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Navy Federal Credit Union nRewards® Secured Credit Card review

A secured card to rebuild your credit with no annual fee — and simple rewards.’s rating: 4.4 / 5


1x points on all purchases



Annual fee

18% variable

Purchase APR


Minimum Credit Score


Annual fee$0
Welcome offerN/A
Rewards1x points on all purchases
Purchase APR18% variable
Balance transfer APR18% variable
Minimum Credit Score300

Review by

Julia Cameron is a writer and editor who has experience in finance, mergers and acquisitions, content marketing and immigration law. She has a passion for interior design and an affinity for Old Florida, where she lives with her family.

Expert review

The nRewards® Secured Credit Card is one of the rare secured credit cards that offers rewards. It has no annual fee, a $200 security deposit, an 18% variable purchase APR and gives you the ability to earn 1x points on all purchases.

Best of 2021
Finder experts pick nRewards® Secured Credit Card as a 2021 best product for credit cards.

How to apply for NFCU nRewards® Secured Credit Card

Before you can apply for a NFCU nRewards® Secured Credit Card, you’ll need to become a member of the NFCU and open a savings account with at least $200. You will not be able to complete the online application until you have deposited at least $200 into your NFCU savings account.

To be approved for the NFCU nRewards® Secured Credit Card, you need to be at least 18 years old, a US citizen or legal resident and be able to provide a valid Social Security number or tax ID number. You’ll also need to provide:

  • Your employment status
  • Your monthly income
  • Your monthly housing expense
  1. Go to the Navy Federal Credit Union website and hover on Products and Services. Then click Credit Cards from the resulting window.
  2. Scroll to nRewards Secured and click Apply.
  3. Enter the user name and password for your NFCU online banking account and click Sign In.
  4. The website will walk you through the remaining steps, which include providing your personal and financial information.
  5. After you review the terms and conditions and fund your security deposit (if you don’t already have the funds in your account), confirm the information you’ve provided and submit your application

How long will it take to be approved?

You’ll find out if you’ve been approved for the card nearly immediately after applying.

Card benefits

  • Rewards program. Earn 1 point for every dollar you spend, and redeem points for gift cards or merchandise.
  • Credit bureau reporting. NFCU reports your account activity to the three major credit bureaus, which can improve your credit score more quickly.
  • No annual fee. It’s a good choice for those looking for a low-cost credit card.
  • Collision damage waiver. You automatically have collision damage waiver coverage when you rent a car and pay for the rental with your secured card.

What to watch out for

The NFCU nRewards® Secured Credit Card can help you build your credit to meet your financial goals. But consider the below before you apply.

  • Required NFCU membership. You must become a member and open up an NFCU account for approval.
  • High required security deposit. Requires at least $200, which becomes your credit limit.
  • No intro APR. Once approved, a 18% variable APR applies immediately.

I got the card. Now what?

You’re on your way to rebuilding your overall credit history and financial health. Here are some important tips to help making your payments a little easier.

  • Manage your account online. Set up an online account to monitor and stay on top of your spending.
  • Avoid unnecessary interest. After the close of each billing cycle, you have a grace period of 25 days to pay your balance. If you do, you won’t pay interest on your purchases.
  • Avoid fees. Returned payments come with fees of up to $20, so consider signing up for autopay for automatic payments ahead of your due date.
  • Contact information. Contact NFCU at 888-842-6328, or log in to your account to send a secure email or initiate a live chat. You can also visit NFCU on Facebook or on Twitter @NavyFederal.

nRewards® Secured Credit Card reviews and complaints

The NFCU nRewards® Secured Credit Card gets good reviews online, with comments like “what an outstanding card” and “amazing.” As of October 2020, the Navy Federal Credit Union gets an A+ from the Better Business Bureau, though it is not currently accredited.

Compare similar secured cards

Name Product Filter values Minimum deposit required Purchase APR Annual fee Minimum Credit Score
Capital One Platinum Secured Credit Card
$49, $99 or $200
26.99% variable
New to credit
A no-annual-fee secured card that separates itself from the pack with a $200 credit limit after making a more affordable than average deposit of $49, $99 or $200.
Cleo Credit Builder card
A card made with your credit score in mind
OpenSky® Secured Visa® Credit Card
Starting at $200
17.39% variable
Apply for this card with no credit check if you're new to credit or have bad credit.

Compare up to 4 providers

Bottom line

With a low APR, minimal fees and a simple rewards program, the nRewards® Secured Credit Card is a good card to check out. But if this card doesn’t fit your needs or you’re not interested in becoming a NFCU member, compare more secured credit cards.

Common questions about the NFCU nRewards® Secured Credit Card

Credit card ratings

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★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

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    Default Gravatar
    August 13, 2019

    Does the NFCU N rewards secured card look like a regular credit card? Is it clear?

      Avatarfinder Customer Care
      August 14, 2019

      Hi Mark,

      Thanks for contacting Finder.

      NFCU nRewards is a secured credit card that can help you rebuild your credit. Just like any other card, it has a rewards program, does not have any annual fee and reports your account activity to the three major credit bureaus. However the card requires at least $200, which becomes your credit limit.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      I hope this helps.

      Kind Regards,

    Default Gravatar
    April 5, 2018

    I’m wondering if within time does your secured credit card turn into an unsecured credit card?

      Default Gravatar
      April 5, 2018

      Hi Alicia,

      Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?

      Your secured card can become an unsecured card upon approval of the issuing bank should they deem your credit standing good and you meet the eligibilities and other requirements needed for an unsecured card.

      Hope this helps!


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