OpenSky® Secured Visa®

Apply Nowon Capital Bank's secure website
Apply Nowon Capital Bank's secure website

OpenSky® Secured Visa®

Apply Nowon Capital Bank's secure website
Apply Nowon Capital Bank's secure website

Card details

  • No credit check necessary
  • Low annual fee, no applications fees a highly competitive APR
  • Your credit limit is determined by the security deposit you provide

APR

Purchase: 18.14%

Penalty APR: Up to 22.25%

Cash Advance APR: 18.14%

Pros

  • Qualify with limited / bad credit

Cons

  • Has annual fee
  • No rewards
  • High APR

Rewards rate

N/A

Annual fee

$35

Intro APR

N/A

Recommended credit score

Nerdwallet Review

Author: Virginia C. McGuire

There are other secured credit cards with lower annual fees, higher credit limits, and smaller minimum deposits. But the OpenSky® Secured Visa® has two major benefits that set it apart: There is no credit check for applicants, and you do not need a bank account.

This means the card is accessible to people with extremely low credit scores, people with no credit history at all, and people who don't have access to a bank account. The only catch is that your monthly income must be higher than your monthly expenses. As long as you meet that requirement, approval is very likely.

NerdWallet reviews are the result of independent research by our editorial team while cardholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.

Write a review

Read Our Posting Guidelines
user avatar
Overall Rating:
Rate it
undefined reviews

Some of the reviews on the NerdWallet site were purchased through a third party provider. Users who post a review directly on the NerdWallet site will not be compensated in any way. Please see our Terms of Use and Posting Guidelines for more information.