If you qualify, we’ll provide you with additional credit to allow for spending beyond your deposit. As years go by, keep this card and use it once every 6 months just to keep it active. At the seventh month mark it was graduated to a CashRewards without me having to ask and a 2K limit. The Navy Federal Credit Union n Rewards Secured Credit Card does not charge an annual fee. All other Navy Federal Credit Card rates range from 10. Once approved, you’d be issued a card with a credit limit equal to your deposit. With a secured credit card, consumers are required to put down a cash. My Navy Federal nRewards card graduated. The Navy FCU nRewards® Secured Credit Card * earns 1 point per dollar on eligible net purchases. Your Navy Federal Secured credit card minimum payment is 2% of the balance owed or $20, whichever is greater. A secured credit card is an excellent credit-building tool. To qualify for an increase, your card must be in good standing and your total credit line must stay below the card’s maximum of $5,000. February 17th marked my 7th full statement. Secured cards require you to provide a cash security deposit, usually equal to your credit line. We believe everyone should be able to make financial decisions with confidence. Hey does anyone or has anyone ever had this card. Best Secured Credit Cards Of May 2023 – Forbes Advisor. As of 04/28/2023, n Rewards Secured card rate is 18. 00% APR, are based on product type. The Capital One QuicksilverOne Cash Rewards Credit Card is available to people with limited or fair credit, and though it charges a $39 annual fee, the card also earns 1. Graduate from a Secured Credit Card to an Unsecured Card. However, Navy Federal also offers options for people with bad credit. By providing us with a few pieces of information, we’re able to run a quick credit check (with no impact to your credit score) and see if you’re eligible to receive a specific card before submitting your application. 50 per domestic transaction or $1. Navy Federal does not publicly disclose many of its borrower requirements. Secure credit card, 9 months, not graduation yet I have already 9 statements with my n rewards secure card, every month pay off in full, I pay my cell phone bill every month with this card and then few days later i paid in full, any advice to get graduate??? Thanks 5 10 10 comments Best Add a Comment FUandUrdumbjoke • 1 yr. Not all card issuers follow the same guidelines when it comes to how long it takes for a secured card to become unsecured, although it typically ranges from six to 18 months. Maria Adams, Credit Cards Moderator. With Navy Federal, you’d need to open a qualifying savings accountfirst. Navy Federal Nrewards Secured Card Graduate (It Finally Happened) SUBSCRIBE https://www. Graduating means that you keep your card, but your security deposit is returned. Know you’re building your credit. My Navy Federal nRewards card graduated 16,447 views Jan 20, 2021 693 Dislike Eccentric Digital Media 1. Loyalty Cash Bonus when you redeem your rewards into a Truist deposit account 10 23. You only have to pay a specified minimum amount each month to be credited for paying on time. Earning Rewards. Loans & Credit Cards Credit Cards Auto Loans Mortgages. Apply Now More Prequalification FAQs What information do you need from me?. Bank Secured card offers a. Secured credit card graduation depends on your credit card issuer and on demonstrating that you can be trusted with more responsibility. If youre looking for simple, straightforward rewards, the Navy Federal Credit Union cashRewards Credit Card is appealing — assuming youre eligible. My Navy Federal nRewards card graduated 16,447 views Jan 20, 2021 693 Dislike Eccentric Digital Media 1. A secured credit card is an excellent credit-building tool. I use most of my balance every month, pay it down to 2-6% before the statement date, and pay off the remaining balance for the due date. The Navy FCU nRewards® Secured Credit Card * also offers a near fee-less option with an unlimited 1 point per dollar on eligible net purchases, making it almost undoubtedly a preferable. Due to a rental car overcharge I was over my balance for multiple months and was told that was the reason it did not graduate in a year. The Navy Federal n Rewards Secured credit card lets you earn rewards while building your credit. Cellphone protection – By paying your cellphone bill with your card, your phone is insured for up to $250 per claim in case it’s stolen or damaged (max of two claims per 12-month period, subject to $50 deductible). By providing us with a few pieces of information, we’re able to run a quick credit check (with no impact to your credit score) and see if you’re eligible to receive a specific card before submitting your application. This card unsecures automatically (there is no need to call up and request for it to be unsecured) after the 12th account statement cycle (13 months after the card is received). ATM cash advance fees: None, if performed at a Navy Federal branch or ATM. As of 04/28/2023, n Rewards Secured card rate is 18. Secure credit card, 9 months, not graduation yet I have already 9 statements with my