Secured credit cards
Everything you always wanted to know about secured credit cards*
*But were too afraid to ask
NerdWallet and WalletHub are based on editors review for the opensky Plus Secured Visa credit card.
Credit cards for real life
opensky
Best starting out card: Perfect for those just starting their credit journey.
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opensky
Best starting over card: Great for those rebuilding their credit.
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opensky
Best 'no annual fee' card: Maximize your credit-building with more spending power.
We report to all 3 major credit bureaus. That means every on-time payment is working triple shifts to build your credit.
What industry experts are saying
Bad credit won't stop you from
qualifying for the OpenSky® Secured Visa® Credit Card, which doesn't run a credit check when you apply4.
The OpenSky® Secured Visa® Credit Card is a relatively simple card to understand, which is great for a secured card5.
The OpenSky Credit Card is a good credit card for people with bad credit who want high approval odds6.
What's great about opensky secured
credit cards?
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Easier to get approved
Helps you build credit
Up to 10% cash back rewards1
Earn cash back rewards
Your credit building timeline
Put down
your deposit
Your credit limit is equal to the security
deposit you put down. Put down $100,
you can spend $100. Put down $300, you can spend $300. Easy right?
The key is making
on-time payments.
Use your card for everyday purchases. It
works just like any other credit card. Buy
coffee, gas, whatever.
Watch your
credit score climb
Secured cards are a proven way to
build credit. On average, opensky
cardmembers see their scores jump 47 points in 6 months.7
Your secured card
is just the beginning.
Thousands of our customers have moved on to unsecured cards—and here’s how you can too.
You could become eligible for a credit line increase8
You could become eligible for the opensky Gold Card8
You could become eligible for a home loan
Not sure where to start?
Let’s find the perfect card for you.
Real people. Real progress.
Credit tips that actually help
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Frequently asked
What is a "secured" credit card?
A secured credit card requires a one-time refundable security deposit to open and is equal to your credit limit. For example, if you deposit $100, your credit limit becomes $100. The beauty of the opensky secured credit card is that you can open an account without undergoing a traditional credit check. This is especially beneficial if you have a poor credit history or no credit history at all.
How much will a secured credit card raise my score?
Your rate of improvement depends on a few factors, including your current status, payment habits, and your management of this and any other lines of credit. Opensky is designed specifically to help people improve their credit fast, with an online/mobile app and tools like alerts to help monitor your account. Plus you will get considered for credit line increases that turbocharge your growth.
How can I obtain a copy of my credit report?
Federal law states that you can get a free report from each of the three nationwide consumer credit reporting companies - Experian®, TransUnion® and Equifax® - once every 12 months. Don't be fooled by offers from companies to pull your credit report or websites that ask for payment to see your credit report; only https://www.annualcreditreport.com/index.action is the official site authorized by the Federal government.
Is there an annual fee for this card? Are there any hidden charges?
Yes, there is a $35 annual fee for the opensky Secured Visa® Credit Card. There is no annual fee for the opensky Plus Secured Visa® Credit Card. Opensky believes in being upfront. There are no hidden fees or charges. All of our pricing and fee information is transparent and can be reviewed (See cardholder agreements at the bottom of this page).
What is a "credit limit" and how is my credit limit decided?
A credit limit represents the maximum amount you can spend on your credit card subject to approval. You decide the deposit amount, which directly determines your credit limit. It can range from as low as $100 to as high as $3,000, depending on the card you choose. The goal is to ensure you can manage payments effectively and succeed in building your credit! *All applications are subject to approval.
