Is OpenSky a legit company?
How reliable is OpenSky
Yes. As you use the card, your payment history is reported each month to all three major credit bureaus: Equifax, Experian and TransUnion. This reporting helps build your credit over time, as long as you continue making on-time payments.
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Is OpenSky worth it
Our Verdict. The OpenSky® Secured Visa® Credit Card is a good option to help rebuild your credit. There's no credit check required to apply, so your credit score doesn't matter like it will with traditional credit cards. And, it has a low annual fee of $35.
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What bank owns open sky
Capital Bank, N.A.
Capital Bank, N.A., is a publicly traded bank headquartered in Rockville, MD. that has offered a range of financial services to businesses and consumers since 1999, in addition to owning and operating a nationwide mortgage business and card company, OpenSky®.
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Do you get your security deposit back from OpenSky
Your security deposit will be returned to you once your account is closed and the balance is paid in full. We may use your security deposit to expedite the pay down of your outstanding balance.
Can you get denied for open sky
The OpenSky Secured Visa credit card, however, doesn't check your credit when you apply. Even so, it is possible to be denied the OpenSky Visa card for other reasons. Reports to all three major credit bureaus: Your payment and utilization information will be reported monthly to Equifax, Experian, and Transunion.
Does Open Sky approve everyone
Can anyone get approved for an OpenSky credit card Anyone with a valid Social Security number is eligible to apply and be approved for an account since OpenSky doesn't pull your credit report.
Is OpenSky owned by Capital One
Both are issued by Capital Bank, but there are differences: The Plus version charges a $0 annual fee and requires a $300 minimum security deposit, whereas the non-Plus version has an annual fee of $35 but requires only a $200 upfront deposit.
What is the credit limit for open sky
$3,000
Set your own credit limit
With the OpenSky Secured Visa, you can set how much you can spend each month, with a maximum of $3,000 (a much higher cap than many other secured cards). Your credit limit is determined based on how much you deposit into the account.
How long does open sky take to approve
It usually takes 24-48 hours to get approved for the OpenSky credit card. So, the only thing that involves a bit more waiting is your credit card delivery, which should take about 2 weeks. Of course, application processing will take longer if they're not able to verify your identity right away.
Is Open Sky owned by Capital One
Both are issued by Capital Bank, but there are differences: The Plus version charges a $0 annual fee and requires a $300 minimum security deposit, whereas the non-Plus version has an annual fee of $35 but requires only a $200 upfront deposit. See our comparison table below for more.
Does OpenSky credit card help your credit
The OpenSky® Secured Visa® Credit Card doesn't require a credit check or a bank account, so it can be a great option for people with poor credit or who are unbanked. The card reports account activity to all three major credit bureaus, so responsible use can help you build credit.
Does Open Sky charge a monthly fee
There is an $35 annual fee, which means as long as your account is open with them-‐you are giving OpenSky $35 FREE every year. Also the $35 fee is due upon receipt of your new card- so don't be surprise that you have a bill.
Does OpenSky run your credit
OpenSky reports the card's credit limit, account balance, payment history, and more to all three of the major credit bureaus: TransUnion, Equifax, and Experian. Capital Bank may use a specific credit bureau more than another, depending on the applicant's home state, and other factors.
How fast can I build credit with OpenSky
It takes 1-3 months for OpenSky to improve your credit score, depending on how you manage the account. Nearly 50% of OpenSky cardholders who pay their bill on time in the first 3 months see credit score improvement of 30 points or more, according to the company.
What is the highest limit on Open Sky credit card
$3,000
Set your own credit limit
With the OpenSky Secured Visa, you can set how much you can spend each month, with a maximum of $3,000 (a much higher cap than many other secured cards).
Is OpenSky credit card good for building credit
The OpenSky® Secured Visa® Credit Card doesn't require a credit check or a bank account, so it can be a great option for people with poor credit or who are unbanked. The card reports account activity to all three major credit bureaus, so responsible use can help you build credit.
Is OpenSky Visa a major credit card
Yes, OpenSky is considered a major credit card. It is on the Visa network, so it benefits from extensive worldwide acceptance. However, if you're asking if OpenSky belongs to a major bank, then the answer would be no. The card is issued by Capital Bank, which is not one of the major credit card issuers.