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.
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.
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.
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.
- 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.
|OpenSky Secured Visa Credit Card||
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