Navy group: Construct credit score and earn rewards with this card

Whether or not you are constructing credit score for the primary time or working to rebuild it, Navy Federal Credit score Union affords a wise answer: a secured card that earns money again with no annual payment.*

Solely for Lively Obligation 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 preserve 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 more durable for you

Designed to construct or rebuild credit score

In case 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 may also 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 as we speak: 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 would 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 mechanically, so there’s nothing to activate — it simply works for you.

Low charges, excessive potential

No annual payment, no hidden prices

You will get all of the perks with out the value tag:

• No annual payment
• No stability switch payment
• No international transaction charges — splendid for these stationed overseas

That sort of payment transparency is uncommon within the bank card world, particularly for a product that earns useful rewards.

Get began with simply $200

You’ll be able to 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 powerful basis, whereas it stays in your financial savings account, incomes dividends.

After simply three months, you would be eligible for a credit score line enhance.*** And after six months of accountable use, you might qualify for an improve to an unsecured card — all with out a new software or credit score test.

Further perks

Your card additionally consists of sensible purchasing and journey perks:

• Contactless funds: Simply faucet and go.
• Secondary rental automobile insurance coverage: Covers harm, theft and towing for leases of 15 days or much less.

These extras make your spending — whether or not at residence 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 does not simply enhance your credit score — it additionally boosts your rewards. If accredited, you will mechanically transfer to one among 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 is no onerous 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 have made.

Is the Navy Federal cashRewards Secured Card best for you?

Who ought to contemplate 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 searching for a no-annual-fee, rewards-earning possibility

You will want to hitch Navy Federal Credit score Union, however that is free and easy. There isn’t any membership payment — only a $5 minimal deposit to open your financial savings account. Navy Federal’s full subject of membership consists of:

• Lively Obligation Servicemembers: together with members of the Military, Marine Corps, Navy, Air Pressure, Coast Guard, Nationwide Guard and Area Pressure
• Veterans
• Quick Household Members: together with spouses, siblings, dad and mom, 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. This is what makes it stand out:

• 1% money again on each eligible greenback you spend
• No annual payment or international transaction charges
• A transparent improve path to larger rewards
• Designed solely for navy Servicemembers, Veterans, their households and Division of Protection personnel

It is greater than a bank card — it is a sensible step to a stronger credit score future.

Be taught extra and apply right here.

Disclaimers:

*As of two/3/2025, cashRewards Secured card fee is eighteen.00% APR and can fluctuate with the market based mostly on the U.S. Prime Price. 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 international 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 embrace charges, curiosity expenses, stability transfers, playing, comfort checks, money advances or different money equivalents (e.g., cash orders, reward 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 embrace charges, curiosity expenses, stability transfers, playing, comfort checks, money advances or different money equivalents (e.g., cash orders, reward playing cards, pay as you go playing cards).

Navy Federal Credit score Union is federally insured by NCUA.