A secured credit card requires a one-time refundable security deposit to open and is equal to your credit limit. For example, if you deposit $100, your credit limit becomes $100. The beauty of the OpenSky secured credit card is that you can open an account without undergoing a traditional credit check. This is especially beneficial if you have a poor credit history or no credit history at all.
One of the benefits of your account is automatic monthly reporting to the three major credit bureaus. Paying your account on time, even your minimum payment, can help build a history of financial responsibility for you. A credit card is an important tool that lays the groundwork for your future finances.
Federal law states that you can get a free report from each of the three nationwide consumer credit reporting companies—Experian®, TransUnion®, and Equifax®—once every 12 months. Don't be fooled by offers from companies to pull your credit report or websites that ask for payment to see your credit report; only https://www.annualcreditreport.com/index.action is the official site authorized by the Federal government."
Yes, there is a $35 annual fee for the OpenSky Secured Visa® Credit Card. There is no annual fee for the OpenSky Plus Secured Visa® Credit Card. OpenSky believes in being upfront. There are no hidden fees or charges. All of our pricing and fee information is transparent and can be reviewed:
A credit limit represents the maximum amount you can spend on your credit card subject to approval. You decide the deposit amount, which directly determines your credit limit. It can range from as low as $100 to as high as $3,000, depending on the card you choose. The goal is to ensure you can manage payments effectively and succeed in building your credit!
*All applications are subject to approval.
Should you choose to withdraw your application, you may do so by contacting Customer Service at 1-855-763-6736.
We will notify you with an email from OpenSky once your application has been approved. Upon receiving and processing your security deposit, your credit card is made and then mailed to you. This can take up to 12-14 business days.
No. Your secured card will stay a secured Visa® credit card.
No. Security deposit funds are placed in an FDIC-insured account that does not earn interest.
OpenSky does not pull your credit — there is no credit check. You can get approved for our OpenSky Secured Visa® Credit Card whether you have poor credit or no credit. The card is designed to help build credit history with its monthly reporting to all three major credit bureaus. As a secured card, it does require a security deposit. Click here to learn more about how the OpenSky Secured Visa® Credit Card works.
No. Only you will know this is a secured credit card. Your payment and account history will be reported monthly to all three major consumer credit bureaus without being flagged as a secured card.
Requesting an increase is easy and can be done at any time. Simply visit openskycc.com, open the menu and tap on the “My Account” button. The My Account page will allow you to log in. Once you have logged into your account, choose the “Request Credit Line Increase” option in the “Account Services” section. If approved, you’ll receive an approval letter with instructions on how to send the additional security deposit to fund your credit limit increase.
The fastest way to fund your security deposit and get your card is to use your debit card at the time of application. Simply enter your debit card information into the Security Deposit section of the application.
If you don’t have a debit card, you can fund your security deposit at a later date and choose from these easy options:
If you choose to fund your security deposit at a later date you will receive an email with the instructions and details on the next steps.
You can use your OpenSky credit card everywhere Visa is accepted. Plus, you’re eligible for special Visa discounts through www.visa.com/discounts.
When you apply for an OpenSky Visa® Credit Card, we will ask you for your name, address, date of birth and other information that will allow us to identify you. You may be asked to provide your driver’s license or other identifying documents. We are required to follow this procedure each time an account is opened, even if you are a current customer of Capital Bank, NA.
Yes! OpenSky is one of the few issuers that doesn’t require a linked checking account to apply. Simply choose to pay your security deposit at a later date on your application. Then, after you've been approved, you will receive an email back with instructions on how and where to fund your account.
Applications are usually processed immediately. If your application is approved you will know immediately and also receive an email. After application approval and processing of your security deposit, your credit card is made and then mailed to you. This can take up to 12-14 business days.
In some instances, we may need clarification on information provided in your application prior to approval. If we do, we will send you an email or a text notification. Your responsiveness to these questions will determine the timing of receipt of your credit card.
Always be on the look-out for emails from OpenSky. Please note: this email address does not receive incoming emails.
Regular email updates are sent to applicants providing the status of their application throughout the entire process. To ensure you are receiving our emails, please add OpenSky to your contact list. You can also check the status of your application anytime! Simply visit www.openskycc.com and click on the Check Application Status link to request online access. We will ask you to verify a few pieces of information and then we will send you an email with a unique one-time passcode that will give you access to the status of your application.
Federal law requires that all financial institutions know and confirm their customer’s identity according to the USA Patriot Act. The USA Patriot Act was created to help the government fight the funding of terrorism and money laundering activities. Federal law requires all financial institutions to obtain, verify, and record information that identifies each individual or entity opening an account.
Please allow up 12-14 business days from the date of your approval letter to receive your new credit card. If you have not received your card within this time, please contact us by calling 1-800-859-6412 (24/7). We welcome relay calls, please dial 711 (Nationwide) to engage Telecommunication Relay Service. We will review your account to determine if there has been any unauthorized charges and a new card will be issued.
Capital Bank, N.A., is a publicly traded bank headquartered in Rockville, MD. that has offered a range of financial services to businesses and consumers since 1999, in addition to owning and operating a nationwide mortgage business and card company, OpenSky. Member FDIC. An Equal Housing Lender.
Your security deposit will be returned to you once your account is closed and the balance is paid in full. We may use your security deposit to expedite the pay down of your outstanding balance. In certain circumstances it can take eight (8) weeks however, it generally takes less than four (4) weeks to receive your security deposit refund in the mail.
Please refer to your Card Agreement for additional details related to your security deposit.
