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OpenSky Credit Card Review

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A woman sits on a grassy hill with a laptop on her lap and an OpenSky credit card in her hand.

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Disclaimer

The OpenSky Secured Visa Credit Card is a credit-building credit card. You don’t need good credit—or any credit history at all—to apply.

OpenSky® Secured Visa® Credit Card

Apply Now
on Capital Bank's secure website
Card Details
Intro Apr:
N/A

Ongoing Apr:
17.39% (variable)

Balance Transfer:
N/A

Annual Fee:
$35

Credit Needed:
Fair-Poor-Bad-No Credit
Snapshot of Card Features
  • No credit check necessary to apply. OpenSky believes in giving an opportunity to everyone.
  • The refundable* deposit you provide becomes your credit line limit on your Visa card. Choose it yourself, from as low as $200.
  • Build credit quickly. OpenSky reports to all 3 major credit bureaus.
  • 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.
  • We have a Facebook community of people just like you; there is a forum for shared experiences, and insights from others on our Facebook Fan page. (Search “OpenSky Card” in Facebook.)
  • OpenSky provides credit tips and a dedicated credit education page on our website to support you along the way.
  • *View our Cardholder Agreement located at the bottom of the application page for details of the card

Card Details +

    Call now for a FREE consultation
    CALL 833-337-8339
    • No credit check or checking account necessary to apply.
    • You choose your credit line and secure it with a refundable deposit as low as $200 and up to $3,000
    • Reports to all three credit bureaus every month so you can build credit quickly

    Who Needs an OpenSky Card

    The OpenSky credit card can be a great choice for individuals just starting to establish their credit history or those looking to rebuild their credit score. Because OpenSky doesn’t check your credit score when you apply, you don’t have to worry about being turned down based on your bad or limited credit history.

    There is not an upgrade option, so if you have already established a fair credit history, you may be better off with a different secured credit card that will upgrade with you.

    Everything You Need to Know about the OpenSky Credit Card

    Only you can decide which credit card is right for you. Here are some details that can help you decide whether OpenSky is right for you.

    The Benefits of OpenSky

    One of the biggest benefits of OpenSky is that the company believes that everyone deserves a shot at building their credit. That means it does not check your credit when you apply—you can get approved with bad credit or no credit. You also don’t need a checking account. And since there is no hard inquiry, applying won’t affect your credit score either.

    The card reports your payments to all three credit bureaus so you can build your credit quickly. According to the website, 99% of cardholders who started without a score were able to build their credit score in six months.

    Another cool thing about OpenSky is that you set your own credit limit, from $200 to $3,000, based on your refundable deposit.

    If you want to do more to learn about credit than just open a credit card, OpenSky offers credit tips and credit education, as well as an OpenSky forum on Facebook. You can connect with other OpenSky cardholders to share experiences and insights.

    The Drawbacks to OpenSky

    There are a few drawbacks to the OpenSky card. For example, there is no path to upgrade. This means that as you build your credit to a point where you qualify for an unsecured credit card or a higher credit limit, you’ll have to apply for a different card. Many other secured credit card issuers offer higher credit limits or unsecured upgrade options to grow with you. Applying for another card and closing this one can negatively affect your credit score.

    The APR for this card is 17.39% (variable), which is lower than some but higher than others. You may be able to qualify for a better rate with a different card, depending on your situation. Annual fees are fairly common with secured credit cards, and OpenSky is no exception: you’ll pay $35 a year with this card.

    Is OpenSky Worth It?

    If you haven’t yet built any credit history or have bad credit that will exclude you from other cards, OpenSky may be the right choice for you. This issuer specifically focuses on individuals like you, so its site is full of helpful information and support. But if you’ve already started your credit-building journey and are ready to take the next step, a different card might be a better fit.

    Before you apply, check your credit score for free by signing up for our Credit Report Card. You’ll see where you stand based on the five key factors that affect your credit score, plus you’ll receive personalized offers, tips, and articles tailored to your credit standing.

    OpenSky® Secured Visa® Credit Card

    Apply Now
    on Capital Bank's secure website
    Card Details
    Intro Apr:
    N/A

    Ongoing Apr:
    17.39% (variable)

    Balance Transfer:
    N/A

    Annual Fee:
    $35

    Credit Needed:
    Fair-Poor-Bad-No Credit
    Snapshot of Card Features
    • No credit check necessary to apply. OpenSky believes in giving an opportunity to everyone.
    • The refundable* deposit you provide becomes your credit line limit on your Visa card. Choose it yourself, from as low as $200.
    • Build credit quickly. OpenSky reports to all 3 major credit bureaus.
    • 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.
    • We have a Facebook community of people just like you; there is a forum for shared experiences, and insights from others on our Facebook Fan page. (Search “OpenSky Card” in Facebook.)
    • OpenSky provides credit tips and a dedicated credit education page on our website to support you along the way.
    • *View our Cardholder Agreement located at the bottom of the application page for details of the card

    Card Details +

    Get your FREE Credit Assessment online with Lexington Law
    Get started or call 844-331-2057

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