New Secured Credit Card Offer

Is the economy turning around? Is the credit crunch over?

Last December we saw at least 40 credit cards stop accepting applications. After a 4 month dry spell we are starting to see new credit cards out on the market. The first new credit card that I’ve seen since Dec 08 is the OpenSky® Secured Visa® Credit Card

This secured credit card has a few really great features that include:

Build Your Credit, with monthly updates to all 3 credit bureaus. No credit check necessary to apply. OpenSky believes in giving an opportunity to everyone.

  • The refundable* deposit you provide becomes your credit line limit on your Visa card. Choose it yourself, from as low as $200.
  • Build credit quickly. OpenSky reports to all 3 major credit bureaus.
  • 99% of our customers who started without a credit score earned a credit score record with the credit bureaus in as little as 6 months.
  • We have a Facebook community of people just like you; there is a forum for shared experiences and insights from others on our Facebook Fan page. (Search “OpenSky Card” in Facebook.)
  • OpenSky provides credit tips and a dedicated credit education page on our website to support you along the way.

· *View our Cardholder Agreement located at the bottom of the application page for details of the card.

Secured credit cards are a great way to build or rebuild credit and this one has it all! Low interest rate, low minimum deposit, reports to all 3 major credit bureaus and most importantly in my mind is that you can have a truly large credit limit with this card. Why is that such a key feature? Banks are looking for comparable credit. Most bad credit or first credit unsecured credit cards have very low limits and when you walk into a bank and ask them for a large loan, they will look at your comparable credit. With this card you can create your own comparable credit tradeline!

About the Author

Tara Tiemann is a credit analyst for which has been a resource site for people who want to live debt free. If you are on a budget using prepaid debit cards, pre paid credit cards and prepaid cell phone service can save you big money!

About Liz Roberts

Liz Roberts is the new credit specialist for Go-Prepaid. If you are on a budget, we can get you discounted cell phone service from Sprint, Verizon and T-Mobile! NO CREDIT CHECK ! Using a prepaid services can save you a TON of money! Follow our blog to find out how!

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