| Category | Rate | Type | Cap |
|---|---|---|---|
|
All Purchases
Earn unlimited 1% cash back on every eligible net purchase with no spending cap and no bonus categories to track or activate.
|
1x | Cash Back | No cap |
| Benefit | Category | Value / Coverage |
|---|---|---|
|
Automatic Upgrade Review at 6 Months
At 6 months, Navy Federal automatically reviews the account to determine eligibility for an upgrade to an unsecured cashRewards Credit Card. If approved, the security deposit hold is removed within 3 to 5 business days.
|
Financial | Automatic unsecured card review at 6 months |
|
Credit Line Increase After 3 Months
After 3 months of responsible account management, cardholders may be eligible for a credit line increase beyond their initial security deposit amount, providing additional purchasing power without requiring an additional deposit.
|
Financial | Potential credit line increase at 3 months |
|
No Annual Fee
The cashRewards Secured Credit Card carries no annual fee, making it a cost-effective credit-building tool with cash back earning.
|
Financial |
$0 annual fee
Up to $0
|
|
No ATM Cash Advance Fee at Navy Federal Branches and ATMs
Cash advances performed at any Navy Federal branch or ATM incur no transaction fee. At non-Navy Federal ATMs, a fee of $0.50 per domestic transaction or $1.00 per foreign transaction applies.
|
Financial | $0 at Navy Federal ATMs; $0.50–$1.00 elsewhere |
|
No Balance Transfer Fee
There is no fee charged for balance transfers to the cashRewards Secured card. Only balances from non-Navy Federal accounts are eligible for transfer.
|
Financial | $0 balance transfer fee |
|
No Foreign Transaction Fee
No foreign transaction fee is charged on purchases made outside the United States or in a foreign currency, making this secured card suitable for international use.
|
Financial | 0% foreign transaction fee |
|
Refundable Security Deposit
The required security deposit (minimum $200) serves as the credit limit and is held by Navy Federal. The deposit is returned in full if the account is closed in good standing or upon upgrade to an unsecured cashRewards Credit Card.
|
Financial | Minimum $200 refundable deposit |
|
SCRA Interest Rate Cap — Enhanced Navy Federal Benefit
Navy Federal caps interest rates on pre-active-duty balances at 4% APR for qualifying servicemembers — exceeding the federal SCRA requirement of 6% — and waives all account fees for the duration of active duty service.
|
Financial | 4% APR cap during active duty |
|
Three-Bureau Credit Reporting
Navy Federal reports payment history and account status monthly to all three major credit bureaus — Equifax, Experian, and TransUnion — helping cardholders build or rebuild their credit profile with responsible use.
|
Financial | Complimentary |
|
Auto Rental Collision Damage Waiver
Provides secondary collision and damage waiver coverage for eligible rental vehicles when the full rental cost is charged to the card and the rental period is 15 days or less. Coverage includes physical damage, theft, towing charges, and valid loss-of-use charges; certain vehicle types are excluded.
|
Insurance | Secondary CDW, rentals up to 15 days |
|
Choice of Visa or Mastercard Network
Applicants may choose whether their cashRewards Secured card is issued on the Visa or Mastercard network at the time of application, providing flexibility in network-level benefits and acceptance.
|
Other | Complimentary |
|
Contactless Payments
The card is equipped with contactless payment technology, allowing cardholders to pay with a single tap wherever the Contactless Symbol is displayed at checkout.
|
Other | Complimentary |
|
Digital Card — Early Access Before Physical Card Arrives
Qualifying new cardholders may receive a digitally issued card number immediately upon approval, allowing purchases to begin before the physical card arrives in the mail.
|
Other | Complimentary |
|
Navy Federal Mobile App and Online Banking Access
24/7 access to full account management, cash back tracking and redemption, transaction history, and card controls via the Navy Federal Mobile App and online banking at navyfederal.org.
|
Other | Complimentary |
|
Worldwide Visa / Mastercard Acceptance
The card is accepted at millions of merchants worldwide wherever Visa or Mastercard is accepted, and functions identically to an unsecured credit card at the point of sale.
|
Other | Global acceptance |
|
1% Cash Back on All Purchases
Earn unlimited 1% cash back on every eligible net purchase with no spending cap, no bonus categories to activate, and no expiration on rewards as long as the account remains open and in good standing.
|
Rewards | 1% cash back, unlimited |
|
Fraud Monitoring
Navy Federal monitors account activity for suspicious or unusual transactions and may alert the cardholder or take protective action when potentially fraudulent activity is detected.
|
Security | Complimentary |
|
Zero Liability Fraud Protection
Cardholders bear no liability for unauthorized transactions made with the card, provided the loss or theft is reported promptly to Navy Federal. Applies to both the Visa and Mastercard versions of the card.
|
Security | 100% liability protection |
|
Travel and Emergency Assistance Services
24/7 emergency assistance services are available to cardholders worldwide, including medical referral assistance, lost luggage locator service, and prescription assistance. Fees for referred third-party services are the cardholder's responsibility.
|
Travel | Complimentary referral service |
