Apply OpenSky Plus Secured Visa

Discover ways to improve or rebuild your credit history by utilizing the resources provided by this card

Por: Davi em August 21, 2024

Introduction

Exploring options for rebuilding or improving your credit history is essential for maintaining financial stability.

The OpenSky Plus Secured Visa Credit Card offers a valuable opportunity for those needing to repair their credit standing.

Whether recovering from financial issues like bankruptcy or overdue bills, or starting to build a credit profile, this card provides a practical solution.

Notably, the OpenSky Plus Secured Visa does not require a credit check or a bank account for approval, making it a standout choice among secured credit cards.

Advantages of the OpenSky Plus Secured Visa Card

No-Cost Fraud Protection

One major advantage of the OpenSky Plus Secured Visa Credit Card is its inclusive fraud protection at no extra charge.

Cardholders are not liable for unauthorized transactions, ensuring peace of mind in case of fraudulent activities.

Identity Theft Protection with ID Navigator

Enrolling in the complimentary Norton LifeLock service provides added protection against identity theft.

This service offers credit monitoring and support if your identity is compromised, addressing any suspicious activity promptly.

Emergency Roadside Assistance

Another benefit is the emergency roadside assistance available through Visa.

If you face vehicle issues, Visa can provide help, though the cardholder covers the cost of the service.

Having access to reliable assistance during emergencies can be highly valuable.

24-Hour Customer Support

Cardholders of the OpenSky Plus Secured Visa have access to Visa representatives around the clock for any account-related questions.

This 24-hour support ensures assistance is always available, no matter the time of day.

Setting Your Own Credit Limit

Flexible Credit Limits

A key feature of the OpenSky Plus Secured Visa is the ability to set your own credit limit.

The card requires a cash deposit, which determines your credit line.

With limits ranging from $200 to $3,000 based on your deposit, you can adjust your credit limit as needed through the OpenSky website.

Rates and Fees

Interest Rate

The OpenSky Plus Secured Visa Credit Card has a variable APR of 22.64%.

This rate is competitive compared to other secured credit cards.

Annual Fee

The card charges an annual fee of $35, which is relatively low for secured cards offering similar features.

Foreign Transaction Fee

A foreign transaction fee of 3% applies to international purchases.

This fee is standard among credit cards and should be considered for overseas use.

Payment Options

Convenient Payment Methods

OpenSky Plus offers several convenient payment methods.

Cardholders can use the OpenSky mobile app, available for both Android and iOS, for easy bill payments.

Payments can also be made via the OpenSky website or by calling customer service.

Accelerating Credit Establishment

Strategies to Improve Your Credit Score

To expedite the process of building or enhancing your credit score, consider the following tips:

✅ Make Timely Payments: Paying bills on time is crucial for a positive credit history.
✅ Regular Payments: Frequent payments show consistent credit usage.
✅ Request Higher Credit Limits: Higher limits can improve your credit utilization ratio.
✅ Dispute Errors on Credit Reports: Check and correct inaccuracies on your credit report.
✅ Become an Authorized User: Being added to another person’s credit account can boost your credit history.
✅ Use a Secured Credit Card Responsibly: Continue using your secured card wisely.
✅ Keep Old Credit Cards Open: Avoid closing old cards to maintain a good credit score.
✅ Diversify Credit Types: A mix of credit types can enhance your credit profile.