Best for rebuilding or building credit score at a low APR

This card is a reasonable place to start building or rebuilding your credit, although there are secured cards with lower fees and better perks.

At a glance

no offer
no offer
None
21.64% (variable)
21.64% (variable)
$35
  • No credit check to apply and find out instantly if you are approved.
  • OpenSky gives everyone an opportunity to improve their credit with an 85% average approval rate for the past 5 years

At a glance

no offer
no offer
None
21.64% (variable)
21.64% (variable)
$35
  • No credit check to apply and find out instantly if you are approved.
  • OpenSky gives everyone an opportunity to improve their credit with an 85% average approval rate for the past 5 years
  • You could be eligible for the OpenSky Gold Unsecured Card after as few as 6 months
  • Reports to all 3 major credit bureaus monthly, unlike a prepaid or debit card
  • View your FICO® Score through your OpenSky account, an easy way to stay on top of your credit
  • Nearly half of OpenSky cardholders who make on-time payments improve their FICO score 30+ points in the first 3 months
  • Your refundable* deposit, as low as $200, becomes your OpenSky Visa credit limit
  • Easy application, apply in less than 5 minutes right from your mobile device
  • Offer flexible payment due dates which allow you to choose any available due date that fits your payment schedule
  • *View the cardholder agreement

Our Take

TPG Editor's Rating

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2/5

Overview

This card has a relatively low APR for a secured card and a higher credit limit of up to $3,000 (matching your security deposit), and doesn’t require a credit check to get. But it also offers no rewards or bonuses, comes with a $35 annual fee and has no automatic path to an unsecured card.

Pros

  • This secured card has lenient credit requirements that allow almost anyone to get approved, no matter their score. OpenSky Secured Visa claims that 99 percent of its users who had no credit built up a credit score within six months of using the card

Cons

  • This card has a $35 annual fee, no rewards or welcome bonus and no path to an automatically upgraded unsecured card.

Who is this card good for?

This card is good for those with a poor credit history looking to get back on track.

Earning Rewards

None.