Warning about the open sky secured visa card

i signed up ti my fice to inform people about 3 things open sky DOESNT disclose PRIOR TO  you  agreeing to their terms  1st you will send them a securit deposit they will hold that AND will not issue the card for up to 6 weeks 2cond they will charge you the annual fee three weeks before you actually RECIEVE the card AND they will expect you to pay this fee even though you have NO card and NO ACCESS to the funds  3rd and final issue you can easily pay your bill online AND I DID they will note that you paid they will take the money from your chacking account via ach ok BUT THEY WILL HOLD YOUR PAYMENT EVEN THOUG IT WAS POSTED IN YOUR OWN BAK AND CLEARLY THEY GOT PAID THEY WILLL HOLD IT FOR 10 DAYS  i opened this card and cosed it because they never disclosed these things beore i signed up never giving me the customer the choice as to whether or not i would be ok with these itms they need to disclose these things i suspect they wont change so if you decide you want to get this card be prepared for these things the card irself was fine the online portal ok i just didnt feel comfotable staying with them  fyi the apr is 17.something and annual fee 29 $ reasonable 

Opensky is the BEST secured card to start off with. I did and now I have a new car loan and prime cards 18 months later. Everything you stated is known before you even get the card. Do research before you apply for cards and people would not have this issue. I received my card about 8 days after I made my intial deposit.  Also yes they place a hold on the funds but only for a few months. Its to make sure everything clears. They give people a shot without a credit check, so they need to be safe also. I see no problem with this. After about 4 months, my payments and cash was available the same day that I paid. The fee is added right away, yes. But I had more than ample time to pay it. You can set up your account before you get the card, and pay it then. The 6 weeks thing was probably an issue with your account because I have never seen anyone wait 6 weeks for this card. In the end, I still have this card and they even gave me a CLI without making a deposit into my account. I cant stress enough how good of a good this is for rebuilding. They always report and customer service is always nice. 

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