Opensky® Secured Visa® Credit Card
Consumer Reviews, Credit Score and Income Needed, Credit Limits

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Opensky Credit Card Details
Issuer | Capital Bank |
Annual Fee | $35 |
APR (Purchases) | 17.64% V |
APR (Cash Advances) | 17.64% V |
Min Security Deposit | $200 |
Max Security Deposit | $3000 |
Reports As | Unsecured |
Foreign Transaction Fee | 3% |
Cash Advance Fee | Max ($6 or 5%) |
Late Payment Fee | Up to $38 |
Return Payment Fee | Up to $40 |
Grace Period | 25 Days |
Additional Card Fee | $0 |


Pros and Cons
Pros
- No Credit Check
- Report as unsecure
- Can use debit or prepaid card, Western Union for deposit
Cons
- Cannot graduate (because Opensky has no unsecured credit card)


Our Take
In our opinion, this is one of the best credit card for those of you who have really bad credit and have been denied from other cards. The key feature of this card is that there is no check check so you do not risk any hard pull at all. All they need is to verify your identity. It also reports as unsecured (which appears as normal "credit card" in your credit reports).
You also do not need a bank account to deposit your refundable security deposit check. You can do so with a debit or prepaid card, Western Union, Snail Mail check or money order. In fact, funding your deposit by debit or prepaid card is the fastest method and you get your card sooner.
If you have already been rejected by other unsecured or even secured credit cards, this card is a great option to rebuild your credit. The lack of hard pull on your credit report is definitely worth the $35 annual fee. Once your credit score has improved enough to the point when you can get an unsecured credit card with no annual fee, then you can simply cancel the card and get back your fully refundable deposit.