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Open Sky℠ Secured Visa® Credit Card

Required Credit Score:
Bad
Minimum. Security Deposit:
$200
2,518 reviews   Write a Review
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at Capital Bank’s
secure site
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Open Sky℠ Secured Visa® Credit Card’s Key APRs & Fees

  • ONE-TIME FEES None
  • ANNUAL FEE $35
  • MONTHLY FEE None
  • REGULAR RATE 17.64% (V)
  • GRACE PERIOD 25 days

Open Sky℠ Secured Visa® Credit Card’s Highlights

  • Build Your Credit, with monthly updates to all 3 credit bureaus.
  • Control Your Finances, start with a security deposit and credit line as low as $200.
  • Extra Credit When You Need It, increase your credit line up to $3000.
  • Avoid paying interest, no interest charged on new purchases if the balance is paid in full by the due date each month.
  • Easy funding options, with 4 ways to fund and NO checking account needed.
  • After your Account is open for one year or more Capital Bank will charge you a Credit Limit Increase Fee of $25.00 each time you add Deposit Funds and increase the Credit Limit and a Credit Limit Decrease Request Fee of $25.00 each time you request a reduction in your Credit Limit.
  • Apply in less than 5 minutes.

Open Sky℠ Secured Visa® Credit Card’s Additional Info

  • MAX LATE FEE   $27
  • MAX OVERLIMIT
    FEE  
    None
  • MAX PENALTY APR   21.75% (V)
  • FOREIGN
    TRANSACTION FEE  
    3%
  • SMART CHIP   No
  • CASH ADVANCE
    RATE
    17.64% (V)
  • CASH ADVANCE
    FEE
    5% (min $6)
Apply Now
at Capital Bank’s
secure site

Customer Questions and Answers

Don't see what you're looking for? Submit your question about Open Sky℠ Secured Visa® Credit Card to our community.

What are the payment methods?
Reply

Photo of Card H.
Jan 9, 2016
You can pay your monthly bill by check or money order. There are more options for funding your security deposit, however: check, money order, wire transfer or ACH payment. Hope this helps.
14 Votes 18 4

If I make a deposit of $250, will I get the credit limit of $250 and the deposit back? Or just the card limit?
Reply

Photo of Card H.
May 3, 2016
You would have a $250 spending limit. Then, when you close your account, you would get your $250 deposit back, minus any outstanding balance.
9 Votes 14 5

When can I get cash after paying the bill?
Reply

Photo of Card H.
Apr 16, 2016
You can monitor your online account to see when your payment is credited and the corresponding portion of your credit line becomes available. Depending on how and when you pay, this should be either the same day or the next. You can find more information in this guide: cardhub.com/edu/paying-credit-card-bills/#how-to-pay-credit-card . Please let us know if you have any additional questions.
8 Votes 13 5
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Customer Reviews

Share your insights and review the Open Sky℠ Secured Visa® Credit Card.