n rewards secure card, every month pay off in full, I pay my cell phone bill every month with this card and then few days later i paid in full, any advice to get graduate??? Thanks 5 10 10 comments Best Add a Comment FUandUrdumbjoke • 1 yr. I started with an NFCU secured card years ago and once my credit limit increased, I upgraded to an NFCU Visa Flagship rewards card. Keep in mind that requesting a limit increase may trigger. Re: Navy Federal nrewards secured graduation Sounds like youre doing great with Navy so far Renember that for the CLI its 91 days AND three full statements. Join Nowif you have a family member at Navy Federal Department of Defense Civilians Our field of membership also covers DoD civilian personnel, who support our armed forces. Secured credit cards provide a path for nearly anyone to receive an approval and start building a credit profile. The Navy Federal nRewards Secured Card rolls up savory features like low fees, unlimited flat-rate rewards and credit line upgrade reviews into one secured card. By providing us with a few pieces of information, we’re able to run a quick credit check (with no impact to your credit score) and see if you’re eligible to receive a specific card before submitting your application. However, Navy Federal also offers options for people with bad credit. The Navy Federal Credit Union privacy and security policies do not apply to the linked site. com/channel/UCBUA Navy Federal Secured Credit Card How Much To Deposit Hack!. In this time Ive raised my score quite a bit (+40-80 points depending on the agency), as well as get approved for their More Rewards AMEX with a limit of $25k in December 2020. If you qualify, it will return your deposit and convert. The Navy FCU nRewards® Secured Credit Card * also offers a near fee-less option with an unlimited 1 point per dollar on eligible net purchases, making it almost undoubtedly a preferable. A secured credit card is just like a regular credit card, but it requires a cash security deposit, which acts as collateral for the credit limit. That’s a big advantage over many competing secured cards, whose annual fees can range as high as $40. Navy Federal Secured card graduation Hi! We have had a NFCU secured card for 6 months. Graduation to an unsecured card could occur in as little as 6 months, but it could also take several years. The Navy Federal Credit Union nRewards® Secured Credit Card requires a refundable deposit (minimum of $200), and the deposit becomes your credit limit. The Ultimate Certificate Strategy Laddering your certificates is an excellent way to ensure you earn the best rates possible. At the seventh month mark it was graduated to a CashRewards without me having to ask and a 2K limit. 00% APR and will vary with the market based on the U. If you plan to use your card in place of your debit card, and pay off the balance each month, a card like Navy Federal’s More Rewards American Express® Credit Card that offers extra rewards for cash spent on items like groceries or gas can provide great cash-back potential. As of 03/11/2023, n Rewards® Secured card rate is 18. Qualifying for a Mortgage. Can I Laminate My Social Security Card?. Hey does anyone or has anyone ever had this card. That means people with at least good credit have a shot at getting approved for the Capital One Venture Card. How to Get a Secured Credit Card. These cards require a security deposit, usually ranging from $200 to several thousand dollars, depending on the deposit requirements of. Navy Federal nRewards graduation Hey all! In August I acquired a Navy nRewards secured card. Secured credit cards provide a path for nearly anyone to receive an approval and start building a credit profile. Our 7th statement just printed and we did not graduate to the regular card. When you visit the site, Dotdash Meredith and its partners allowed store or retrieve information off your browser, almost on the fashion of chocolate. You’ll just need to answer 3 questions: Are you Active Duty?. The Navy Federal n Rewards Secured credit card lets you earn rewards while building your credit. Secured credit cards require a cash security deposit, which is typically refundable when you upgrade to an unsecured card or close the account in good standing. $19 annual fee 9 Security deposit required up to the approved credit limit. The Capital One QuicksilverOne Cash Rewards Credit Card is available to people with limited or fair credit, and though it charges a $39 annual fee, the card also earns 1. Lamination can interfere with security features on the card, which may result in employers and others not accepting it as a form of identification. ↵ 2 Rewards are earned on eligible net purchases. ATM cash advance fees: None, if performed at a Navy Federal branch or ATM. Pros Higher credit limit consideration after making six payments on time Low fees Low security deposit requirement Cons No clear path toward graduating to secured card No rewards. Navy Federal nRewards graduation Hey all! In August I acquired a Navy nRewards secured card. nRewards® Secured Credit Card Features & Benefits Account Will Be Reviewed for Potential Upgrade After 3 months