OpenSky Credit Card Limit, Does Opensky Increase Your Credit Limit? 

OpenSky Secured Credit Card

The OpenSky® Secured Visa® Credit Card and OpenSky® Plus Secured Visa® Credit Card, issued by Capital Bank, are legitimate credit cards aimed at helping individuals build or rebuild their credit. OpenSky, the digital banking division of Capital Bank, offers these cards as a way to establish a credit history with a refundable deposit.

The OpenSky® Secured Visa® Credit Card is a valuable financial tool for individuals seeking to improve their creditworthiness, especially if they have a less-than-ideal credit history or no credit history at all. As a secured credit card, it requires a security deposit but offers the potential for a credit line increase after just six months of responsible card usage, without needing an additional deposit.

While it boasts an advantageous lack of credit checks during the application process, its relatively higher APR of 22.64% (variable) and limited competitive features may be considerations for those exploring their credit-building options.

OpenSky Credit Card Limit

The OpenSky Secured Visa Credit Card offers cardholders the flexibility to set their own credit limit, with a minimum limit of $200 and a maximum limit of $3,000. The credit limit is determined by the initial security deposit made when opening the account.

This feature allows individuals to choose a credit limit that aligns with their financial situation, making it a suitable option for those looking to rebuild their credit while managing their credit utilization effectively. Additionally, cardholders have the option to increase their credit limit by adding more funds to their OpenSky account over time.

Does Opensky Increase Your Credit Limit? 

Yes, OpenSky does offer the possibility of a credit limit increase. To request one, you can do so through your online account, and if approved, you'll need to add more funds to your security deposit. OpenSky provides an option for cardholders to request a credit limit increase, which can be advantageous for improving their credit profile. This process typically involves logging into your online account and submitting a request. If OpenSky approves your request, you may be required to increase the amount of your security deposit. This added security deposit acts as collateral for the card, and by increasing it, you can access a higher credit limit. This can be beneficial because it can improve your credit utilization ratio, which is an important factor in your overall credit score. 

OpenSky Credit Card Login  

OpenSky Credit Card Login provides seamless access to account management, making it easy for users to monitor their credit cards. Whether through their user-friendly website or mobile app, OpenSky ensures convenient payment scheduling and hassle-free account access.

• Open your preferred web browser and navigate to the official OpenSky Credit Card website. 
• On the homepage of the website, you should see a "Log In" section. It usually includes fields for entering your User Name and Password.
• In the "Enter User Name" field, type in the user name associated with your OpenSky Credit Card account. Make sure to enter it accurately.
• In the adjacent field, enter your password. If you're unsure about your password or have forgotten it, you may need to use the "Forgot Password" or "Password Reset" option provided on the login page. Follow the instructions to reset your password if necessary.
• Once you've entered your User Name and Password, click on the "Log In" button. This will submit your credentials for authentication.
• If the Username and Password you provided are correct, you will be logged in to your OpenSky Credit Card account. You can then access your account details, view your balance, make payments, and manage your credit card.

How to Activate an OpenSky Credit Card?

Visit the OpenSky Website

• Open your preferred web browser and go to the OpenSky Bank website.

Access the Activation Page

• Look for a menu or section on the website that mentions credit card activation. This is typically found in the "MyAccount" or "Credit Card Account" section.

Provide Your Card Information

Fill out the activation form with the following details:

• Credit Card Account Number: Enter your OpenSky Credit Card account number.
• First Name: Input your first name exactly as it appears on your card.
• Middle Initial: If your card displays a middle initial, enter it.
• Last Name: Enter your last name.
• Last 4 digits of social security number: Provide the last four digits of your social security number (SSN).
• Expiration Date: Enter the expiration date of your credit card in the MM (month) and YY (year) format.
• CVC/CVV Number: This is the 3-digit security code on the back of your card next to your signature.
• Date of Birth: Input your date of birth.
• State: Select your state from the dropdown menu.
• Zip: Enter your ZIP code.

