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This OpenSky Plus Secured Visa Credit Card review is for people who want to rebuild credit but do not want another hard inquiry on their credit report. The OpenSky® Plus Secured Visa® Credit Card requires no credit check to apply, charges no annual fee, and reports account activity to the three major credit bureaus.
That makes it a practical option for consumers who have been denied by traditional banks, have a thin credit file, or are rebuilding after serious credit damage. Approval is still not guaranteed, and the card requires a refundable security deposit, but the no-credit-check application process is the main reason this card stands out.
Quick Verdict
The OpenSky Plus Secured Visa Credit Card is one of the best options for rebuilding credit because it requires no credit check to apply and charges no annual fee.
Best for: people with damaged credit, no credit, or prior denials who want a secured Visa card without a hard pull to apply. See if you pre-qualify on the official OpenSky website.
The Bottom Line
The OpenSky® Plus Secured Visa® Credit Card is not designed for rewards or premium benefits. Its main value is access. If your credit history makes traditional approvals difficult, the lack of a credit check can make this card easier to consider than many secured cards from major banks.
In this OpenSky Plus Secured Visa Credit Card review, the biggest strengths are clear: no annual fee, no credit check to apply, credit bureau reporting, and a straightforward secured-card structure. The main drawbacks are the $300 minimum deposit, high variable APR, and lack of traditional rewards.
| Feature | OpenSky® Plus Secured Visa® Credit Card |
|---|---|
| Best For | No-credit-check secured credit access |
| Annual Fee | $0 |
| Credit Check | No credit check to apply |
| Minimum Security Deposit | $300 |
| Maximum Security Deposit | Up to $3,000, subject to approval |
| Rewards | No traditional rewards program |
| Editorial Rating | 4.2 / 5 |
Pros & Cons
Pros
- No credit check to apply
- No hard pull required for the application
- $0 annual fee
- Reports monthly to Equifax, Experian, and TransUnion
- Useful for rebuilding credit after denials, damaged credit, or a thin credit file
- Visa acceptance is broad in the U.S.
- Simple secured-card structure: your deposit supports your credit limit
Cons
- Higher minimum security deposit of $300
- High variable APR, listed by OpenSky at 28.24% at publication
- No traditional cash back or points rewards program
- No clear built-in upgrade path to an unsecured card
- Approval and funding are still not guaranteed
- Not ideal if you plan to carry a balance
How the OpenSky Plus Secured Visa Works
The OpenSky Plus Secured Visa works like a secured credit card. You provide a refundable security deposit, and that deposit supports your credit limit. For the Plus version, the minimum deposit is $300, and the deposit may go up to $3,000, subject to approval.
If you deposit $300, your credit limit is generally based on that deposit amount. If you deposit more, your available credit may be higher, subject to OpenSky’s terms and approval. This structure is simple, but it requires you to tie up cash before the card can be used.
The security deposit is refundable when the account is closed in good standing, subject to the issuer’s terms. That means you still need to pay your bill, avoid unpaid balances, and keep the account in good condition if you want your deposit returned.
Credit reporting note: OpenSky reports payment and account history monthly to all three major consumer credit bureaus. This can help your credit if you pay on time and keep utilization low, but it can hurt your credit if you miss payments or carry high balances.
Because this is still a credit card, responsible use matters. Your payment history, credit utilization ratio, and account management can affect your FICO® Score over time. You can learn how FICO scoring works through myFICO’s official FICO Score guide.
Rates and Fees
The OpenSky® Plus Secured Visa® Credit Card has a $0 annual fee, which is important for a credit rebuilding card. However, the APR is high. This card should be used to build credit, not to finance purchases or carry balances.
| Fee or Rate | OpenSky® Plus Secured Visa® Credit Card | Why It Matters |
|---|---|---|
| Annual Fee | $0 | No annual fee makes the card less expensive to keep open while rebuilding credit. |
| Regular APR | 28.24% variable APR, as listed by OpenSky at publication | This is high enough that carrying a balance can become expensive quickly. |
| Intro APR | No standard purchase intro APR | This card is not designed for promotional financing. |
| Minimum Security Deposit | $300 | The minimum deposit is higher than some competing secured cards. |
| Maximum Security Deposit | Up to $3,000, subject to approval | A higher deposit may support a higher credit limit, but it also ties up more cash. |
| Foreign Transaction Fee | Check current issuer terms before applying | Important if you plan to use the card outside the U.S. or for international purchases. |
APR warning: The OpenSky Plus card is best used when you pay the full statement balance every month. If you carry a balance, the interest charges can quickly cancel out the benefit of having a no-annual-fee secured card.
Who Should Get This Card?
The OpenSky® Plus Secured Visa® Credit Card is best for people who need a credit-building card but want to avoid a hard pull. This OpenSky Plus Secured Visa Credit Card review is especially relevant for readers who have been denied by other issuers or who are rebuilding after serious credit problems.