of having your card and using it responsibly, you could be eligible for an upgrade. Navy Federal Personal Loans: 2023 Review. Navy Federal Credit Card>See If You Prequalify for a Navy Federal Credit Card. Navy Federal requires membership, which means you need to have at least a grandparent or grandkid that’s a veteran or active military member As a secured card, the account requires a. If your credit limit is decreased, you’ll get a. 5 Things to Know About the Wells Fargo Secured Credit Card. I basically would pay off my balance to zero once a week. As of 03/11/2023, n Rewards® Secured card rate is 18. The Navy Federal Credit Union n Rewards Secured Credit Card does not charge an annual fee. I’m going on my 9th month and still no increase/graduation. Then, make the deposit requirement of at least $200 into your savings account. You must be a member of Navy Federal to apply, and there is no minimum credit score requirement. What do you want to do with money? Popular Searches Early 401k Withdrawals Compoundin. Secured credit cards tend to have relatively lenient approval requirements because the deposit serves as your credit line, thus preventing you from spending more than you can afford to repay and minimizing risk from the issuers perspective. CAC Common Access Card CALT Command and Leadership Training Corps CEAP Civilian Employee Assistance Program CFL Command Fitness Leader Computers for Learning CFR Code of Federal Regulations CFT Combat Fitness Test CGO Candidate Guidance Officer Planning and Program Requirements N4 Logistics N6 Information. Execute you want to known if Navy Federal your a good credit unionization? This in-depth review will help you decide if it’s right for you. All other Navy Federal Credit Card rates range from 10. You should be able to qualify for this card as long as you have the $300 required for the deposit. The Navy Federal credit card approval requirements include a credit score of at least 700 (good credit), in most cases. The credit score that you need for the Capital One Venture Rewards Credit Card is 700 or better. You also have to be an NFCU member to apply for one of their credit cards. As years go by, keep this card and use it once every 6 months just to keep it active. Talk to your school’s financial aid. Social security cards can be laminated, but it’s not advisable to do so. The Navy Federal nRewards Secured Card rolls up savory features like low fees, unlimited flat-rate rewards and credit line upgrade reviews into one secured card for NFCU accountholders. Pull your info without affecting your credit score. Learn More about the benefits included with all Navy Federal. Potential to graduate to an unsecured card Starting at six months, Navy Federal will review your account for good payment behavior. Other Capital One Venture Approval Requirements. When you’re looking for new secured credit cards, it’s always important to make wise financial choices. Apply Now More Prequalification FAQs What information do you need from me? We’ll pull your name, address, date of birth and Social Security number from your member profile. Travelers are required to present the required form(s) to receive the tax exemption. As years go by, keep this card and use it once every 6 months just to keep it active. Navy Federal Credit Union>Qualifying for a Mortgage. ” When writing a message on a graduation card, the writer should be concise and sincere. 7K views 9 months ago Navy Federal nRewards credit card users can graduate to the Cashrewards Cashback card after 6 months. Length of credit history plays into your credit score. Navy Federal Secured Card. nRewards® Secured Credit Card Features & Benefits Account Will Be Reviewed for Potential Upgrade After 3 months of having your card and using it responsibly, you could be eligible for an upgrade. Other Navy Federal credit cards require a credit score of 750+ (excellent credit). How to Use a Secured Credit Card: 5 Tips for Success. Save while you build your credit. Navy Federal nRewards graduation Hey all! In August I acquired a Navy nRewards secured card. Navy Federal Credit Union’s EasyStart Certificates offer a competitive APY—up to 4. With Navy Federal, you’d need to open a qualifying savings accountfirst. With a low minimum opening deposit of $50, these certificates. This type of credit card is backed by the cash deposit you make when you open the account. Along with securing business insurance, you usually have to square away funding options for your new business. Program excludes Navy Federal business and Home Equity Line Visa® Platinum credit cards and Navy Federal Debit Cards. Secured credit card graduation depends on your credit card issuer and on demonstrating that you can be trusted with more responsibility. Best Secured Credit Cards Of May 2023. Navy Federal Investment Services Investments Direct Deposit Send funds directly to your account to ensure seamless deposits while youre deployed or traveling. The Navy Federal credit card approval requirements include a credit score of at least 700 (good credit), in most cases. Graduated Navy Federal secured card, should I keep it or get >Graduated Navy Federal secured card, should I keep it or get. The issuer holds the deposit in case you dont pay your bill; you get the deposit back when you. The Navy Federal credit card approval requirements include a credit score of at least 700 (good credit), in most cases. Whether you’re getting your first credit card or have less than ideal credit, you’re usually more concerned about simply getting approved. You also have to be an read full answer. Re: Navy Federal nrewards secured graduation Sounds like youre doing great with Navy so far Renember that for the CLI its 91 days AND three full statements. 