OpenSky Secured Visa Featured on Designing Spaces

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The OpenSky Secured Visa is one of the most popular secured credit cards for those looking to improve their credit score. The card recently made an appearance on Designing Spaces, Lifetime’s award-winning home improvement show.

Linnea Kronmiller, OpenSky’s senior vice president, discussed the difficulties many Americans face when trying to rebuild their credit – or establish a credit history for the first time. Speaking with Designing Spaces host, Olga Villaverde, Kronmiller explained the secured credit card process – including the remarkable results consumers can experience in as little as one month.

Secured Cards Offer a DIY Approach to Credit Repair

Repairing credit and home improvement may seem like two completely different topics, but they share significant similarities. Like restoring an outdated home to reclaim its inner beauty, secured cards help those with a damaged credit give their personal finances a makeover and a new lease on their future.

Secured cards work by placing a security deposit, which is equal to the initial credit limit. If you deposit $200, for example, your credit limit will be $200. Once an account is open, you simply use your secured card anywhere that payment network is accepted worldwide. In the case of the OpenSky, that means the Visa Network – the largest payment network in the world.

What Makes the OpenSky Secured Visa Such a Great Option for Repairing Credit?

While many American consumers haven’t heard of secured credit cards, they play a crucial role in helping to boost bad credit. Among those cards, the OpenSky continues to receive acclaim by reducing the roadblocks people face when attempting to repair their credit.

What makes the OpenSky such a popular option? Here are a few of its most notable features:

  • No Credit Check: Capital Bank, which issues the OpenSky Visa, does not do a hard pull on your credit report when you apply. This means being approved for the OpenSky Visa won’t dent your credit score.
  • Quick, Simple Application: Applying for the OpenSky card takes a few minutes. The process is straightforward and easy, meaning you can apply for the card and get a decision almost instantly.
  • Regular Credit Reporting: Like other secured cards, OpenSky reports to the major credit bureaus every month. Make your payments on time and keep your credit use low, and your score can jump by 30 points or more in a matter of months.
  • Free Credit Repair Resources: OpenSky provides cardholders with an extensive collection of credit repair and credit knowledge information. It also offers a selection of inspirational stories to help boost morale – and confidence – for those with imperfect credit.

OpenSky® Secured Visa®

OpenSky® Secured Visa® uses a variation of FICO Score 8, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Credit Needed: Poor / No Credit Required
Visa Processing Network
$35 Annual Fee

OpenSky® Secured Visa®

  • 21.89% (variable) Regular Purchase APR
  • 21.89% (variable) Cash Advance APR

At a Glance

The OpenSky® Secured Visa® is a secured credit card that offers requires a low minimum deposit and features no credit checks for approval. The card, issued by Capital Bank, provides an easy route to better credit by offering credit limits as low as $200, a moderate fixed-rate APR, and a reasonable $35 annual fee.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • No credit check to apply and find out instantly if you are approved
  • OpenSky gives everyone an opportunity to improve their credit with an 85% average approval rate for the past 5 years
  • Get considered for a credit line increase after 6 months, with no additional deposit required
  • You could be eligible for the OpenSky Gold Unsecured Card after as few as 6 months
  • Reports to all 3 major credit bureaus monthly, unlike a prepaid or debit card
  • View your FICO® Score through your OpenSky account, an easy way to stay on top of your credit
  • Nearly half of OpenSky cardholders who make on-time payments improve their FICO score 30+ points in the first 3 months
  • Your refundable* deposit, as low as $200, becomes your OpenSky Visa credit limit
  • Easy application, apply in less than 5 minutes right from your mobile device
  • Offer flexible payment due dates which allow you to choose any available due date that fits your payment schedule
  • *View the cardholder agreement
  • Regular Purchase APR: 21.89% (variable)
  • Cash Advance APR: 21.89% (variable)
  • Cash Advance Transaction Fee: Either $6 or 5% of the amount of each cash advance, whichever is greater.
  • Annual Fee: $35
  • Foreign Transaction Fee: 3% of each transaction in U.S. dollars
  • Late Payment Penalty Fee: Up to $38
  • Return Payment Penalty Fee: Up to $25
  • Minimum Deposit Required: $200
  • You're struggling to get accepted for other secured credit cards
  • You don’t have a credit history
  • You have bad credit and want to improve your credit score
  • You have a large deposit and want a quick pick-me-up for their credit score
  • You want access to a useful knowledge base of credit information and resources

About Designing Spaces

Designing Spaces is an award-winning home improvement show on the Lifetime Network. The show, which began in 2005, features innovative décor designs, DIY projects, and transformations that inspire families to tackle their home improvement challenges.

Related Article: 7 Reasons Why You Should Consider Getting the OpenSky Secured Visa

About: Cory
Cory Santos

Cory is's "Jack of all trades" and resident credit expert, covering all facets of the credit card space. Cory holds academic degrees in both the U.S. and U.K. In addition to credit cards, Cory finds that jogging, cats, and memes are essential parts of a balanced day.

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