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Is Indigo Credit Card Good

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Best Air Miles Credit Card

Indigo Credit Card Review – Is Indigo Mastercard a good unsecured credit card for bad credit?

If youâre an avid Air Miles collector, you can rack up significantly more rewards with the BMO Air Miles World Elite in your wallet and get some premium travel perks to boot. The card offers a lucrative 0.083 Miles per dollar, triple the miles when shopping at Air Miles partner stores , and over a dozen types of insurance.

The Air Miles World Elite also includes a sign-up bonus for new cardholders that includes a first year annual fee waiver and up to 3,000 bonus miles: 1,000 Miles after making your first purchase on the card and another potential 2,000 Miles if you hit a minimum spend of $3,000 within your first three months of activating your account.

Why we like it:

When shopping at Air Miles Partners , you can rack up triple the Miles by paying with this credit card and showing your Air Miles Collector Card at the same time. The Air Miles World Elite also offers arguably the best insurance of any other Air Miles credit card period, with up to $2 million in out of province medical insurance along with personal effects coverage . Last but not least, the sign-up bonus is enough to let you book up to two short-haul flights within North America.

Additional perks:

Cardholders get a 15% discount on flights booked using Miles within North America.

How To Get The Most Out Of This Card

If approved, once you begin using the card, your credit activity will be reported to the three credit bureaus. This reporting is critical, since consistent positive behavior will lay the foundation for building your credit score.

The best way to improve your credit with this card is to make small, regular purchases so you keep the card active and build up a positive payment history. Try keeping your total balance below $100less than $50 is even betterso youre never using more than 30% of your available credit.

Most importantly, pay your entire balance on time each month, and in full if you can. The amount of credit you use and your payment history are the two most impactful components of your credit score.

Reports To All Three Credit Bureaus

When you apply for a loan lenders check your credit report with one of the three main credit bureaus:

  • Experian
  • Equifax
  • TransUnion

The Indigo Platinum Mastercard reports your card usage to all three bureaus, meaning potential lenders will see your improving score regardless of the credit bureau they check.

Also Check: Td Bank Gift Card Activation Code

There Are Some Side Benefits

The Indigo Platinum Mastercard offers Mastercard benefits, which include extended warranty coverage and travel assistance services, among others.

And as a Mastercard, its travel-friendly and widely accepted abroad. It also has a low 1% foreign transaction fee, although you can find some cards that dont charge this fee at all.

Check out NerdWallet’s roundup of top rated credit cards for more information.

The New Kotak Indigo Ka Platinum MasterCard  Apply, Login or ...

The new credit cards, just like the HDFC Bank co-branded credit cards, have been branded as Ka-ching, going after the sound of the money. The cards will be offered in two variants, 6E Rewards and 6E Rewards XL. Customers will be able to avail of complimentary Air Tickets on activation for an amount of INR 1,500 or INR 3000, depending on the variant. The credit cards will allow customers to accrue accelerated 6E Rewards on IndiGo transactions. They can also earn an additional 15-20% 6E Rewards on dining, shopping, transport, and medical spending with Featured Partners.

Furthermore, customers will have access to other benefits, including priority check-in, choice of seats, and a complimentary meal.The Ka-ching card will also offer travel and lifestyle benefits. This includes lounge access and the freedom to play golf in some of the top golf courses in India.

Lets have a look at the two variants. The 6E Rewards card, the entry-level card, will have the following features.

  • 1 Complimentary Air Ticket worth INR 1,500 on activation
  • One 6E Prime Add-on
  • 3% 6E Rewards on IndiGo transactions
  • 2% 6E Rewards on dining, entertainment and grocery transactions
  • 1% 6E Rewards on all other non-IndiGo purchases
  • Up to 15% 6E Rewards on Feature Partner transactions
  • A discounted convenience fee of INR 150 per passenger per segment

The 6E Rewards XL card, which is the higher-end version of the product, is even more power-packed and has a much higher reward on spending:

Read Also: Refer A Friend Southwest Credit Card

Know What You’re Looking For

Everyone has different needs when it comes to credit cards. For frequent travellers, a credit card with a travel points system can help them save money on flights and accommodations. For those who use their card for everyday items like gas and groceries, a category-specific cash back card with a great earn rate can make their lives much easier.

Think about your spending habits and what you ultimately want this card to do for you. It may even help to make a short list of your must-haves all the way down to the “would be nice, but not essential” type of features. This will help you choose a card that’s right for you.

Indigo Platinum Mastercard Overview

The Indigo® Platinum Mastercard® provides a good option for those who have bad credit or no credit history. It can significantly help students and people who need a since it does not require a credit check for prequalification. Using this card allows you to build or rebuild low credit as long as you make regular payments.