45%—for terms ranging from six to 24 months. Average Cost of Membership Per Year ($3,600 annual spend) $0+$36 in rewards. Not all card issuers follow the same guidelines when it comes to how long it takes for a secured card to become unsecured, although it typically ranges from six to 18 months. During this period, you need to use your card correctly and keep an eye on your credit score to qualify. Re: Navy Federal nrewards secured graduation Sounds like youre doing great with Navy so far Renember that for the CLI its 91 days AND three full statements. Best Secured Credit Cards Of May 2023 – Forbes …. The way NFCU does their thing is beginning at the six month they will pull your score once per month and graduate you based on their internal score, not your FICO scores. Secured cards require you to provide a cash security deposit, usually equal to your credit line. Potential to graduate to an unsecured card Starting at six months, Navy Federal will review your account for good payment behavior. The Navy Federal nRewards Secured Card rolls up savory features like low fees, unlimited flat-rate rewards and credit line upgrade reviews into one secured card for NFCU accountholders. See If You Prequalify for a Navy Federal Credit Card. Other Navy Federal credit cards require a credit score of 750+ (excellent credit). Cancel Proceed to You are leaving a Navy Federal domain to go to: Navy Federal does not provide, and is not responsible for, the product, service, overall website content, security, or privacy policies on any external third-party sites. The easiest Navy Federal credit card to get is the Navy Federal Credit Union nRewards® Secured Credit Card because you can get approved with Bad credit. Best Secured Credit Cards of May 2023. Our 7th statement just printed and we did not graduate to the regular card. While there isn’t an official policy regarding graduating to a secured card, some users have reported success after the first year. Are you (or were you) a member of the Armed Forces, or related to a member? Navy Federal Credit Union nRewards could offer you the chance to build credit. federal identification card as proof of federal government employment, as well as official business travel documentation during the time of stay at the hotel. It literally “pays” to investigate all the sources you have available to fund your college education. If you qualify, it will return. With a secured credit card, consumers are required to put down a cash. I have had it for about 19 months now and I am told the account is reviewed monthly to see if it can graduate. Credit card issuers will look at your secured credit card usage for a period of time to determine if you’re managing your credit responsibly. Re: Navy Federal nrewards secured graduation Sounds like youre doing great with Navy so far Renember that for the CLI its 91 days AND three full statements. Navy Federal nrewards secured graduation. Your deposit amount is always equal to your credit limit, provided Navy Federal Credit Union deems your creditworthiness and income sufficient to handle the limit for which you’ve applied. 7K views 9 months ago Navy Federal nRewards credit card users can graduate to the Cashrewards Cashback card after 6 months. Secured by a minimum deposit greater than or equal to $300 in a Key Active Saver ® account 3 (up to $5,000). Why we picked it: When you have the Discover it® Secured Credit Card, the issuer reviews your account starting when you’ve made seven months of on-time payments to see if you can transition to an unsecured line of credit and get your deposit refunded. It graduates to the cashRewards Credit Card which also has no annual fee and cash back of up to 1. Secured credit cards provide a path for nearly anyone to receive an approval and start building a credit profile. Length of credit history plays into your credit score. Navy Federal Secured card graduation Hi! We have had a NFCU secured card for 6 months. Included With All Navy Federal Credit Cards. Youll just need to answer 3 questions: Are you Active Duty?. Credit card graduation is when a secured card’s security deposit is returned to the cardholder and the card, in turn, becomes unsecured. Card Graduation. But NOT ALL are eligible for graduation and the. You can also graduate to the unsecured Navy Federal Credit Union cashRewards Card after a review at six months. Navy Federal Investment Services Investments Direct Deposit Send funds directly to your account to ensure seamless deposits while youre deployed or traveling. Its pretty solid with a $50 annual fee and credit for global entry. 