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Navy Federal nRewards® Secured Credit Card

Credit needed
Poor/Limited History
APR
18.00%
Annual Fee
$0

Card Summary

Cardholders can use the Navy Federal rewards Secured Credit Card to build or repair their credit.

The annual fee for this secured card is $0, and there's a $200 minimum security deposit.

The Navy Federal rewards secured credit card rewards program earns you a flat 1 point for every dollar of purchases.

For purchases or balance transfers, the APR of Navy Federal rewards secured Credit Card is variable at 18.00%.

Card Summary - Cons

Rates and fees

Issuer Name
Navy Federal Credit Union
Penalty APR
18%
Credit Needed
Poor/Limited History
Balance Transfer Fee
N/A
Annual Fee
$0
Cash Advance Fee
If performed at an ATM or Navy Federal branch, none. Other than that, $1.00 for each foreign transaction and $0.50 for domestic transactions.
APR
18.00%
Foreign Transaction Fee
None
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Navy Federal Credit Union

The Best Features

Navy Federal Credit Union may return deposits after six months. If your account is in good standing, they will examine it and return any deposit.

Online Member Mall: Navy Federal rewards secured credit card holders have access to the online member mall, which allows them to earn as much as 15 points per dollar or 15% cashback. They also get exclusive offers.

There is no foreign transaction fee or balance transfer: The Navy Federal rewards Secured Credit Card does not have a foreign transaction fee or balance transfer fee.

Rewards

Sign up bonus

APR Requirements

Drawbacks

There is no sign-up bonus, or introductory period of APR for the Navy Federal rewards Secured Credit Card.

Rewards and benefits are limited and expire after 4 years. The Navy Federal rewards secured Credit Card rewards program offers only 1 point for every dollar spent.

Reward points expire after 4 years.

Highlights

1X point per dollar spent.
There are no annual fees.
There are no balance transfer fees.
No foreign transaction fees.
Cash advance fees are not applicable.
There are no rewards caps.
You can redeem points for merchandise, cash or statement credit.

Navy Federal rewards Secured credit card benefits Navy Federal rewards Secured credit card holders get access to extra benefits, including:

Access to your FICO credit scores for free.
Protection for your cell phone.

Maximizing Rewards

Get more rewards if you make as many purchases with your card as possible, due to the flat 1 points per dollar rewards rate.

Benefits

Comparative Analysis with Other Cards

Navy Federal rewards Secured credit card vs. Capital One platinum Secured credit card

Annual Fee: The Navy Federal rewards Secured Credit Card charges an annual $0 fee. Annual fee: The Capital One Platinum Secured Credit Card charges $0.

Reward Program: The Navy Federal rewards secured credit card rewards program allows you to earn a flat 1 point for every dollar spent, with no limit. Capital One Platinum Secured Credit Card doesn't offer travel rewards or cash back.

Sign up bonus: No card provides a sign-up incentive. Benefits: No foreign transfer fee or balance transfer is required for the Navy Federal rewards Secured Credit Card. It also offers cellphone protection and free FICO credit score access.

Benefits: Capital One Platinum Secured credit card holders have access to Mastercard identity theft protection, fraud coverage, and emergency card services.

Navy Federal rewards Secured Credit Card vs. Discover It Secured credit card

Reward Program: One point for every dollar spent on the Navy Federal rewards Secured credit card purchases. There are no caps. You can earn up to $1,000 in quarter-end gas savings and restaurant purchases with the Discover it Secured credit card. All other purchases are eligible for 1% cashback (unlimited).

Sign up bonus: The Navy Federal rewards Secured Credit Card doesn't offer a sign up bonus. Your total cash rewards from the Discover it Secured credit card are automatically matched dollar-for-dollar at the end your first year.

Benefits: No foreign transaction or balance transfer fees are charged by the Navy Federal rewards Secured Credit Card. It also includes cellphone protection and free FICO credit score access.

Cardholders of the Discover it Secured credit card have free access to FICO credit scores and cellphone protection. There are no foreign transaction fees or late payments.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

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No late fees. Reduced interest charges. Pay off

Navy Federal Credit Union