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3.4 out of 5

2,518 reviews
27%
20%
25%
17%
11%
Photo of Jane Y.
Jun 17, 2016
when I applied they ran out of cards to send. Then they charged me a late fee when I didn't even have the card yet. Then because of that increased my interest rate. All before I ever had the card. Once I used I paid in full the dame week by my debit card. Yet it has taken them over a week of holding funds so still cannot use. Not a good way to start this process.
Photo of Charise G.
Jun 7, 2016
The customer service is horrible, very rude and unclear with their expections on how to use the card. They tell you different answers when you ask questions and hang up on you after your done. Your only allowed to take off 100 in one day which is stupid to me and they charge you a fee with the ATM. I will never refer anyone to this card due to the customer service they have miserable people to answer their calls
Photo of Phillip W.
Jun 3, 2016
Do not get this card they will not help your credit in fact they will ruin it had a 640 before getting this card I've made my payments weeks before the statement due date so far they have cost me 90 points off my credit score I now have a 550 also they have charged me over a hundred dollars in fees phone fees for processing payments I made weeks earlier late fees on on bills paid weeks prior to due date you can't even pay your bill without a checking account and unless you pay your bill 2 months prior to due date and contact them at least 3 more
Photo of Chefitha A.
Jun 15, 2016
Mines went up 57 points
Photo of Karen F.
May 17, 2016
I've had this card since November 2015 and have had no issues. I applied for the card and got approved, the card arrived in about a week and a half. I put $200 on it and i only spend 30% of it each month ($60). A week before my due date i pay $50 instead of the minimum payment. I always leave about $10 on it each month, to show the credit companies that i am utilizing the card, and that i am not dependent on the money. This is a great way to get your credit back on track, my credit has improved drastically since.
Photo of Tina B.
May 17, 2016
Good info!
Photo of Jay F.
Jun 7, 2016
Do u have to add money 1st or does it come in the mail then u add money
Photo of Nikki J.
Jun 14, 2016
You need to fund the card during the application process.
Photo of Stanlo H.
May 4, 2016
This card really works you just got use it right and my score jump from 525 to 640
Photo of Chefitha A.
May 15, 2016
How long have you had the card??
Photo of Tina B.
May 17, 2016
That's good
Photo of Jay F.
Jun 7, 2016
When does it come in the mail?
Photo of Laurel H.
Apr 14, 2016
I would love to review this card but haven't received it yet! they put my address in incorrectly and reissued a card and still have not gotten it and now they send me a bill for the annual fee on a card that I haven't even gotten yet and I can't pay because I don't have the acct # since I don't have the card and you call and get put on hold forever!
Photo of Simone E.
Apr 11, 2016
I applied for this card Feb 2016. I deposited $200 and it took about 5 days for the deposit to go through. I waited 2 weeks for the card, and during the wait I noticed that my credit score went up 65 points on Equifax, 51 points on Experian, and 51 points on Transunion. So far so good. Remember only utilize up to 18% and pay it off before the end of the month. Best wishes!!
Photo of Polly B.
Apr 29, 2016
Thanks for the info will be applying for my cc on Friday.
Photo of Jody A.
Jun 10, 2016
You're lying. Everyones credit score is updated on a monthly basis, depending on your credit standing. But a good credit score is built on years of responsible habits, so your score jumping drastically like that is impossible, other wise we'd all have excellent credit. Nice try
Photo of Leta W.
Jun 12, 2016
Jody, its true. there is no lie. I was in a car accident, (passenger, hired a lawyer he missed the statue of limitations, medical bills went on my credit as a result dropped me to 508) My husband added me as an authorized user and my score jumped 111 points in one day. (the minute I was added) no credit check. you score can be bumped up in a number of ways.
Photo of Kathy G.
Apr 7, 2016
This card is a joke!!! I have a low credit score because I pay for everything in cash. Many years ago, I spent way to much time worrying about the money I owed and fearing it may be taken away if I could not pay. Now everything I have is paid for and I am proud of that. I always pay rent and utilities on time and drive an older car that I could afford to buy outright. I have refused to pay my hard-earned money to fees and interest rates. The whole idea that one has to already be in debt to have good credit in order obtain a more
Photo of Marlene F.
Mar 5, 2016
STAY AWAY from this card! I have had it since Oct of 2015 payments take several days to even post to your account like a week at least! Now all of a sudden I have mysterious charges on my account from them & they can't seem to give me a straight answer! There are reputable companies out there with secured cards go for those. I was dumb enough to fall for credit karmas insisting on this one BIG MISTAKE! paying this crappy card off and closing account ASAP!
Photo of Ravyn W.
Dec 16, 2015
