Rating: 5 Stars
Bottom Line:
Build Credit Without A Hard Inquiry
TABLE OF CONTENTS
Card Details
| Regular APR: | 19.14 (Variable) |
| Intro APR (Purchases): | None |
| Intro APR (Balance transfers): | None |
| Rewards Rate: | None |
| Credit Needed: | (300 – 669) Bad/Limited/No |
| Annual Fee: | $35 |
| Card Brand: | Visa |
*See online credit card application for details on the terms and conditions.
Offer Highlights
- Click APPLY NOW to apply online
- There’s no credit check needed
- You choose your credit limit, as low as $200, linked to your security deposit
- Reports monthly to all 3 major credit bureaus
Is OpenSky Secured Visa worth it?
OpenSky Secured Visa is a great card for people looking to build their credit history without a hard pull on their credit. You choose your credit limit and put down a minimum $200 deposit to use as a credit line. The APR is lower than many secured cards and the $35 annual fee is also reasonable. Among cards that don’t check your credit, OpenSky Secured Visa is a great card.
Pros
- Build your credit
- Reports to the three major credit bureaus each month
- Minimum security deposit of $200 is on the low end for secured cards
- Relatively low APR
Cons
- $35 annual fee
- Foreign transaction fee
- Inactive account fee of $10 per month after 12 months of no activity
Why 5 Stars?
Regular APR
4 Stars
Intro APR
4 Stars
Fees
4 Stars
Perks
4 Stars
Overall
5 Stars
Fees
| Foreign Transaction Fee | 3% |
| Balance Transfer Fee | No Balance Transfers Allowed |
| Cash Advance Fee | $6 or 5% of the amount of each Cash Advance; whichever is greater |
| Penalty APR | None |
Benefits
| $0 Fraud Liability |
| Auto Rental Collision Damage Waiver |
Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.
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