Wells Fargo vs. OpenSky – Secured credit cards compared | finder.com

Wells Fargo Secured Credit Card vs. OpenSky® Secured Visa® Credit Card

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Are you looking for a secured card with a high credit limit or no credit check?

Our pick: OpenSky® Secured Visa® Credit Card

A secured Visa® credit card that helps you build your credit quickly.

  • $35 annual fee
  • 19.14% variable APR
  • $200 minimum deposit
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The Wells Fargo Secured Credit Card and the OpenSky® Secured Visa® Credit Card are both middle-of-the-road cards suitable for someone trying to establish or rebuild their credit.

Wells Fargo Secured Credit Card comes with a higher credit limit and a cheaper annual fee, but the OpenSky® Secured Visa® Credit Card boasts availability for people who have no credit history whatsoever.

Wells Fargo Secured Credit Card

Wells Fargo Secured Credit Card

OpenSky® Secured Visa® Credit Card

OpenSky® Secured Visa® Credit Card

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★★★★★

3.8 / 5.0
Best for
Best for
  • Low annual fee for credit-building card
  • No credit check or credit history required
Welcome offer
Welcome offer None None
Purchase APR (annual percentage rate)
Purchase APR (annual percentage rate)

20.99% variable

19.14% variable

Annual fee
Annual fee $25 $35
Balance transfers
Balance transfers

APR: 20.99% variable

Fee: $5 or 5% of the transaction, whichever is greater

N/A
Cash advance
Cash advance

APR: 25.99% variable

Fee: $10 or 5% of the transaction, whichever is greater

APR: 19.14% variable

Fee: $6 or 5% of the transaction, whichever is greater

Late payment fee
Late payment fee $37 $27
Additional cardholder fee
Additional cardholder fee $0 $0
Interest-free period
Interest-free period 25 days 25 days
Minimum interest
Minimum interest $1 $1
Minimum credit score
Minimum credit score 300 300
Card type
Card type Credit Credit
Rates and Fees
Rates and Fees Rates & Fees Rates & Fees
Learn more
Learn more

Read review

Which card should you choose?

Wells Fargo Secured Credit Card

Wells Fargo Secured Credit Card

  • Establish credit
  • No US residency required
  • $10,000 credit limit

The Wells Fargo Secured Credit Card's annual fee is $25 — cheaper than many other secured credit cards on the market. For approval, you'll need to front a $300 minimum security deposit. And if you're looking for a card to build credit, you'll be happy to know that the bank reports your Wells Fargo Secured Credit Card activity to the three major credit bureaus.

OpenSky® Secured Visa® Credit Card

OpenSky® Secured Visa® Credit Card

  • Rebuild credit
  • Easy application
  • No credit history required

The OpenSky® Secured Visa® Credit Card is a contender if you've never had any form of credit in the past. Compared with the Wells Fargo Secured Credit Card, this card offers a lower 19.14% variable APR and requires a lower minimum security deposit of $200. And you can easily fund your deposit with a debit card, wire transfer or money order.

What’s next?

Does either the Wells Fargo Secured Credit Card or the OpenSky® Secured Visa® Credit Card sound like a match for your wallet? If so, easily apply online.

If you’re not too crazy about either card, compare the features of other secured cards until you find the one that’s right for your needs.

Compare secured credit cards

Name Product Filter values APR (Annual Percentage Rate) for Purchases Annual Fee Interest Free Period
9.99% fixed
$48
This secured card can help you rebuild your credit with an initial deposit of $200 to $1,000.
19.14% variable
$35
Up to 25 days
A secured Visa® credit card that helps you build your credit quickly.
10.49% variable
$49
Up to 25 days
Build or rebuild your credit with this secured card.
14.49% variable
$39
Up to 25 days
No minimum credit score and no credit history required.
9.99% fixed
$49
Up to 25 days
Low fixed interest rates with no penalty rate.
20.49% variable
$29
Up to 25 days
Build your credit with all three major credit bureaus.
26.49% variable
$0
Up to 25 days
No credit history or minimum credit score required for approval.
13.99% fixed
$39
Up to 25 days
Designed for those with little or poor credit, the Green Dot primor® Mastercard® Classic Secured Credit Card has no minimum credit score requirements and no processing or application fees to worry about.
9.99% fixed
$49
Up to 25 days
Fast, easy application process with no processing or application fees.
13.99% fixed
$39
Up to 25 days
Open a personal savings deposit account to secure a credit line from $200 to $5,000.
17.99% fixed
$39
Up to 25 days
Borrow up to $10,000 and get your credit score back on track.

Compare up to 4 providers

Our comprehensive guide to secured credit cards

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