Open SkySM Secured Visa® Credit Card

APPLY NOW
  • No Credit Check for Approva
  • No Checking Account Required
  • Reports to All 3 Major Credit Bureaus
  • All Applications Considered
  • Quick and Easy Online Application
  • 4 Ways to Fund Your Card
  • Accepted Everywhere You See the Visa Logo
  • Choose Your Own Credit Limit from $200 to $3,000
Annual Fee:
$50
Purchase Intro APR:
N/A
Purchase Regular APR:
14.25%
Balance Transfer Intro APR:
YES
Balance Transfer Regular APR:
14.25%

Offer Details

Click here for Additional Details

(Will launch in a new browser window)

* See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the 'Apply Now' button, you can review the credit card terms and conditions on the provider's website.

Cash Advance Rate 14.25%
Cash Advance Fee 5%
Late Fee $20
Balance Transfer Fee 5%

Savings

Savings over 1 year ‑$50
Savings over 3 years ‑$150

Transaction Type Value

Savings Details

How We Calculated Your Savings

Credit Karma uses details about your credit card usage and data we have on current credit card offers to calculate how you might save money. These calculations are for illustration purposes only.

Savings are based on Credit Karma calculations and are not endorsed or commissioned by any advertisers. These calculations are for illustration purposes only. If bonus is included in savings estimate, it is assumed offer qualifications are met.

Cardholders' Reviews

The following information and reviews are brought to you by Credit Karma and/or its users. Banks, issuers, and credit card companies do not endorse or guarantee, and are not responsible for this content.
Most Helpful Positive Review
SmileBeHappy
MY STRAIGHT FORWARD REVIEW
by SmileBeHappy
Helpful to 226 out of 232

Pros:

1.      Good credit card for someone trying to rebuild credit.

2.      Reports  monthly  to all 3 credit bureaus

3.      Security deposit and credit line as low as $200

4.      NO credit check

Cons:

1.      Hold place on deposits, which then tie up available credit

2.      Online portal not as  user friendly as other companies

3.      Charge for paper statement

 

 

I read many reviews from other consumers regarding this Open Sky credit card which helped with my decision to apply.  After having this card for the last seven months it has been a good decision for me.  I am now on the track to rebuilding my credit back up to the high 700’s .  Contributing factors:  my good payment history,  being a responsible credit card holder and having this card.

Life can be hard sometimes.  People might have hard challenges and decisions to make that affect their credit.  But don’t give up!  Be responsible, do for yourself and not depend on hand outs.  Learn from our elders.  It’s a very rewarding experience.  Best of luck!

The following information and reviews are brought to you by Credit Karma and/or its users. Banks, issuers, and credit card companies do not endorse or guarantee, and are not responsible for this content.
Most Helpful Negative Review
Anonymous
PROCEED WITH CAUTION
by Anonymous
Helpful to 501 out of 518

Yes, it's great to be able to get a secured card and rebuld your credit.  Yes, the card application process went smoothly. Just be aware that it takes 6-8 biz days for your payments to be applied to your account and available for your use. This is not disclosed in the card agreement, nor is it stated when you make your payment online.

When you make your payment online the site says it will be credited to your account within 2 business days. Turns out that AFTER THAT the bank puts a 5 day hold on it, which is why you are looking at a 6-8 business day delay.. If you call the card customer service dept. they tell you this has nothing to do with the card but is a policy of the banK and therefore there is nothing they can do about it. 

Now in the big scheme of things this isn't horrible. But I was counting on using this card tomorrow (the 5th biz day after making my payment) for a car rental and now have to figure out an alternative. I spoke with 2 customer service reps about the lack of disclosure on this, and their attitude basically was: too bad. They weren't very nice about it, which tells me they probably get this complaint a lot.

When you make a payment, you lose the use of that money for up to 8 business days every month while the bank uses it for free.This is the real reason this secured credit card is offered.

I might have been OK with the policy if I had known about it - which is why I am posting this review so others will not be caught by surprise.


Similar Offers

† Credit Karma estimates your Approval Odds by comparing your credit profile with data about other members who were approved for this product. Though Approval Odds do not guarantee approval, they can show you which products may be a better fit for you.

‡ Average score refers to the arithmetic mean, typical low score to the 5th percentile and typical high score to the 95th percentile of, in each case, available VantageScore 3.0 credit scores provided by TransUnion of Credit Karma members who were approved for this product from March 2015 through August 2015. Average and typical approved scores are provided as guidelines only and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.

My Saved Cards
Title
Welcome to My Saved Cards
Save and compare credit cards to find the best fit for you. All you need to do is find cards you like and check the Compare This Card box. When you’re ready to review, click the compare button that appears in this menu.