Best for rebuilding or building credit score at a low APR
This card is a reasonable place to start building or rebuilding your credit, although there are secured cards with lower fees and better perks.
At a glance
- No credit check to apply. Zero credit risk to apply!
- Looking to build or rebuild your credit? 2/3 of cardholders receive a 48+ point improvement after making 3 on-time payments
Our Take
Overview
This card has a relatively low APR for a secured card and a higher credit limit of up to $3,000 (matching your security deposit), and doesn’t require a credit check to get. But it also offers no rewards or bonuses, comes with a $35 annual fee and has no automatic path to an unsecured card.
Pros
- This secured card has lenient credit requirements that allow almost anyone to get approved, no matter their score. OpenSky Secured Visa claims that 99 percent of its users who had no credit built up a credit score within six months of using the card
Cons
- This card has a $35 annual fee, no rewards or welcome bonus and no path to an automatically upgraded unsecured card.
Who is this card good for?
This card is good for those with a poor credit history looking to get back on track.
Earning Rewards
None.