This card may be a good fit if:
- You have severely damaged credit.
- You have no credit history or a thin credit file.
- You want to avoid a hard inquiry when applying.
- You can afford the $300 minimum refundable security deposit.
- You want a secured Visa card with no annual fee.
- You want monthly reporting to Equifax, Experian, and TransUnion.
- You plan to pay the full statement balance every month.
This card may not be ideal if:
- You cannot afford to tie up at least $300 as a deposit.
- You want rewards, cash back, or points.
- You plan to carry a balance.
- You want a clear path to upgrade to an unsecured card.
- You already qualify for a no-annual-fee unsecured credit card.
For best results, treat this card as a temporary credit-building tool. Use it lightly, pay on time, keep your reported balance low, and review your progress over several months.
Top Alternatives
The OpenSky Plus card is strong for no-credit-check access, but the $300 minimum deposit and high APR mean it is not the best option for everyone.
| Alternative | Best For | Main Difference |
|---|---|---|
| Capital One Platinum Secured Credit Card | Lower deposit potential | Some approved applicants may get a $200 starting credit line with a $49, $99, or $200 refundable deposit. |
| Chime Credit Builder Card | No interest and safer credit building | Chime has no credit check and no interest, but it works differently from a traditional secured credit card. |
| Discover it® Secured Credit Card | Rewards while building credit | Discover offers cash back and Cashback Match, but it uses a traditional secured-card deposit structure. |
If you cannot afford the $300 minimum deposit, read our Capital One Platinum Secured Credit Card review for a potentially lower entry point.
If you want to avoid interest completely and have or want a Chime account, check our Chime Credit Builder Card review.
If you want to earn rewards while building credit, explore our Discover it Secured Credit Card review.
How to Use the OpenSky Plus Card to Build Credit
Getting approved is only the beginning. The card can help most when you use it consistently, keep balances low, and avoid interest charges.
- Start with a deposit you can afford. The minimum deposit is $300, but tying up more cash may not be necessary for every user.
- Use the card for small purchases. A few predictable monthly charges are enough to create activity.
- Keep utilization low. If your limit is $300, a $90 reported balance equals 30% utilization.
- Pay the full statement balance on time. Payment history is one of the most important credit-building factors.
- Avoid carrying a balance. The APR is high, and interest is not required to build credit.
- Review your credit reports. You can review your credit reports through AnnualCreditReport.com, the official site authorized for free credit reports from Equifax, Experian, and TransUnion.
FAQ
Is there a credit check for the OpenSky Plus Secured Visa?
No. OpenSky states that there is no credit check required to apply for the OpenSky Plus Secured Visa. That means there is no hard pull for the application.
What is the minimum deposit for the OpenSky Plus card?
The minimum refundable security deposit is $300. The deposit supports your credit limit and may be refundable when the account is closed in good standing, subject to issuer terms.
Does the OpenSky Plus Card have an annual fee?
No. The OpenSky Plus Secured Visa Credit Card has a $0 annual fee, which makes it less expensive to keep open than secured cards that charge annual fees.
Does the OpenSky Plus card report to credit bureaus?
Yes. OpenSky states that payment and account history are reported monthly to the three major consumer credit bureaus: Equifax, Experian, and TransUnion.
Final Verdict of Our OpenSky Plus Secured Visa Credit Card Review
The OpenSky® Plus Secured Visa® Credit Card is worth considering if you need a no-credit-check secured card with no annual fee and monthly reporting to the major credit bureaus. It is especially useful for people who have been denied elsewhere or who want to avoid another hard inquiry.
The card is not ideal if you cannot afford the $300 minimum deposit, want rewards, or plan to carry a balance. The high APR makes full monthly payment important. Used carefully, this OpenSky Plus Secured Visa Credit Card review shows that the card can be a practical tool for rebuilding credit, but not a tool for long-term borrowing.
Ready to compare the OpenSky Plus Secured Visa?
Review the latest deposit requirements, rates, fees, and eligibility details directly on OpenSky’s official site before applying.
Terms apply. Approval and credit-building results are not guaranteed. Always review OpenSky’s official terms, deposit requirements, rates, fees, and eligibility disclosures before applying.
Disclaimer & Editorial Disclosure
Informational Purposes Only: The information provided on Wealth Logic Hub is for educational and informational purposes only and does not constitute financial, legal, tax, credit, or investment advice. Credit card terms, fees, APRs, rewards, security deposit rules, approval standards, and credit reporting practices can change. Always review the issuer’s official terms before applying.
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Editorial Note: Opinions, reviews, ratings, and card evaluations expressed in this article are the author’s alone and have not been reviewed, approved, or otherwise endorsed by any bank, credit card issuer, advertiser, or financial partner.
