Is The Indigo Platinum Mastercard Worth It
This question has a tricky answer to it, and it all depends on your personal preference.
This card can give you a good starting point if youre looking to rebuild or start out on your new credit journey.
It will limit you to $300 and will potentially help you stick to a tight budget. If that number doesnt look good and you think youll go over your limit, this may not be the card for you to build credit with.
It Can Help You Build Credit
The Indigo Platinum Mastercard reports to all three major credit bureaus: TransUnion, Equifax and Experian. That’s ideal for someone trying to build credit because these;bureaus;collect the information used to calculate your credit scores.
Payment history is a key factor in those scores. As long as you stay on track with payments, you can qualify for better;credit cards in the future.
How To Build Credit With The Indigo Platinum Mastercard
Building credit with the Indigo Platinum Mastercard starts with paying on time. Payment history makes up 35% of your credit score, so be sure to pay at least the minimum due every month. Over time, youll build up positive payment history that will signal to future lenders that you can pay back what you owe. Of course, you should ideally pay more than the minimum due.
While paying just the minimum is enough to help your payment history , paying only the minimum means youll be charged interest on your remain balance. If youre not careful, you could quickly end up with a ton of debt. If you cant pay it back and have to file bankruptcy, your credit will be in an even worse place than when you started.
The other major factor to consider when trying to build credit with the Indigo Platinum Mastercard is your . Credit utilization is the amount of money youve borrowed compared to the amount available for you to borrow . If, for example, you had a total credit limit of $2,000 and you owed $100, youd have a credit utiliziation of 5%. One decent rule of thumb is that you should try to keep your credit utilization below 30%, but, really, the lower the better.
You can use free credit-tracking tools like Discovers to keep an eye on your FICO score. Once you build up a better score by paying on time and keeping your utilization low, you may be able to qualify for a higher credit limit and a more lucrative credit card.
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What Should I Know Before I Check For Prequalification
Before filling out the prequalification form for the Indigo® Platinum Mastercard® Credit Card, read the cards terms and conditions. If youve decided on the card, make sure youre eligible and that you have the required information on-hand:
- Be at least 18 years old
- Be at least 19 years old if you live in Alabama
Required documents and information
- Full name and personal contact information
- Email address and phone number
- Social Security number and date of birth
- In some cases, bank account information, employment details and annual income
What credit score do I need?
Celtic Bank offers the product to those with less than perfect credit. The higher your credit score, the more likely youll prequalify.
Can Help You Build Credit
The Indigo Credit Card reports account information to all three of the major credit bureaus each month. As long as this information reflects on-time payments and reasonable credit utilization, it will improve your credit score. That should be one of your main objectives with this type of credit card.
You can keep tabs on your credit score with WalletHubs free daily credit score updates.
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Indigocard Login Portable Access
Discover the full broadness and depth of the IndigoCard range in all levels on mobile devices or scan the barcode of a stock in-store, buy it immediately from the app. The barcode scanning feature also gives comfortable access to reviews, ratings, availability, and in-store acquisitions.
Mobile or the portal device users of the IndigoCard Login portal can extend and combine their gift arrangements along with availing targeted offers. Moreover, they can even adjust marketing presentations, and specific references to integrate their budget to the earlier affordable and ideally planned ranges and considerations.
In extension to hassle-free mobile shopping with the IndigoCard Login site online services, the official IndigoCard mobile app allows all the registered clients to access their dedication and membership recompenses.
Clients can comfortably enroll in the IndigoCard Login portal and get rewards programs, while current members take advantage of their Plum Rewards membership and have ready access to their rewards account, inclusive of scanning their card to the point.
With Indigo Card, campaigning to secure their 6 million award-winning members gets even more, the Indigo Card mobile app provides a way to quickly connect, get appropriate referrals, and check out the relevant updates. Users can even check the point redemption level updates or the number of points needed to advance to the succeeding level at www.indigocard.com.
Fast And Easy Application Process
Many credit cards feature a grueling and time-consuming application process, but the Indigo Platinum Mastercard is one of the easiest cards to get. Have all your basic information ready and you can finish the entire process online in around a minute. As long as you are 18 years old and have a valid social security number plus a US physical and IP address, you can apply and get started.
