Earn Cash Back at OpenSky
As a credit card, the OpenSky Secured Visa Card is ideal for people who are just beginning or have no history. Used responsibly, the card can help rebuild credit as it reports your payment activity to credit bureaus. Plus, with only a $200 minimum deposit and maximum credit line of $3,000 (far higher than most secured cards!), using it could also help your utilization ratio remain low.
OpenSky credit cards also enable cardholders to gain some cash back when shopping, although the exact amount varies. You’ll find more details and an application link on its website; there is also an iPhone and Android app from OpenSky available, though reviews of both have been mixed from users.
At Better Business Bureau (BBB), many OpenSky reviews highlight poor experiences. Customers have reported being subjected to bait and switch tactics or not receiving refunds on products shipped but did not meet expectations, while some also complained of nonexistent customer service.
OpenSky card has an approval rate of approximately 85%, making it one of the highest approval rates among cards designed to accommodate people with poor or no credit histories. It does this by requiring a security deposit that’s refundable instead of conducting an intensive credit inquiry when applying; however, fees apply with this card.