OpenSky Secured Visa Credit Card

Robin Saks Frankel  in  No Credit History Advertising Disclosure
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Apply Now On Capital Bank's secure website

Best for no required credit check

Annual Fee:
Purchase Intro APR:
Balance Transfer Intro APR:
Regular APR:
19.64% (variable)
Terms and Restrictions Apply
Bankrate Score: 68 out of 100

Commonly used for: No Credit History.

The two reasons you may want to apply for the OpenSky Secured Visa Credit Card is if you don’t own a checking account, but still want access to a credit card, or if you’re looking for a secured card with a decent annual percentage rate.

There’s a very narrow band of consumers this applies to, we imagine.

For everyone else, the $35 annual fee should make this card a non-starter.


That being said, OpenSky Secured Visa can help you build or rebuild your credit, as the issuer, Capital Bank, reports your monthly payments to the three major credit bureaus — Equifax, Experian and TransUnion.

Applicants do not have to have a credit history, and Capital Bank will not run a credit check.

As with most secured credit cards, your credit limit is determined by the amount you deposit, between $200 and $3,000.

We like that the annual percentage rate for purchases isn’t as bruising as with some secured cards. You’ll pay 19.64% APR, which is higher than standard credit card interest rates, but lower than the 20% APR or higher you’ll find on other cards.

But there’s no reason for most people to pay the $35 annual fee. We caution most consumers to avoid paying such fees on secured cards, as there are plenty of fee-free options for consumers with limited credit.

Who should get this card

If you don’t have a bank account and/or your credit check would make a traditional credit card issuer avoid your calls, an OpenSky secured credit card may be just what you’re looking for.

  • You'll pay no interest on purchases made during the first billing cycle.
  • You don't need a bank account to apply.
  • The APR is relatively low compared with other secured credit cards.
  • You can only apply online, which may not be palatable to some.
  • Your monthly income must be higher than your monthly expenses to qualify.
  • Because this card is issued through Capital Bank, your account history with them must be in good standing.
  • There’s a $35 annual fee.

Fees and APR

  • The annual fee is $35.
  • You’ll pay a 3% foreign transaction fee for all purchases made outside the U.S.
  • The annual percentage rate is a variable 19.64%.

Extras and perks

OpenSky’s secured credit card offers a lot of flexibility for funding an account, which makes it a great option for those who have thin or less-than-optimal credit files. You can choose from using a debit card, writing a check, or for the unbanked, a Western Union transfer or mailing in a money order.

How this card compares

Capital One® Secured MasterCard®
  • No annual fee, and all the credit building benefits with responsible card use
  • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
  • You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness
  • Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
  • It's a credit card accepted at millions of locations worldwide
Apply Now On Capital One's secure website
Credit Needed

Limited, Bad

Regular APR

26.99% (Variable)

Annual Fee


Purchase Intro APR


Balance Transfers Intro APR


We give kudos to the Capital One Secured Mastercard for not charging an annual fee and being one of the only secured cards that potentially lets you deposit less than your credit limit.

If you can’t afford a $200 security deposit all at once, Capital One Secured is a great option for its installment plan. This makes the Capital One card a solid choice for someone trying to build (or rebuild) their credit history.

Discover it® Secured
  • No Annual Fee, earn cash back, and build your credit with responsible use.
  • It's a real credit card. You can build a credit history with the three major credit bureaus. Generally, debit and prepaid cards can't help you build a credit history.
  • Establish your credit line by providing a refundable security deposit from $200-$2500 after being approved. Bank information must be provided when submitting your deposit.
  • Automatic reviews starting at 8 months to see if we can transition you to an unsecured line of credit and return your deposit.
  • 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases every quarter, automatically. Plus, earn unlimited 1% cash back on all other purchases.
  • Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score
  • We automatically match all the cash back you've earned at the end of your first year.
  • Receive Free Social Security number alerts— Discover will monitor thousands of risky websites when you sign up.
Apply Now On Discover's secure website
Credit Needed

Limited/Bad Credit

Regular APR

25.24% Variable

Annual Fee


Purchase Intro APR


Balance Transfers Intro APR

10.99% for 6 months

If you have a bank account but limited or poor credit history, the Discover it® Secured Card is a terrific choice to help build your credit and earn cash-back rewards, too.

We also like that you can quickly graduate to an unsecured Discover card with just eight months of good payment behavior.