If you want a low rate of interest and no annual fees, an nRewards secure credit card is the right card. The card offers a variety of perks including cellphone protection and credit score access. It does not have foreign transaction fees. There is no late payment fee.
There is no signup bonus
The nRewards Secured Credit Card from Navy Federal Credit Union is a great credit card that helps build credit while allowing consumers to earn rewards 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.
Your activity is also reported to the major credit bureaus. These bureaus establish your credit score. You can also build a credit history by paying on time and get more favorable rates.
No annual fee
People looking to improve or build their credit score can choose a secured card with no annual fees. This type of card has a low balance transfer fee, no foreign transaction fee, and no cash advance fee. This type of card can often offer rewards that you can use to purchase merchandise and gift cards. Cashback rewards are usually worth a penny to two points.
Navy Federal Credit Union nRewards secured card is intended to assist those with low or moderate credit in rebuilding their credit. You must use your card responsibly for at most six months to get an upgrade. To use the card, you will need to deposit $200
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. 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 rate
Navy Federal Credit Union offers a low purchase rate for secured credit cards. The card does not have foreign transaction fees or balance transfer charges. You also get a FICO credit rating. 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. Low interest rates can make it easier to pay off your balance quicker and will also help you build credit for future. Contactless technology is also available, which allows you make purchases at eligible points of sale terminals. You can use it to pay with Apple Pay or Google Pay.
The nRewards Secured Credit Card from Navy Federal allows you to earn rewards while building your credit score. 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 helpful for people who are still building their credit record.