5 Things to Know About the Navy Federal cashRewards Card. Navy Federal Credit Union n Rewards Secured Credit Card requires a minimum security deposit of $200. Re: Navy Federal nrewards secured graduation Sounds like youre doing great with Navy so far Renember that for the CLI its 91 days AND three full statements. Bank Secured card has a maximum deposit of $5,000, meaning a credit line for the maximum deposit should ideally not be extended beyond about $1,500. Navy Federal Credit Union nRewards Secured Credit Card requires a minimum security deposit of $200. Graduated Navy Federal secured card, should I keep it or get. (d) Defense Travel Administrator’s Manual. Your deposit amount is always equal to your credit limit, provided Navy Federal Credit Union deems your creditworthiness and income sufficient to handle the limit for which you’ve applied. When you run a small business, you typically have quite a few financial decisions to make. Discover it Secured Credit Card. Check your statements and make sure the first one is at least 25 days or itll be considered a partial and wont count, and youll need to wait an extra statement period. These cards require a security deposit, usually ranging from $200 to several thousand dollars, depending on the deposit. Finally, submit your application for a secured credit card. By setting up a secured credit card account, you use a small refundable cash deposit to build your credit history in order to qualify for an unsecured credit card. To be eligible, you need to be a member and meet certain credit requirements. Credit Card to Build Credit. You can also graduate to the unsecured Navy Federal Credit Union cashRewards Card after a review at six months. But NOT ALL are eligible for graduation and the process is. 1 Your deposit must be kept in a Key Active Saver account - use it to secure your credit card and grow your savings. Navy Federal Secured Card - Graduation I have a NFCU Secured credit card. Navy Federal does not publicly disclose many of its borrower requirements. Re: Navy Federal nrewards secured graduation Sounds like youre doing great with Navy so far Renember that for the CLI its 91 days AND three full statements. Credit card graduation is when a secured card’s security deposit is returned to the cardholder and the card, in turn, becomes unsecured. Terms on Navy Federal’s. If you can change it to another card without them closing it and opening a new one then that’s fine but closing it down will reset your average age. Card Graduation This card unsecures automatically (there is no need to call up and request for it to be unsecured) after the 12th account statement cycle (13 months after the card is received). That way, there’s less of a risk of being denied! Answer 3 quick questions. The Wells Fargo Secured Credit Card requires a deposit of $300 to $10,000. When you visit one site, Dotdash Beth furthermore its partners may store or retrieve information on your browser, mostly in the forms of cookies. The credit score that you need for the Capital One Venture Rewards Credit Card is 700 or better. Your smart decisions in managing your credit with a secured card can help your credit score rise, making it easier to get the unsecured. Navy Federal Secured card graduation Hi! We have had a NFCU secured card for 6 months. However, it will not fall off our reports until December. 3 Reasons Your Navy Federal Secured Credit Card WONT. Your Navy Federal Secured credit card minimum payment is 2% of the balance owed or $20, whichever is greater. While some experienced borrowers worry about how many credit cards, others have different priorities. If you plan to use your card in place of your debit card, and pay off the balance each month, a card like Navy Federal’s More Rewards American Express® Credit Card that offers extra rewards for cash spent on items like groceries or gas can provide great cash-back potential. Navy Federal Credit Union nRewards® Secured Credit Card Review. Thats a guideline, but you can look at yours on your monthly statement. My 2nd Card, My #NavyFederal nRewards graduated!!! and only a. The Navy Federal credit card approval requirements include a credit score of at least 700 (good credit), in most cases. Bank Secured Visa Card 2023 Review – Forbes …. It’ll be the anchor for your credit Age. Included With All Navy Federal Credit Cards. My 2nd Card, My #NavyFederal nRewards graduated!!! and only a day or two after my Discover it Secured Graduated. PenFed CDs offer some of the best CD rates in New Jersey for long-term savers overall, but short-term savers can also enjoy a higher rate with that credit union. Card Graduation This card unsecures automatically (there is no need to call up and request for it to be unsecured) after the 12th account statement cycle (13 months after the card is received). The bottom line: Navy Federal Credit Union personal loans may be a good fit for most members, thanks to flexible amounts, consumer-friendly features and quick funding time. You only have to pay a specified minimum amount each month to be credited for paying on time. Navy Federal nRewards Secured Card: Ideal If