For those with no credit or a damaged credit history looking for a brighter future and higher credit score, secured cards like the Navy FCU nRewards Secured Credit Card often offer a credit redemption opportunity. Secured cards require a deposit that banks effectively use as collateral to lend.
| Positive points | Negative points |
|---|---|
| No foreign transaction fees | Account requires a deposit |
| No annual fee | ID Required |
The available credit limit is based on the amount of the deposit, which allows it to be issued to those who have no or little credit. One benefit of a good secured card - such as the nRewards Secured Card - is to report credit payment behavior to the three major credit bureaus. This gives cardholders the opportunity to demonstrate a pattern of responsible credit use.
It offers additional benefits for those who use the card to build credit history. Unlike many unsecured cards aimed at those with little or no credit history, the Navy FCU nRewards Secure Credit Card, has no foreign transactions or cash advance fees. It also offers rewards, with 1 unlimited point per dollar on qualifying net purchases. Points can be redeemed for merchandise, gift certificates or cash back. The Navy FCU nRewards guaranteed credit card requires a minimum initial deposit of $200.
| Benefits | |
|---|---|
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Transfer
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No balance transfer fees |
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Protection
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Cell Phone Protection |
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Advance
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No cash advance fees |
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Rewards
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No limits on rewards |
Earning Rewards
The Navy FCU nRewards Secure Credit Card earns 1 point per dollar on qualifying net purchases. There is no limit to the amount of rewards that can be earned on the card. Points are not earned if the account falls into good standing. Loss of points occurs upon account closure. Rewards points also expire four years after the month in which they were earned. Click the button below and apply for your card:
I Want My CardRedeeming Rewards
Points are redeemed for merchandise, gift certificates, or cash back. Points have an effective redemption value of one cent per point. Points must be redeemed in amounts equal to multiples of 5,000 (i.e., 5,000 for $50, 10,000 for $100, 15,000 for $150, etc.) with the Navy Federal Credit Union.
Is the Navy FCU nRewards Secured Credit Card for you?
The Navy FCU nRewards Secured Card is a solid card option for those looking for a card and wanting to improve a weak or damaged credit profile. Perks like cell phone protection and rental car insurance are not often found in the secured card market and make the card a great option. With no foreign transaction fees or cash advance fees, the nRewards card further differentiates itself, provided you are eligible to join Navy Federal Credit Union. Click the button below and apply for your card:
I Want My Card