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Indigo Credit Card Review Summary
The Indigo® Mastercard® for Less than Perfect Credit card is a good credit card for people with bad credit who need to borrow around $300 without putting down a security deposit. The Indigo Cards annual fee of $0 – $99 and high APR are only worth paying when youre faced with emergency expenses and few other credit card options. And most unsecured credit cards for people with poor credit are more expensive than the Indigo Card.
On the other hand, applying for the Indigo Credit Card is not the best option if credit improvement is your main priority. Secured cards are cheaper for that purpose. The Indigo Card does not have rewards, either, so its not right for people who pay their balance in full every month.
Simply having a bad credit score is not an issue, however. The Indigo Card was built for people with damaged credit.
- Pre-qualify for a card today and it will not impact your credit score.
- Less than perfect credit is okay
- Mobile account access at any time
- Fraud protection for stolen or lost cards
- Account history is reported to the three major credit bureaus in the U.S.
Indigo Platinum Mastercard Rates & Fees
Nobody likes paying fees, but it is part of life. You can find other credit cards that dont charge fees, but theyre generally reserved for individuals with excellent credit. Thats a goal to strive for, and by using low credit cards like the Indigo Platinum Mastercard, you can establish your credit so that you can one day be approved for more lucrative cards without these fees. In the meantime, heres what youre looking at in terms of rates and fees for the Indigo Platinum Mastercard:
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But The Low Credit Limit Is A Pain
The credit limit goes only as high as $300, and possibly lower due to fees. For an account that charges a $59 annual fee, for example, your credit limit might initially be $241 because the issuer assesses setup and maintenance fees.
This;low credit limit makes it easy to run a high credit utilization, which can hurt your credit even as youre working to improve it. Its not worth paying a high annual fee for a credit limit thats floor-low.
With poor credit, you again might be better off with a secured credit card, where the;credit limit is generally as high as the amount you can deposit.
The Secured Mastercard® from Capital One;may offer an exception. This card starts you off with a credit limit of $200 for a deposit of $49, $99 or $200. You can also get access to a higher credit line in as little as six months of paying on time. And whatever amount you deposit, youll eventually get back if you maintain a good payment history. And it doesn’t have the high annual fee of the Indigo card.
Standard Credit Limit With No Security Deposit
Unlike many cards available to those with bad to fair credit, the Indigo Platinum card does not require any sort of security deposit. Everyone who is approved for this card will receive a standard credit limit of $225-$300, depending on your annual fee.
The Indigo Platinum card is a good option if you dont have the funds to put down a large deposit, but want a standard credit limit right away.
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Heres How You Can Make An Indigo Credit Card Payment: Read Full Answer
- Online: Sign into your Indigo online account and navigate to the Bill Pay tab. Enter the routing and account numbers for your bank account and select the amount you want to pay and the date you want the payment to be made. Submit your payment by 5pm, Pacific Time to ensure its credited the same day. Payments made after 5pm will be credited on the next calendar date.
- You can also make a payment over the phone, by calling Indigo Credit Card customer service at . You will be asked to enter your account number before they connect you to a representative.
- Alternatively, you can send your check or money order through the mail. The address is:
Genesis FS Card Services
You cannot get an Indigo Credit Card credit limit increase, unfortunately. The credit limit that you are assigned upon approval cannot be increased.
Many credit cards do provide the option to request credit limit increases or offer them automatically to select cardholders who meet certain eligibility criteria. Keeping your account in good standing, paying your credit card bills in full and on time, while making sure your income information is updated will definitely help your odds of being approved for a credit limit increase.read full answer
Taking A Closer Look At Indigo Platinum Mastercard
One way to build credit is to take out a secured credit card like the Discover it® Secured. Another way to start building your credit is to use a low credit score card that offers you the opportunity for easy approval and credit building leverage. The Indigo Platinum Mastercard is exactly that type of credit card, and if you are struggling with a low credit score, this is the review you should be reading.
Quick, Easy Application Process
Application for this card is fast and easy. In fact, thats one of its strong points. The online application form is a few simple questions. Have your information ready , and you can be done in about a minute. As long as youre 18 years of age or older and have not submitted a pre-qualification request with Indigo in the last 60 days, you can submit a request for the Indigo Platinum Mastercard. Once you apply, you can receive a response in as little as a minute.
Before youre approved for the Indigo Platinum Mastercard, you can run a pre-qualification application. This tells you whether or not youre likely to be approved for the card. Why would you do this instead of proceeding straight to the application process? Its all about the pull. Lets explain.
