The OpenSky® Secured Visa® Credit Card is designed for those who need to build or restore credit. It features a 24.39% variable APR and a $35 annual fee. You’ll enjoy a 10% cashback rate, helping you save while spending. The card’s minimum deposit is similar to most secured cards, making it accessible for applicants with various financial backgrounds. Approval is straightforward, and credit limits depend on your deposit amount and credit profile.

How to Apply: Step by Step

To get started, prepare your identification documents and banking details for the security deposit. Fill out the online application form and confirm your mail and contact details. Make your selected deposit, and submit your application. Once approved, you will receive your card within a few business days. Start using your card responsibly to build your credit record quickly.

Top Benefits

The OpenSky® Secured Visa® Credit Card’s high 10% cashback rate stands out for a secured card. This means you’re rewarded for responsible usage. No credit check for approval gives anyone with poor or limited credit history a fair shot. Over time, strong payment habits can help improve your credit standing for future financial opportunities.

Downsides to Consider

There is an annual fee of $35, and the variable APR is 24.39%, which is not the lowest. Late payments can lead to high interest, so discipline is needed. Credit limits start low, tied to your deposit, and do not instantly grow without a proven track record.

Our Verdict

If you are looking to improve your credit score and want a secured card with notable cashback, the OpenSky® Secured Visa® Credit Card is a smart choice. Though the annual fee is present, the benefits, easy approval, and reports to all major credit bureaus make it a solid starter solution in your credit journey.