Credit Cards
Navy Federal nRewards® Secured Card Review: Boost Your Credit
Dive into the world of credit-building and rewards with Navy Federal nRewards® Secured in our review. Redeem your points for travel, merchandise, and more.
Advertisement
Get all the details on the Navy Federal Secured Card with Rewards in one place!
Discover the ultimate way to improve your credit and earn! Navy Federal nRewards® Secured card is the perfect solution, and we’re here to give you a review.
Apply for the Navy Federal nRewards® Secured Card
Follow this guide to apply for the Navy Federal nRewards® Secured card and Unlock better credit today. $0 hidden fees!
Get ready to explore its incredible features, benefits, and hassle-free application process so you can make a smart choice. Don’t miss out on this fantastic opportunity – read on!
- Credit Score: 300-689 (Poor – Average);
- Annual Fee: $0;
- Purchase APR: 18.00% (variable);
- Cash Advance APR: 2% above the purchase APR;
- Welcome Bonus: N/A;
- Rewards: 1 point on all purchases.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Advertisement
Navy Federal nRewards® Secured: how does it work?
If you’re looking for a credit card that helps you build or rebuild your credit, then the Navy Federal nRewards® Secured is a solid option.
It stands out from other secured cards because it rewards you for every purchase you make.
You earn points to redeem for various rewards for every transaction you make.
Also, the card comes with many other benefits that can help you improve your credit score and financial health.
However, you should keep in mind that you need to be a member of the Navy Federal Credit Union to apply for this card.
Secured Deposit
To begin building your credit, you’ll need to deposit $200 when you open your account. This deposit will determine your credit limit.
Still, if you use your card responsibly for three months, you may be eligible for a higher credit limit without having to put down more money.
Also, after six months, Navy Federal will review your credit and may offer you an upgrade to a cashRewards unsecured card.
Advertisement
Flat Fees
Beyond the initial security deposit, there are no other fees for this credit card.
So it means no annual fees, balance transfer fees, foreign transaction fees, or advance fees for the Navy Federal nRewards® Secured.
3 Tips for Good Credit Utilization
Here are three simple and helpful tips to maintain good credit utilization:
1. Firstly, try to keep your credit card balance below the limit set by your bank.
2. Then, pay your credit card bills on time every month.
3. Lastly, avoid using your credit card for unnecessary or impulse purchases.
Advertisement
Navy Federal nRewards® Secured: should you get one?
Are you considering getting a credit card to build your credit score? If so, you should review the Navy Federal nRewards® Secured credit card more closely.
This product is designed specifically for individuals with limited or no credit history. See the pros and cons below.
Pros
- Earn rewards on all purchases;
- Potential for a credit limit increase without an additional security deposit;
- Minimal fees, making it cost-effective;
- Reports credit to the main bureaus.
Cons
- Requires a secured deposit;
- Limited to Navy Federal Credit Union members.
Credit score required
It is recommended to have a 300-689 (Poor – Average) credit score.
Navy Federal nRewards® Secured application: how to do it?
Ready to take the plunge into credit-building and rewards? So, stay tuned for our next article, where we’ll guide you through the application steps. Read on!
Apply for the Navy Federal nRewards® Secured Card
Follow this guide to apply for the Navy Federal nRewards® Secured card and Unlock better credit today. $0 hidden fees!
Trending Topics
National School Lunch Program: see how to apply
Learn how to apply to the National School Lunch Program and get your children nutritious meals. Learn more now!
Keep ReadingGet financial fitness with 7 steps: put your finances in shape!
If you don't know how to manage your money, you need to learn these steps to financial fitness. Your future self will thank you later.
Keep ReadingInstacart Mastercard® Review: Shop, Earn, Save!
How can Instacart help you earn cash back on all your purchases? Find out for yourself in our Instacart Mastercard® review. Read on!
Keep ReadingYou may also like
Beauty on a Budget? An Ulta Credit Card Honest Review
Earn 20% off your first beauty purchase at Ulta with the credit card in our review: Ulta Credit Card. Find out other benefits here!
Keep ReadingDiscover it® Miles Credit Card application: how does it work?
Learn how to apply for the Discover it® Miles Credit Card. Pay no annual fee and earn miles on purchases. Read on and learn more.
Keep Reading6 Best High Interest Savings Accounts in Canada: earn the most interest
Here is a list with some of the best high interest savings accounts in Canada for you to stash your money for the long or short term.
Keep Reading