However, note that you may be charged an annual fee based on your creditworthiness. Additionally, the Indigo Platinum Mastercard has a high APR of 24.90 percent, and it carries a credit limit of $300. Nevertheless, it is one of the best credit cards to help you build good credit.

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What Credit Score Is Needed To Get The Indigo Card

Indigo doesnt publicize which credit scoring model it uses when determining credit card eligibility, or the score it requires for approval. With that in mind, most lenders today use one of the several FICO scoring models to capture your most accurate credit score.

Some online reviews show that several applicants who have credit scores in the low 600s or high 500s still received approval.

I got approved for this card and First Progress. I will get a secured credit card from CITI in about 6 months and close one of these cards. Eventually, I want an AMEX or Chase Credit Card since I will be traveling a lot for work. Anway, my score is around 580 right now. Time to get this credit together. MyFICO Community Reviewer

To put that number in perspective, FICO scores range from between 300 and 850. Any credit score below 580 is considered poor.

Many consumers are still approved despite having a credit score that falls well into the poor range. Other consumers report receiving credit card application approval just one month after completing Chapter 7 bankruptcy proceedings.

Indigo very clearly states that it often accepts applicants who receive rejections elsewhere. And since you can attempt to prequalify for the card without harming your credit score, you can get a good idea of your approval chances without taking on a hard inquiry or other potentially credit-damaging data.

What Do You Need To Know About The Indigo Platinum Mastercard

Review of Indigo Credit card and benefits discussed

Reviews on the Indigo Platinum Mastercard can tell you all you need to know about this type of credit card. In this section, youll learn a bit about Indigo Platinum and what it offers.

  • Card type

There are many types of cards you can get, such as student cards, rewards cards, business cards, and more. The Indigo Platinum Mastercard is an unsecured credit card which means you dont need a deposit to open up the account.

  • Annual fee

The Indigo Platinum Mastercard has no annual fee for qualified customers. This gives you one of the affordable means to fix your credit without extra fees.

  • Sign-up bonus

One downside that we found in Indigo credit card reviews is that this company doesnt offer sign-up bonuses to cardholders. If you are specifically looking for , here is a list of the 10 best.

  • Rewards

The Indigo Platinum Mastercard doesnt offer rewards. Its simply a card that helps you build a positive credit history.

  • Redemption

Since Indigo Platinum has no cashback rewards, it wont offer you redemption on bonuses or reward points.

  • Terms

Before you choose to use the Indigo Platinum Mastercard you must first understand its terms. Your purchase . Additionally, there are balance transfer fees but overall it has favorable terms.

  • Foreign transaction fees

With the Indigo Platinum Mastercard, you get low foreign transaction fees of 1%. You can read about other transaction fees further down in our Indigo platinum credit card review.

  • Balance transfer fee
  • Low credit limit

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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 Capital One Platinum Secured Credit Card 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.

» MORE: Can’t get a credit card? Try these alternative options

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.

Also Check: Best Buy Credit Card Payment App

How To Apply For Hdfc 6e Rewards Indigo Credit Card

Applying for an HDFC 6E Rewards Indigo Credit Card is quick and simple. Once you have evaluated the different HDFC Bank and decided on the one for yourself, it is time to apply for the same. Please note that HDFC Bank credit cards, including the HDFC Bank 6E Rewards IndiGo Credit Card, are not available on the Finserv MARKETS website. However, if you wish to get the best HDFC Bank online, you can apply via the banks official website.

Why Should I Get A Credit Card

Indigo Card Payment

Owning even one credit card responsibly helps build credit and increase your credit score over time, signalling to potential lenders that you are reliable and trustworthy. Credit is important for major purchases such as cars and homes. Credit cards can also earn you money on purchases and offer added bonuses such as travel points and insurance.

Read Also: Cabelas Mastercard Sign In

Best Rewards Card For Everyday Spending

The American Express Cobalt retains its spot as one of the best credit cards in Canada for four years running thanks to its wide variety of bonus categories. Youâll earn five times the Membership Rewards points on groceries, restaurants, bars, cafés, and food deliveries, double the points per dollar on flights, hotel stays, public transportation, taxis and rideshares, 3 times the points on eligible streaming subscriptions in Canada, and one point per dollar on everything else.

The cardâs annual fee is $155.88, but charged at a more manageable $12.99 a month. As a new cardholder, you can also get 2,500 bonus points each month you spend at least $500 for your entire first year – up to a total of 30,000 points. Plus, you can earn a Welcome Bonus of 20,000 Membership Rewards points when you spend a total of $3,000 in purchases on your Card in your first 3 months of Cardmembership.

