Capital Bank Credit Card Reviews, Rules & Opinions

ByDoug Milnes, CFA
Reviewed byLee Huffman
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ByDoug Milnes, CFA
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Reviewed byLee Huffman
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Updated: March 21, 2024

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Capital Bank offers a secured credit card for personal use. Its primary selling point is that it doesn’t require a credit check during the application process. This means your credit score (or the lack thereof) won’t matter. You can also apply for the card without a checking account.

Featured Credit Cards Offered by Capital Bank

Capital Bank provides a practical solution for those looking to establish or rebuild their credit. It has a low ongoing variable APR and an annual fee of $35. The issuer also reports to all three major credit bureaus. This means that if you use your card responsibly, you can build your credit.

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The Best Capital Bank Credit Cards in 2024

Every month, MoneyGeek evaluates the best Capital Bank credit card based on updates on rewards, welcome bonuses and other criteria.


  • OpenSky® Secured Visa® Credit Card

    Great secured card with no credit check


    • 25.64% (Variable)APR
    • $200Min. Security Deposit
    • $35Annual Fee
    • (No Credit History)Recommended Credit

    The OpenSky® Secured Visa® Credit Card is ideal for those looking to build or rebuild credit. Its high approval rate and lack of credit check requirements make it accessible to many individuals. Users benefit from free monthly FICO score access and the ability to establish a credit history with major credit agencies, which is vital for financial health. The card's flexibility in payment scheduling and the option to fund the security deposit over time add to its user-friendliness. While it lacks a rewards program and has an annual fee, its primary focus is on fostering responsible credit use and improvement.

    Pros

    • No credit check needed
    • High approval rate
    • Free monthly FICO score access
    • Reports to major credit agencies
    • Flexible payment scheduling

    Cons

    • Annual fee
    • Requires a security deposit
    • No rewards program
    • High regular APR
    • New feature! Earn up to 10% cash back on everyday purchases
    • No credit check to apply. Zero credit risk to apply!
    • Looking to build or rebuild your credit? 2 out of 3 OpenSky cardholders increase their credit score by an average of 41 points in just 3 months
    • Get free monthly access to your FICO score in our mobile application
    • Build your credit history across 3 major credit reporting agencies: Experian, Equifax, and TransUnion
    • Add to your mobile wallet and make purchases using Apple Pay, Samsung Pay and Google Pay
    • Fund your card with a low $200 refundable security deposit to get a $200 credit line
    • Apply in less than 5 minutes with our mobile first application
    • Choose the due date that fits your schedule with flexible payment dates
    • Fund your security deposit over 60 days with the option to make partial payments
    • Over 1.4 Million Cardholders Have Used OpenSky Secured Credit Card To Improve Their Credit
    OpenSky® Secured Visa® Credit Card

Rules for Applying, Acceptance & Welcome Bonuses

Before applying for a Capital Bank credit card, you should understand its application rules. MoneyGeek answered some commonly asked questions about the Capital Bank card to make the application process easier for you.

What is the accepted credit score range for most cards?
How many cards can you own?
How many times can you apply?
How many times can you get approved?
How many times can you claim a welcome bonus?

Other Considerations About Capital Bank

It’s important to consider several factors before you apply for a Capital Bank credit card. The table below lists some of the criteria you need to check to determine whether this card is right for you.

Feature
Description

Customer Service & Satisfaction

Customer satisfaction is an important factor to consider when selecting a credit card issuer. Capital Bank’s customer service can be reached through phone or mail.

That said, the issuer didn’t rank in J.D. Power’s 2021 U.S. Retail Banking Satisfaction Study and 2021 Credit Card Satisfaction Study.

Mobile Apps & Online Services

Capital Bank has a mobile app that you can download on iOS and Android. It lets you manage your OpenSky account and stay on top of your finances. You can also see your minimum payment due and recently posted transactions.

The app has a 2.5 rating on the Apple App Store and 3.1 rating on Google Play.

Security & Credit Monitoring Services

Capital Bank protects your personal and financial information using firewall systems, intrusion detection software and 128-bit Secure Socket Layer (SSL) encryptions. For a lost or stolen card, you can call Capital Bank’s customer service number.

Loyalty Programs & Other Issuer Perks

Capital Bank doesn’t provide a loyalty program for its cardholders. However, since the card is a Visa, it has benefits, such as worldwide acceptance, fraud protection and roadside assistance.

Authorized Users

You can add authorized users by calling the number on the back of your card. This can be done once you’ve been approved for an account, not during the application process.

Keep in mind that Capital Bank charges a fee for adding authorized users to your card.

Overall Opinion of Capital Bank & Their Credit Card Offerings

Capital Bank’s credit card is a solid option for those looking to qualify for a secured card due to a poor credit score or lack of a bank account. The card reports to all three major credit bureaus, which can help you establish a good credit history. It also lets you set your credit limit and your payment schedule.

However, the card has an annual fee of $35 and a minimum deposit of $200. Another downside is that it doesn’t upgrade your account to an unsecured credit card. Considering all these factors, the OpenSky Secured Visa credit card is best suited for the following:

    boyThinking icon

    Individuals with poor or no credit

    Since Capital Bank doesn’t pull your credit during the application process, your credit score won’t matter.

    businessOwner icon

    Individuals who don’t mind annual fees

    Capital Bank charges an annual fee. You will have to pay $35 yearly to keep your OpenSky Secured Visa Credit Card.

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EXPERT OPINION

"Applying for a Capital Bank credit card can be an appealing option for consumers who don't want an inquiry on their credit report. You can easily apply without it affecting your credit. Once approved, you can build your credit score with responsible use of the card. As your score increases over time, you'll be able to apply for credit cards from other issuers that have better benefits or no annual fees."

- Lee Huffman, credit card expert at BaldThoughts.com

Still Not Sure About This Issuer? Consider These Options.

If you’re still undecided about getting the Capital Bank credit card, you can explore options in different categories. You may find that a balance transfer card or a cash back card is a better fit for you.

Learn more about credit cards in general

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
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