WalletHub Rating
3.3/5
The OpenSky Credit Card is a good credit card for people with bad credit who want high approval odds because there is no credit check when you apply. The downside of the OpenSky Card is its $35 annual fee, but that can be worth it for the chance to rebuild your credit.
WalletHub Rating Breakdown
User Reviews
3.5/5
6,692 reviewsRead and write reviews
Editor’s Review
4.0/5
John Kiernan, Credit Card EditorRead full review
Market Comparison
Market Comparison
3.2
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Rebuild Damaged Credit” for this card.
Fees
3.0
Rewards
0.0
Cost
2.0
APR
2.5
Other Features
4.4
3.2/5
Compared against 1,500+ credit cards
KEY TERMS
Accepted Credit Scores
Accepted Credit Scores
Limited History, No Credit, Bad Credit
OpenSky Minimum Security Deposit
$200
OpenSky Fees
One-Time Fees→$0
Annual Fee→$35
Monthly Fee→$0
OpenSky APR on Purchases
25.64% (V)
OpenSky's Additional Info
New feature! Earn up to 10% cash back on everyday purchases
No credit check to apply. Zero credit risk to apply!
Looking to build or rebuild your credit? 2 out of 3 OpenSky cardholders increase their credit score by an average of 41 points in just 3 months
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
Fund your security deposit over 60 days with the option to make partial payments
Over 1.4 Million Cardholders Have Used OpenSky Secured Credit Card To Improve Their Credit
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Apply Now
at Capital Bank's secure site
Editor's ReviewFact checked
Fact checked
John Kiernan, Managing Editor
May 23rd, 2024
Fact Checked by Alina Comoreanu
Senior Researcher
OpenSky Pros & Cons
Reasonable $35 annual fee
As low as $200 minimum deposit
3% foreign transaction fee
OpenSky Review
4.0 / 5
The OpenSky Credit Card is a good credit card for people with bad credit who want high approval odds because there is no credit check when you apply. The downside of the OpenSky Card is its $35 annual fee, but that can be worth it for the chance to rebuild your credit.
Without a credit check, the OpenSky Card’s main approval requirements are being 18+ years old and having enough income to afford a $200+ security deposit, along with monthly bill payments.
Below, you can find additional information to help you make up your mind about applying for the OpenSky Secured Visa.
OpenSky Secured Credit Card Review Highlights
No credit check is great news for credit-rebuilders
Nearly all credit cards – including secured cards – require a credit check and have certain approval criteria that applicants must meet. For example, it can be difficult to get many secured cards if you have a recent bankruptcy or tax lien on your record. But that’s not the case with the OpenSky Credit Card.
OpenSky simply needs to verify your identity. This saves you from a hard credit inquiry that could temporarily lower your credit score, while enabling you to begin adding positive information to your credit reports as soon as possible.
$35 annual fee isn’t cheap or expensive
OpenSky’s annual fee is about average for a secured card, according to WalletHub data. So it isn’t necessarily a deal-breaker. But there are some secured cards with no annual fee, which you should definitely check out if your credit isn’t too severely damaged.
$200 minimum security deposit
The OpenSky Visa is a secured credit card, which means you will be required to place a refundable security deposit, the amount of which will act as your credit limit. This limits the issuer’s risk, giving applicants higher approval odds and fairly low fees.
Rewards on select purchases
You can now earn up to 10% cash back on purchases made with your OpenSky card at 40,000+ retailers. This adds a whole new dimension to the offer and can make rebuilding credit less costly overall.To find out more, you can visit OpenSky Rewards in the OpenSky app for participating retailers or visit their site.
Other fees to watch out for
For example, the OpenSky Secured Credit Card charges a 3% foreign-transaction fee and a late fee of up to $40.
Average APR, but financing still isn’t wise
Carrying a balance from month to month with a secured card doesn’t make much sense because it’s basically the equivalent of charging yourself for a loan. But if you’re unable to pay your bill in full during a given month, your balance will accrue interest at a rate of 25.64% (V), which is slightly above whatthe average secured card charges, according to WalletHub’s latest Credit Card Landscape Report.
For more help finding the best credit card to rebuild your credit, plus specific credit-improvement advice, sign up for a free WalletHub account. You can also track your progress with free credit scores and reports.
