Since the OpenSky® Secured Visa® Credit Card reports all monthly payments to the three main credit bureaus in the U.S., you’ll be able to notice a significant improvement on your score between 1 and 3 months of responsible use. According to OpenSky, more than half of cardmembers that pay their bills on time every month see a 30+ point increase on their scores.

By acquiring an OpenSky® Secured Visa® Credit Card, you’ll have to pay a $35 annual fee. However, that is not the only fee the card has. There’s also a cash advance fee of 5%, a 3% foreign transaction fee and a max late fee up to $38. These are all reasonable fees for the segment.

Once you submit your application, get the card and fund your security deposit, it generally takes about 2 weeks for the OpenSky® Secured Visa® Credit Card to arrive at your address. Unfortunately, there’s no expedited shipping with this credit card.