Reply
Valued Member
TVP125
Posts: 46
Registered: ‎06-17-2011
0

US Bank Secured card or Capital Bank Open Sky

I need to open a secured card and was looking at the US bank secured card but I do not think they have any locations in Florida which means they will not issue a card to me. Does anyone know if this is the case and also the second option was Capital Bank Open Sky secured card which I do not see a lot of information on this card any reviews or experience. Thanks in advance 

Current Cards:
American Express Gold: NPSL
American Express TrueEarnings: $1200 CL
Apple Barclaycard : $1200 CL
Discover IT Secured: $200 CL
Capital One Platinum Secured: $200 CL

New Contributor
nelsondavidd
Posts: 91
Registered: ‎10-11-2010
0

Re: US Bank Secured card or Capital Bank Open Sky

Neither Us bank nor Capital Bank have branches in Florida, but they will issue you a card if approved. But I will recommend you to apply for US Bank, since Capital Bank is terrible, they are not the same like when it was Public Savings, I closed mine in January, and the experience with Public Savings was pretty good, but since Capital bank bought it is horrible.

Senior Contributor
Wolf3
Posts: 3,197
Registered: ‎01-24-2010
0

Re: US Bank Secured card or Capital Bank Open Sky


TVP125 wrote:

I need to open a secured card and was looking at the US bank secured card but I do not think they have any locations in Florida which means they will not issue a card to me. Does anyone know if this is the case and also the second option was Capital Bank Open Sky secured card which I do not see a lot of information on this card any reviews or experience. Thanks in advance 



IMO, That is an odd combination.   

 

US Bank will not likely approve  if you have terrible credit.   In the past, you had to live where they had branches to get a US Bank card (not conbranded).   They have some cobranded secured cards without geographical restrictions.   If your credit is just medium bad, then I would say go for it.

 

Open Sky is gotten to be very sub prime, so only recommended for terrible credit.  I think there are better choices, depending on how bad your credit is.  

 

 

 

 

Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

Re: US Bank Secured card or Capital Bank Open Sky


TVP125 wrote:

I need to open a secured card and was looking at the US bank secured card but I do not think they have any locations in Florida which means they will not issue a card to me. Does anyone know if this is the case and also the second option was Capital Bank Open Sky secured card which I do not see a lot of information on this card any reviews or experience. Thanks in advance 


Why not try Capital One secured?




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Contributor
Jimmy9224
Posts: 162
Registered: ‎04-15-2011
0

Re: US Bank Secured card or Capital Bank Open Sky

I would apply for the bank of america secured card, they'll give an unsecured card after 1year of good payment usage and return your deposit which is nice!
Or cap1 which not a lot of people would agree on with me but they do report to the 3 bureaus as it being an unsecured card which is nice! Though they require you close your account to receive your deposit which hurts your AAoA so that's a no-no.
Or first premier bank, low apr :smileyhappy:
My wallet : Amex Zync NPSL , Discover More $3500, BankAmericard Cash Rewards $1000, Walmart Discover $1400, Chase Freedom $1000, Capital one Platinum $1000, Macy's Store card $100, Amazon Store card $1400, Southwest rapid rewards $5000, Marriot Visa $5000. Barclay Apple $1200
Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

Re: US Bank Secured card or Capital Bank Open Sky


Jimmy9224 wrote:
I would apply for the bank of america secured card, they'll give an unsecured card after 1year of good payment usage and return your deposit which is nice!
Or cap1 which not a lot of people would agree on with me but they do report to the 3 bureaus as it being an unsecured card which is nice! Though they require you close your account to receive your deposit which hurts your AAoA so that's a no-no.
Or first premier bank, low apr :smileyhappy:


:smileyvery-happy::smileyvery-happy::smileyvery-happy::smileyvery-happy::smileyvery-happy::smileyvery-happy::smileyvery-happy:




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
annielorie
Posts: 1,206
Registered: ‎02-19-2012
0

Re: US Bank Secured card or Capital Bank Open Sky

Did someone say 1st premier:  I have this card cause I was afraid I couldnt get any without large deposit anyway 49.9% apr not a typo I paid 75$ fee and 95 $ secured deposit the only good thing is they report to all the bureaus will definately lose this card at 11 month mark with more tradelines and cc hopefully autoloan agirl gotta do what a girls gotta do


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

Lowes7,000 Discover More 2800. Jcpenny 6,000
Chase freedom 800 Never take NO for an answer!!
Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

Re: US Bank Secured card or Capital Bank Open Sky

my FP is done at the end of the month, no monthly fees here!



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
New Visitor
FICO850
Posts: 3
Registered: ‎04-10-2012
0

Re: US Bank Secured card or Capital Bank Open Sky

I think when re-building (or building) credit, a secured credit card is an excellent tool and it doesn't really matter which company as long as it reports to ALL 3 bureaus. Another feature is whether the credit card company does a hard or soft inquiry. When rebuilding it's better to limit (hard) inquiries. Public Savings Bank (so I assume Capital) doesn't do hard pulls, neither does Applied Bank or First Progress (Synovus Bank). All three are available nationwide (Synovus doesn't issue to ~3 states, AR, NY and another state, I think). 

 

Because Applied Bank only reports to TransUnion and Experian (not Equifax), I think the other two are better (each reports to all 3 bureaus). Those are the 3 banks I'm familiar with. What's most important is to keep your balance low (but not zero) so not only does that improve score but then interest rates and fees aren't so much a factor.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}