Capital Bank OpenSky Secured Credit Card

flavia rozinholli
February 11, 2025

The Capital Bank OpenSky Secured Credit Card is the perfect choice for anyone looking for a practical and hassle-free payment method. With it, you’ll be able to make purchases easily, whether in the U.S. or abroad, as it is globally accepted by the Visa network.

What’s great is that you have total control over your credit limit, as it is based on the amount of your security deposit. This provides that extra flexibility that many other cards don’t offer, as well as being a great way to improve your financial history.

Curious to know how this card can simplify your life? Stay with us as we reveal all the details and benefits that make the Capital Bank OpenSky Secured stand out among market options.

Meet the issuer

Capital Bank is a solid and trustworthy financial institution, specializing in providing credit products that meet the needs of its customers. With a strong reputation in the market, the bank is dedicated to offering accessible and effective financial solutions.

The Capital Bank OpenSky Secured Credit Card is one of the bank’s main products, designed to help customers build or improve their credit history in a simple and secure way. With a straightforward approval process, the card is ideal for those seeking financial stability.

Additionally, Capital Bank offers dedicated support to its customers, ensuring that all questions are answered and that the credit-building process is as smooth as possible. This dedication to customer service is one of the key pillars that sustain the trust placed in the institution.

Main Benefits of the Card

Approval without credit check: The Capital Bank OpenSky Secured Credit Card makes approval easy, without requiring a thorough credit check. This makes the card a great option for those starting to build a credit history or for those needing a second chance.

Credit limit control: The card’s limit is determined by the amount of the security deposit made at the time of approval. This provides more control and flexibility for the cardholder, allowing them to adjust the limit according to their financial needs and payment capacity.

Reports to major credit bureaus: The card sends monthly reports to major credit bureaus, helping you build or improve your credit history. This is essential for those looking to increase their score and gain more access to financial products in the future.

Competitive interest rate: The Capital Bank OpenSky Secured offers a competitive interest rate, especially considering it is a secured card. This can be an advantage, as it means lower additional costs if you need to carry a balance from month to month.

No foreign transaction fees: A big advantage of this card is that it does not charge extra fees for purchases made outside the U.S. This is great for frequent travelers or those who shop internationally, ensuring more savings.

Easy credit limit increase: You can request a limit increase after using the card responsibly for a certain period. This can help your financial growth by providing more flexibility in purchases without the need for an additional security deposit.

EMV chip security: The Capital Bank OpenSky Secured Credit Card comes with EMV chip technology, ensuring greater security in transactions and helping protect your data against fraud and cloning—an essential feature today.

Capital Bank OpenSky Secured Credit Card: Fees and Commissions

The Capital Bank OpenSky Secured Credit Card has an annual fee of $35, which is charged to cover the administrative costs associated with maintaining the card. It’s important to be aware of this fee when considering applying for the card.

Additionally, the card may be subject to other fees, such as late payment fees or returned payment fees. It is recommended to review the card’s specific terms and conditions for detailed information on all applicable fees.

Note: Fees and commissions are subject to change without notice. It is advisable to regularly check the terms and conditions for the most up-to-date information.

Card limit

The credit limit of the Capital Bank OpenSky Secured Credit Card is determined by the amount of your security deposit, which can range from $200 to $3,000, depending on your financial capacity and the bank’s policies. This deposit is refundable as long as the account balance is paid in full.

After six months of timely payments, you may be eligible for a credit limit increase without the need for an additional deposit. This flexibility allows you to increase your purchasing power as you build your credit history.

Positive points

Approval without credit check:
Makes it easier to get approved for those with limited or no credit history.
Flexible credit limit:
Allows you to control your limit based on your financial needs.
Potential for limit increase:
After six months of on-time payments, you may qualify for a limit increase.

Negative points

Annual fee:
The $35 annual fee can be considered an additional cost.
Security deposit requirement:
Requires an initial deposit, which may be an obstacle for some.
Limited initial credit limit:
The initial credit limit is based on the amount of your security deposit.

How to Apply for Your Capital Bank OpenSky Secured Credit Card

Visit the official website of the Capital Bank OpenSky Secured.
Click on the “Get Started” option to begin the application process.
Fill out the application form with your personal and financial information.
Choose the amount of your security deposit, which will determine your initial credit limit.
Review and accept the card’s terms and conditions.
Submit your application for review.
Once approved, make the payment for your security deposit.
Wait for the card to be sent to the provided address.