If you want a low rate of interest and no annual fees, an nRewards secure credit card is the right card. You also get free access to your credit score and protection for your cellphone. The card does not charge foreign transaction fees or a late 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. You will receive a line credit equal to the amount you have put down for your security deposit.
The card reports all activity to the three major credit agencies. These bureaus determine credit scores. If you make timely payments to your card, you can build credit and qualify for higher rates.
No annual fee
If you are trying to rebuild or establish credit, the No annual fee nrewards Secured Card is a good choice. This card comes with a low balance transfer fee and no foreign transaction fees. There is also no cash advance fee. In addition, this type of card often offers rewards that you can redeem for merchandise and gift cards. Cashback rewards are usually worth a penny to two points.
The Navy Federal Credit Union nRewards secured credit card is designed to help those with poor or middling credit rebuild their credit. You will need to use the card responsibly at least six months before you can upgrade. For the card to be used, you'll need to deposit $200.
You should take into account the APR when looking for a secured credit card. High APR cards can be costly so you should keep your balance low. Also, you should look for one that reports all three credit bureaus. The best options don't have an annual fee, and they offer rewards.
Low purchase interest rate
Navy Federal Credit Union offers a low purchase rate for secured credit cards. You can get a FICO credit score for free and there are no foreign transaction fees. The card comes with free phone protection. You can also make one late payments without being penalized.
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 are a great way to build credit and pay off your debt faster. 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 particularly advantageous for people who are still working on building their credit history.