- 1 Indigo Platinum Mastercard Credit Card
- 2 Indigo Platinum Mastercard Credit Card review
- 2.1 Features
- 2.2 Great approval rates
- 2.3 Standard credit limit without security guarantee
- 2.4 No timetable to raise credit limit
- 2.5 Average APR and surcharges
- 2.6 Pricey annual fee
- 2.7 No reward program
- 2.8 Why did you get the Indigo Platinum Mastercard?
- 2.9 How to use Indigo Platinum Mastercard
Indigo Platinum Mastercard Credit Card
The Indigo Platinum MasterCard is a fairly simple credit card offering a standard APR and credit limit without a rewards program. Unless you qualify for a lower annual fee, it is probably not worth the cost of ownership.
- Pre-qualification without affecting your credit score
- Previous bankruptcy is ok
- Quick response easy pre-qualification process
- Free online account access (mobile compatible)
- Protection from fraud if your card is lost or stolen
- More than 35 Million Locations worldwide!
- Car Rental Insurance
- Extended Warranty Program
- No annual fees
- Price protection
- Roadside assistance
- Zero Fraud Responsibility
Indigo Platinum Mastercard Credit Card review
Annual Average Membership Cost ($ 3,600 annual expenditure) $ 90
Security Deposit Required None
First Credit Limit 225 – 300 dollars
Access to Higher Credit Limit? Unspecified
APR 23.9% (variable)
The annual fee for the first year is $ 0, $ 59 or $ 75, depending on credibility thereafter $ 99
Other Fees And Fees
Cash advance fee: $ 0 for the first year, 5% after that
Foreign Transaction Fee:% 1
Minimum interest rate: $ .50
Late or refunded payment: up to $ 38
Excessive help: up to $ 38
Suspended APR: 29.9%
Automatic rental insurance, extended warranty, roadside assistance, travel assistance, $ 0 fraud responsibility
If you are trying to improve your excellent credit, the Indigo Platinum MasterCard has a fairly standard APR and credit limit. However, annual fees and unspecified policies to increase your credit line over time are located at the lower end of this card credit card cards.
In general, additional charges are not too bad for an unsecured card. You will not have to pay for the installation or the monthly service fee. However, there is no reward program, so if you qualify for the highest annual rate, the membership cost is much higher than normal.
Great approval rates
The Indigo Platinum MasterCard is specifically designed for people who do not have a perfect credit, and even for those with a previous bankruptcy. If you’re still concerned about qualification, you can check pre-qualification on websites in just a few minutes without affecting your credit score.
If you have a fair credit and are looking forward to improving it, this card is a quick and easy way to start work.
Standard credit limit without security guarantee
Unlike many cards offered to those with bad credit, the Indigo Platinum card does not require any security coverage. Anyone approved for this card will have a $ 225 – $ 300 standard credit limit depending on your annual fee.
If you don’t have the money to deposit a large deposit, the Indigo Platinum card is a good option if you want to get a standard credit limit.
No timetable to raise credit limit
When it comes to increasing your credit line consistently, the Indigo Platinum card leaves much to be desired.
The first credit limit is standard for a $ 300 credit card, but it’s still pretty low when it comes to increasing your credit score. Additionally, the Indigo Platinum card does not specify any timetable for an account review to increase your credit limit. Hence, you obtain the average credit limit immediately without a deposit. However, if you cannot improve your current credit, you may notice that your progress will be blocked after a few months.
Average APR and surcharges
The Indigo Platinum card APR is not something special at 23.9 percent. With a lower APR, such as Wells Fargo Secured Credit Card or USAA® Secure Visa Platinum® Card, you will find many credit creation options. However, many unsecured card APRs have an increase of 24 percent, so this is one half of this option. You will never want to carry a balance to prevent the accumulation of interest payments.
The cash advance fee, delay or return fee and minimum interest fee on this card are also quite standard. They are not particularly high, but you still want to avoid them when possible.
Pricey annual fee
After you apply to the Indigo Platinum MasterCard, you will receive one of three possible annual fees based on your credibility. You’ll get $ 0, $ 59, or $ 99 ($ 75 a year). It is not possible to know what fees will be given before applying, and both middle and top level options are much higher than average.
This card does not seem to justify paying any annual fee on this card, because it costs no and only offers no reward for balancing the average APR and surcharges. If you’re lucky enough to emulate the $ 0 fee, it’s a good credit creation option.
No reward program
Indigo Platinum MasterCard does not include any award program. You’ll get a few extra benefits, including extended warranty and roadside assistance, but the benefits on this card are nothing special.
Why did you get the Indigo Platinum Mastercard?
- You have a fair credit and / or a previous bankruptcy and you need a card with good approval.
- You can qualify for $ 0 annual fee.
- You don’t have the money to make a big deposit, but still want a standard starting credit limit.
How to use Indigo Platinum Mastercard
- Make regular fees and timely payments to start improving your credit score.
- Pay your full monthly balance when possible to avoid compensating for interest payments.
- Take advantage of advantages such as roadside assistance and extended warranty.