bank

SuperMoney Net Recommendation Score +17% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

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2 users recommend
3 users are unsure
1 user doesn't recommend
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Highlights
Highlights
Community Rating Mostly recommended
Balance Transfer APR  (Variable APR) N/A
Credit Score Range 300 - 700
Annual Fee $35
Purchase APR  (Variable APR) 18.89%
Number of Reviews 6

OpenSky Secured Visa Review

OpenSky Secured Visa is a secured credit card credit card issued by Capital Bank. If you're wondering whether OpenSky Secured Visa is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 18.89%
  • 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.

OpenSky Secured Visa Pros and Cons:

The Good The Bad
  • Considers applicants with fair or poor credit.
  • OpenSky Secured Visa 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 cash back or rewards program?

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

What are the OpenSky Secured Visa benefits?

OpenSky Secured Visa provides the following benefits:

  • Zero fraud liability
  • Reports to major credit bureaus

What are the relevant APRs for OpenSky Secured Visa?

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 has higher than average purchase APRs.

OpenSky Secured Visa has a variable purchase APR of 18.89%. It also has a variable cash advance APR of 18.89% .

Does OpenSky Secured Visa have an introductory APR offer on balance transfers?

No, OpenSky Secured Visa does not come with an introductory APR offer for balance transfers.

Does OpenSky Secured Visa have an introductory APR offer on new purchases??

OpenSky Secured Visa does not offer an introductory rate on new purchases.
OpenSky Secured Visa Purchase Intro Offer
Description
Introductory Rate N/A
Purchase Intro APR Period (months) N/A

What are the OpenSky Secured Visa fees?

The following fees apply to OpenSky Secured Visa:

  • There is no overlimit fee
OpenSky Secured Visa 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 have a foreign transaction fee?

OpenSky Secured Visa charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

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

OpenSky Secured Visa 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

  • Visit the OpenSky Secured Visa 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.

OPENSKY SECURED VISA Disclosure: {{business_name}}
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Message from Capital Bank

Build better credit NOW for more possibilities TOMORROW. OpenSky® can help you get — and stay — on the road to better credit.

About OpenSky Secured Visa

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Over-Limit Fee $0
No Interest Grace Period for Late Payment 25 days
Paper Statement Fee $0
Cash Advance Fee Minimum $6
Cash Advance Fee (%) Up to 5%
Minimum Cash Advance Fee ($) Starting at $6
Foreign Currency Transaction Fee 3%
Annual Fee $35
Minimum Interest Charge $1
Returned Payment Fee Up to $25
Late Fee Amount Up to $38
Customer Type Personal
Minimum Age 18
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 300 - 700
Card Type
  • Bad Credit
  • Secured
Card Network Visa
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Credit Card Benefits Fraud Liability
Rewards Type No Rewards
Security Deposit $200 - $3,000
Cash Advance APR (Variable APR) 18.89%
Balance Computation average daily balance (including new purchases).
Credit Limit $0
Purchase APR (Variable APR) 18.89%

OpenSky Secured Visa Community Reviews

 

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