This is a brief USAA and Opensky credit cards comparison that outlines the different features and points to be considered when applying for these cards.
USAA Credit Card
While credit cards have made life easy for a lot of people, it is also a point where people can have issues in, considering their credit scores and other factors. It is therefore important to ensure that you go in with all the details when applying for a USAA credit card. As with most cases, the benefits USAA credit cards offer, are upfront, such as giving 1.5% cash back rewards, unlimited cash back, zero liability, and a host of other benefits for military personnel. Now, it is understandable that an ordinary person may not have all the banking knowledge required to choose a card, which is why USAA credit card’s website offers a step-by-step process which guides you in selecting the card that is perfect for you depending on your spending and borrowing needs.
There are other benefits these cards offer, such as no foreign transaction fees, protection for rental cars, and extensions to manufacturer brand warranties. What’s more, they even have a mobile app which allows you to keep track of your USAA credit scores, account services, alerts, and allows you to redeem rewards on your credit card.
Next, an important point to consider is how USAA credit cards work with bad credit as well as no credit. As with most banks and financial institutions, it is easier to get a USAA credit card if you have no credit, as compared to having bad credit. This would be the same logic regardless of the bank or institution that offers you the card. For example, consider the capital bank credit card. The rules this particular card has compared to the USAA credit card is quite similar, which means the best way to ensure that you remain eligible is to monitor and keep your credit score healthy. Remember, banks aren’t bound to give you credit cards, so if you think you’re a bad credit risk, then they might decline you. Managing your debt and credit is therefore pretty crucial.
OpenSky Credit Card
Bad credit can be very problematic, since having a bad credit score can greatly limit capabilities, both in using your existing cards as well as getting a new one.
This is why OpenSky’s credit card is so revolutionary. They guarantee that you need no credit check for approval, which means that regardless of how bad your credit score is, you can start rebuilding credit right away. Essentially, it means that there is no effect on your credit score when getting this card. The main goal the OpenSky credit card aims to achieve is to put you on the right track to getting a better credit score. They do this by giving you a clean page, then building up your knowledge on the best ways to manage and improve your credit score. In addition to this major benefit, it also has a couple of other credit card benefits, such as the ability to set your own credit limit. That way, you get more control over the inner workings of how everything is managed. In addition to getting a better insight about your financial activities, this helps you keep your credit transparent, which is something most cards from other banks and financial institutions don’t provide. That’s kind of the whole point OpenSky credit cards are based around: keeping you in control, and ensuring that you make everything happen.
One thing you should keep in mind when receiving an OpenSky card is that you need to place a security deposit, which is refundable, when signing up for the service. This is the alternative they give you to having a credit check. Of course, as with all things OpenSky offers, the amount you deposit is completely up to you. Depending on this deposit value, you get to control what your credit limit is. Getting yourself a secured Visa credit card from the OpenSky is a five-step process, where you just have to provide your personal information, along with your financial and security information, agree to the terms, and place your security deposit. That’s it!
Applying for a credit card with bad credit isn’t very easy, which is why OpenSky simplifies the process for you. So, if you don’t have a very good credit score, then OpenSky cards are definitely the best way to go!