Credit Cards

What Bank Does Indigo Credit Card Use

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 2 minute read

Consider the yearly fees before deciding whether or not to apply for this card. Getting an unsecured credit card might be challenging when you’re trying to create or improve a credit history. Assuming you’ve already established yourself as a responsible borrower and have a credit rating of at least 700, it will be difficult for you to obtain credit.

In the absence of unsecured credit cards that will accept a consumer with weak credit, secured cards are a viable choice. The Indigo Platinum Mastercard, on the other hand, has a substantially higher acceptance rate for folks who may not normally be eligible for an unsecured card. A closer look at what it takes to possess the Indigo Platinum MasterCard is provided in our review.

Who should be the recipient of this card?

If you have a poor or fair credit score and have had difficulty being approved for other unsecured credit cards, the Indigo Platinum MasterCard may be your best option. They may be able to get a loan despite having a history of bankruptcy and other bad marks on their credit.

Even though secured credit cards are often superior options for establishing or restoring credit, deposit restrictions and your credit limit are limited to the amount you deposit. The Indigo Platinum MasterCard may be a good option for you if you don’t want to have to pay for your credit card up front.

Top perks of the card

  • Depending on your creditworthiness, you may be eligible for a $0 annual charge on the Indigo Platinum MasterCard. If approved, you might be charged $99 each year ($75 for the first year), $59 per year, or nothing at all. Getting a $0 charge is easier if you have good credit.
  • Benefits of Mastercard can be accessed. There are a few Mastercard features on the Indigo card, including Mastercard ID Theft Protection, Mastercard Global Service for lost or stolen cards, and Mastercard Airport Concierge for 15% discounts on airport meet-and-greet services.
  • Prequalification for the credit card. Your credit score might be severely impacted by hard queries on your credit report. Prior to processing an application, Indigo expects all candidates to meet their pre-qualification requirements. You’ll be prompted to provide contact information and a Social Security number as part of the registration process. You can proceed to a full application after receiving a decision in seconds. To help you decide whether or not to apply for a credit card, the card’s annual fee, interest rate, and other details are shown to you.
  • Notifies three main credit reporting agencies. If you pay on time, this card will report to all three major credit bureaus: Experian, Equifax, and TransUnion. As a result, the card’s use will have an impact on all three of your scores. To raise your credit ratings, you’ll need patience, good spending habits, and a commitment to making your payments on time.
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