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OpenSky Video Review
Compare The OpenSky vs. Popular Alternatives
 OpenSky® Secured Visa® Credit Card |  Capital One Platinum Credit Card |  First Progress Platinum Elite Mastercard® Secured Credit Card |
|---|---|---|
3.3WalletHub Rating WalletHub Rating 3.3 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Rebuild Damaged Credit." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 4.0 User Reviews 3.5 Market Comparison 3.2 fees: 3.0 rewards: 0.0 cost: 2.0 APR: 2.5 Other Features: 4.4 | 3.6WalletHub Rating WalletHub Rating 3.6 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 5.0 User Reviews 3.6 Market Comparison 3.4 fees: 5.0 rewards: 0.0 cost: 3.3 Other Features: 4.5 | 3.1WalletHub Rating WalletHub Rating 3.1 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Rebuild Damaged Credit." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 3.7 User Reviews 3.5 Market Comparison 3.0 fees: 3.3 rewards: 0.0 cost: 2.0 APR: 2.5 Other Features: 4.3 |
minimum deposit$200 | minimum depositNo Deposit Needed | minimum deposit$200 |
one time fees$0 | one time fees$0 | one time fees$0 |
annual fee$35 | annual fee$0 | annual fee$29 |
monthly fee$0 | monthly fee$0 | monthly fee$0 |
Regular APR25.64% (V) | Regular APR29.99% (V) | Regular APR25.24% (V) |
rewards rate | rewards rate | rewards rate |
Sponsored Apply Now | Sponsored Apply Now | Sponsored Apply Now |
Open Sky Credit Card FAQ
Can't find what you are looking for? Submit your question about OpenSky® Secured Visa® Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Most Popular
15
Upvotes
How long does it take to get approved for the OpenSky credit card?
Reply
15
6
Evelyn Boros, Credit Cards Moderator
@evelyn_boros
It usually takes 24-48 hours to get approved for the OpenSky credit card. So, the only thing that involves a bit more waiting is your credit card delivery, which should take about 2 weeks.
Of course, application processing will take longer if they're not able to verify your identity right away. In this case, they will send you an email and your responsiveness will ultimately determine the timing of receipt of your credit card.
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2
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10
Upvotes
How can I get a cash advance with my Opensky credit card?
Reply
10
5
James bronzz, WalletHub Analyst
@jbronz
You can get a cash advance with your OpenSky card at any ATM that accepts Visa. That is virtually any ATM in the world, as the Visa network benefits from extensive worldwide acceptance. Keep in mind that you'll need a PIN to get an OpenSky cash advance from an ATM. If you haven't received a PIN with your card, call the number on the back of your card to request one. Alternatively, you can visit...
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17
Upvotes
How long does it take to improve my credit score with an OpenSky credit card?
Reply
17
9
Chip Lupo, Credit Card Writer
@CLoop
It takes 1-3 months for OpenSky to improve your credit score, depending on how you manage the account. Nearly 50% of OpenSky cardholders who pay their bill on time in the first 3 months see credit score improvement of 30 points or more, according to the company.
The OpenSky® Secured Visa® Credit Card reports account information to the credit bureaus once a month. If the information that shows up on your credit reports is positive, it will improve...
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1
6
Upvotes
Is the OpenSky credit card legit?
Reply
6
4
Chip Lupo, Credit Card Writer
@CLoop
The OpenSky® Secured Visa® Credit Card and OpenSky® Plus Secured Visa® Credit Card are legit. They are issued by Capital Bank, a legitimate business that is an FDIC member and has a "B" rating with the Better Business Bureau. OpenSky also reports information to the major credit bureaus each month.
Why The OpenSky Card is Legit
- Issued by Capital Bank, FDIC member with a "B" rating from the Better Business Bureau.
- Rated 4/5 stars by WalletHub editors.
- 3.5 / 5 average...
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1
8
Upvotes
Does OpenSky run your credit?
Reply
8
3
Bogdan Roberts, Credit Cards Moderator
@bogdan_roberts
No, the OpenSky card does not run a credit check when you apply. In fact, this card does not perform any credit checks. OpenSky is a secured credit card designed for those looking to rebuild their credit, so it is available to applicants with bad or no credit.
OpenSky requires a minimum security deposit of $200. Your refundable security deposit also acts as your credit limit.
You can submit an application online. You will need to provide...
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2
1
4
Upvotes
How much is the Open sky annual fee?
Reply
4
WalletHub
@WalletHub
The OpenSky annual fee is $35. OpenSky's $35 annual fee is higher than the average annual fee among new credit card offers right now. It's not the only fee you need to worry about with the OpenSky® Secured Visa® Credit Card, either.
OpenSky Fees
- Annual Fee: $35
- Cash Advance Fee: 5% (min $6)
- Foreign Fee: 3%
- Balance Transfer Fee: N/A
- Max Late Fee: $40
To learn more,...
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3
6
Upvotes
Is OpenSky a major credit card?
