Use It to Your Advantage
Okay so I see a lot of negative reviews that I think mostly stem from Open Sky not clearly communicating the process/when they report to bureaus etc. Here's the deal. If you want a boost in your score quickly, apply for the card around the 15th-20th of the month. Open Sky reports to the credit bureaus on the last business day of the month (then sometimes it takes a week or so after that for the bureau to reflect the change). It takes 3-4 days for your $200 (or whatever) deposit to go through, and for the card to be shipped, after approval. Your account isn't considered open until the date the card is shipped. The card comes with the $35 annual fee already tacked onto the balance and if you ordered your card mid-late in the month, that $35 won't be due until the end of the next month (but it will count towards utilization when reported to the bureus, which is a good thing, as long as you keep utilization under 30%. $35 out of $200 is 17.5%). Each month, your bill is due on the 28th. So to absolutely optimize the credit boost you can get from this card: order it around the 18th of the month. The card will probably ship out around the 22nd. Don't worry about paying the $35 fee the second you get the card - you can activate it with the $35 fee on there. Let the utilization work for you when they report to the bureus on the last business day of the month, then on like the 5th of the next month, pay the $35 off. Now, set up a monthly small charge, like Netflix or something, to come out mid month, and DONT use your card other than that monthly charge. When you get your bill in the beginning of the month each month, pay off the last month's balance in full. I've had the card for a couple months, and that's all I've learned from research/talking to their customer service. It's worked well for me so far!
Hopeful!
I am very hopeful that this card can raise your score over the time you have this card. I have only had this card for about 2 months but my credit
score has increased by 50 points in just only 2 months! Although my credit score is still poor, I am grateful for the jump for my credit score.
These guys are crooks!!!
i can't get my $5K back. No one ever answers the number. The guys on the regular line all say they can't help return money, only the special desk phone number can. I totally regret doing any biz with these predatory critic card frauds.
Get a lawyer I bet that will work. I had to get a lawyer because my bank at the time suntrust was holding on to over 5,000 of my money. I went back and forth with them and they kept giving me the run around for about 2 1/2 mths. I could never talk to whatever department they claimed to be in control of the situation. I got a lawyer paid about 200 something she wrote them a letter and I had proof of where they said the were going to send the money back but they never did. Well as soon as the letter was sent I got all my money back within 2 weeks.
Fraudulent company
I had so many issues paying online that I had to close my account with open sky. And after instructing them to close my account they left a balance of $1.00 on my account to avoid sending my deposit back.Its been a total of 2 MONTHS and I still haven't received my deposit back 😔
Bad fraudulent company
I had so many issues paying online that I had to close my account.And after i instructed them that I wanted to pay my account in full and close the account they left a remaining balance of $1.00 to keep my account open and avoid giving me my deposit back..Its been a total of 2 MONTHS and I still haven't received my deposit back 😔
VERY POOR CREDIT CARD
I Put Up $200.00 Of My Own Money, For This Card Which The Reviews Claim To Be The Best Secure Card, Received My Card, And On The First Day Of Receiveing The Card, Opensky Took Out The Annual Fee. I Payed The Annual Free, After Setting Up My Account, And Payed Online With My Checking Account. It Took 10 Days Just To Post It On My Account.
It Is My Opinion Do Not Waste Your Time With This Card, They Are Slow To Post Your Payments. And With This Problem, Do Not Exspect To Use This Card Alot! It Took 10 Days To Post My Payment, So That I Could Have A $200 Balance.
I Got Discover It Secure Card, And Discover Will Post, And Credit Your Payment Funds In Two To Three Days, If Not Quicker! Five Stars For The Discover It Secured Card
This card will open doors...
Got approved with 575 (June 5 2017), $200 deposit, paid my $35 fee the same day i got my card in the mail. They reported that payment 30 days later and only jumped up my credit 15 points the next month (july 5). Its already Sept and I havent seen any of my on time payments under 25% credit usage. Ive only seen where it reports my monthy statment balance.THE GOOD THING ABOUT THIS CARD was that Sept 11th I applied for Credit One Bank and was instantly approved for $300! SO... ive only had Open Sky for 4 months and they helped me get a rewards cash back CC in a short time period. If your having trouble getting approved for a regular unsecured CC get OpenSky for a couple months and It will open doors for you down the road!
Hey krystal, you should call OpenSky and let them know you have not been getting things reported and they will within 3-5 business days and FYI try keeping it under 9%-15% and your score will increase fast.
Ram in the bush
This card has been all benefits. The fact that this card does no credit check is awesome because now I have no inquiry on my credit reports, but I have all of the positive "on time" payment history which is awesome! Through owning this card I have learned so much. Having to pay the money up front for my credit limit makes a big difference in how I handle the card. I have nothing but good to say. I did have to go through some additional identity info, but I appreciate the company taking it so seriously. Thankful for Open Sky.
WACK AF !!
This is a Generic *** credit card !! Don't waste your time !! Get a Discover and a Capital One card !! There service is hit or miss, and they have the lamest log on system !
Something tells me if you thought you had a chance getting approved for a better card you wouldn't have applied for this BS POS card in the first place. And Discover isn't much better either.
Umm....I thought this card was a stepping stone for rebuilding your credit. So why would anyone go for a Capital One or a Discover card first before rebuilding their credit first to have a better chance at being approved for the better cards like Discover or Capital One on a latter time? It defeats the purpose.
Great for rebuilding credit
I've had this card for only 5 months and they have given me an unsecured credit limit increase. Customer service is great. No complaints.
"Will the secured credit card ever change to unsecured?
Your secured credit card continues to be a valuable option for people looking to build or rebuild their credit history. At this time, Capital Bank does not offer a traditional, unsecured credit card for consumers."
Great for rebuilding your credit!
Obviously there are a lot of mixed reviews on this card, but I have only had great experiences with this card. Got approved for this card when I got serious about rebuilding my credit around March 2017. Application process was easy, my card came within the timeframe stated and I was able to use card right away. The only hiccup at the beginning was that my card had a block on it and I was unable to use it for anything because they had some returned mail. One call to customer service and that block was removed while I was in the store the same day. They do report to all 3 credit bureaus each month. Unlike other credit cards, Opensky reports at the end of the month, even though your statement may cut at a different date. With proper usage, my scores went from lower 500's to over 614 as of this month, and this is only aftera couple of months. Today I also woke up to a pleasant surprise. Checked my email this morning and received an email stating that due to my excellent payment history, OpenSky has decided to give me a credit limit increase with no additional deposit required! I didn't even know this was possible! I haven't read any reviews anywhere where this was mentioned, but I am grateful. Use the card wisely and you will get rewarded.