OpenSky® Secured Credit Visa® Card Reviews

Approval Odds

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3.8 out of 5 stars
265 Reviews

From Cardholders in the last year

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Application Process

4 out of 5 stars

Customer Service

3.5 out of 5 stars

4 5

Card Details

  • Balance Transfer Intro APR Not Applicable
  • Balance Transfer Regular APR Not Applicable
  • Annual Fee $35
  • Purchase Intro APR Not Applicable
  • Purchase Regular APR 18.14%* Variable

Our Take

The OpenSky® Secured Credit Visa® Card is a good choice for people who are looking to build their credit without paying too much in fees.

What to Like

The OpenSky® Secured Credit Visa® Card reports regularly to all 3 major credit bureaus, making it useful for building credit. The $35 annual fee is relatively low for a card aimed at people with limited credit history, and there are no other processing, servicing or application fees. There’s no credit check for applicants, and the 18.14% APR is competitive for a card made for low score users.

Look Out For

There’s a slightly higher penalty APR for cardholders who have missed a payment. This is also a secured credit card, meaning you’ll have to put down a deposit equal to your credit line in order to get access to credit.


Most Helpful Positive Review

Feb 01, 2016
This card is strictly for rebuilding credit
vas22 Cardholder

The application and approval process was very simple and fast and was approved in seconds. Best way to get card fast is if you have bank account and you pay your deposit through your account. I received my card in 7 days and when you receive it and open up your online account your 35 yearly fee is already deducted from your card balance. Pay it immediately! Its the price to pay to get back in and play. It takes a while for your payment to clear and get your balance back and also the website is very elementary. Your score will go up but my rule of thumb is to not use anymore than 20% on card and pay it immediately. This is NOT a card for pleasure or for benefits and the card in reality sucks but im not in this for fun...purely business. My goal is to recover my credit post bankruptcy and this card is the tool I am afforded to accomplish that and only option I had. If you have horrible credit and just want to build a new foundation for yourself this card is for you. If you have options with credit cards than this is not the card for you. If you pay your balance off immediately after using it than you should be clear of any interest. Use this card wisely and remember your goal! Hope thus helps.

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Most Helpful Negative Review

Dec 27, 2013
Anonymous Cardholder

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.

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These reviews were written by current and former cardholders in the last year.

Jun 22, 2017
Get as a last resort
Pmp142 Cardholder

Others have said it too, 6-8 days to process a payment!!  This is ridiculous and had knowing that going into it, I would be this upset.  I made a payment on the 16th, the funds center out of my bank account on the 19th and still no funds on the card.  However, when calling in or looking at my statement online, my available credit is $465.  In this time and age, how the hell does is take 6-8 business days to process this?!  I see they were able to charge it the $35 annual fee in the meantime as my card got declined at the gas pump.  I will be closing this account and going with a more timely and reputable companies secured card immediately.  If they're not going to post delay in their terms & conditions, Credit Karma should be warning its users of it.  

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Jun 21, 2017
Works fine, gets my credit up quick, but
Hextant Cardholder

The website where you pay your balance is incredibly faulty.  It lags, and often times, it freezes and won't let me do anything until I completely reboot my browser.  No matter WHICH browser or computer I use.  It's a very easy process once it actually works, but it's rather irritating.

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Jun 19, 2017
Great for building credit.
epaysecure Cardholder

It takes 5 days for your payment to pay after they receive it. Other than that the card is a big plus if you have limited credit.

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Jun 18, 2017
Good but not reporting anymore
Edragheb Cardholder

So i started using open sky about 6 month ago, at first everything was perfect, for a secured credit card with a deposit that starts as low as 200 i figured it is worth a shot
I got approved and all was good and they were reporting monthly and my credit started rising.
It takes about 6-8 days for them to process payments which isn't bad as long as you pay 10 days ahead of time it will be posted.
Then starting may i have not see them report anything on my credit report.
It is sad that they were reporting on time everytime i was charged a small interest or when i had a balance then once i started paying all on time they just stopped .
I kept receiving emails from them asking me to write a review on credit karma so here it goes.
I just think that they should be reporting monthly as i was informed they would and even when i have zero balance at the end , not just when i owe any balance.

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Jun 16, 2017
Not bad pretty good so far
Anonymous Cardholder

So after clearing up some things off my credit I was ready to get a credit card ... I was hesitant at first but read that they don't necessarily base it off your credit it's kinda like pay as you go far as if you put down 200 then you obtain 200 worth of credit . When I applied and got accepted my score went up about 47 points ... not bad at all and I'm only just one month in ... I just made my first payment on time and can't wait to see how much it's gone up since . I see everyone talking about in previous reviews that it takes a while for them to process payment so I suggest paying about a week and half ahead of your due date ... like for instance my due date is the 28 and I'm paying today the 16th . That should give me enough time for payment to be processed and applied to my account ... so overall I suggest this card for those that want to get out the 400 range ... of course with proper guidance and other smarter decisions I'm pushing towards the 600s now and I'm positive this card will get me there . 

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Jun 10, 2017
Ok so far
SweetDani Cardholder

My Equifax has gone up 81 points on credit karma. Opensky reported i opened a credit card for $300 with a $35 balance which was my yearly fee. Real Review hehehe

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Jun 08, 2017
Great Start, but...
Anonymous Cardholder

Bottom line: To build your credit or to improve it, this card is a great start.  The only issue I have with this company is processing my payment super slow and late.  I pay my balance, it comes out of my account within a day and then takes a week to literally process and post to my OpenSky account. Hopefully this process will change. 

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Jun 08, 2017
Not a great option.
AmberLCyr Cardholder

While my credit score has slightly improved since getting this card, I'm not impressed with the fact that a payment takes at minimum 5 days to post to your account. The balance and available credit never add up to my approved and secured credit amount. Now I'm stuck with this crappy card because it would most likely bring my score down if I close the account.

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Jun 05, 2017
Perfect for it's purpose
sabolhosn Cardholder

They said no credit check, they didn't run one. They said they report monthly to all 3 credit bureaus, they do (statement ends on last day of month, so pay your balance down right before to get good utilization). The online banking system allows for bill pay and transaction history. For all these features, $35 a year is well worth it.

Info 1: You can't add an authorized user.

Info 2: Check your email's SPAM folder if you're waiting around for communication (mine was there for like a week waiting for me to proceed with app).

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Jun 05, 2017
Don't Do It

You should know that this pre-paid CC unlike Capital One or Discover (which both get 5 stars from me btw) NEVER give you and increase based on you credit usage; only on how much money you send them.

The will take your deposit straight from your bank account in like 72 hrs.

When I cancelled my credit with them I am here waiting still for my money back; and it has been 4 weeks.

When I called to ask why they could take my money in 72 hrs or less; but couldn't seem to get it back to me after 4 weeks???

They proceeded to tell me it could take 10 weeks to get my money back.

They also didn't report my excellent credit usage to the burea since April 2017

Now as I mentioned B4 I also got a CapitalOne and a Discover all prepaid $200 down to all 3 cards; I have since been refunded my money from both CapitalOne and Discover as well as given a unsecured credit from both 3-6x's what I started with a yr ago; trust me when I tell you THIS COMPANY IS NOT WORTH THE TIME OR MONEY.

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OpenSky® Secured Credit Visa® Card