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
- No credit check to apply. Zero credit risk to apply!
- Looking to build or rebuild your credit? 2/3 of cardholders receive a 48+ point improvement after making 3 on-time payments
- Extend your $200 credit line by getting considered for an unsecured credit line increase after 6 months, no additional deposit required!
- Get free monthly access to your FICO score in our mobile application
- Build your credit history across 3 major credit reporting agencies: Experian, Equifax, and Transunion
- Add to your mobile wallet and make purchases using Apple Pay, Samsung Pay and Google Pay
- Fund your card with a low $200 refundable security deposit to get a $200 credit line
- Apply in less than 5 minutes with our mobile first application
- Choose the due date that fits your schedule with flexible payment dates
- Join over 1.2 million cardholders who’ve used OpenSky to build their credit
- 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 25.64% (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
- No credit check to apply. Zero credit risk to apply!
- Looking to build or rebuild your credit? 2/3 of cardholders receive a 48+ point improvement after making 3 on-time payments
- Extend your $200 credit line by getting considered for an unsecured credit line increase after 6 months, no additional deposit required!
- Get free monthly access to your FICO score in our mobile application
- Build your credit history across 3 major credit reporting agencies: Experian, Equifax, and Transunion
- Add to your mobile wallet and make purchases using Apple Pay, Samsung Pay and Google Pay
- Fund your card with a low $200 refundable security deposit to get a $200 credit line
- Apply in less than 5 minutes with our mobile first application
- Choose the due date that fits your schedule with flexible payment dates
- Join over 1.2 million cardholders who’ve used OpenSky to build their credit