Reply
6
7
Bogdan Roberts, Credit Cards Moderator
@bogdan_roberts
Yes, OpenSky is considered a major credit card. It is on the Visa network, so it benefits from extensive worldwide acceptance. However, if you're asking if OpenSky belongs to a major bank, then the answer would be no. The card is issued by Capital Bank, which is not one of the major credit card issuers.
One of the main points of attraction for OpenSky is the fact that it does not perform credit checks and is open to applicants...
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4
29
Upvotes
Can you rent a car with an OpenSky credit card?
Reply
29
24
WalletHub
@WalletHub
Yes, the OpenSky Visa can be used everywhere Visa credit cards are accepted, including car rental agencies. With that being said, rental companies typically place a hold on your payment account to cover incidentals. So you'll need to have enough money in your account to cover the hold as well as the initial rental fees. As a result, we recommend contacting the rental company ahead of time to determine how much money to load to...
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60
Upvotes
How long does it take to get the OpenSky card in the mail?
Reply
60
47
WalletHub
@WalletHub
It typically takes 7-14 business days for your OpenSky card to arrive by mail. The card is mailed upon application approval, after your security deposit is received and processed.
If your card doesn't arrive within the typical delivery time window, you should call customer service at (800) 859-6412 to check on it. They'll be able to send you a replacement card if the original got lost in the mail.
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8
Upvotes
What's the OpenSky phone number for customer service?
Reply
8
4
Peter Fox, WalletHub Analyst
@PeterFox
The OpenSky phone number for customer service is(800) 859-6412. Alternatively, you can also contact their customer service via the OpenSky mobile app foriOSandAndroidor mail.
How to contact the OpenSky customer service:
- Phone:To contact the OpenSky customer service over the phone, just call(800) 859-6412. Follow the prompts and you will be connected to a live representative.
- Through the app: You can also reach customer service through your...
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2024 WalletHub Awards
OpenSky® Secured Visa® Credit Card is an Editor's Pick for:
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OpenSky Reviews
Share your insights and review for the OpenSky® Secured Visa® Credit Card
5
31%
4
24%
3
22%
2
13%
1
10%
3.5
6,692 reviews
6,692 reviews
What's Your Rating?
Most Recent
Jonathan Shutko
@jayshutko
1 Star Rating
Bad experience, more of a headache than a help, it actually did more damage to my credit than anything else and kept my money tied up where it couldn't be of any use.
Comment
James Williams
@moonport1963
5 Star Rating
Despite all the 1-star reviews, this is a decent card. I have one and contacted customer service once to inquire about payment times and when it would be available back to my credit limit after posting, and they were very helpful with an answer. There was no rudeness from the representative I dealt with. And no, I do not work for them; I'm only expressing my experience as a customer.
If you manage the card properly and make your payments on time, your credit score will increase. In fact, since this card does not do a hard inquiry, just the fact that your report now shows a new open account may boost your FICO score quickly when it shows on your credit report. The purpose of this card is to provide you with a credit history and to increase your FICO score from no score, without impacting your current score/report with a hard inquiry. Don't expect to get a card with bad/no credit as easily as getting this card. With proper management, responsible usage, and a good on-time payment history, you will eventually get your FICO score high enough for future loans/credit cards. It's not an overnight process.
As for payment availability, expect your very first payment to take an extended time to become available to your credit limit after it posts to the card. My first payment took about four days to go back into my available credit after it posted. But with subsequent usage and payments, and after it has been established that you have a good standing payment method, then the available credit is there the day your payment posts.
Comment
May Ot
@primissive
1 Star Rating
Applied for the first time and received an error message that the request could not be processed at that time, so I tried a second time but received the same message. Yet, they took my $200 deposit twice. Spent days trying to contact customer support but couldn't get through to a real person and eventually, I let it go. I did receive the card but it always blocked me from making purchases. Had my wallet stolen so needed a replacement. Often had to call and ask when the card would arrive, there was always an excuse and the estimated arrival time was pushed further. I had been away fighting illness for a while so I stopped calling about it, but even after so many months, I never received that card.
Comment
John Broxton
@johnbroxton06
This is a terrible card. I have been refused purchases time and time again.
Comment
aniita o s
@aniita24
@johnbroxton06 I agree, horrible company. They just pass you on to another rep and reps will all hang up. DONT APPLY FOR OPEN SKY they closed my acct bc I couldn’t pay it, but I couldn’t pay bc they weren’t cooperative with my bank. Every payment was done by another card, since open sky wants to act up and not receive document in the only way Wells Fargo would send.
Comment
2
doesmatter2me
@doesmatter2me
1 Star Rating
This company doesn't care about their customers. They treat customers poorly. Complete waste of money and a terrible company all around.
