Secured MasterCard Credit Card

Secured credit card is a credit card that is entirely funded by your money. It's secured because your money establishes your credit limits. You set your own credit limit, by making an equivalent deposit if you want to increase your credit limit, you can make additional deposits. A secured credit card's primary purpose is to help members learn good credit habits and establish or re-build a favorable credit history so if you have had problems getting approved for a credit card because of a lack of credit history or past credit problems, Chicago Municipal’s Secured MasterCard could be the solution for you.

With credit lines secured by your savings account in amounts from $250 plus, these cards can be used just as you would any credit card at over 10 million establishments worldwide and also you can make purchases online, over the phone, reserve hotel rooms and rental cars; and get cash at hundreds of thousands of ATMs nationwide.

You will have to deposit $250 into your share account. This acts as the deposit on your Secured Master credit card, and the money you deposit will be the same as your line of credit because it serves as credit union’s security against any missed payments. You can deposit as much as you like. Just like a regular savings account, you will earn interest on your deposit. And finally as you make your monthly payments on time, we make favorable reports to Trans Union credit bureau, helping you to build a good credit record.

  • Credit report for verification purposes only
  • Approved regardless of credit histort
  • Secured Credit Limit
  • Get cash at over 740,000 ATM's
  • Accepted wherever Mastercard is accepted

Please take the time to read the disclosures carefully. You can apply personally or you can print and fax the credit card application from our web site in the downloadable forms section or apply online. All of our credit cards have $25 annual fees except the platinum.

Note: If there is a co-applicant, he or she should also sign the application.

Should you have any questions, please contact the Chicago Municipal Employees Credit Union at 312-236-2326.