Navy Federal nRewards Secured Card

Navy Federal nRewards Secured Card Review

This is a rewards credit card issued by Navy Federal Credit Union. If you're wondering whether Navy Federal nRewards Secured Card is the right card for you, read on.

Key Takeaways

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 18%
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have relatively good approval odds.

Pros & Cons of Navy Federal nRewards Secured Card

The Good	The Bad
No annual fee. Offers auto rental collision damage waiver. Considers applicants with fair credit. No foreign transaction fee. Cardholders can earn rewards on their purchases. Navy Federal nRewards Secured Card reports to multiple credit bureaus.	Higher than average purchase APRs. Does not offer a signup bonus.

Navy Federal nRewards Secured Card FAQ

Does Navy Federal nRewards Secured Card have a cash back or rewards program?

Navy Federal nRewards Secured Card is a rewards card.

Navy Federal nRewards Secured Card Rewards

Minimum rewards rate	1x
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A

What are the Navy Federal nRewards Secured Card benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Zero fraud liability
• Cell Phone Protection
• Reports to major credit bureaus

What are the relevant APRs for Navy Federal nRewards Secured Card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Navy Federal nRewards Secured Card has a variable purchase APR of 18%. The card has a variable balance transfer APR of 18% . It also has a variable cash advance APR of 18% . Note that late payments are subject to an APR of 18% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Navy Federal nRewards Secured Card?

The following fees apply:

Navy Federal nRewards Secured Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	up to $20
Late Payment Fee	up to $20

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.

Does Navy Federal nRewards Secured Card report your account activity to credit bureaus?

Yes, Navy Federal nRewards Secured Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Navy Federal nRewards Secured Card

• Visit the Navy Federal nRewards Secured Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.