The best credit card for you if your goal is to get a low interest rate on purchases and no annual fees is an nRewards Secured Credit Card. The card offers a variety of perks including cellphone protection and credit score access. It also offers no foreign transaction fees and no fee for the first late payment.
No signup bonus
Navy Federal Credit Union's nRewards Secured Credit Card is a great credit card. It helps to build credit and allows consumers to earn rewards for purchases. To qualify, you'll need to make a $500 investment into a qualifying NFCU saving account. The card offers a line of credit equal to the amount of your security deposit.
The card will also report your activity to the three main credit bureaus. These bureaus establish your credit score. You can also build a credit history by paying on time and get more favorable rates.
There is no annual cost
If you are trying to rebuild or establish credit, the No annual fee nrewards Secured Card is a good choice. This type of card has a low balance transfer fee, no foreign transaction fee, and no cash advance fee. Additionally, you may be able to redeem your rewards for merchandise and gift vouchers. Cashback rewards are usually worth a penny to two points.
The Navy Federal Credit Union nRewards secured credit card is designed to help those with poor or middling credit rebuild their credit. You will need to use the card responsibly at least six months before you can upgrade. To use the card, you will need to deposit $200
Consider the APR when searching for a secured bank card. You should be aware that some cards have high APRs so make sure to keep your balance low. It is also important to find one that reports to all three credit agencies. The best options won't charge an annual fee and come with rewards.
Low purchase interest rate
Navy Federal Credit Union can help you get a low purchase-interest rate secured credit card. You don't have to pay any foreign transaction fees. There are no balance transfer fees. And you can even get your FICO credit score. You can also get free phone protection, and one late payment is not subject to penalty.
A low purchase interest rate on a secured card is an attractive option for people who plan to use the card for major purchases, or to consolidate debt from other cards. Low interest rates can make it easier to pay off your balance quicker and will also help you build credit for future. Contactless technology may be available on the card, which allows you to pay at any point of sale terminals that are eligible. It can also be used with Apple Pay, Google Pay and Samsung Pay.
Navy Federal's nRewards secured credit card lets you earn rewards and improve your credit score. The card offers a low purchase rate and you can use it to make any purchases. This card is especially advantageous to people still building their credit score.