Is OpenSky a real credit card?
The OpenSky® Secured Visa®Credit Card is a secured credit card that’s not only packed with features, it’s also a powerful credit-building tool. Instead of being offered a credit line based on your past credit history, you choose your credit line and secure it by making a one-time, refundable deposit .
Do OpenSky give credit increases?
Log in to your OpenSky online account. Choose the “Request Credit Line Increase” option in the “Account Services” section. Submit your request. If approved, you’ll receive an approval letter with instructions on how to add to your security deposit in order to increase your credit limit.
What is Open Sky annual fee?
The card has a $35 annual fee and reports to all three major credit bureaus. It allows you to set up to a $3,000 credit limit by making an equal-sized security deposit, subject to approval.
Does OpenSky match your deposit?
Since it’s a secured card, you have to put down a refundable cash deposit. With the OpenSky® Secured Credit Visa® Card, your deposit is equal to your credit limit. For example, if you want a $1,000 credit limit, you would put down a $1,000 deposit. For this card, you can choose a limit from $200 to $3,000.
How fast does open sky build credit?
Card details: Choose it yourself, from as low as $200. Build credit quickly. OpenSky reports to all 3 major credit bureaus. 99% of our customers who started without a credit score earned a credit score record with the credit bureaus in as little as 6 months.
How long does open sky take to approve?
24-48 hours
Applications are usually processed within 24-48 hours. If your application is approved you will receive an email letting you know. After application approval, receipt, and processing of your security deposit your credit card is made and then mailed to you. This can take up to 12-14 business days.
Does open sky approve everyone?
Highlights. No credit check necessary to apply. OpenSky believes in giving an opportunity to everyone. The refundable* deposit you provide becomes your credit line limit on your Visa card.
Does OpenSky do a hard pull?
No, the OpenSky card does not do a hard pull on your credit report. In fact, OpenSky does not perform any credit checks. OpenSky is a secured credit card designed for those looking to rebuild their credit, so it is available to applicants with bad or no credit. OpenSky requires a minimum security deposit of $200.
Is OpenSky deposit refundable?
Refunds. Your Deposit Account will be closed once you satisfy in full all your Account obligations under this Agreement. Upon the closure of your Deposit Account, Deposit Funds greater than $1.00 will be refunded within six (6) weeks.
What bank does OpenSky use?
Capital Bank
The OpenSky® Secured Visa® Credit Card from Capital Bank is a good option to help rebuild your credit. There’s no credit report required to apply, so your credit score doesn’t matter like it will with traditional credit cards. It’s even possible to get approved for this card if you don’t have a credit score at all.
What bank owns OpenSky credit card?
Capital Bank N.A.
OpenSky, A Division of Capital Bank N.A. | Better Business Bureau® Profile.
Does OpenSky do a credit check?
No credit check necessary to apply. OpenSky believes in giving an opportunity to everyone. The refundable* deposit you provide becomes your credit line limit on your Visa card. OpenSky reports to all 3 major credit bureaus.