I dont understand why anyone would think of this card in a negative way. Chances are you're interested in this card because you either have poor or no credit. The deposit of $200 is a small price to pay to improve/build your credit. Applying for this card does not put an inquiry on your credit. What I did was save my deposit (and I mentally pretend that i'll never get that $$ back), I bill my Netflix to it every month and set up auto pay to pay the balance in full and then I sit back and just let time do its thing. It takes a few months for the card to start reporting- so be patient. Building/rebuilding credit takes time. And chances are if you're looking into getting this card, you've probably made some poor credit decisions in the past AND that's ok. However, there is no quick fix. This card has improved my credit scores by roughly 40 points in less than 4 months. I do not use this card for anything other than paying Netflix, so therefore I do not worry about how long it takes for my payment to post to the available balance. My goal is to show credit worthiness by making ontime payments. If you have challenges with maxing out credit cards then my advice is to avoid credit cards at all costs and as I said above, save the $ for the depost and pretend it never exsisted... do not rely on this card to get you through the month or to get you between paychecks... remember, utilization is key and you never want to carry significant balance and that is easy to do with a credit limit of only $200. For me, I see no negatives about this card. Open Sky CC does it exactly what it says it will. Think of your credit as a garden....plant the seed (get this credit card), water it (set up monthly autopay) and just sit back and watch your garden grow... it's really that simple!!!
ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL
- Balance Transfer Intro APR Not Applicable
- Balance Transfer Regular APR Not Applicable
- Annual Fee $35
- Purchase Intro APR Not Applicable
- Purchase Regular APR 19.14%* Variable
Most Helpful Positive Review
Most Helpful Negative Review
Had the card for a year and a half never missed a payment. I asked for a increase based on information on their site claiming it was possible to get an increase without an additional deposit and was informed they no longer do that.
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