Youre Eligible >Navy Federal nRewards Secured Card: Ideal If Youre Eligible. nRewards® Secured Features & Benefits. Ive received no communication regarding the card graduating and I didnt get the CL increase at 3 months that some see. Looks like my secured navy card is graduating today, exactly 2 days after my 6th statement cut (on 7/14) happened to login early this am and saw my credit shows $200 of $2,000 available. Program excludes Navy Federal business and Home Equity Line Visa® Platinum credit cards and Navy Federal Debit Cards. Bank Secured card has a maximum deposit of $5,000, meaning a credit line for the maximum deposit should ideally not be extended beyond about $1,500. Navy Federal Secured card graduation. Navy Federal requires membership, which means you need to have at least a grandparent or grandkid that’s a veteran or active. Navy Federal Credit Union® nRewards® Secured Credit …. Thumbs up this video and SUBSCRIBE, it helps me learn who enjoyed this video to create more content for you all! 💙 💙 💙 💙 💙In this video, I will discu. The Wells Fargo Secured Credit Card requires a deposit of $300 to $10,000. Navy Federal requires membership, which means you need to have at least a grandparent or grandkid that’s a veteran or active military member As a secured card, the account requires a. On This Page: Does a Secured Credit Card Ever Become Unsecured?. The Navy Federal n Rewards Secured credit card lets you earn rewards while building your credit. What Is The Navy Federal cashRewards Credit Limit?. We have a chapter 13 that has been discharged for over a year. While experienced borrowers may be thinking carefully about just how many credit cards could be too many, those who are new to credit or have low credit scores usually have other things on their minds — like the process of qualifying for cr. 99% variable APR on purchases and balance transfers 9 Key benefits Earn unlimited cash back rewards on everyday purchases. Apply Now More Prequalification FAQs What information do you need from me? Well pull your name, address, date of birth and Social Security number from your member profile. In all exempted states, the cardholder is not responsible for paying taxes on lodging and car rentals. Thats a big advantage over many competing secured cards, whose annual fees can range as high as $40. Secured Credit Card to an Unsecured Card >Graduate from a Secured Credit Card to an Unsecured Card. Capital One Venture Credit Limit Info. Secured cards require you to provide a cash security deposit, usually equal to your credit line. Virtually No Other Card Fees. Navy Federal Credit Union n Rewards Secured Credit Card requires a minimum security deposit of $200. 24/7 access to stateside member reps; No balance transfer or foreign transaction fees 3; Ability to freeze and unfreeze your cards; Zero Liability policy for unauthorized transactions; Fraud notifications* Access to your credit score. Cellphone protection – By paying your cellphone bill with your card, your phone is insured for up to $250 per claim in case it’s stolen or damaged (max of two claims per 12-month period, subject to $50 deductible). Navy Federal Credit Union® nRewards® Secured Credit Card review. You can request credit limit increases and decreases in $100 increments. With some creditors, you could potentially get approved to “graduate” to an unsecured credit card. Thumbs up this video and SUBSCRIBE, it helps me learn who enjoyed this video to create more content for you all! 💙 💙 💙 💙 💙In this video, I will discu. 6 Best Secured Credit Cards of 2023. If you can change it to another card without them closing it and opening a new one then that’s fine but closing it down will reset your average age. Your deposit amount is always equal to your credit limit, provided Navy Federal Credit Union deems your. Its also great news for those seeking to maximize the value of their earned rewards. LIST OF FREQUENTLY USED ACRONYMS. $19 annual fee 9 Security deposit required up to the approved credit limit. Bank Secured card offers a. There is no limit to the amount of rewards that can be earned on the card. To qualify for an increase, your card must be in good standing and your total credit line must stay below the card’s maximum of $5,000. Maria Adams, Credit Cards Moderator. DO This HACK & Get APPROVED For A NAVY FEDERAL Credit Card. Bonus: You can earn rewards with this card. Navy Federal Secured Card Graduation RequirementsThings to Know About the U. Navy Federal Secured Card - Graduation I have a NFCU Secured credit card. Program excludes Navy Federal business and Home Equity Line Visa® Platinum credit cards and Navy Federal Debit Cards. By setting up a secured credit card account, you use a small refundable cash deposit to build your credit history in order to qualify for an unsecured credit card. Your Navy Federal Secured credit card minimum payment is 2% of the balance owed or $20, whichever is greater. Navy Federal Secured Card - Graduation I have a NFCU Secured credit card. The no-annual-fee Navy Federal nRewards Secured card earns rewards and has an upgrade path, if you can swing the membership and security deposit criteria.