Opensky Application Status (2024)

FAQs

How long does it take OpenSky to review an application? ›

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.

Does everyone get approved for an OpenSky® Secured Visa® Credit Card? The card has an 88% average approval rate. While not everyone will be approved, there's also no credit check, so your credit score won't go down by applying.

You can get denied for an OpenSky credit card if you are not at least 18 years old, you don't have enough income for monthly bill payments, or you're not a U.S. resident. The OpenSky credit cards do not require a credit check, though, which means negative credit history won't prevent you from being approved.

Your payment is posted the same day the payment is made provided it is received before the daily cut off time. It may take up to five business days following the receipt of your payment to restore your Available Credit for future purchases.

You'll have to receive and activate your card before you can start making any purchases. It should take 12-14 business days to get the OpenSky® Plus Secured Visa® Credit Card after your approval.

The OpenSky® Secured Visa® Credit Card doesn't require a credit check for applicants, making it a good option for people looking to open a credit card without a hard inquiry. The issuer reports to all three major credit bureaus, so responsible card use can have a positive impact on your credit history.

Reasons why you might get denied for a secured credit card

Currently being unemployed or having insufficient income history from a new job that has only started in the last few weeks. A series of missed payments or defaults on previous credit cards and a bankruptcy filed in the past few months.

You can, however, get a virtual card number for your OpenSky card through Click to Pay instead. To enroll in Click to Pay with an OpenSky card, go to the Click to Pay website and click the “Enroll now” button.

With the OpenSky® Secured Visa® Credit Card, you can be eligible for a credit line increase after six months with no additional deposit required.

Expedited Card Fee $50 If you request us to expedite shipping of your Card, there is a one-time, non-refundable fee. Expedited Pay-by-Phone Fee $10 Each time you arrange for an expedited payment by calling us and obtaining the assistance of a live representative or agent of ours, you will be charged a fee.

Does OpenSky refund your deposit? ›

As with other secured cards, the security deposit you put down for the OpenSky® Plus Secured Visa® Credit Card is refundable if the account is in good standing when you close the card or upgrade it. Cardholders will receive their deposit within eight weeks after the credit card balance has been paid in full.

John Miller, Credit Cards Moderator

Yes, you can rent a car with your OpenSky® Plus Secured Visa® Credit Card.

As with other secured cards, the security deposit you put down for the OpenSky® Plus Secured Visa® Credit Card is refundable if the account is in good standing when you close the card or upgrade it. Cardholders will receive their deposit within eight weeks after the credit card balance has been paid in full.

OpenSky Secured Visa Card pros and cons

It offers a credit limit of up to $3,000 with a matching deposit to make it easier for cardholders to keep their credit utilization ratio low. There is no credit check required, so it's possible to get this card when you have no credit history.

The OpenSky® Secured Visa® Credit Card can be used anywhere Visa is accepted. However, you'll need to be sure your credit limit is high enough to cover the expected charges on the rental. Car rental companies commonly add a security deposit at the time you rent the vehicle.

Plus, you won't add a hard credit inquiry to your credit report, which would temporarily ding your credit score, when you apply. As a secured credit card, the OpenSky Secured Visa requires a refundable cash deposit of between $200 and $3,000 to establish a line of credit that will be equal to your deposit amount.