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The Navy Federal nRewards Secured credit card

If you are looking for a credit card that gives you rewards while builds up your credit, the Navy Federal nRewards Secured may be the perfect credit card for you.

Navy Federal nRewards Secured Credit Card
Source: Navy Federal nRewards Secured Credit Card

If you need to start establishing a credit history or are in need to rebuild your credit score, a great option is secured credit cards with no annual fees like this one, the Nave Federal nRewards is a secured card that you can get even with low to none credit history.

Find everything you need to know about the nRewards Secured Credit card, in the following article.


Navy Federal nRewards Secured Credit Card
CREDIT CARD
Navy Federal nRewards Secured
No foreign transaction fees No cash advance fees
Take advantage of this card
SEE HOW TO APPLY You will remain on the current site

What is the nRewards Secured Credit Card?

A secured credit card, is a card that needs a safety deposit made to you be able to open an account and use the card, this type of card is mostly aimed to people who have zero or low credit history and wants to build or rebuild their credit score.

This is the case of the nRewards Secured Credit Card, you will have to deposit at least $200 in your savings account to be able to apply and use this card, the Navy Federal will hold your deposit in your account as your credit card limit. After 3 months you can get a credit limit upgrade without more security deposit.

Of course, this is not just a regular secured credit card, with nRewards you get one point to each dollar spent, the points can be exchanged for cash, gift cards, statement credit and merchandise. There are no limits on the number of points you can earn, just pay attention because they expire after four years.   

The Navy Federal nRewards

The Navy Federal nRewards is a simple rewards program, you earn 1 point to every dollar spend. The points can be redeemed for statement credit, gift cards, merchandise and cash back. This last feature is a great option, for example, if you get 5.000 points you get $50 back on your savings account.

Another way to use your points is though Pay with Points, this tool let you redeemed your points on transactions that have already been posted on your account in the past ninety days, you can use Pay with Points at most three transactions totaling at least $50.

The gift cards rewards can be used to purchase goods or services at partners retailers or online stores. The merchandise rewards include applicable sales tax and shipping and will be delivered to the cardholder mailing address. To know all the nitty-gritty information about the rewards system offered by this card, you can access the program description on Navy Federal website.

Benefits of the nRewards Secured Credit Card

Because this card is made for the people who wants to build their credit score, it comes with some benefits, some of the main ones are:

  • No annual fees
  • Zero balance transfer fees
  • No international transactions fees
  • Zero cash advance fees
  • 1 rewards point for every dollar spent
  • Coverage for car rental
  • No limit in the number of points you can earn
  • Does not need a high credit score to apply
  • Liability protection in case of fraud
  • Access to your credit score

More about the nRewards Secured Credit Card

As we said before, you will need to make a minimum of $200 to start you account, and this money will be hold, and used as your credit spending limit, but after three months of good use you can get a limit review, and your limit be raised without the need of additional deposit.

Besides that, every six month the Navy Federal you analyze your credit card account and if you are making the payments on-time, they can remove the hold, and your credit card can be upgraded to an unsecured version.

Some other benefits of the nRewards Secured Credit Card is the contactless payment option, that allows your payments safer, Collision Damage Waiver coverage for when you rent a card for at least 15 days and 24/7 access to stateside representatives.

Apply To nRewards Secured Credit Card

Navy Federal nRewards Secured Credit Card
Source: Navy Federal nRewards Secured Credit Card

To have access to the nRewards Secured Credit Card, you have to be a member of Navy Federal. To be able to apply for membership you must be on the military or have a relative who is a veteran or is currently on the military.  

If you got interested on the Navy Federal nRewards Secured Credit Card, and would like to know more about it, all you have to do is keep reading our article!


Navy Federal nRewards Secured Credit Card
CREDIT CARD
Navy Federal nRewards Secured
No foreign transaction fees No cash advance fees
Take advantage of this card
SEE HOW TO APPLY You will remain on the current site