If you’re going to pay an annual fee, you might as well try and extract as much benefit as possible.
You’ll get 1% back on all purchases, however, it does charge an annual fee of $39. For a similarly structured card with some sort of reward benefit, consider the Credit One Bank® Platinum Visa Card. Unfortunately, this card comes with neither. Many cardholders seek some type of welcome offer or rewards program with their credit cards. There are a handful of other fees, including late penalty fees, overlimit fees and returned payment fees to be mindful of, but those can be easily avoided as long as you pay your bill on time and keep to the terms of your credit card.
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Your best bet is to pay your balance off in full by either utilizing the website, pay by phone or mailing your check payment early in case of slow processing times. On top of all this, it carries a high 24.9% APR, which can be costly if carrying a balance month-to-month. Combine this with an initial credit limit of $300, and you might receive the card with only 75% of your credit limit available to start. For some new cardholders, the initial annual fee could be as much as $75, increasing to $99 in the years following. The Indigo Mastercard comes with a slew of fees, depending on your offer. It would also be imperative to maintain a low balance as credit utilization is a factor in your credit score. By making regular and on-time payments, this card serves as a springboard for building credit and demonstrating good financial responsibility. It Can Help Build CreditĪs a card that reports to the three major credit bureaus (TransUnion, Equifax and Experian), it can lead to an improvement or establishment of credit.
For rebuilding or establishing credit, this may not be a big deal but could make big-ticket purchases difficult. If approved, the credit limit is set at $300, but fortunately does not require a security deposit. If you wish to move forward, you would have to complete a full credit application with a credit check. Pre-qualifying also doesn’t affect your credit score. Even those with bankruptcies may be approved for this card. The Indigo® Mastercard® * offers a pre-qualification tool to let you know quickly if an approval is likely. While this card has its niche in the market, there are other cards you may want to consider.įor a quick guide, here are five things you need to know about the Indigo Mastercard, issued by Celtic Bank (Serviced by Genesis FS Card Services). With 24/7 fraud prevention and online account management, your financial information is safe.The Indigo® Mastercard® * is a no-frills credit card targeted toward those with less-than-perfect credit. The card reports monthly to all three main credit agencies, improving your creditworthiness. Indigo Credit Cards start at $300 and escalate depending on payment history. Applying for an Indigo Credit Card now may be a sensible decision if you're beginning or renewing financial habits! Indigo credit card aids credit-builders. Its cashback rewards programs and major credit bureau updates make it a popular option. In conclusion, Indigo Credit Card offers clients a flexible payment choice while developing credit. This reward program enhances Indigo Credit Card ownership, which has no annual cost. Redeem these points for statement credits, gift cards, or popular merchant products. Indigo Credit Card also offers cashback rewards programs for groceries, petrol, eating out, and other purchases. Making regular payments might progressively improve your credit limit and qualify you for higher interest rates. This feature helps users gain or rebuild credit over time. Indigo Credit Card reports to all three main credit agencies periodically, another benefit. This card has an easy application procedure, so you may be accepted fast and start using it. For cashback benefits and credit score improvement, Indigo Credit Card is a great choice.
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