Military community: Build credit and earn rewards with this card

Are you looking to establish or rebuild your credit? Navy Federal Credit Union has an ideal solution: a secured credit card that not only helps build your credit but also offers cash back rewards without an annual fee.*

This card is available exclusively to Active Duty Servicemembers, Veterans, their families, and Department of Defense employees, making it easy to enhance your credit while earning rewards on everyday spending.

No membership fees or maintenance costs are required—just straightforward benefits tailored to help you achieve your financial objectives.

Ready to take charge of your credit and maximize your spending benefits? Let’s explore how.

A Secured Card That Works Harder for You

Designed for Building or Rebuilding Credit

This card is perfect for anyone new to credit or seeking to rebuild it. It reports to all three major credit bureaus, so every timely payment can boost your score.

When I relocated to the U.S. from Australia a decade ago, I had no credit history here. My first secured card from a credit union helped me build a solid foundation. After six months of responsible usage, I qualified for an unsecured card. Now, I boast a credit score over 800 and more than 25 rewards cards, all starting from that one secured card.

With Navy Federal, you could transition to an unsecured cashRewards card in just six months, unlocking even greater rewards without needing to reapply.

Simple and Rewarding Cash Back

Enjoy unlimited 1% cash back on all eligible purchases**—with no categories to track, no limits on earnings, and no expiration as long as your account remains active.

Cash back is automatically credited, making it hassle-free.

Low Fees, High Rewards

No Annual Fee, No Hidden Costs

Experience all the perks without any hidden surprises:

• No annual fee
• No balance transfer fee
• No foreign transaction fees—great for those stationed abroad

This kind of transparency is rare in the credit card industry, particularly for a rewards-earning product.

Start with Just $200

Open your account with a minimum deposit of $200 (up to $5,000). This deposit will serve as your credit limit while earning dividends in your savings account.

After three months, you could be eligible for a credit limit increase.*** In six months of responsible use, you might qualify for an upgrade to an unsecured card—no new application or credit check necessary.

Additional Perks

Your card comes with practical shopping and travel benefits:

• Contactless payments: Just tap and go.
• Secondary rental car insurance: Covers damage, theft, and towing for rentals of 15 days or less.

These extras ensure a smoother and more secure spending experience.

Part of a Rewards Journey

Unlock Greater Value with the cashRewards Suite

Transitioning from a secured to an unsecured card not only enhances your credit but also increases your rewards. If approved, you’ll seamlessly move to:

• cashRewards: 1.5% cash back on eligible purchases
• cashRewards Plus: 2% cash back (if your credit line is $5,000 or higher)****

Upgrades maintain your credit history—no hard credit pulls or new applications are needed, and your secured deposit is refunded.

Is the Navy Federal cashRewards Secured Card Right for You?

Who Should Consider This Card

This card is an excellent match for:

• First-time credit card users
• Individuals aiming to rebuild credit
• Military families and Department of Defense personnel looking for a no-annual-fee, rewards-earning option

Joining Navy Federal Credit Union is straightforward and free—just a minimal deposit of $5 to open your savings account. The membership includes:

• Active Duty Servicemembers, including Army, Marine Corps, Navy, Air Force, Coast Guard, National Guard, and Space Force
• Veterans
• Immediate Family Members: spouses, siblings, parents, children, grandparents, and grandchildren
• Department of Defense employees

Bottom Line

The Navy Federal cashRewards Secured Credit Card is a smart choice for building or rebuilding credit while earning cash back and avoiding fees. Key features include:

• 1% cash back on every eligible dollar spent
• No annual fee or foreign transaction fees
• A clear path to higher rewards
• Exclusively designed for military Servicemembers, Veterans, their families, and DoD personnel

This card is more than just a credit card—it’s a step towards a stronger financial future.

Learn more and apply today.

*As of 2/3/2025, the cashRewards Secured card rate is 18.00% APR and may vary with market conditions based on the U.S. Prime Rate. No ATM cash advance fees if performed at a Navy Federal branch or ATM; otherwise, it’s $0.50 for domestic transactions or $1.00 for foreign transactions.

**cashRewards Secured cardholders earn 1% cash back for every $1 of eligible purchases. Eligible purchases include goods and services minus returns/credits. Exclusions: fees, interest, balance transfers, gambling, checks, cash advances, and cash equivalents (e.g., money orders, gift cards).

***More details available at [Navy Federal](https://www.navyfederal.org/loans-cards/credit-cards/cash-rewards-secured.html#how-it-works).

****cashRewards Plus credit cards earn 2% cash back on every $1 of eligible purchases; cashRewards credit cards earn 1.5%. Eligible purchases are as defined above.

Navy Federal Credit Union is federally insured by NCUA.