Our illustration in the card’s colours, not its design
Navy Federal credit card
cashRewards Secured Credit Card
No annual fee. Purchase APR 18.00%, variable. No foreign transaction fees.
Checked Nov 1, 2026Updated
- Annual fee
- Receipt · Annual feeChecked Nov 1, 2026
Issuer document · navyfederal.org · PDF
The source states this figure; we have no exact sentence on file yet.
- Purchase APR · variable
- Receipt · Purchase APRChecked Nov 1, 2026
Issuer document · navyfederal.org · PDF
“As of 09/29/2026, cash Rewards Secured card rate is 18.00% APR and will vary with the market based on the U.S.”
- Foreign transactions
- Receipt · Foreign transactionsChecked Nov 1, 2026
CFPB credit card survey · Reported to the CFPB
“Foreign Transaction None”
Select an underlined figure to see where it comes from.
In dollars
What it’s worth
Yearly value in dollars: rewards and credits minus the annual fee, for three ways of spending. First year includes any welcome bonus.
| Spending | Value against the fee | First year | After |
|---|---|---|---|
| Light spender | $120 | $120 | |
| Typical spender | $300 | $300 | |
| Heavy spender | $660 | $660 |
The spending each assumes, and what isn’t counted
- Light spender: groceries $300, dining $100, gas $100, everything else $500 a month
- Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250 a month
- Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500 a month
$120a year
The same in the first year and after.
The spending this assumes
A month: groceries $300, dining $100, gas $100, everything else $500.
$300a year
The same in the first year and after.
The spending this assumes
A month: groceries $600, dining $300, gas $200, travel $150, everything else $1,250.
$660a year
The same in the first year and after.
The spending this assumes
A month: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500.
Use your own spending
Estimates from the published terms above, as checked Nov 1, 2026; not advice. How we value cards
Against the market
How it compares
Worth more to a typical spender than about 70% of the 732 cards we track.
- No annual fee, like about 90% of the 50 cards on our Secured list (see the list).
- Worth more to a typical spender than about 85% of the 50 cards on our Secured list (see the list).
- Lower top APR than about 75% of the 651 cards we track.
Other secured cash back cards with no annual fee
- Cash Rewards Secured Credit Card from Bank of AmericaBank of America · No annual fee+$180 a year
- Bank of America Unlimited Cash RewardsBank of America · No annual fee+$150 a year
- Bank of America Unlimited Cash Rewards SecuredBank of America · No annual fee+$150 a year
Against this card, for our typical spender’s value (rewards and credits minus fees, after the first year).
Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method
cash Rewards Secured
How you earn
- 1%
- Everything else
Cash back, as a share of each purchase.
Benefits
- Rental car
Every figure with its receipt
Rates and fees
| Annual fee | Receipt · Annual feeChecked Nov 1, 2026 Issuer document · navyfederal.org · PDF The source states this figure; we have no exact sentence on file yet. |
|---|---|
| Purchase APR | Receipt · Purchase APRChecked Nov 1, 2026 Issuer document · navyfederal.org · PDF “As of 09/29/2026, cash Rewards Secured card rate is 18.00% APR and will vary with the market based on the U.S.” |
| Balance transfer APR | Receipt · Balance transfer APRChecked Nov 1, 2026 Issuer document · navyfederal.org · PDF “Cash Advance APR 18.00%” |
| Balance transfer fee | Receipt · Balance transfer feeChecked Nov 1, 2026 Issuer document · navyfederal.org · PDF “Balance Transfer None” |
| Cash advance APR | Receipt · Cash advance APRChecked Nov 1, 2026 Issuer document · navyfederal.org · PDF “Cash Advance APR 18.00%” |
| Cash advance fee | Receipt · Cash advance feeChecked Nov 1, 2026 Issuer document · navyfederal.org · PDF “Otherwise, $0.50 per domestic transaction or $1.00 per foreign transaction.” |
| Penalty APR | Receipt · Penalty APRChecked Nov 1, 2026 Issuer document · navyfederal.org · PDF “Penalty APR and When It Applies 18.00%” |
| Late payment | Receipt · Late paymentChecked Nov 1, 2026 Issuer document · navyfederal.org · PDF “Late Payment Fee: You will be required to pay a late payment fee of up to $20.00 if you do not pay at least the minimum payment by the payment due date on your statement.” |
| Returned payment | Receipt · Returned paymentChecked Nov 1, 2026 Issuer document · navyfederal.org · PDF “Returned Payment None” |
| Foreign transactions | Receipt · Foreign transactionsChecked Nov 1, 2026 CFPB credit card survey · Reported to the CFPB “Foreign Transaction None” |
| Grace period | Receipt · Grace periodChecked Nov 1, 2026 Issuer document · navyfederal.org · PDF “Paying Interest Your due date is at least 25 days after the close of each billing cycle.” |
| Minimum interest charge | Receipt · Minimum interest chargeChecked Nov 1, 2026 Issuer document · navyfederal.org · PDF “Minimum Interest Charge None” |
Before you apply
- What the application asks: your name, address, date of birth, Social Security number (or ITIN), income and housing payment. By law the issuer must consider your ability to pay (Regulation Z, 1026.51).
- Your credit report: applying usually means a hard inquiry, which can lower your score slightly for a while. Some issuers let you check whether you’re pre-approved first without one. How credit reports work (CFPB)
Questions
- What is the annual fee?
- None · navyfederal.org · PDF, since Nov 1, 2026
- Does it charge a foreign transaction fee?
- No. · Reported to the CFPB, since Oct 4, 2026
- What is the purchase APR?
- 18.00% APR · navyfederal.org · PDF, since Sep 29, 2026