Since 2019, Opensky has increased credit limits of their secured credit cards without the need for additional deposits. Officially, they will consider you for this after at least 6 months of having the card. We had gathered some feedback from consumer who have gotten credit limit increases from Opensky. Most have gotten up between 7 to 12 months after opening the card.
Today, I I decided to check out my Opensky account summary and realized that I had got a CLI without any need to top up my security deposit. I started off my $200 when I got the card and was actually going to cancel the card. But the customer rep managed to waive my annual fee so I hung on to the card. Well, today is about 11 months since I had the card and I got a $100 credit line increase. I never expected this...so thanks Opensky.
I started off with $500 on Opensky in 2021. I just checked my app and saw that my new credit limit is now $700. It is now 7 months so I got a $200 CLI after 7 months (as a reference point).
I opened my Opensky in the beginning of 2021 with a $300 security deposit and hence $300 limit. After 9 months, I found out that my new credit limit is now $600. I did not need to add any additional deposit. So $300 is secured and $300 is unsecured.
I started with Opensky with $200 dollars. After 8 months, I got a $100 CLI so my credit limit is now $300. I have only put up $200.