Apply for indigo master card1/17/2024 The biggest improvement would be standardizing fees and rewards features so that all customers get the same. Another benefit is that credit reporting is sent to all three credit bureaus monthly, helping you build your credit score for future credit applications, assuming you use the card responsibly. Most credit cards, including the Indigo Platinum Mastercard, also include a 0% fraud protection benefit, so you don’t have to pay for credit card charges that you or an authorized user did not make. They include the ability to manage your cash flow and delay paying for certain purchases interest-free if you pay your credit card bill in full by the monthly due date. The biggest benefits are those available to users of all credit cards. The card doesn’t come with a robust set of purchase protections or travel insurance. Again, you won’t know which terms you will be offered unless you apply. Unfortunately, the card doesn’t offer the same rewards program to all customers. Rewards are automatically redeemed monthly as a statement credit, which lowers your credit card balance. In the best case, you can earn 1% on purchases at eligible restaurants, gas stations, grocery stores, and mobile phone services. However, that benefit is only available to those qualifying for the higher-end version of the Indigo card. It is possible to earn cash back on qualifying purchases. Keep these limits in mind, as using more than around 30% of your credit limit can harm your credit score. With the first-year annual fee of $75 for the lowest-tier version, your initial available credit would be just $225. However, cardholders with lower credit limits may find themselves only able to access a portion of their credit initially. The Indigo Platinum Mastercard has 40 different cardholder agreements, so you don’t know your rates and fees unless you apply.Ĭredit limits range from $300 to $2,000. Annual fees range from $0 with better credit to $99 for those with worse credit. The annual fee varies depending on your credit history. You’ll also pay either $5 or 5%, whichever is higher, on each cash advance transaction up to a maximum of $100 and be charged 1% on foreign transactions, though these fees can be avoided. The card carries a high annual percentage rate (APR) of 29.9%. This won’t impact your credit score and will reveal certain terms, including the annual fee you’d pay. You can find out instantly if you qualify with a pre-qualification application. The Indigo Platinum Mastercard is best for someone with less than good credit looking for a traditional credit card that doesn’t require a security deposit. Who is the Indigo Platinum Mastercard for? If you have the funds for a secured credit card deposit, a no-annual-fee secured rewards credit card could be a better option. However, high fees and interest rates could make it a poor choice for someone who qualifies for other credit cards. The Indigo Platinum Mastercard is a traditional credit card available to applicants with bad credit. Here’s a closer look at how the Indigo Platinum Mastercard works so you can decide if it’s the right fit for you. However, low credit limits and potentially high fees make it a poor choice for anyone with good credit or who can qualify for a card with no annual fee and a lower interest rate. If you don’t want a secured credit card and want to build credit, this traditional card may be a reasonable choice. The Indigo Platinum Mastercard is a credit card for people with a spotty credit history looking to rebuild their credit score.
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