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Open Sky℠ Secured Visa® Credit Card

open sky secured credit card Sponsored Card
Required Credit Score: Bad
Minimum Security Deposit: $200
3.5 1560 reviews   Write a Review!
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Open Sky℠ Secured Visa® Credit Card’s Key APRs & Fees

  • ONE-TIME FEES None
  • ANNUAL FEE $29
  • MONTHLY FEE None
  • REGULAR RATE 17.5% (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   N/A
  • MAX PENALTY APR   21.5% (V)
  • FOREIGN TRANSACTION
    FEE  
    3%
  • CASH ADVANCE RATE 17.5% (V)
  • CASH ADVANCE FEE 5%
Apply Now
at Capital Bank’s
secure site
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Open Sky℠ Secured Visa® Credit Card Reviews

 
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3.3
Overall Rating: 3.3 / 5
Total Ratings: 1560
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Oct 6, 2014
Photo of Markus J.
3
By:
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.
Sep 18, 2014
Photo of Kennady C.
3
By:
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!
Sep 12, 2014
Photo of Joseph B.
1
By:
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.
Aug 13, 2014
Photo of Gene E.
4
By:
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).
Jul 29, 2014
Photo of Allen K.
1
By:
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.
Jul 28, 2014
Photo of Marilyn S.
2
By:
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.
Jul 29, 2014
Photo of Card H.
Card Hub
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.
Jul 11, 2014
Photo of Jason T.
2
By:
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.
Jun 4, 2014
Photo of Bianca H.
3
By:
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.
May 20, 2014
Photo of Cara N.
2
By:
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?
May 26, 2014
Photo of Jason B.
Jason Brown
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.
May 13, 2014
Photo of Heather B.
4
By:
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.
Apr 14, 2014
Photo of Nichole O.
3
By:
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.
Feb 12, 2014
Photo of Skye L.
4
By:
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.
Jan 16, 2014
Photo of Marci B.
2
By:
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.
Jan 6, 2014
Photo of Kyle S.
4
By:
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.
Dec 16, 2013
Photo of David R.
2
By:
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.
Dec 12, 2013
Photo of Lauren A.
3
By:
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
Dec 9, 2013
Photo of David M.
4
By:
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
Dec 3, 2013
Photo of Tami T.
4
By:
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.
Dec 3, 2013
Photo of Chelsea M.
5
By:
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
Nov 28, 2013
Photo of Joseph G.
5
By:
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!
Nov 26, 2013
Photo of John D.
5
By:
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
Nov 24, 2013
Photo of Jay F.
3
By:
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
Nov 15, 2013
Photo of Ric R.
4
By:
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
Nov 11, 2013
Photo of Jennifer F.
3
By:
The Open Sky Secured Credit Card is a great card to apply for if you have bad credit and would like to increase it. You need a minimum of $200 to open the card, and will need to pay an annual fee of $29. This card would be great to make small purchases to immediately pay right off in order to build credit.
Nov 6, 2013
Photo of Krissy M.
1
By:
The Open Sky credit card is a great place to start if you do not have so great credit. You put 200.00 opening deposit down . This is a secured card and not a unsecured line of credit. You can put up to 5000.00 onto your card. " 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". I think that is the worst part about this credit more
Nov 2, 2013
Photo of Jester C.
4
By:
The basis behind the Open Sky Secured Card, like most all secured types of credit, is to help someone with previous black marks on their credit rating, reestablish some sense of financial responsibility in hopes of potentially being extended actual credit again in the future. All of these secured cards require a minimum deposit that is essentially no more than a bank drop to generate a debit card type of situation. But different than just a debit card to draw funds from a bank account, secured cards do come with the tag label of the credit card company that issues the card. For instance the Visa Company logo and label more
Oct 30, 2013
Photo of Carla M.
5
By:
This a gift from God! Lol, no but really having such awful credit and being able to obtain a secured card is a god send, with a low initial deposit of $200 you are able to open a line of credit that is monitored by three major bureaus! That's a great way to begin to build credit, and not only that, but being able to use it to rent a car is even better! Pre-paid debit cards do not constitute as a credit card and you can't use it to rent a room or a car, so helpful!
Oct 25, 2013
Photo of Alexis B.
5
By:
The Open Sky Secured Visa Credit Card is my type of card. It's truly for people who may need a second chance. If your credit isn't great, or if you have none at all, this is a great opportunity to build and/or improve it! $200 minimum security deposit or credit line is a great start and can expand to $5000 as needed. Great news for this card, too, is you don't need a checking account to start! This can't even stand up next to my Citibank card! You can avoid paying interest, as no interest is charged on new purchases (if the balance is paid in full by the due more
Oct 17, 2013
Photo of Pascal J.
4
By:
The Open Sky secured visa card seems like a reasonable way to raise your credit score. It requires a minimum deposit of 200 dollars and has an APR of 17.5%, which is not too bad. If you pay your monthly balance, there is no interest. At annual fee of 29 dollars is not too bad either. So, this really is just a kind of meat and potatoes card with no rewards or perks, but I think it offers a good means to improve your credit. The Capital One secured master card has a higher APR at 22.9%, but has the same annual fee. However, it allows for lower starting deposits more
Oct 14, 2013
Photo of Jason O.
2
By:
The Open Sky Secured Visa credit card seems like it would be a good option for those looking to establish some sort of credit base. The fees and high interest rate are a given for this type of card, but that does not make it the best option available. While the credit limit increase may seem nice, for the type of individual they appear to be targeting with this card it seems like more of a start down a never-ending road of debt recovery.

