Navy Federal nRewards® Secured Credit Card
Cardholders can use the Navy Federal Credit Card to build/repair their credit. The annual fee for this secured card is $0 and there's a $200 minimum deposit.
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
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.
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.
Conclusion
Note: Credit Card summary is for informational purposes only and is not an endorsement of the product. Products and services described are offered by third parties and not Bright Money or its partner banks. Bright Money strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider, or specific product’s site and the information has not been reviewed or provided by the issuer of the product before publication.
