An nRewards secured credit card is the best credit card to use if you're looking for a low purchase interest rate and no annual fee. This card also comes with a number of perks, including free credit score access and cellphone protection. It does not have foreign transaction fees. There is no late payment fee.
No signup bonus
Navy Federal Credit Union's Secured Credit Card, nRewards Secured Credit Card, is a credit card that builds credit and offers rewards for purchases. There is no annual fee. You will have to deposit $500 into a qualifying NFCU savings to qualify. The card offers a line of credit equal to the amount of your security deposit.
Your activity is also reported to the major credit bureaus. These bureaus will determine your credit score. If you pay your card on time, you could build your credit history and be eligible for lower rates.
There is no annual charge
The No annual fee nrewards secure card is an excellent option for those looking to build credit. This card comes with a low balance transfer fee and no foreign transaction fees. There is also no cash advance fee. You can also redeem rewards for merchandise or gift certificates with this card. Cashback rewards may be worth as little as a penny per point.
Navy Federal Credit Union nRewards secured Credit Cards are designed to help those who have poor credit or very low credit build their credit. You must use your card responsibly for at most six months to get an upgrade. For the card to be used, you'll need to deposit $200.
When looking for a secured card, you should consider a few factors, including the APR. A few cards have high APRs. It's important to keep your balance down. You should also look for one that reports to all three credit bureaus. You will get rewards and no annual fee from the best options.
Low purchase interest rate
Navy Federal Credit Union can help you get a low purchase-interest rate secured credit card. There are no foreign transaction or balance transfer fees and you get a FICO score. The card includes phone protection as well as the ability to make one late payment without penalty.
For people who intend to consolidate or make major purchases with the secured card, a low purchase interest rate is a good option. A low interest rate will help you pay off your balance more quickly, and can also help you build credit for the future. The card may also come with contactless technology, which lets you pay at eligible point of sale terminals. It can also be used for Apple Pay, Google Pay, or Samsung Pay.
Navy Federal's nRewards Secured credit card allows you to build your credit score and earn rewards. The card's purchase interest rate is low, so you can use the card for any purpose. In addition to the six-month interest free period, the card allows you to make no interest payments for purchases. This card is especially useful for those who are still working to build their credit history.