The OpenSky® Secured Visa® Credit Card is designed for individuals who are new to credit or who are rebuilding their credit history. It’s a secured card, meaning it requires a refundable security deposit that typically matches your credit limit. But is it the right choice for you? Let’s dive in.

Who Should Consider the OpenSky Secured Visa Card?

• No or Limited Credit History: If you’re just starting out and have no credit history, or if past credit issues have left you with limited options, the OpenSky card can be a great way to establish a positive credit history.
• Rebuilding Credit: If you’re actively working to improve your credit score, using this card responsibly (making on-time payments, keeping your balance low) will help you demonstrate responsible credit behavior.
• Alternative to Cash: Secured cards like OpenSky can provide you with a credit card to use for purchases, while still requiring the discipline of having the money set aside as a deposit.

Tips for Using the OpenSky Secured Visa Credit Card

1. Make Timely Payments: Pay your bill on time every month. This is the single most important factor in building credit.
2. Keep Utilization Low: Aim to use no more than 30% of your credit limit. A lower utilization ratio is better for your credit score.
3. Set Up Autopay: Consider automatic payments to ensure you never miss a due date.
4. Monitor Your Credit Report: Regularly check your credit report to track your progress and ensure accuracy.
5. Increase Your Credit Limit: As you demonstrate responsible use, you may be able to request a credit limit increase, which could further help your credit score.

Current Welcome Offers

OpenSky doesn’t typically offer sign-up bonuses or welcome offers. The card’s main benefit is its accessibility for building credit.

How to Maximize the OpenSky Secured Visa Credit Card

While the OpenSky card lacks rewards, you can still maximize its value:

• Build Credit: Use the card responsibly to establish a positive credit history, opening doors to better financial products in the future.
• Graduate to Unsecured: After a period of responsible use, you may be able to transition to an unsecured credit card with more benefits.
• Financial Discipline: The card can help you develop good financial habits, like budgeting and managing credit responsibly.