The Capital Bank OpenSky Secured credit card might be the perfect solution for you! With it in hand, you can shop with great convenience and even accumulate cashback on eligible payments.
The advantages don’t stop there, as being a secured card, it can be approved without the need for strict credit checks. This makes the payment method accessible even to those with limited or poor credit history.
If you want to understand better how OpenSky can transform your financial life, keep reading and discover all the benefits and details that this card offers its customers.
About the Issuer
Capital Bank is the financial institution behind the OpenSky Secured Visa, a reliable choice for those looking to build credit. With a long track record in the market, Capital Bank is known for offering accessible and efficient financial products, especially for those who need a second chance.
Founded with the aim of meeting the financial needs of a wide range of customers, Capital Bank stands out for its flexibility and commitment to financial inclusion.
The OpenSky Secured Visa is a clear example of this commitment, providing a viable option for those who have difficulty being approved for traditional cards.
With a solid reputation, Capital Bank ensures that OpenSky users have access to credit tools that truly make a difference in their financial lives. This makes the bank a reliable choice for those who want to build credit responsibly.
Benefits
Approval Without Credit Check: One of the biggest attractions of OpenSky is that it does not require a credit check during the approval process. This means that even people with poor or non-existent credit history can be approved for the card.
Monthly Reports to Credit Bureaus: OpenSky sends monthly reports to the three major credit agencies – Experian, Equifax, and TransUnion. This is an essential benefit for those who want to improve their credit score, as each on-time payment is recorded and contributes positively to your history.
Flexible Security Deposit: The credit limit on OpenSky is defined by the amount of the security deposit, which can range from $200 to $3,000. This flexibility allows the user to choose the amount that best suits their financial capacity, providing greater control over credit.
Visa Protections: OpenSky offers a series of standard Visa protections, including fraud protection, emergency card replacement, and travel assistance. These protections ensure that you are covered in various situations, offering additional security in your transactions.
No Bank Account Required: Unlike many secured cards, OpenSky does not require you to have a bank account to open the card. This makes the card even more accessible, especially for those facing financial difficulties.
Cashback: The card comes with a cashback program, where you can earn up to 10% in rewards.
Capital Bank OpenSky Secured Credit Card – Fees and commissions
The annual fee for the Capital Bank OpenSky Secured credit card is $35, considered quite affordable. The variable interest rate is around 25.64%, which is relatively common for this type of card. Additionally, there is a cash advance fee of 5% or $6, whichever is greater.
It is important to note that fees may be subject to change by the card issuer, so it is essential to review the terms and conditions before applying.
Card limit
The credit limit on the OpenSky Secured Visa is defined by the amount of the security deposit made by the customer, which can range from $200 to $3,000. This means that you have full control over your limit, being able to adjust it according to your needs and financial capacity.
Additionally, with responsible use, you can improve your score and eventually be considered for credit limit increases or unsecured cards.
The flexibility in the deposit is a great advantage for those who need a customized limit, making OpenSky a versatile option for a variety of financial profiles.
Positive points
- Easy Access:No need for a credit check, making the card accessible to everyone.
- Reports to Bureaus:Contributes to credit score improvement with monthly reports.
- Flexibility:Adjustable security deposit according to your needs.
Negative points
- – Annual Fee:Although competitive, the $35 annual fee may be a barrier for some.
- Few Benefits:The card does not offer competitive benefits.
- Inactivity Fee:A $10 charge per month if the card remains inactive for an entire year.
How to apply for Capital Bank OpenSky Secured Credit Card
- Visit the official OpenSky website;
- Click on “Get started”;
- Fill out the online application form;
- Provide your personal information, such as full name and address;
- Provide basic financial information, such as income and expenses;
- Choose the amount of the security deposit (minimum $200);
- Review the terms and conditions;
- Submit the application and wait for approval;
- Deposit the security amount after approval;
- Receive your card by mail.
How to contact Capital Bank
For support or questions about the Capital Bank OpenSky Secured credit card:
OpenSky Card Services
P.O. Box 9224
Old Bethpage, NY 11804-9224
The Capital Bank OpenSky Secured credit card is a powerful tool for those who want to build credit securely. Apply for yours today and start shopping with more convenience!
