Navy Federal Launches Secured Credit Card With Cash-Back for Building Credit

Updated: September 14, 2025, 2:30pm CDT

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Details of the Navy Federal cashRewards Secured Credit Card
Is It Worth It?
Final Thoughts

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Navy Federal Credit Union is a well-known and trusted financial institution, especially among military personnel and their families. It also offers low-interest loans and issues various credit cards that earn cash-back and rewards.

Now, Navy Federal is launching a secured credit card that offers members a simple and rewarding path to developing or rebuilding their credit and generates rewards at a reasonable rate of unlimited 1% cash-back on all purchases.

Let’s look at the details of this credit card.

Details of the Navy Federal cashRewards Secured Credit Card

Navy Federal Credit Union offers many credit cards, including the Navy Federal More Rewards American Express^® Card and the Navy Federal cashRewards Credit Card, which awards 1.5% cash-back on all purchases.

However, the credit union also provides secured credit cards, which are extremely beneficial for people just starting on their credit path or for those looking to improve their credit.

This is exactly what the Navy Federal cashRewards Secured card is designed to do. Navy Federal’s secured credit card, like the Discover it^® Secured and Capital One Platinum Secured Credit CardInformation collected independently. Not reviewed by Capital One., helps cardholders establish credit and allows them to earn 1% cash-back on all transactions as they try to improve their credit.

CashRewards Secured Navy Federal — Image Credit: Navy Federal Credit Union

Beyond the 1.5% cash-back on all purchases for cardholders, the Navy Federal cashRewards Secured card also includes the following features:

No annual fee
No foreign transaction fees
Low interest rate
Deposit as low as $200
Eligible for a credit limit increase in as few as 3 months
Opportunity to graduate to an unsecured cashRewards card in 6 months

Keep in mind that Navy Federal credit cards are available to eligible members, which primarily include military personnel, veterans, Department of Defense employees, and their families.

Is It Worth It?

Secured credit cards serve an important purpose: they assist individuals in repairing their credit and provide a safe pathway for those starting on their credit journey.

The Navy Federal cashRewards Secured card is appealing for those seeking a secured credit card, as it allows cardholders to earn cash-back while simultaneously building or repairing their credit.

However, Navy Federal Credit Union cards are often only available to members, with membership primarily restricted to military personnel and their families. If you do not have a direct military tie, you may still be eligible for a Navy Federal credit card if someone in your family is a member and can sponsor your membership.

Hot Tip:

If you seek a secured credit card and lack military affiliation, there’s no need to worry. There are secured credit cards for bad credit that you may qualify for without the need for a membership.

Final Thoughts

Navy Federal Credit Union, a reputable financial institution serving servicemen, servicewomen, and their families, has just launched the Navy Federal cashRewards Secured card. The card assists individuals in their credit journey and offers 1.5% cash-back on all purchases, making it an excellent choice for those seeking a secured credit card while simultaneously earning rewards.