The Navy Federal cashRewards Secured card is a solid choice for those looking to build or rebuild their credit, offering 1% cash back on all purchases with no annual fee. A standout feature is the upgrade path: after just 6 months of responsible use, you may be eligible to transition to the unsecured cashRewards card and get your deposit back. This makes it more than just a stepping stone, as it can grow with you as your credit improves. The card also offers rental car collision damage waiver coverage, adding a touch of travel protection. However, the 18% APR is on the high side, so it's best suited for those who can pay off their balance in full each month. With no foreign transaction fees, it can also be a cost-effective option for international use.
Earn rates & credits
| Category | Rate |
|---|---|
Everything Else | 1% |
Card details
Regular APR | 18% variable |
Foreign transaction fee | None |