Opensky Secured Visa Review

Boost your credit with cash-back perks & no credit check – Opensky gets you started.

If you’re aiming to build or rebuild your credit, Opensky Secured Visa offers a clear, no-nonsense route. With tools designed for simplicity and transparency, it strips away many of the obstacles that make credit cards daunting for those with limited or no credit history.

This card gives you rewards, consistent reporting, and chances to grow—all while removing hard credit checks or inflated fees as barriers. Read on to see how these features work together to help you steadily improve your financial footing.

Unlock Your Opensky Edge

Positive Highlights of Opensky Secured Visa

1. No credit check to apply
You can apply without a hard pull on your credit score. This means there’s no risk of hurting your status just by applying. Ideal if your credit is thin or damaged, since most secured cards require a credit check that can temporarily lower your score.

2. Reports to all three major credit bureaus
Opensky reports your payment history, credit usage, and account standing to Experian, TransUnion, and Equifax. That’s essential for building credit, since lenders and scoring models often look at all these sources.

3. Up to 10% cash back rewards at select merchants
You can earn rewards when you shop at participating retailers. The rate can go up to 10% at specific merchants. This turns regular spending—groceries, dining, streaming—into something beneficial rather than just an expense.

4. Minimum security deposit sets your credit limit
You’ll need to make a refundable security deposit, and that deposit becomes your credit limit. It ensures you are in control: the more you deposit (within allowed bounds), the more you can spend—but always within your comfort zone.

5. Credit line increase or upgrade options
After about six months of on-time monthly payments, Opensky may review your account and offer a credit line increase, even without adding more deposit. That gives you a chance to grow credit capacity while demonstrating responsible behavior.

6. Multiple card options to fit different needs
Opensky offers variants like Launch, Standard, and Plus secured Visa cards, which differ in deposit amounts, fees, and features. This flexibility lets you pick depending on how much you can deposit now and what fees you’re willing to accept.

7. Free access to FICO score and card monitoring tools
You get tools to track your credit progress and see where you stand, which helps make budgeting and credit-building more intentional. Being able to monitor progress helps in staying motivated and spotting issues early.

8. Mobile app and alerts for ease of management
Opensky offers an app for managing account access, alerts for payments, and mobile wallet compatibility. Those features reduce friction: paying on time and monitoring balances are easier when you have digital tools.

9. High approval rate
The approval rate is quite high for those who meet the basic requirements. Especially beneficial if other secured or unsecured cards have rejected you due to past credit issues.

Qualification Requirements

• Must be 18 years or older and a U.S. resident, with legal documentation such as a Social Security Number.
  
• You cannot apply if already in active bankruptcy or if you have unresolved issues that prevent identity verification.
  
• Ability to provide the refundable security deposit. Amount depends on the card version, with minimums starting at a few hundred dollars.
  
• Valid Social Security Number for reporting to credit bureaus.
  
• Must meet income or ability to make monthly payments. Even though there’s no credit check, your income or assets need to show you can fulfill payment obligations.
  
• Need to apply from a state where Opensky is available. Some cards or versions may have geographic restrictions.
  

How to Apply for The Opensky Secured Visa

1. Select the version that fits you
   Decide whether you want the Launch, Standard, or Plus secured card — each has different deposit and fee structures. Check what minimum deposit you can manage.
   
2. Go to the official Opensky application page
   Use the secure Opensky site to apply. Navigate to the secured card page for the version you choose.
   
3. Fill in personal and financial information
   Including name, address, date of birth, Social Security Number, income source, and contact details.
   
4. Choose your security deposit amount
   This becomes the spending limit of your secured card. Make sure you can afford it; it’s refundable.
   
5. Agree to terms, disclosures, and identity verification
   Review cardholder agreement, APR (variable), fees, and how rewards work. Confirm verification of identity.
   
6. Activate and use responsibly
   Once approved, start using the card for everyday purchases, make payments on time, keep usage low relative to your limit. This can lead to credit line increases and possibly upgrading to an unsecured card.
   

Frequently Asked Questions

1. What is the APR on Opensky Secured Visa cards?
Variable APRs depend on the card version, averaging around 28.99%. Make sure to review the specific terms for the version you choose.

2. Does Opensky check my credit when I apply?
No — there is no hard credit check required to apply. This means applying won’t damage your credit score.

3. Can I increase my credit limit without adding to my deposit?
Yes — after about six consecutive on-time monthly payments, Opensky may offer a credit line increase without requiring additional deposit.

4. Do payments get reported to the credit bureaus?
Yes — Opensky reports account activity monthly to all three major bureaus (Equifax, Experian, TransUnion), which helps build your credit history.