MoneyGeek’s Take

OpenSky® Secured Visa® Credit Card Review

The OpenSky® Secured Visa® Credit Card is an exceptional option for people with poor to fair credit who are looking for a secured card that does not require a credit check. This card allows you to increase your credit limit, and you can add authorized users once your application is approved.You get to know if your application is approved almost immediately.

Advertising & Editorial DisclosureLast Updated: 11/17/2022
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Last Updated: 11/17/2022

MoneyGeek’s OpenSky® Secured Visa® Credit Card review can help you determine whether the card is suitable for your needs. This card allows individuals to build their credit. However, it comes with an annual fee, cash advance fee as well as foreign transaction fees.

Additionally, with a high APR and a late fee, you may want to be careful about making late payments as this may result in large interest penalties.

The OpenSky® Secured Visa® Credit Card features various charges, including an annual fee, a minimum security deposit of $200 as well as cash advance fees. The card doesn’t allow balance transfers. A limited time promotional offer for new cardholders gives them the ability to receive a credit line increase of up to $200 by the end of the first year, provided they make on-time payments.

Card Details to Know Up Front
  • Bonus, Fee or Feature
    Has or Not
  • Has Annual Fee
  • Security Deposit Required
  • Has Rewarding Welcome Offer
  • Has APR Offer
  • Has Balance Transfer Fee
Click to see this card’s rates, fees and how they compare to other cards in our dataset.

OpenSky® Secured Visa® Credit Card at a Glance

Beyond not requiring a credit check to apply, the OpenSky® Secured Visa® Credit Card provides several benefits that make it a worthy option. For starters, you find out if you're approved soon after you submit your online application. Your credit limit depends on the amount of your refundable deposit, which may range from as low as $200 to $3,000. The application process takes less than five minutes, and the card can help you build your credit.

  • 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
    • 20.39% (variable)APR

    Terms, rates and fees apply

    Compare this credit card with other top-rated cards from our partners.

Pros & Cons Explained

Before submitting your application for this card, make sure to understand the OpenSky® Secured Visa® Credit Card’s benefits and drawbacks. This can help you decide whether or not the card is worth applying for.


  • Benefits
  • No Credit Check
    There is no credit check required when you apply for this card, which means that your credit score won’t be affected. Individuals with poor credit are allowed to apply.
  • Reports to three credit bureaus
    OpenSky submits reports to all three credit bureaus. As a result, you can improve your credit score if you make timely payments.
  • Quick application process
    It takes customers less than five minutes to apply for the card.
  • Instant approval
    Once you submit your application, you find out if you're approved within a few minutes.
  • Automatic credit line increase
    An ongoing promotional offer gives you the ability to get an automatic credit limit increase of $50 by making your first three payments on time. The increase goes up to $200 by the end of the first year if you make all your payments on time. This automatic increase does not require any additional security deposit.


  • Drawbacks
  • Annual, late and foreign transaction fees
    This card charges a $35 annual fee and a late fee of up to $38. Plus, all international transactions incur a fee of 3%.
  • Security Deposit
    Cardholders pay a security deposit ranging from $200 to $3,000, depending on their preference.
  • Limited Perks
    The card has no introductory offers and no cash back rewards.
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The OpenSky Secured Visa Credit Card is not among the top secured cards based on MoneyGeek’s research. If you are looking for a secured credit card, it might be worth evaluating other options to see if you can find a better fit for your needs.

Other Features Explained

The OpenSky Secured Visa Credit Card comes with various features and benefits. We evaluated some of the top features to help you decide if this card is a good option for you.

  • Card Feature
  • Automated email alerts
    You can set up email alerts to remind you when your payment is due or when a transaction has been posted.
  • Authorized user
    It is easy to add authorized users to the OpenSky Secured Visa Credit Card. You can do this by calling the number on the back of the card. However, to add a user, you must be the primary cardholder. Additionally, this can only be done after your application has been approved.
  • OpenSky App
    Once OpenSky activates your credit card and you have created your online account, you can use the account to create credentials to log into the mobile app.
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If you want to set a higher credit limit with the OpenSky Secured Visa Credit Card, you can provide a larger refundable deposit than the $200 minimum. You can also request a credit line increment by calling OpenSky directly.

Understanding the Fine Print

There are various fees associated with the OpenSky Secured Visa Credit Card, as outlined below. The card has an annual fee, cash advance fee and foreign transaction fee. Make sure you fully understand the fine print so that you aren’t surprised by any fees that you may incur.

