The Capital Bank OpenSky Secured credit card is an excellent option if you want to start progressing financially. With it, you don’t need to go through a credit check, making it accessible even for those with limited or nonexistent credit history.
If you’re tired of being rejected by other cards due to bad credit, the OpenSky Secured could be the ideal solution. The application process is quick and simple, and you can choose a credit limit that fits your financial needs.
Ready to take the next step in building your credit? Discover how this card can transform your credit profile and bring new financial opportunities. Keep reading to learn more!
About the Issuer
Capital Bank, the issuer of the OpenSky Secured card, is a renowned financial institution specializing in helping clients build and improve their credit. With a strong market reputation, Capital Bank offers reliable and accessible financial products for all types of consumers.
The OpenSky Secured credit card is one of Capital Bank’s main offerings, designed to provide a secure and efficient solution for credit building. The bank commits to reporting your payment activities to major credit bureaus, helping to improve your credit history over time.
By choosing Capital Bank as your financial partner, you are opting for an institution dedicated to providing support and resources to achieve your financial goals.
Benefits
No Credit Check: The Capital Bank OpenSky Secured credit card does not require a credit check for approval. This means that even those with bad or nonexistent credit history can qualify for the card. This is a significant advantage, as many credit cards require a good credit history for approval.
Customizable Security Deposit: The credit limit of this card is determined by the refundable security deposit, which can range from $200 to $3,000. This allows you to adjust your credit limit according to your financial needs and payment capacity.
Cashback: Use your card and earn up to 10% cashback on eligible purchases, a significant benefit offered by the issuing bank.
Credit Bureau Reporting: Capital Bank, the issuer of the OpenSky Secured Visa, reports your payment activities to the three major credit bureaus: Experian, Equifax, and TransUnion. Paying your bills on time and maintaining a low credit utilization rate can help improve your credit score over time.
Zero Fraud Liability: This benefit protects you against unauthorized purchases made with your card. If your card is lost or stolen, you will not be held responsible for fraudulent transactions, as long as you report them promptly.
Rental Car Insurance: The OpenSky Secured Visa offers insurance coverage for collision damage or theft of rented vehicles, providing an additional layer of protection when you rent a car.
Inactivity Fee: While not a benefit, it’s important to mention that the card charges a $10 monthly fee after 12 months of inactivity. To avoid this fee, make sure to use the card regularly, even for small purchases.
Payment Flexibility: The card allows you to choose the due date for your monthly payment, offering more flexibility to manage your finances and avoid late payments, which can harm your credit score.
Capital Bank OpenSky Secured credit card – Fees and commissions
The OpenSky Secured Visa card has an annual fee of $35, considered fair when compared to other credit-building cards. Additionally, the APR is 25.64%, considered accessible.
Note: Fees are subject to change by the issuing bank, so it’s always advisable to check the updated information directly on Capital Bank’s official website.
Card limit
The credit limit of the OpenSky Secured Visa is based on the refundable security deposit, which can range from $200 to $3,000. This offers flexibility to adjust your limit according to your financial capacity.
By increasing your deposit, you can access a higher credit limit, which can benefit your credit score by maintaining a low credit utilization rate.
Positive points
- AccessibilityNo credit check required for application.
- FlexibilityCustomizable security deposit sets the credit limit.
- CashbackOffers cashback on eligible purchases.
Negative points
- Annual FeeHas an annual fee of $35.
- Security DepositCan be a downside for those who don’t have money for the deposit.
- Few BenefitsOffers limited benefits compared to other cards.
How to apply for Capital Bank OpenSky Secured
You can apply for the Capital Bank OpenSky Secured credit card as follows:
- Visit the OpenSky website;
- Check in detail everything it offers;
- Click the “Get Started” button;
- Fill out the online application form;
- Choose your security deposit amount;
- Submit your application and wait for approval;
- Receive your card and start using it to build your credit.
How to contact Capital Bank
For any questions about the Capital Bank OpenSky Secured credit card, you can contact the bank at the address below:
OpenSky Card Services
PO Box 9224
Old Bethpage, NY 11804-9224
The Capital Bank OpenSky Secured credit card is a powerful tool for those who want to build or rebuild their credit in an accessible and secure way. Take advantage of this opportunity and apply today to start transforming your credit profile.
