OpenSky® Secured Visa® Credit Card
Fast approval, 23.89% variable APR, credit limit set by your security deposit. 10% cashback rewards with just a ₦16,000 annual fee! No credit check required.
The OpenSky® Secured Visa® Credit Card is a solid fit for people looking to build or rebuild their credit score, even if you have limited income or are currently unemployed. This card charges a 23.89% variable APR, with a minimum annual fee of ₦16,000 (about $35). Your credit limit matches the refundable deposit you provide, giving you full control.
Remarkably, no credit check is needed to apply. Additionally, enjoy a generous 10% cash back on eligible purchases—a rare feature for secured cards at this level.
How to Apply: Step by Step
1. Prepare your ID and bank details for the required security deposit.
2. Fill out the quick online form with your personal and financial information.
3. Select the credit limit by paying your refundable deposit (minimum applies).
4. Submit the application and await a fast decision—no credit check required!
5. Receive the card and activate it when it arrives.
Main Benefits: Why Choose OpenSky Secured Visa
The easy approval process with no credit check is a prime advantage. Building credit is straightforward; timely payments are reported to all three major credit bureaus, helping improve your rating quickly.
Earning up to 10% cash back on purchases is a strong reward, making this card a standout among secured cards. Additionally, you set your own spending limit based on how much you deposit.
Potential Drawbacks
Like most secured cards, you must provide a upfront deposit as your credit limit, which can be difficult if you’re short on to cash. The ongoing APR is also relatively high compared to some alternatives.
The ₦16,000 annual fee, while modest, is not zero—so factor this yearly cost into your budget planning when considering the card.
Our Verdict
The OpenSky® Secured Visa® Credit Card is highly recommended for credit newcomers or anyone aiming to repair their score, as there’s no credit history required. The application is stress-free, and the card’s cashback rewards give it more value than most secured options. Perfect if you want a simple way to control your spending and boost your credit.