  • Card Feature
    Amount or Rate
  • APR
    20.39% (variable)
  • Annual Fee
  • Min. Security Deposit
  • Balance Transfer Fee
  • Balance Transfer APR
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    Regular APR

    The OpenSky Secured Visa Credit Card review indicates that the card features an APR of 20.39% (variable). The interest is applicable to regular purchases and cash advances.

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    Annual Fee

    The card features an annual fee of $35, which is considered average compared to other secured credit card options.

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    Foreign Transaction Fee

    With this card, you will pay a 3% fee on all transactions made outside the United States.

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    Cash Advance Fee

    OpenSky charges a cash advance fee of either $6 or 5% of the advance amount, whichever is higher.

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    Late Payment Fees

    Cardholders are charged a late fee of up to $38 on this card for payments delayed past the deadline. The due date is 25 days after the close of the billing cycle.

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To compare other cards with the OpenSky Secured Visa Credit Card, you can obtain information from your online account, mobile app or your billing statement. Additionally, you can find information via the credit card agreement database that is maintained by the Consumer Financial Protection Bureau

Who Should & Shouldn’t Consider OpenSky® Secured Visa® Credit Card?


Other Considerations for OpenSky® Secured Visa® Credit Card

Several factors determine whether the OpenSky® Secured Visa® Credit Card will benefit you or not. Before submitting an application, you should have a clear understanding of how you intend to use the card since it comes with various requirements and costs.

Things to Consider if This Will Be Your First or Only Credit Card

If you plan to use the OpenSky® Secured Visa® Credit Card as your first or only card, evaluate its interest rates, fees and security deposit amount. With this card, you will need to ensure you pay off your balances by the end of every cycle to avoid high interest charges.

To build your credit limit, you will need to consider a higher security deposit than the minimum amount.

This can be a good first credit card since it doesn’t require a credit check. In turn, using it responsibly can help you build your credit so that you can access better cards that offer no fees and rewards later on.

Things to Consider if This Will Be an Additional Card in Your Wallet

If you are thinking about adding the OpenSky Secured Visa Credit Card to your wallet, it can be a good solution that allows you to rebuild your credit limit over time. However, it features annual fees, cash advance fees and foreign transaction fees. Not receiving cash back on your purchases can also be limiting. Cardholders who need an option with no annual fees and a robust reward program may need to get an alternative card.

Unless you need a card that can help you improve your credit, this might not be the best addition to your wallet.

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MoneyGeek utilizes a thorough methodology process to determine the best credit cards across multiple categories. The process involves obtaining credit card information from the Consumer Finance Protection Bureau, coming up with standardized data points and potential cardholder profiles, then using these to assess annual and introductory perks for each card. We then ensure updated information by reviewing and reranking data monthly.

How OpenSky® Secured Visa® Credit Card Compares to Other Cards

The OpenSky Secured Visa Credit Card application process is simple since no credit check is required, and you get to know if you're approved almost instantly. If you have poor to fair credit, you can easily grow your credit line depending on the refundable deposit amount. However, how suitable the card is for you will depend on the specific features you are looking for. Comparing the card to another option in the same category can help you determine if it’s the right option for you.

Quick Comparison of OpenSky Secured Visa Credit Card


OpenSky® Secured Visa® Credit Card

  • Annual fee: $35
  • Purchase APR: 20.39% (variable)
  • International transaction fee: 3%
  • Cash advance rate: $6 or 5%
  • Minimum security deposit: $200
  • Reward rate: None
  • Best for: People with no or poor or no credit who want to build and improve their credit history.

Citi® Secured Mastercard®

  • Annual fee: $0
  • Purchase APR: 22.49%
  • International transaction fee: 3%
  • Cash advance rate: 3%
  • Minimum security deposit: $200
  • Reward rate: None
  • Best for: Balance transfers and people who are seeking an option with no annual fee.

Other Helpful Decision-Making Q&As

Here are some frequently asked questions about the OpenSky Secured Visa Credit Card with responses from MoneyGeek. These will help you find the additional details you need about the card.

Still not sure about this card? Consider these options.

If the OpenSky Secured Visa Credit Card does not meet your needs, you may want to consider many other options. For example, you can consider the best credit cards for people with bad credit to find a card that better fits your preferences.

Learn more about credit cards in general

  • OpenSky. "Help." Accessed April 11, 2022.
  • OpenSky. "OpenSky Cards." Accessed April 11, 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.
Advertiser Disclosure: MoneyGeek has partnered with and for our coverage of credit card products. MoneyGeek, CardRatings and 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.