Why we like it:

Along with the cardâs strong everyday earn rate and welcome bonus, the American Express Cobalt stands out for its flexible travel redemption options.

Another great feature: it doesnât cost extra to add authorized users, so you wonât have to shell out an additional $30 to $50 in annual fees just to share the account with a loved one.

Travel insurance benefits:

Additional perks:

Through American Express Invites, cardholders get access to ticket presales and reserved seats for concerts, movie screenings, and culinary events, along with other special offers.

Best Credit Card For Bad/rebuilding Credit

  • 19.99% interest rate on purchases
  • Not available to residents of Quebec

Do you have a less than stellar credit score thatâs making it difficult for you to get approved for new credit or loans? Maybe itâs because you were irresponsible with credit in the past, youâre new to Canada, or you hit a financial rough patch and had to go through a bankruptcy or consumer proposal. Whatever the reason, the Home Trust Secured Visa can help rebuild your credit.

The card has virtually no application requirements and youâre basically guaranteed to be approved. All your payment activity is reported to the credit bureaus, so when you use the card responsibly and make payments on time, you can gradually rebuild your credit score and get lenders to trust you with credit and borrowed money.

Like all secured credit cards, you must provide a deposit as collateral that will be equal to the size of your credit limit. You can provide a deposit of as little as $500 all the way up to $10,000. Your deposit will be reimbursed in full when you close your account, provided you donât owe any balance of course. The card doesnât have an annual fee and carries a standard interest rate of 19.99% . If you donât use the card at least once for a consecutive 365 day period, you will have to pay a $10 inactivity fee.

Why we like it:

Also Check: Best Buy Citi Bank Card

Things To Know About The Indigo Platinum Mastercard

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list ofour partnersandhere’s how we make money.

The Indigo Platinum Mastercard is an option “for those with less than perfect credit, as the cards website states but it may not be an ideal one.

The card, issued by Utah-based Celtic Bank, comes in a variety of different colors and designs, but dont let that distract you from its potentially high fees. It offers a costly pathway toward building credit. Even for those with poor credit, better options exist.

Heres what you need to know about this card.

» MORE: NerdWallets best credit cards for bad credit

How To Use The Indigo Platinum Mastercard

(2021) Indigo Mastercard Review // Platinum Credit Card for bad credit score

Because the Indigo Platinum Mastercard doesnt offer any rewards and your credit limit is just $300, you should use this credit card for the sole purpose of improving your credit score. Only make purchases you can afford to pay off when your statement is due, and pay your bill on time to avoid up to $40 in late fees and a penalty APR up to 29.9%.

Also Check: Td Bank Visa Gift Card Balance Check

Other Indigo Mastercard Features

Besides helping cardholders rebuild their credit, the Indigo Mastercard is sure to please with 24/7 mobile account access and an additional layer of fraud protection via chip card technology.

Online Account Monitoring and Management

Monitoring account activity is easy thanks to the Indigo Account Management site accessible from any mobile device, desktop, or tablet. This convenient app makes it simple to pay balances on time and begin improving ones financial status.

Design Your Own Card

Once approved, you can choose your own card design at no additional charge so you can personalize your Indigo card. Moreover, this will let your personality show whenever you use your card to make a purchase.

Here are a few examples of the Indigo credit card designs you can select from:

Excellent Customer Service

Add to this a true commitment to customer service , with dedicated resources to help cardholders navigate the often confusing world of building credit, and this card offer is hard to pass up for anyone looking to repair their financial history. Cardholders also get extended warranty protection and other benefits of Mastercard credit cards.

Making payments with the Indigo Card is also straightforward. Simply visit the Indigo card website , use your credit card details to login to your indigo account, and either pay your bill or sign up for automatic bill pay options.

Other Benefits

  • Regular reporting to credit bureaus of on-time payments / payment history

Indigo Platinum Mastercard Customer Reviews

There are many Indigo Platinum credit card reviewsonline and customers seem to like most about the card is that its easy to get approved for and the low foreign transaction fees.

One of the biggest complaints that customers have is that they dont receive their paper bills and other customers complained about the high APR. However, youll know exactly what youre paying for when you read the companys Terms and Conditions.

Also Check: Who Accepts Autopass Credit Card

Eligibility Criteria Of The 6e Rewards Indigo Hdfc Bank Credit Card

  • For all salaried employees, you should be a minimum of 21 years and a maximum of 60 years old. Your net monthly income has to be more than Rs.20,000
  • For all self-employed people, you should be a minimum of 21 years and a maximum of 65 years old. Your net monthly income has to be more than Rs.6 lakh per year.

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