A secured card through a bank would be a much better option than this credit card at establishing credit, and come without the fees and risks of more
Oct 10, 2013
Photo of Tao A.
2
By:
I think you'll find better credit building cards out there. The Open Sky Secured Visa is an okay option if you really can't find anything else, but the $25 fee to change your credit limit (in either direction) after one year is a bit much. Especially when you're already paying a $29 annual fee to use the card. 17.5% APR seems low at first until you realize they're charging you that much to use your own money!
If your credit is in need of fixing, check out your local credit union's options before you resort to a card like this. It will vary by location of course, but you can often more
Oct 6, 2013
Photo of Trevor L.
4
By:
The Open Sky Credit Card seems like a great option for those looking to build credit for themselves while still wanting the benefits of a good card. Firstly, the available credit line of up to $5000 is definitely a great feature for this card, since there are times when one has a necessary expenditure to make but the card they possess doesn’t allow that, so given the higher limit, it is a good perk. Compared to an American Express card, this card's annual fee is great. The American Express personal card requires $0 annual fee for the first year, but then thereafter it's a $175 fee, which is absurdly high. more
Oct 2, 2013
Photo of Jordan W.
3
By:
The Open Sky Secured Credit Card is a nice option for the lower income individual that needs help establishing credit. The card seems to be pretty fair, although the initial deposit of $200 is kind of high. The credit line for the Open Sky is pretty flexible, as options are offered if an increased credit line is needed in event of an accident. Something especially helpful about this card is that interest can be avoided entirely if the balance is paid on time every month; this is a great benefit, especially if you’re on a tight budget. If you need a credit line consider this card!
Sep 25, 2013
Photo of Ben M.
2
By:
The Open Sky Visa Card is very different from normal credit cards. This is the type of card you get when you have bad credit and not many other options. What I don't like about this card are the fees! You get an annual charge, and charges every time you deposit more money into your account to raise your credit limit. I would recommend the Capital One Secured Mastercard instead. It has the same annual fee, but that's it. You don't get charged every time you need to make a deposit or withdrawal to change your credit limit which is the main benefit over this one.
Sep 20, 2013
Photo of Justin V.
2
By:
The Open Sky Secured Visa is not your typical credit card as it is meant for people with poor or no credit looking to build a little credit up. Your credit limit is equal to your initial deposit at a minimum of $200. If you wish to raise your credit limit shortly after, they charge a $25 fee which is over 10% of your deposit. That's extremely high! You are also charged a $29 annual fee, which again is fairly high considering the low amount of money most people would have on this card. If you use this card to build your credit and make a few purchases a month, more
Sep 13, 2013
Photo of Sheryl P.
1
By:
The Visa Open Sky Secured Credit Card is not your typical credit card, as it's designed for people to build up their credit rating by proving they can borrow money. Your credit limit is equal to the size of deposit you are willing to put down on the card, starting for as little as $200. This card has a lot of fees though, with $25 each time you want to raise or lower your credit limit and a $29 annual fee. There are other secured cards out there which have just an annual fee, and even offer you interest on your deposit to secure the card! I would avoid this more
Sep 9, 2013
Photo of Janice K.
3
By:
The Open Sky Secured Visa Credit Card is a pretty decent credit card for people looking for their first card to start building their credit, or for people trying to improve their credit. There are no rewards to be made with it so the only real benefit would be to improve your credit score. The $29 annual fee is pretty standard for these type of cards and you will have to deposit $200 before you use it for the first time. Overall, this isn't a great credit card unless you have bad credit. If you are struggling financially and have had trouble in the past with other cards, this seems more
Aug 26, 2013
Photo of Chris M.
2
By:
The Open Sky Secured Credit Card is a good card to begin building or repairing your damaged credit. It's a secured card so while it will help you build credit, you will need to deposit at least $200.00 first in order to use it. The fees are not too bad with this card. There is a $29.00 annual fee, which is pretty standard among secured cards. There is also a fee to increase your credit limit by making a deposit. No information on the customer service, but honestly, I wouldn't expect too much. Basically, consider this card if you can't get approved for something better.
Feb 27, 2013
Photo of Jae C.
1
By:
their customer service and website is worst.