THIS IS THE WORST COMPANY IVE EVER DEALT WITH IN MY LIFE!!! I do not have good credit and was perfectly happy with the interest rates to help build it back. I paid the 200 dollar deposit and started using the card. After the first month they said my payment was reversed because of insufficient funds(I have more than enough in my account). The next month they said the same thing and sent me a letter saying they are going to report it! So I went to my bank and had the banker confirm the right account and routing number and they still couldn't get it to work and said more
Photo of Rogue B.
Nov 5, 2015
I avoided credit cards and the entire crediting system for a few years because I was simply terrified of what I did with my credit in my youth... I went on Credit Karma and yes it was a mess. (Low 500s) I applied for the open sky card and did the 200 minimal and within 3 months my numbers were moving up... Its been less then a year but I have cracked the 580 range and just received my first unsecured card since I was in my early twenties... Open Sky works well just use it by the book and pay it every month...Only down side is it takes a more
Photo of Lynda C.
Oct 12, 2015
I think this Open Sky Secure card is a great deal for a secured card. There are no upfront " processing fees" and the anual rate is reasonable considering the intersest rate. Capiital one does not charge for an anual fee but they charge 7% more in interest. The fact they report to the credit beaureus is the real reason to be getting this kind of card that that is great.
Photo of Corey Y.
Aug 31, 2015
I had this card for a year and while having the card everything was ok. I paid on time and my credit did improve. When I did finally decide that the card was no longer needed I paid the balance and waited for my deposit to be refunded. after 6 weeks I called and they said it had been mailed but to the wrong address. I had updated my address 6 months prior and was receiving statements at my new address. so BS. Ok moved on and they said they were going to send the check to my new address. 4 weeks later, no refund check. I called back, on more
Photo of Jessica V.
Aug 9, 2015
The annual fee on this card is lower than most for people with bad credit. It's also secured, which can be a good or a bad thing, depending on your finances. On one hand, it's nice to be able to control your credit limit, but on the other that is money out of your pocket that you may not have had. I have docked this review one star because of the amount of little "add on" fees associated with your account. There are other secured cards out there that have fewer fees. The interest rate sucks, but thats to be expected. As with all secured cards, there is no credit more
Photo of Trish L.
Nov 20, 2015
How do you figure that if you put down a 200 dollar deposit, you get a 400 credit limit?
Photo of Stephanie C.
Apr 13, 2016
Right, u put $200 down u get a $200 limit
Photo of Dylan S.
Jul 14, 2015
I really liked having to put down a set amount of money to set my limit. It made me feel secure in the aspect that I wouldn't overspend since this was my first credit card. It's really great for people who haven't had a credit card before and is fairly simple to set up. Basically anyone can get it since they don't require a credit check so that was a big plus for me at the time since I had no credit at all. The only thing I don't like is all the extra little fees that tack on, like $25 to deposit money. It adds up quick but if more
Photo of Emery B.
Jun 30, 2015
I obtained an Open Sky Secured Visa Card during college to help build up my credit. The card was easy to get because there is no credit check, however you have to put money down in order to get a line of credit extended. Compared to other cards, like the Capital One Platinum Card, the Open Sky Visa really does not offer much. While it is easy to get, there seems to be an extra fee involved in just about everything. You have to pay $25 each time you add to the deposit and there is an extra annual fee to the card as well. It seems they try to more
Photo of Trevor A.
May 24, 2015
Overall not too bad, the no credit check definitely made it easier to handle since inquiries can really add up. It took them a while to take the funds for the collateral account, and then about two weeks for the card to arrive, but I was able to use it the same day it arrived. I had absolutely no problems with the card until I noticed that they were not reporting every month as advertised, they would often go several months without reporting. I made a major purchase with my card, which didn't use more than 10% of my limit, however when I tried to charge $140 to the card more
Photo of Thomas G.
May 14, 2015
The Open Sky Secured Visa Credit Card is a great choice for anyone who is beginning to build up their credit, for instance a college undergraduate or someone who has worked with paper most their lives. It has an interesting way of working things with they way it determines your credit line which makes it very easy for someone new to play it safe and build that credit. Compared to other credit cards it doesn't offer the best terms and rates, especially with the $25 deposit fee, but if you are not going to use it much then I highly recommend it.
Photo of Frank W.
Apr 27, 2015
The Open Sky Secured Credit card is an interesting concept. It's kind of a hybrid between a reloadable credit card and a standard card. To obtain credit, you have to put money down. For example, you put 200 down as a deposit, and have up to 400 in credit as a result.

