What is the accepted credit score range for most cards?

One Capital Bank card's benefit is that there’s no credit check required during the application process. You can secure approval from this issuer even if you have a poor or no credit score at all

How many cards can you own?

Since Capital Bank only offers one credit card, its customers are limited to one card per individual.

How many times can you apply?

Capital Bank doesn’t specify the number of times you can apply for its credit card. However, waiting for at least six months between applications is a good rule of thumb. This can increase your chances of getting approved.

How many times can you get approved?

There’s no specific rule on the number of approvals you can secure at Capital Bank.

How many times can you claim a welcome bonus?

Unfortunately, Capital Bank doesn’t offer any welcome bonus for new cardholders.

Capital Bank Credit Card Reviews, Rules & Opinions

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

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.

ON THIS PAGE:

Different Card Offerings from Capital Bank
Rules for Applying, Acceptance & Welcome Bonuses
Other Considerations for Capital Bank
Overall Opinion of Capital Bank & Card Offerings

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 2023

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
- 22.64% (Variable)APR
- $200Min. Security Deposit
- $35Annual Fee
- None–FairRecommended Credit
The OpenSky® Secured Visa® Credit Card stands out as a strong contender for individuals focused on improving their credit health. With no credit check, this card removes a major obstacle for those with low or no credit score, offering a stress-free gateway to credit improvement. With a reasonably low APR compared to other secured cards, it's a potential money-saver even with a modest annual fee. Lastly, consideration for a higher credit line after six months without additional deposits offers increased purchasing power and assists in keeping your credit utilization low. This card offers a balanced blend of flexibility, affordability, and opportunities for credit growth.
Pros
No credit check required
Wide security deposit range
Access to higher credit line after 6 months with no additional deposit
Reports to three major credit bureaus
Relatively low APR

Cons
Annual fee of $35
Foreign transaction fees
No rewards
Inactive account fee
No credit check required
Security deposit: $200 to $3,000
Credit limit equal to deposit - you can increase by adding to your deposit
Access to higher credit line after 6 months, no additional deposit required
Annual fee of $35
Reports to all credit bureaus
Late payment fee of up to $38
Foreign transaction fee of 3%
Inactive account fee of $10 after 12 months of inactivity
Terms, rates and fees apply

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.

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.
Purchase Protection	OpenSky Secured Visa cardholders are protected from unauthorized purchases with $0 fraud liability coverage.
Co-Branding & Partnerships	Capital Bank doesn’t have partnerships with any consumer brands.
Other Products Offered	Aside from its credit card, Capital Bank also offers personal checking accounts, health savings accounts, individual retirement savings accounts, business checking accounts, zero balance accounts, home financing and more.

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:

Individuals with poor or no credit
Since Capital Bank doesn’t pull your credit during the application process, your credit score won’t matter.
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.

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

sources

Capital Bank. "About Capital Bank." Accessed January 12, 2022.
OpenSky. "Credit Education." Accessed January 12, 2022.
OpenSky. "How does the OpenSky Secured Visa Credit Card build your credit?." Accessed January 12, 2022.

*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.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.