Navy Federal nRewards Secured Credit Card 2021 Review

Secured cards, such as the Navy FCU nRewards® Secured Credit Card*, often present an option for credit rescue for those with no credit or a damaged credit history striving toward a brighter, higher-credit-score future. Secured cards necessitate a deposit, which banks effectively utilise as collateral when lending. The credit limit available is determined by the size of the deposit, allowing issuance to those with no or limited credit. One advantage of a good secured card, such as the nRewards Secured Card, is the ability to record credit payment behaviour to the three major credit bureaus. This allows cardholders to demonstrate a pattern of appropriate credit use. The Navy FCU nRewards® Secured Credit Card* provides additional rewards to people who use the card to establish credit. The Navy FCU nRewards® Secured Credit Card* features no international transaction or cash advance fees, unlike many unsecured cards marketed for those with little to no credit history. It also provides incentives, with an infinite 1 point each dollar spent on approved net purchases. Points can be redeemed for items, gift cards, or cash back. A $200 starting deposit is required for the Navy FCU nRewards® Secured Credit Card*. Cardholders of the Navy FCU nRewards® Secured Credit Card* can be evaluated for a greater credit line above the amount of the deposit after only three months. After six months, frequent reviews begin, with those who qualify as "responsible enough" being able to upgrade to cash Rewards unsecured card.

Major Highlights-

• Points redeemed for cash, statement credit, gift cards and merchandise
• Tap to Pay: Make purchases quickly and securely with your nRewards card
• No cash advance fees
• No balance transfer fees
• Cell Phone Protection: Your Navy Federal Credit Card can provide extra protection for your cell phones
• 18% fixed APR on purchases
• No annual fee
• Earn 1X points per dollar spent
• No rewards limit: Spend more, earn more. Continue to accrue more until you’re ready to redeem

Advantages-

• No annual fee
• No foreign transaction feese
• Earn 1 point per dollar spent
• No cash advance fees

Disadvantages-

• Navy Federal requires membership, which means you need to have at least a grandparent or grandkid that’s a veteran or active military member
• As a secured card, the account requires a deposit

Contact details

• • Talk to a real person anytime. Our stateside member reps are available 24/7.
  1-888-842-6328
  International: 1-703-255-8837 (collect)
  Other important phone numbers
• BUSINESS SOLUTIONS
• 1-877-418-1462
  Representatives are available Monday through Friday, 9 am to 5 pm, ET.
• COLLECTIONS
• 1-800-336-3767
  Speak to a Collections specialist Monday through Friday, 8 am to 9 pm, ET.