OpenSky Secured Visa – How to apply

By Raquel Oliveira • 03/19/2025

OpenSky Secured Visa No credit check required and Global Visa acceptance.

The OpenSky Secured Visa is a top-tier secured credit card, ideal for anyone serious about building or improving their credit rating.

Unlike many secured credit cards that require you to deposit an amount equal to your credit limit, the OpenSky Secured Visa allows you to set the amount of your initial deposit based on your financial needs and offers a flexible credit limit of up to $5,000. It has a frame. 

This allows you to better manage your balance and, like a Visa card the OpenSky Secured Visa can be used internationally and is widely accepted, as well as providing security for online purchases and transaction alerts. 

The card’s structure makes it a good option for those who want total control over their finances while building a positive credit history for the future.

How does the OpenSky Secured Visa credit card work? 

The OpenSky Secured Visa Credit Card works differently from traditional credit cards because it requires a security deposit. This deposit acts as collateral and determines your credit limit. For example, if you deposit $200, your credit limit will be $200.

This security deposit is fully refundable when you close the account in good standing. The deposit also lowers the risk for the issuer, making it possible to get approved without a credit check.

Once approved and the deposit is made, you can use the card just like any other Visa card. Purchases, payments, and balances function similarly to standard credit cards.

Most importantly, OpenSky reports your payment history to Experian, Equifax, and TransUnion. Since these are the three major credit bureaus, responsible usage can positively impact your credit score over time.

Main Benefits of the OpenSky Secured Visa

This card offers several advantages that make it a great choice for those seeking to build credit. Here are the key benefits:

• No credit check required – Unlike most credit cards, OpenSky does not evaluate your credit score before approval, making it easier to qualify.
• Reports to all three major credit bureaus – Timely payments help build credit history and improve your credit score over time.
• Flexible security deposit – You can choose a deposit amount starting at $200, with options to increase it up to $3,000 for a higher credit limit.
• Global Visa acceptance – The card is accepted in millions of locations worldwide, making it a practical option for daily use.
• Customizable payment due date – Choose the date that works best for you, giving you more control over your financial schedule.

With these features, the OpenSky Secured Visa serves as a practical and effective tool for individuals aiming to improve their financial standing.

Cons of OpenSky Secured Visa

• Mandatory initial deposit: The main disadvantage of OpenSky Secure Visa is the initial deposit requirement, which can be a barrier for those who don’t have the funds.
• Maintenance fee: The OpenSky Secured Visa annual fee is relatively affordable, but the card does have a maintenance fee, which can be a disadvantage for those who want to own the card without additional costs.
• The credit limit can be low: The initial credit limit is determined by the amount of the initial deposit and may be lower if the cardholder is unable to make a large deposit. This limits flexibility for users who want higher credit limits.

APR and fees

OpenSky Secured Visa it~s a good option because it offers a variable APR of 18.24%, which is comparable to a secured credit card.

This means that it costs less to finance purchases than other secured cards, which usually charge higher rates if you don’t pay off the balance in full.

In addition, this card has an annual fee of $35, which is typical for secured credit cards. This fee is not high, but should be considered when evaluating the overall cost of card ownership. 

The OpenSky Secured Visa does not charge foreign transaction fees, which is a benefit for those traveling outside the United States or shopping abroad.

How to Apply for the OpenSky Secured Visa

Applying for the OpenSky Secured Visa is straightforward and does not require a credit check. Here’s how to do it:

1. Visit the OpenSky website and go to the application page.
2. Fill out the form with your personal information, including your name, address, and income details.
3. Choose your security deposit amount, starting at $200, to determine your credit limit.
4. Submit the application and complete your deposit payment.
5. Wait for approval – Since no credit check is needed, decisions are typically made quickly.
6. Receive and activate your card, then begin using it responsibly to build your credit.

Once approved and active, it’s essential to use the card wisely. Keep your balance low, pay on time, and avoid late payments to maximize its credit-building potential.

Conclusion

This card is an excellent choice for individuals with no credit history or poor credit. With no credit check required, it stands out as one of the most accessible secured credit cards available in the market.

However, the security deposit requirement and annual fee may not suit everyone. If you can afford the deposit and need a stress-free way to build credit, this card is certainly worth considering.

With responsible usage, this card can be a stepping stone to better financial opportunities. Over time, you can improve your creditworthiness, making it easier to qualify for more rewarding credit options in the future.

Apply today for the OpenSky Secured Visa and unlock its benefits. Enjoy a hassle-free application process, gain access to valuable rewards, and start building a stronger credit profile with this accessible and effective financial tool.