If you're looking for a low monthly fee and a low acquisition interest rate, the nRewards credit card secured is the card for your needs. This card also comes with a number of perks, including free credit score access and cellphone protection. The card does not charge foreign transaction fees or a late fee.
There is no signup bonus
Navy Federal Credit Union's Secured Credit Card nRewards Secured Credit Card offers great credit cards that help build credit and allow consumers to earn reward points on purchases. To qualify, you'll need to make a $500 investment into a qualifying NFCU saving account. You can get a credit line equal to your security deposit.
This card also reports your activity to the three major credit bureaus. These bureaus determine credit scores. If you make timely payments to your card, you can build credit and qualify for higher rates.
There is no annual fee
The No annual fee nrewards secure card is an excellent option for those looking to build credit. This card does not have a foreign transaction fee or a balance transfer fee. It also has no cash advance fees. Additionally, you may be able to redeem your rewards for merchandise and gift vouchers. Cashback rewards often amount to a penny or less per point.
Navy Federal Credit Union nRewards secured Credit card was created to help those with weak or moderate credit rebuild their credit. To get an upgrade, you must use the card responsibly for at least six months. You'll also need to deposit $200 before you can use it.
The APR should be considered when you are looking for a secured debit card. You should be aware that some cards have high APRs so make sure to keep your balance low. It is also important to find one that reports to all three credit agencies. The best options are free of annual fees and offer rewards.
Low purchase interest rate
Navy Federal Credit Union may offer a lower purchase rate on secured credit cards. The card does not have foreign transaction fees or balance transfer charges. You also get a FICO credit rating. You can also get free phone protection, and one late payment is not subject to penalty.
The purchase interest rate of a secured credit card is low, which makes it attractive for those who plan to use it for large purchases or consolidating other debt. Low interest rates will allow you to pay your balance off more quickly and help you build credit in the future. You may also be able to use contactless technology on your card to make payments at certain point-of-sale terminals. It can also be used for Apple Pay, Google Pay, or Samsung Pay.
Navy Federal's new nRewards Secured Crt Card allows you both to earn rewards as well as build your credit. 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 particularly advantageous for people who are still working on building their credit history.