The OpenSky secured Visa card features a line of credit without the requirement of a credit check, is usable wherever Visa is accepted, reports to all three major credit bureaus and has no application fees, as of 2015, according to OpenSky. OpenSky is offered by Capital Bank NA.
The online application process involves four quick steps, according to OpenSky. Cardholders control the pace in which their credit is established with credit limits of $200 to $3000. The credit limit is determined by the amount of a security deposit paid to the account. The initial deposit can be funded through a bank account, wire transfer, Western Union or by mail. There are no interest charges for the first billing cycling or when any purchase balance is paid in full by the monthly due date.