Whether or not you are constructing credit score for the primary time or working to rebuild it, Navy Federal Credit score Union gives a sensible answer: a secured card that earns money again with no annual price.*
Completely for Lively Responsibility Servicemembers, Veterans, their households, and Division of Protection personnel and contractors, the Navy Federal Credit score Union moneyRewards Secured Credit score Card makes it straightforward to develop your credit score whereas incomes rewards on on a regular basis purchases.
There are not any charges to hitch or keep your membership — simply sensible advantages designed to help your monetary objectives.
Able to take management of your credit score and begin incomes extra out of your spending? Let’s break down how.
A secured card that works tougher for you
Designed to construct or rebuild credit score
When you’re simply getting began with credit score — or beginning once more — this card is constructed for you. It stories to all three main credit score bureaus, so each on-time fee will help construct your rating.
Once I moved to the U.S. from Australia 10 years in the past, I did not have a credit score historical past right here. My first secured card got here from a credit score union, and after six months of accountable use, I certified for an unsecured card. Quick ahead to immediately: I’ve a credit score rating over 800 and greater than 25 rewards playing cards in my pockets — and it began with the inspiration that one secured card gave me.
With Navy Federal, you can graduate to an unsecured moneyRewards card in as little as six months, unlocking even larger rewards without having to reapply.
Easy, rewarding money again
You will earn limitless 1% money again on all eligible purchases** — with no classes to trace, no limits on earnings and no expiration so long as your account stays open.
Money again is credited robotically, so there’s nothing to activate — it simply works for you.
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Low charges, excessive potential
No annual price, no hidden prices
You will get all of the perks with out the worth tag:
- No annual price
- No stability switch price
- No overseas transaction charges — preferrred for these stationed overseas
That sort of price transparency is uncommon within the bank card world, particularly for a product that earns helpful rewards.
Get began with simply $200
You possibly can open your account with a minimal deposit of $200 (and as much as $5,000). That deposit turns into your credit score restrict and helps you identify a robust basis, whereas it stays in your financial savings account, incomes dividends.
After simply three months, you can be eligible for a credit score line enhance.*** And after six months of accountable use, you could qualify for an improve to an unsecured card — all with out a new software or credit score examine.
Further perks
Your card additionally consists of sensible purchasing and journey perks:
- Contactless funds: Simply faucet and go.
- Secondary rental automobile insurance coverage: Covers injury, theft and towing for leases of 15 days or much less.
These extras make your spending — whether or not at house or overseas — smoother and safer.
A part of a path to extra rewards
Unlock extra worth with the cashRewards suite
Graduating from secured to unsecured would not simply increase your credit score — it additionally boosts your rewards. If authorised, you will robotically transfer to considered one of two unsecured playing cards:
- moneyRewards: 1.5% money again on eligible purchases
- moneyRewards Plus: 2% money again (in case your credit score line is $5,000 or larger)****
Upgrades occur inside the identical card household, so there isn’t any arduous credit score pull or have to reapply, and your credit score historical past stays intact. Your secured deposit is refunded, and you retain all of the progress you’ve got made.
Is the Navy Federal cashRewards Secured Card best for you?
Who ought to think about this card
This card is a superb match for:
- First-time bank card customers
- These working to rebuild credit score
- Navy households and Division of Protection personnel in search of a no-annual-fee, rewards-earning possibility
You will want to hitch Navy Federal Credit score Union, however that is free and easy. There is not any membership price — only a $5 minimal deposit to open your financial savings account. Navy Federal’s full area of membership consists of:
- Lively Responsibility Servicemembers: together with members of the Military, Marine Corps, Navy, Air Power, Coast Guard, Nationwide Guard and Area Power
- Veterans
- Instant Household Members: together with spouses, siblings, mother and father, kids, grandparents and grandchildren
- Division of Protection (DoD) workers
Backside line
The Navy Federal moneyRewards Secured Credit score Card is a brilliant method to construct or rebuild credit score whereas incomes money again and avoiding sure charges. Here is what makes it stand out:
- 1% money again on each eligible greenback you spend
- No annual price or overseas transaction charges
- A transparent improve path to larger rewards
- Designed completely for navy Servicemembers, Veterans, their households and Division of Protection personnel
It is greater than a bank card — it is a good step to a stronger credit score future.
Study extra and apply right here.
Disclaimers:
*As of two/3/2025, cashRewards Secured card price is eighteen.00% APR and can differ with the market based mostly on the U.S. Prime Charge. ATM money advance charges: None, if carried out at a Navy Federal department or ATM. In any other case, $0.50 per home transaction or $1.00 per overseas transaction.
**cashRewards Secured bank cards earn 1% money again for each $1 of eligible purchases. Eligible purchases are purchases for items and companies, minus returns and different credit. Eligible purchases don’t embody charges, curiosity prices, stability transfers, playing, comfort checks, money advances or different money equivalents (e.g., cash orders, present playing cards, pay as you go playing cards). For extra data, view the cashRewards Secured Program Description.
***https://www.navyfederal.org/loans-cards/credit-cards/cash-rewards-secured.html#how-it-works
****cashRewards Plus bank cards earn 2% money again on each $1 of eligible purchases. cashRewards bank cards earn 1.5% money again on each $1 of eligible purchases. Eligible purchases are purchases for items and companies, minus returns and different credit. Eligible purchases don’t embody charges, curiosity prices, stability transfers, playing, comfort checks, money advances or different money equivalents (e.g., cash orders, present playing cards, pay as you go playing cards).
Navy Federal Credit score Union is federally insured by NCUA.