This allows people with no or poor credit to build up a history. Unfortunately this card has a 25 dollar fee each time you add funds to it. This really adds to the cost over time. If you can't get anything else, it's an alright choice. But even so, you'll save more by getting something else as soon as more
Photo of Cj S.
Sep 6, 2015
Thats not how this card works.if you put 200$ in you get 200$ for a limit.not 400$.they do not double your deposit
Photo of Trish L.
Nov 20, 2015
Get your facts straight before commenting, please.
Photo of Stephen A.
Apr 17, 2015
if I put $200 down for the deposit do I have $400 a credit limit
Photo of Card H.
May 27, 2015
Your credit limit will be equal to the security deposit. So, if put down $200, then your credit limit will also be $200.
Photo of Jake T.
Jul 16, 2015
Do I only have to pay 25 $ just to get my credit card
Photo of Cj S.
Sep 6, 2015
They take the 29$ annusl fee off the top.so if you give them 200$ you get a card eith 171$ balance.
Photo of William L.
Apr 9, 2015
The Open Sky Secured Visa Credit Card is a good credit building card. It has a lower APR than most other credit builders. There are multiple ways to fund your card without a checking account. It is not good that they charge a twenty-five dollar fee to raise your credit limit. You have to send them money before you can use the card. The foreign transaction fee is low as well as the cash advance fee. The annual fee is pretty low and the late fee is not very high either. All in all this is a pretty good card for credit building.
Photo of Rizwan A.
Jun 27, 2015
I endors a William lantz review.
Photo of Emily G.
Mar 25, 2015
Some excellent things about this Open Sky Visa, but I would avoid.