The beauty of pre-qualification is that it shows you whether or not you are likely to be approved for the credit card without pulling your credit, thus keeping your credit score status quo.
No Security Deposit
Have Some Fun!
Does Indigo Credit Card Give Credit Increases
doincreaseHow can I pay my Indigo Credit Card?
Indigo Platinum Mastercard Vs Upgrade Visa Card
The Upgrade Visa® Card is yet another choice for those with low credit scores or no credit.
Unlike the Indigo® Platinum Mastercard®, this credit card has absolutely no annual fee and a different APR range from 8.99% to 29.99% depending on your past credit history.
As a borrower, youll be able to earn 1.5% unlimited cash back on purchases every time you make a payment.
Lets not forget about the $0 activation fee and $0 maintenance fee yearly.
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No Specified Timeline To Increase Credit Limit
When it comes to steadily increasing your credit limit, the Indigo Platinum card leaves much to be desired.
The initial credit limit of $300 is standard for a credit building card, but is still pretty low when it comes to boosting your credit score. Plus, the Indigo Platinum card does not specify any timeline for an account review to increase your credit limit. So while youll get the average credit limit right away without a deposit, you might find your progress inhibited a few months down the line when you cant improve your available credit.
What Credit Scores Do You Need For The Indigo Platinum Mastercard
The Indigo Platinum Mastercard is designed for people with poor credit.
If your FICO score falls within 300579, or 300649 for VantageScore, youll be considered to have poor credit.
However, these are more like guidelines, which means even if you have higher credit scores you may not be approved. Other factors are taken into account for credit applications, like income.
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Indigo Platinum Credit Card Offer
- Apply for an Indigo Platinum MasterCard which is ideal for consumers with less than perfect credit
- MyIndigoCard.com is operated by;Genesis FS Card Service
- The Indigo Platinum Mastercard is issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC
- The;Indigo Platinum MasterCard for purchases and cash advances anywhere you see the MasterCard logo, at over 33 million locations in 210 countries
- This is a must apply for credit card for those with bad credit and having trouble being approved for a more traditional credit card
- If the card is ever lost or stolen please dial;1-888-260-4532
- Please keep in mind that the Indigo card accounts available credit may not reflect a payment for up to 14 days to allow verification of funds
The Indigo Platinum Credit Card is available to legal residents of the United States who are 18 years of age or older.; This card is designed for consumers with less than perfect credit looking to rebuild their credit score by making on time payments.
In order to apply for the card simply visit;indigocard.com/get-your-platinum-card and provide the required information.; To apply the applicant will have to provide their first and last name, address, date of birth , a valid email address, and a phone number.
Indigo Card Login App
Searching for indigo card login app? Use official links below to sign-in to your account.
If there are any problems with indigo card login app, check if password and username is written correctly. Also, you can contact with customer support and ask them for help. If you don’t remember you personal data, use button “Forgot Password”. If you don’t have an account yet, please create a new one by clicking sign up button/link.
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How Do I Apply For The Indigo Platinum Mastercard
To apply now for the Indigo Platinum Mastercard, simply . Youll be directed to the credit card issuers website where you can securely input all of the required information.
You can check your pre-qualification status before applying, therefore avoiding a hard check on your credit if you wont be approved.
Low Credit Score Requirements
Speaking of which, the Indigo Platinum Mastercard is interesting in that it comes with lower credit score requirements than most of its counterparts, which should prove useful information to those who might have had some credit problems in the not so distant past. In fact, the issuers website outright states that it is willing to consider all of the credit histories out there, which is rather interesting to say the least.
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Indigo Platinum Mastercard Vs Milestone Gold Mastercard
The Platinum plastic and the Gold plastic mustve fused together. These two cards are almost identical, save the shiny multiple card design options of the Indigo Platinum. With similarly high interest rates, both cards lack rewards or low intro APR and the three-tier depends-on-creditworthiness annual fee system, the only substantive difference with the Indigo Platinum card is the $0 annual fee offering on its best tier. The lowest annual fee available with the Milestone Gold is $35. Both cards are a pass wherever possible.
What Bank Does Indigo Credit Card Use
Likewise, what is the credit limit for Indigo credit card? $300
Regarding this, is Indigo credit card legit?
While it can’t compete with the best rewards cards in terms of perks, Indigo® Platinum Mastercard® may be the best starter card on the market. It offers a great way to build up your if you don’t want to put up a cash deposit for a secured card.
How can I pay my Indigo credit card?
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