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The Navy Federal nRewards® Secured Credit Card is designed to help cardholders establish or rebuild their credit. This secured card has no annual fee and requires a minimum security deposit of $200. With the Navy Federal nRewards® Secured Credit Card rewards program, you earn a flat one point per dollar in purchases. The Navy Federal nRewards® Secured Credit Card has a 18% variable.
A secured card such as the Navy Federal nRewards® Secured Credit Card is a pathway to better credit. While the card earns points, you don’t want to overspend in pursuit of earnings. Instead, keep your balance much lower than your available credit and set up auto payments so you’re never late. Doing these two things can show the credit issuer you are ready for an unsecured credit. It’s best to not carry a balance month to month so you can avoid interest charges.
The Navy Federal nRewards® Secured Credit Card is designed to help you establish or improve your credit. Make the most of that opportunity by making small purchases and paying the bill in full each month. Ideally, with good payment behavior, you can graduate to an unsecured card and recover your deposit in just six months.
Dawn PapandreaContributor
The Navy Federal nRewards® Secured Credit Card does not have a welcome offer.
Given the flat one point per dollar in purchases rate, you earn rewards by making purchases with the card. While any value that comes your way is a good thing, don’t spend extra to earn rewards. Rather, focus on being a model credit card user to eventually qualify for better, higher-earning cards.
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