Verify Information

• Double-check all the information you entered to ensure it matches the details on your OpenSky Credit Card and your personal information.

Submit the Form

• Once you've confirmed that all the information is correct, click the "Submit" or "Activate" button on the form.

Confirmation

• After submitting the form, you should receive a confirmation message or email indicating that your OpenSky Credit Card has been successfully activated.

Start Using Your Card

• Your OpenSky Credit Card is now activated and ready to use for making purchases or managing your account online.

OpenSky Credit Card Customer Service

OpenSky Credit Card Customer Service can be reached at 1-800-859-6412. Customers are advised to allow up to 12-14 business days from the date of their approval letter to receive their new credit card. In the event that the card does not arrive within this timeframe, individuals are encouraged to promptly contact OpenSky's dedicated customer service line at the provided number to address any concerns or inquiries they may have regarding their credit card delivery.

How to Apply for an OpenSky Credit Card?

Visit the Capital Bank's website: Go to the Capital Bank website to access the application for the OpenSky Secured Visa Credit Card.

Find the OpenSky Credit Card: Navigate through the credit card options on the website until you find the OpenSky Secured Visa Credit Card.

Click "Apply Now": Once you've found the OpenSky Secured Visa Credit Card, click on the "Apply Now" button or a similar option to start the application process.

Complete the application form: You'll be directed to an online application form. Fill out all the required information, including your personal details, contact information, and financial information.

Provide your Social Security number or ITIN: You will need to provide either your Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN) as part of the application process.

Verify eligibility: Ensure that you meet the card's eligibility requirements, such as being a U.S. citizen or permanent resident and having a monthly income greater than your monthly expenses.

Choose your security deposit: Decide on the amount of your initial security deposit. The minimum deposit for the OpenSky Secured Visa Credit Card is typically $200, but you can choose a higher amount if you wish.

Select your payment method: Choose how you will fund your security deposit. You can typically pay it with a money order, Western Union payment, or other accepted methods.

Review and submit your application: Carefully review all the information you've provided on the application form. Make sure it's accurate and complete. Once you're satisfied, submit your application.

Wait for approval: After submitting your application, Capital Bank will review your information. Approval is often based on factors other than your credit score, so you may have a good chance of being approved.

Receive your card: If your application is approved, you will receive your OpenSky Secured Visa Credit Card by mail.

What Are the Advantages and Disadvantages of an OpenSky Credit Card?

Advantages of OpenSky Credit Card

• The OpenSky Credit Card offers a variable Annual Percentage Rate (APR) that is generally lower than some of the best-secured credit cards. This can be advantageous if you plan to carry a balance on your card from month to month.
• With the potential to have a credit limit of up to $3,000 by matching with a deposit, the OpenSky Credit Card makes it easier for cardholders to maintain a low credit utilization ratio, which can positively impact their credit score.
• One significant advantage is that the OpenSky Credit Card does not require a credit check. This means individuals with no credit history or a less-than-ideal credit history may still qualify for the card, providing an opportunity to build or rebuild their credit.

Disadvantages of OpenSky Credit Card

• The OpenSky Credit Card comes with a $35 annual fee. While this fee is not exorbitant, there are alternative secured credit card options available in the market that do not charge an annual fee. This annual cost could be a drawback for budget-conscious consumers.
• Unlike some secured credit cards, the OpenSky Credit Card does not offer a welcome bonus or promotional incentive to new cardholders. Many other cards provide such offers, which can be appealing to customers looking for initial perks.

What are the fees associated with OpenSky® cards?

The OpenSky® Secured Visa® Credit Card has an annual fee of $35 and charges a 3% foreign transaction fee, along with a 5% cash advance fee (with a minimum fee of $6) for cash advances. On the other hand, the OpenSky® Plus Secured Visa® Credit Card offers a $0 annual fee but has a higher ongoing APR of 29.99% Variable APR. Both cards require a security deposit to determine the credit limit, with the OpenSky® Secured Visa® Credit Card starting at a minimum deposit of $200 and the Plus version at $300.