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Open Sky℠ Secured Visa® Credit Card

Required Credit Score:
Bad
Minimum. Security Deposit:
$200
2,025 reviews   Write a Review
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at Capital Bank’s
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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 17.39% (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 $5000.
  • 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   $20
  • MAX OVERLIMIT
    FEE  
    None
  • MAX PENALTY APR   21.5% (V)
  • FOREIGN
    TRANSACTION FEE  
    3%
  • SMART CHIP   No
  • CASH ADVANCE
    RATE
    17.39% (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.

The most frustrating about this card is the website. It is completely outdated and not at all interactive, very disappointing.
Reply

1 Votes 1

How long do I have to put the deposit down and can I pay it slowly in small increments?
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Photo of Card H.
Jul 15, 2014
Looking at the Open Sky credit card application, it doesn’t seem that it’s possible to send the deposit in small increments.
Also, there are four ways to send a security deposit: a) through an ACH transfer, b) through a wire transfer, c) by visiting a Western Union facility and d) by printing and mailing your application form along with a money order or check.
1 Votes 1

Hi, I am looking for a secured credit card which can be later converted to unsecured in Canada. Can you help? Tkx,
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0 Votes
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Customer Reviews

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

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3.3 out of 5

2,025 reviews
29%
16%
24%
18%
13%
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 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 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 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 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 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 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.
Photo of Nichole O.
Apr 14, 2014
Compared to other cards that I have used (MasterCard, American Express), The Open Sky Secured Visa credit card has many advantages: lower interest rates, lower max late fee, and no monthly fees. However, I like to travel a lot and the 3% foreign transaction fee is much higher than other cards, so this is really not a viable option for those who leave the country a lot.
Photo of Skye L.
Feb 12, 2014
Compared to other cards that I have used, the Open Sky Visa has lower fees and more convenience. I really enjoy the features it offers and the fact that I can use this card in a lot of places. I would recommend this card to anyone looking for something easy to use.
Photo of Marci B.
Jan 16, 2014
I thought the Open Sky Secured Visa Credit Card would be a good choice while I was in school. But I soon learned I had made a bad choice. Personally customer support was terrible. I could never get a word in edgewise. Stay away from this card if you can.
Photo of Kyle S.
Jan 6, 2014
I actually have an Open Sky Secured Visa Credit Card. It's one of my favorites. I really enjoy how easy it is to build your credit, since my credit was destroyed by stupid choices I made with my first credit card. Easy approval, and the interest rate is really low.
Photo of David R.
Dec 16, 2013
This card is an okay option for someone just starting out, or someone with very poor credit. It is easy to get approved for a secured credit card, but there really aren't many advantages over that. Not only is there a $29 annual fee, but after one year, you are charged each time you request a credit limit increase or decrease. There are better secured cards out there with lower fees.
Photo of Lauren A.
Dec 12, 2013
This card is probably not for everyone. The Open Sky Secured Credit Card requires a deposit, just like renting an apartment. In some ways, that defeats the purpose of a credit card: if I had the money to put down in the first place, I would have just paid it outright and not dealt with the potentially harmful effects of using a credit card.
That being said, this looks like a pretty good card if you're looking to build your credit rating, since they already have some of your money. The interest rate is low, and the penalty for late payments is incredibly low compared to other cards. It's also nice more
Photo of David M.
Dec 9, 2013
The Open Sky Secured Credit Card is ideal for those who need to build their credit. If you've had issues with credit in the past and need to work you way back up to a decent score, you can't do much better than this card. Your credit line is set by how much you deposit (from $200 up to $5000) and with several options for funding available, you do not even need a bank account. Also, there is no interest on purchases if paid in full each month, which can be helpful to allow you to build credit without wasting money. Again, this card is useless for those with good more
Photo of Tami T.
Dec 3, 2013
Open Sky Credit Card is a friendly option for people with credit troubles. It has a low annual fee and an extended grace period on purchases. Overall, I would suggest this card to any friends, with low credit scores, that are interested in building their credit.
Photo of Chelsea M.
Dec 3, 2013
I have the open sky secured card and in my experience it is very useful. It enabled someone like myself who has a very limited credit history to be approved for credit and establish myself. I would recommend this card to other students like myself
Photo of Joseph G.
Nov 28, 2013
Its one among those life savers I would say. The Open Sky Secured is not only great for rebuilding credit history, but its also a great place to start with for first time users. The secured card with $200 deposit would make first timers use the card judiciously thereby slowly building their credit worthiness. And once we are comfortable with our spending habits, the limits can always be increased. I would really appreciate if they could offer an unsecured card for excellent credit customers based on their spending pattern. That would be a great way to retain customers from drifting away. Anyways, its a great card to have!
Photo of John D.
Nov 26, 2013
The Open Sky Secured Visa Credit Card is the best credit card for those with bad credit. This card is extremely helpful for rebuilding your credit. There were no intial fees to sign up. I had to make a $200 deposit to secure the credit card. My limit has since gone up to a $100. This card has been such a huge help, in helping me to rebuild my credit. As long as you make your payments on time and pay off your balance, they have no problem increasing your spending limit. The interest rate is also much lower than most other credit cards with bad credit
Photo of Jay F.
Nov 24, 2013
First off, it should be noted that this card is for those with low credit scores and because of this it is secured (meaning that it requires a deposit to attain it). In this case the deposit is $200, which is no small amount of money, but for those who have poor credit it may be worth considering nonetheless. What makes this card appealing is that it has a fair rate at 17.5%. For those who fall into this credit bracket, this is much better than they will get with many credit cards designed for lower credit applicants. On the other hand, this card also has a $29 annual fee more
Photo of Ric R.
Nov 15, 2013
If you have bad credit, like me, and need a secured credit card to use, then you can’t go wrong with the Open Sky Secured Visa Credit Card. It has helped me in rebuilding my credit by being a secured card that I can load with my own money and thus won’t go into debt by going over my balance. It’s great that they do not charge any interest as long as you pay your balance in full by the due date each month. Other cards which I have used charged interest whether or not you paid in time so I really enjoy using this card. Take note that there more
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Last updated on: Sep 3rd, 2015 at 6:42 EDT

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