it was very hard to understand their statement and website. I've schedule for automated payment but I've got a Late fee of $20 and $1.03 for two accounts and also my interest rate has been increased. I called customer service requested them to waive as a courtesy but they repeating themselves automatic payment effectives after 2 months. 2 months! what kind of system is that? They stated it was in terms when I signed up...........probably it was included in long and tiny letter. I've even requested generousity to Customer service supervisor Mr. Ryan, but he replied back to me 'So, what do you more
Feb 19, 2013
Photo of Jerry M.
1
By:
Open Sky is a HUGE scam. I closed my account with them in November and they since then have closed my online payment option with them, making it very difficult to make a payment for the amount I owed for the "secured amount of $500. They now charge you a penalty and an exhorbitant interest rate because I have closed my account. I called their Customer Service and they were unable to provide me with any assistance what so ever. TOTAL SCAM!
Feb 19, 2013
Photo of Raymond J.
Raymond Sugel Jr
dont send a payment instead send a formal letter of debt validation.
Page: 1 · 2
 
Sep 11, 2014
Photo of Kennady C.
By: Kennady Collins
The most frustrating about this card is the website. It is completely outdated and not at all interactive, very disappointing.
Aug 19, 2014
Photo of Brian L.
By: Brian Langner
Hi,

I am looking for a secured credit card which can be later converted to unsecured in Canada. Can you help?

Tkx,
Jul 6, 2014
Photo of Cassondra L.
By: Cassondra Lopez
How long do I have to put the deposit down and can I pay it slowly in small increments?
Jul 15, 2014
Photo of Card H.
Card Hub
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.
May 26, 2014
Photo of Jason B.
By: Jason Brown
I am starting a business and need to begin securing a line of credit for business purposes under my EIN. I'd like to open a card under the business name using and reporting on the EIN for the use of gas and incidentals. Can I do this with your card?
Jul 27, 2013
Photo of Kyle J.
By: Kyle W Jurosic
If I put the 200 down what kinda credit limit do I get?
Jul 28, 2013
Photo of Card H.
Card Hub
$200 and you can increase the deposit over time and the credit limit will increase proportionally.
Nov 9, 2012
Photo of Carrie B.
By: Carrie Bledsoe
Is this really a legit card? I'm applying now and I'm scared to give them my bank information. Will I really receive a card for guarantee approval?
Nov 10, 2012
Photo of Card H.
Card Hub
Yes, the Open Sky card is legitimate. All of the cards listed on our website are from legitimate companies. As long as you follow the application steps and place a security deposit, you will receive your credit card.
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Last updated on: Oct 6th, 2014 at 9:28 EDT