OpenSky® Plus Secured Visa®
vs
Bilt Mastercard® (Wells Fargo)
Skip the marketing fluff. Below is the side-by-side breakdown of fees, yield/rewards math, fine-print restrictions, and the exact household profile each product is built for.
No credit check required to apply with $0 annual fee and reporting to all 3 credit bureaus.
- No hard credit pull means zero risk to your existing credit score
- Guaranteed consideration even with past bankruptcies, foreclosures, or charge-offs
The only credit card in America that earns 1x transferable points on rent with $0 transaction fees (up to 100,000 points/year) plus 1:1 Hyatt & Alaska transfers.
- Paying $2,500/month in rent generates 30,000 Bilt Points/year—worth ~$600+ when transferred 1:1 to World of Hyatt—for a $0 annual fee
- The only $0-annual-fee card in the U.S. with direct 1:1 airline and hotel transfer partners (normally requires a $95+ card)
Annual Holding Cost & Overseas Trip Impact
Always subtract the annual fee from your projected annual rewards before evaluating headline multipliers.
A 3% foreign transaction fee wipes out 3% in rewards on every international hotel, restaurant, or flight billed in foreign currency.
In-Depth Breakdown: OpenSky® Plus Secured Visa® vs Bilt Mastercard® (Wells Fargo)
1. How OpenSky® Plus Secured Visa® Works
The OpenSky Plus Secured Visa is designed for consumers who have experienced severe financial hardship, bankruptcy, or who have no US credit history and cannot risk a credit check rejection. Because OpenSky does not pull your credit report to make an approval decision, applicants with any credit score (or none at all) can open an account, provide a refundable deposit, and start reporting positive payment history immediately.
2. How Bilt Mastercard® (Wells Fargo) Works
The Bilt World Elite Mastercard solves the single largest unrewarded expense in a renter’s budget: monthly rent. While credit card processors normally charge a 2.5% to 3.0% fee to pay rent by card, Bilt generates a dedicated routing and account number (or mails a physical check on your behalf) so you earn 1x Bilt Points on rent up to 100,000 points per calendar year with $0 transaction fees—provided you make at least 5 total card transactions per statement period. Even better, Bilt Points transfer 1:1 to World of Hyatt, Alaska Airlines, United MileagePlus, and Air Canada Aeroplan for a $0 annual fee.
Frequently Asked Questions
Should I choose OpenSky® Plus Secured Visa® or Bilt Mastercard® (Wells Fargo)?
Choose OpenSky® Plus Secured Visa® if you prioritize No hard credit pull means zero risk to your existing credit score. Choose Bilt Mastercard® (Wells Fargo) if you want Paying $2,500/month in rent generates 30,000 Bilt Points/year—worth ~$600+ when transferred 1:1 to World of Hyatt—for a $0 annual fee.
What is the biggest catch with OpenSky® Plus Secured Visa® vs Bilt Mastercard® (Wells Fargo)?
With OpenSky® Plus Secured Visa®, the main limitation to keep in mind is: Requires a minimum $300 deposit ($100 higher than most secured cards). With Bilt Mastercard® (Wells Fargo), the primary trade-off is: Requires at least 5 total transactions per statement period to earn points (otherwise you earn a flat 250 points on rent).