Navy Federal Credit Union® nRewards® Secured Credit Card

Navy Federal Credit Union® nRewards® Secured Credit Card

Navy Federal Credit Union® nRewards® Secured Credit Card

Navy Federal Credit Union® nRewards® Secured Credit Card

Navy Federal Credit Union® nRewards® Secured Credit Card

Card details

  • 1X point per dollar spent

  • No annual fees

  • No balance transfer fees

  • No foreign transaction fees

  • No cash advance fees

  • Deposit at least $200 into your savings account (before submitting your application) to back your spending. Once approved, the deposit will determine your card’s credit limit and be held

Rates, fees & offers

  • Annual fee

    $0

  • Rewards rate

    1x

  • Bonus offer

    None

  • Intro APR

    N/A

  • Ongoing APR

    APR: 18.00%, Variable

    Penalty APR: Up to 18.00%, Variable

    Cash Advance APR: 20.00%, Variable

  • Foreign transaction fee

    None

Recommended credit score

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NerdWallet review

By Robin Saks Frankel

Rating details

4.5

Editor's overall rating

Pros and cons

Pros
  • Qualify with limited / bad credit

  • No annual fee

  • No foreign transaction fee

Cons
  • Must be a Navy Federal member

The Navy Federal Credit Union® nRewards® Secured Credit Card is a strong choice for members looking to build or repair credit. The key word to note here is "members," because if you aren't a member of the Navy Federal Credit Union, you won't be eligible to apply for this card.

To become a member of Navy Federal, you have to either be a member of the military, a past member or veteran of the military, an employee of the Department of Defense, or an immediate family member of any of those.

If you do fit the criteria to apply for the Navy Federal Credit Union® nRewards® Secured Credit Card, it's one of the best options out there when it comes to secured cards. Here's a rundown of the card's features:

• The annual fee is $0, and there's also no balance transfer fee or foreign transaction fee.

• A minimum $200 security deposit.

• Rewards of one point per $1 spent. A point is worth about one cent and can be redeemed for cash, merchandise or gift cards.

• Automatic review of your account starting at six months to see if you can graduate to an unsecured card.

• Collision damage waiver coverage when you rent a car for 15 days or less.

• Cell phone insurance coverage for up to three phones when the bill is paid with the Navy Federal Credit Union® nRewards® Secured Credit Card.

For more information, see our full review of this card.

User Reviews

Rating Details

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