✓ No impact on your credit score to check

After bankruptcy, when most banks close the door.

OpenSky approves without a credit check, considers applicants in active or discharged bankruptcy, and needs no bank account — $150 minimum deposit (OpenSky Launch).

✓ Reports to 3 bureaus ✓ Deposit from $150–$3,000 ✓ Annual fee $35/yr

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Why it works

Reports to all 3 bureaus

Equifax, Experian, TransUnion — the raw material of a score, reported from your first cycle.

Deposit from $150–$3,000

Refundable deposit becomes your credit line.

Annual fee $35/yr

The fee is shown up front — no statement surprises.

Manual Upgrade

Graduation path: manual upgrade.

The details

After bankruptcy, when most banks close the door.

A bankruptcy filing closes most credit doors for years. OpenSky exists for exactly that moment: no credit check to apply, and issuers' usual bankruptcy exclusions do not apply here — applicants with active or discharged bankruptcies are considered.

That makes OpenSky the most common second-chance card in rebuild-after-setback journeys — not the cheapest, but the one most likely to say yes.

How it works

You fund a refundable deposit between $100 and $3,000 — it becomes your credit line. No credit check is performed. Payments report to all three bureaus from the start. The $35 annual fee is the trade-off for the flexible approval; there is no interest as long as you pay your statement balance. Upgrade to unsecured is possible after a history of on-time payments.

Who it's for — and who should look elsewhere

Good fit if you:

Active or discharged bankruptcy
No bank account (fund by money order or debit)
Denied by major issuers repeatedly

Look elsewhere if you:

Want $0 annual fee (Chime, if a checking account fits you)
Want rewards (Quicksilver Secured)
Have fair credit and no bankruptcy history (better options exist)

Costs at a glance

Item	Cost	Notes
Annual fee	$35/yr	See issuer terms for full schedule
Security deposit	$150–$3,000	Refundable deposit becomes your credit line
Credit reporting	3 bureaus	Equifax · Experian · TransUnion

How it compares

Versus the Self Secured Visa: Self requires no cash upfront (it builds through a credit-builder loan), which suits tighter budgets; OpenSky is faster to a usable credit line and more established for bankruptcy cases. Versus Chime: Chime has no fee but requires a checking account with direct deposit.

Rates & fees last verified Oct 2026 — verify current terms at the issuer. Editorial content, not financial advice.

FAQ

Frequently asked questions

Does checking or applying hurt my credit score?

No — OpenSky performs no credit check at application. Approval is based on your deposit and identity verification.

What credit score do I need?

None. There is no score requirement, and bankruptcy does not disqualify you — the deposit is the collateral.

How long does it take to build credit with this card?

Reporting starts with your first cycle. With bankruptcy on file, expect a longer arc — 6–12 months of on-time reporting before meaningful movement.

What happens to my deposit?

It is refundable — returned if you close in good standing or upgrade to unsecured.

Can I be denied?

Rarely, but yes — identity verification failure, deposit funding failure, or application volume can lead to denial.

See How to Request Your Card →

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