Pros: The annual fee is low, as fees go, but there are many better cards out there with no fees at all. The 17.5% apr and max 21.5% penalty are also okay - not great, but assuming you pay on time, you could do worse. I also like the 25 day grace period on late payments. $20 is a really low late fee, too. However:

Cons: You're paying $29 a year for a card that will basically charge you for having good credit and paying attention. $25 every time you increase (or decrease) your credit line? That's RIDICULOUS. They're more
Photo of Kevin G.
Mar 10, 2015
The Open Sky Secured Visa Credit Card was a great option for me as I started to re-build my credit. It’s low entry fee, large grace period, and easily adjustable credit line kept me in check. Sure the fees for adjustable credit were a bit of an un-welcomed nuance but it forces you to be mindful and look carefully at how and why you’re spending/changing things. On the whole, there are not many better options for those looking to build or re-build their credit back to a respectable level. Highly recommended!
Photo of Jared P.
Feb 23, 2015
The Open Sky Secured visa is really only suitable for people with poor credit. The annual fees are in line with other cards of this type, but the APR is a little high compared to others I thought. Also, the $25 fees every time you want to increase funds seems a little excessive. If you don't intend to carry a balance on your credit card, I'd recommend the Capital one cash rewards for newcomers card instead because that card carries no annual fees.
Photo of Lee G.
Jan 28, 2015
I have had this card for several months now. All had been going well until they stopped their online payment option. In December I mailed my payment in 12 days before the due date. They didn't process it until 4 days after the due date. This month (Jan2015) my paymentbwas due on the 25th. I sent my payment in on the 15th. It is now the 28th and they are telling me they haven't received my payment. No mail takes that long from state to state. This card is not worth the negative impact that it will have on your credit history. Stay clear
Photo of Robin S.
Jan 13, 2015
Overall, the Open Sky Secured Visa Credit Card is a good card to get for people wanting to build their credit up for the first time or to rebuild bad credit. It's credit line starts out at $200 and goes up. This make it an affordable card for most anyone! The fact that you can also increase your credit line, report to all 3 credit agencies, have a 25 day grace period and requires no checking account is great too!
The things I do not like about the Open Sky Secured Visa Credit Card are the high percentage rates on the cash advance option and the max penalty APR. They more
Photo of Justin R.
Dec 27, 2014
I have tried for a week now to cancel my card and they make it all but impossible. I have tried their website, checked their FAQ's and my card is fully paid off. Their website would not let me pay the full balance of the card online so I had to make several calls (with several convenient disconnects) to make the full payment. For the last payment I was not able to pay it like I usually do -- they asked that I Western Union the money to them. This was done twice... because the first time I paid it in full, they charged a fee and so the balance more
Photo of Shelby S.
May 11, 2016
You had it for a week. How do you expect it to hit your report that quick?
Photo of Cornelius V.
Dec 11, 2014
The Open Sky Secured Visa credit card looks like the average credit card that is on the market currently. The only setbacks are, the annual fee which is 29 dollars. The great aspect about this card is that helps with building your credit for someone that is starting to begin having a credit history. You can request to increase your credit limit which is a nice addition. The APR is not that bad--I've seen worse before. The only thing would want on this credit card is a smart chip to prevent hacking attempts--which has happened to me sometimes. Overall this a decent credit card.
Photo of DeLacy H.
Dec 4, 2014
I greatly enjoy using this card. What I found to be beneficial about it, is that I was able to secure my line for $1500 so that I could rent a vehicle with no further credit checks, ID checks, or difficulties. I have found it to be very difficult to do so, until this card. The fees are minimal, in my opinion. If you have terrible credit and still need to handle business, this is the card for you!
Photo of Markus J.
Oct 6, 2014
I was looking for a good card that would rebuild my credit. All of the fees that Open Sky charges make it a bad fit for my needs.
Photo of Kennady C.
Sep 18, 2014
This card is great for what it does: rebuilds credit. When I first started gaining credit, I missed a few payments, and wound up in the hole. This is one the cards that helped me get out of that hole. While it is pricey, and has to be backed with your own money, it does exactly what it is supposed to do. The card is also very pretty, probably the nicest one I have, which could be a plus for the right person!
Photo of Joseph B.
Sep 12, 2014
Ouch, I'm not sure this card is one I can recommend to others. They seem to want to charge a fee for any small thing you want to do. They want $25 a year, $25 for anytime you deposit money, $25 for an increase in credit, even a request in a reduction of your credit limit requires $25. There are much better cards out there. The rates are lower on other cards as well, even notorious store cards that are known for their extravagantly high rates. Check for options from your bank first or credit union.
Photo of Kennady C.
Sep 11, 2014
The most frustrating about this card is the website. It is completely outdated and not at all interactive, very disappointing.
Photo of Gene E.
Aug 13, 2014
I like the bank that offers this card, also known as Capital Bank. Unfortunately though if you're looking for a card that will eventually become unsecured, this card product is not it. That said, it offers a great interest rate if you decide to revolve, and convenient payment options too. I'm merely using this card as a tool to help demonstrate a positive payment history on a revolving line of credit. And yes after one year there is a $25 fee to request a line increase (of which is your money as the account is solely a secured card).
Photo of Allen K.
Jul 29, 2014
I don't like the fact that the Open Sky Secured Visa Credit Card charges $25 for a request of a credit limit increase or decrease. To be charged for that just doesn't make sense to me.
Photo of Marilyn S.
Jul 28, 2014
Not sure what going on. I've had the card for about 2 months. It has NOT been reporting to Equifax which is the most important right now. Can anybody tell me whats going on? Other than that, the payment takes forever to post to my availalbe balance.
Photo of Card H.
Jul 29, 2014
On their site the company says that they report monthly to the three major credit bureaus. You can try calling customer support at 1-800-859-6412 in order to get more information.
Photo of Dev V.
Dec 2, 2015
Did they ever report to the 3 credit bureaus?
Photo of Jason T.
Jul 11, 2014
For someone with good credit, there's not much to be excited about when looking at the terms of this credit card. A high interest rate and a $29 dollar annual fee makes it unattractive. If you are in need of re-establishing your credit, then take a look at this card as it looks like a good credit card for you.
Photo of Bianca H.
Jun 4, 2014
Open Sky Secured Visa Credit Card is a secured credit card so anyone can get this card. You have to place a deposit down and however much you put down becomes your credit limit. Great for people trying to establish credit or fixing their payment history. There are other secured credit cards out there who do not charge you Limit Increase/Reduction request fees. Merrick Bank Secured Visa is a competitor of this card and also has a lower annual fee. The late fee is only $20 with this card, which is not bad but totally avoidable by making timely payments.
Photo of Cara N.
May 20, 2014
The Open Sky Secured Visa Credit Card has a lot of great options for customers looking to build their credit. There are low interest rates and lower late fees than most other cards. The only disadvantage seems to be the annual fee of $29. Also, the Open Sky Secured Visa Credit Card requires a deposit. Sure, it is a small one…but isn’t the point of a credit card to not put money up front?
Photo of Jason B.
May 26, 2014
The reason you have to put money up front is because they know if you get a big line of credit with no commitment of your own you will spend the money and dump the card and they will be at a loss. If you put up your own money the only one who stands to lose is you. This way you're fixing your credit with your own money. The fee they charge you is small and covers the expense of having someone monitor your card activity, send out bills, and report your good pay history to the credit agencies.
Photo of Heather B.
May 13, 2014
I like the fact that they don't have any front load fees and the annual fee seems reasonable. The rate is high to me, but then, I don't have credit issues. Normally, I use Visa, but if for some reason my credit is ever destroyed through an extended loss of income. I'd use this to rebuild.
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Last updated on: Jul 24th, 2016 at 5:43 EDT

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