A secured credit card requires a one-time refundable security deposit to open and is equal to your credit limit. For example, if you deposit $100, your credit limit becomes $100. The beauty of the OpenSky secured credit card is that you can open an account without undergoing a traditional credit check. This is especially beneficial if you have a poor credit history or no credit history at all.
One of the benefits of your account is automatic monthly reporting to the three major credit bureaus. Paying your account on time, even your minimum payment, can help build a history of financial responsibility for you. A credit card is an important tool that lays the groundwork for your future finances.
Federal law states that you can get a free report from each of the three nationwide consumer credit reporting companies—Experian®, TransUnion®, and Equifax®—once every 12 months. Don't be fooled by offers from companies to pull your credit report or websites that ask for payment to see your credit report; only https://www.annualcreditreport.com/index.action is the official site authorized by the Federal government."
Yes, there is a $35 annual fee for the OpenSky Secured Visa® Credit Card. There is no annual fee for the OpenSky Plus Secured Visa® Credit Card. OpenSky believes in being upfront. There are no hidden fees or charges. All of our pricing and fee information is transparent and can be reviewed:
A credit limit represents the maximum amount you can spend on your credit card subject to approval. You decide the deposit amount, which directly determines your credit limit. It can range from as low as $100 to as high as $3,000, depending on the card you choose. The goal is to ensure you can manage payments effectively and succeed in building your credit!
*All applications are subject to approval.
Should you choose to withdraw your application, you may do so by contacting Customer Service at 1-855-763-6736.
We will notify you with an email from OpenSky once your application has been approved. Upon receiving and processing your security deposit, your credit card is made and then mailed to you. This can take up to 12-14 business days.
No. Your secured card will stay a secured Visa® credit card.
No. Security deposit funds are placed in an FDIC-insured account that does not earn interest.
OpenSky does not pull your credit — there is no credit check. You can get approved for our OpenSky Secured Visa® Credit Card whether you have poor credit or no credit. The card is designed to help build credit history with its monthly reporting to all three major credit bureaus. As a secured card, it does require a security deposit. Click here to learn more about how the OpenSky Secured Visa® Credit Card works.
No. Only you will know this is a secured credit card. Your payment and account history will be reported monthly to all three major consumer credit bureaus without being flagged as a secured card.
Requesting an increase is easy and can be done at any time. Simply visit openskycc.com, open the menu and tap on the “My Account” button. The My Account page will allow you to log in. Once you have logged into your account, choose the “Request Credit Line Increase” option in the “Account Services” section. If approved, you’ll receive an approval letter with instructions on how to send the additional security deposit to fund your credit limit increase.
The fastest way to fund your security deposit and get your card is to use your debit card at the time of application. Simply enter your debit card information into the Security Deposit section of the application.
If you don’t have a debit card, you can fund your security deposit at a later date and choose from these easy options:
If you choose to fund your security deposit at a later date you will receive an email with the instructions and details on the next steps.
You can use your OpenSky credit card everywhere Visa is accepted. Plus, you’re eligible for special Visa discounts through www.visa.com/discounts.
When you apply for an OpenSky Visa® Credit Card, we will ask you for your name, address, date of birth and other information that will allow us to identify you. You may be asked to provide your driver’s license or other identifying documents. We are required to follow this procedure each time an account is opened, even if you are a current customer of Capital Bank, NA.
Yes! OpenSky is one of the few issuers that doesn’t require a linked checking account to apply. Simply choose to pay your security deposit at a later date on your application. Then, after you've been approved, you will receive an email back with instructions on how and where to fund your account.
Applications are usually processed immediately. If your application is approved you will know immediately and also receive an email. After application approval and processing of your security deposit, your credit card is made and then mailed to you. This can take up to 12-14 business days.
In some instances, we may need clarification on information provided in your application prior to approval. If we do, we will send you an email or a text notification. Your responsiveness to these questions will determine the timing of receipt of your credit card.
Always be on the look-out for emails from OpenSky. Please note: this email address does not receive incoming emails.
Regular email updates are sent to applicants providing the status of their application throughout the entire process. To ensure you are receiving our emails, please add OpenSky to your contact list. You can also check the status of your application anytime! Simply visit www.openskycc.com and click on the Check Application Status link to request online access. We will ask you to verify a few pieces of information and then we will send you an email with a unique one-time passcode that will give you access to the status of your application.
Federal law requires that all financial institutions know and confirm their customer’s identity according to the USA Patriot Act. The USA Patriot Act was created to help the government fight the funding of terrorism and money laundering activities. Federal law requires all financial institutions to obtain, verify, and record information that identifies each individual or entity opening an account.
Please allow up 12-14 business days from the date of your approval letter to receive your new credit card. If you have not received your card within this time, please contact us by calling 1-800-859-6412 (24/7). We welcome relay calls, please dial 711 (Nationwide) to engage Telecommunication Relay Service. We will review your account to determine if there has been any unauthorized charges and a new card will be issued.
Capital Bank, N.A., is a publicly traded bank headquartered in Rockville, MD. that has offered a range of financial services to businesses and consumers since 1999, in addition to owning and operating a nationwide mortgage business and card company, OpenSky. Member FDIC. An Equal Housing Lender.
Your security deposit will be returned to you once your account is closed and the balance is paid in full. We may use your security deposit to expedite the pay down of your outstanding balance. In certain circumstances it can take eight (8) weeks however, it generally takes less than four (4) weeks to receive your security deposit refund in the mail.
Please refer to your Card Agreement for additional details related to your security deposit.