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. The card offers a variety of perks including cellphone protection and credit score access. You will not be charged any foreign transaction fees, nor will you have to pay a fee for your first late payment.
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. It does not charge an annual fee or any other unnecessary fees, but you will need to make a $500 deposit into a qualifying NFCU savings account to qualify. The card provides a line-of credit equaling the amount of your security deposits.
Your activity is also reported to the major credit bureaus. These bureaus will determine your credit score. If you pay your card on time, you could build your credit history and be eligible for lower rates.
There is no annual charge
If you are trying to rebuild or establish credit, the No annual fee nrewards Secured Card is a good choice. This card is low in balance transfer fees, has no foreign transaction fees, and does not charge a cash advance fee. You can also redeem rewards for merchandise or gift certificates with this card. 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 the card responsibly for six months to be eligible for an upgrade. You will also need to deposit $200 in order to use it.
When looking for a secured card, you should consider a few factors, including the APR. You should be aware that some cards have high APRs so make sure to keep your balance low. Also, you should look for one that reports all three credit bureaus. The best options will not charge an annual fee and offer rewards.
Purchase interest rates low
If you want to qualify for a low purchase interest rate on a secured credit card, consider applying for a card from Navy Federal Credit Union. You don't have to pay any foreign transaction fees. There are no balance transfer fees. And you can even get your FICO credit score. You also have free phone protection and can make one late payment with no 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. A low interest rate will help you pay off your balance more quickly, and can also help you build credit for the future. Contactless technology may be available on the card, which allows you to pay at any point of sale terminals that are eligible. You can use it to pay with Apple Pay or Google Pay.
Navy Federal's new nRewards Secured Crt Card allows you both to earn rewards as well as build your credit. The card comes with a low purchase cost interest rate. However, you can still make purchases and not pay interest for up to six months. This card is especially helpful for people who are still building their credit record.