Comment
yacine kaciousalah
@tawwat
1 Star Rating
The owners of this card are unethical.
I registered for this card in September 2023 and paid a deposit of $500.
I was supposed to get my money back within 6 months.
I used the card responsibly and paid all bills ahead of time.
I contacted them today, after more than 6 months, to get my money back, but they told me they would refund my money on the condition that they close the account.
I told them that it was unreasonable to close the account, as if the account were closed, I would lose the credit history that I had built up with them for 6 months.
Unfortunately, they confront you with harsh reality and force you to surrender your deposit against your will in order to preserve your credit account.
The truly unfortunate thing is that I actually got my money back from Capital One after 5 months without contacting them, and the same goes for Discover after month 7, but this company's actions are deplorable.
I advise against dealing with them, and legal measures are being taken against them with all proof provided.
Comment
Stacy
@stcmthrs
1 Star Rating
I loathe this card. It's the absolute worst, and I would cancel it if it wouldn't affect my credit negatively. Customer Service is non-existent. I regularly get locked out of my account because randomly my password for the app, where I pay my bill, gets reset without my knowledge or warning. It's also a secured card that has a yearly $35 fee. This card and the company it's associated with are subpar. If you are advised to get this card, ask if they have a different suggestion because this card is not worth the aggravation.
Comment
Alex Gee
@loyaltyent
2 Star Rating
Stole My Deposit for 2 Years and Have Not Returned It
What started as a credit-building journey turned into a credit builder scam. I entrusted OpenSky with a credit card deposit initial amount of $1,000 to begin building credit. As I further trusted them, I increased my deposit to $1,500. At one point, I almost went ahead and increased my deposit further to $5,000. Thankfully, something just made me decide not to do it. For 2 years straight, I made all my payments on time; maybe just one was slightly late at most, but overall I was nearly perfect. Then out of the blue, they closed my account for no reason.
At first, I was devastated because I wanted to keep building my credit, but ultimately I accepted it and was doing fine getting accepted with normal credit companies. However, OpenSky would not return my security deposit of $1,500. Their customer service often has hours of wait, no email, no chat, no text. They have a sort of P.O. Box for mail and a long customer service wait nightmare. For years, I have waited to get this security deposit back, being tossed from one department to the next. Only today have I discovered I have to talk to the "Carson Smithfield" department (brand-new information) to attempt to get my security deposit back. I've had enough. These individuals should not be allowed to operate! They prey on people needing to build credit, then withhold their deposit. Give me back my security deposit, OpenSky!
Comment
Jen Mc
@jlmccarthy99
1 Star Rating
Do not sign up—they are fraudulent. I tried to dispute a fraudulent charge and they refused to provide an email address. I sat on hold for close to 90 minutes—only to be asked if I had a fax machine to send backup information. What is this, 1989? Their customer service is practically non-existent. I am closing my account.
Comment
3
duplessism00
@duplessism00
Thank you for providing this information. It's exactly what people need to know that otherwise wouldn't hadn't you taken the time to report it!
Comment
6
1
Dianne Hindman
@DianneHindman
1 Star Rating
I am thoroughly disappointed and disgusted with OpenSky. They declined my purchase, and when I told them to cancel it and refund my money, they said I would not get my money back for six to eight weeks! How cheap and disgusting of them. Do not use them!
Comment
1
duplessism00
@duplessism00
Thank you so much! Important info people need to know.
Comment
1
2
hvacman1127
@hvacman1127
5 Star Rating
Thank you, OpenSky! I got a secured $200 card to boost my credit score for purchasing my first home. It did exactly what I needed it to do, so kudos!
Comment
Dimitria Timothy
@dimitriaa14
How long did you use the card?
Comment
4
Review OpenSky® Secured Visa® Credit Card
Expert Thoughts on OpenSky
To help potential applicants learn more about the OpenSky Secured Credit Card, WalletHub posed the following questions to a panel of experts. You can see who they are and what advice they had to share below.
- When do you think it makes sense to seek out a credit card with no credit check for new applicants?
- Should consumers be suspicious of credit cards that don’t check applicants’ credit history?
- What should people look for when evaluating a credit card brand/company they’ve never heard of?
Paul Prabhaker
Professor of Marketing, Associate Dean Emeritus, College of Business, Northern Illinois University
Read More
Justin Virrey
Lecturer, University of California, Davis - Graduate School of Management
Read More
Pramod Iyer
Ph.D., Assistant Professor, Middle Tennessee State University
Read More
Diogo Hildebrand
Ph.D., Assistant Professor of Marketing, Zicklin School of Business, Baruch College, City University of New York
Read More
OpenSky® Secured Visa® Credit Card
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