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

Capital Bank offers business and consumer banking services in the Washington metropolitan area. MoneyGeek evaluated the credit card it offers so that you can decide if it’s the best option for you.

Advertising & Editorial DisclosureLast Updated: 1/26/2023

Reviewed By

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
A good secured card for those who have poor credit
- None–FairRecommended Credit
- $35Annual Fee
- $200Min. Security Deposit
- 3# of Reporting Bureaus
- 21.89% (Variable)APR
We recommend the OpenSky® Secured Visa® Credit Card to people with poor creditworthiness, all the more so because it does not run a credit check when you apply. In addition, you may find out if you’re approved instantly. Capital One, the card’s issuer, claims that this card comes with an average approval rate of 87%.
You may choose any credit limit from $200 to $3,000 by providing the corresponding amount as security deposit. You get 60 days to pay your security deposit, and you may choose to make partial payments. You have the option of increasing your credit limit as you go forward. To increase your credit limit, you’ll need to add to your security deposit. Getting an unsecured credit line after six months is a possibility. Flexibility in choosing your due date is an added benefit.
Making your payments on time can help build your credit score, as this card reports payment history to the top three credit bureaus in the country. All cardholders get to view their FICO score online for free.
The OpenSky Secured Visa Credit Card comes with an annual fee of $35. If you use it outside of the U.S., expect to pay foreign transaction fees.
Pros
Can apply with poor credit
No credit check involved
Instant approval
Nominal annual fee
Security deposit may range from $200 to $3,000
Option to pay security deposit over a 60-day period
Ability to add to the security deposit at a later stage
Possible to get an unsecured credit line after six months
Flexible due dates
Reports to major credit bureaus
Gives you access to your FICO Score

Cons
Foreign transaction fees
Cash advance fees
Annual fee of $35
Accepts any amount between $200 and $3,000 as security deposit
Can pay security deposit over a 60-day period
Offers eligibility-based upgrade to an unsecured credit line after six months
No credit check when you apply and instant approval
Flexibility in choosing due date
Reports to Equifax, Experian and TransUnion each month
View your FICO score online for free
3% foreign transaction fees
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
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.