Indigo Platinum MasterCard Review: Pick the Best Credit Card for You

Celtic Bank issues you the Indigo® Platinum Mastercard®, It is the most suitable option for those hoping to build or rebuild credit and who can qualify for the version that does not charge you any annual fee. For some clients, this card is not suitable for everyday spending, as the limit for the card is $300 however, for those who are trying to improve their credit scores this is the best in class as it charges the foreign transaction fee of 1% per transaction in U.S. dollars. For complete knowledge go ahead to know about Indigo Platinum Mastercard Review.

In case if you as of now have built up credit and are searching for rewards, there are in all likelihood better alternatives accessible.

ProsCons
Without any damage to your credit score you are pre-qualified.The credit limit given is of $300 max, excluding the fees.
All the three major credit bureaus take reports.The annual fee is high.
The foreign transaction fee is as low as 1%.The regular APR charged is high.

Highlights

  • Without affecting your credit score the option for pre-qualification is available.
  • The Previous bankruptcy OK.
  • The pre-qualification process is easy with fast response.
  • The online account access is free as it is mob friendly.
  • In case your card is lost or stolen the fraud coverage is available.
  • Over 35 Million locations in the world accept this card.

Introduction

There are numerous alternatives including prepaid debit cards, secured credit cards, and unsecured credit cards for those with problematic credit hoping to improve their score, pay bills, or make online purchases. Huge numbers of these come stacked with charges. Conversely, the Indigo Platinum MasterCard is a refreshingly simple card with no purchase fees.

For qualified applicants the Indigo Platinum MasterCard is a credit card that offers rendition without any annual fee, a 1% foreign transaction fee of each transaction in U.S. dollars, a credit line of 300..

It is a Platinum Mastercard, which offers a liability of $0 for unauthorized transactions and provide an access to Mastercard Global Services and Platinum Mastercard Rewards and Experiences.

Generally, this card is implied for those hoping to build up or re-build credit. For the individuals who fit the bill for the version without any annual fee, it is a sensible choice.

At a Glance

  • For the qualified customers, there is no annual fee.
  • 1% foreign transaction fee of each transaction in U.S. dollars.
  • For unauthorized charges, there is no liability.
  • Through MasterCard Global Services emergency assistance is available anywhere virtually in all languages.
  • For no additional charges select the card from the available designs.
  • Access is provided for online account management.

Other Card Benefits

1% Foreign Transaction Fee: A foreign transaction fee of 1% of each transaction in U.S. dollars is being charged if you will use this card outside the United States. This fee is charged nevertheless, in which currency you made the purchase.

$0 during the first year on cash advances: For the first year $0 fee is charged on cash advances, $5 or 5% of the amount of each transaction is charged after the first year, whichever is greater (not to surpass $100). Remember that, while there may not be a cash advance fee, the cardholder will in any case be charged interest on loans from the date of the transaction.

  • MasterCard Global Services: Get emergency assistance virtually anytime, anywhere, and in any language for card replacements, cash advances, locating an ATM, or reporting a lost or stolen card.

Taking a Closer Look At Indigo Platinum MasterCard

One approach to establishing credit to take out a secured credit card such as Discover it® Secured. Another approach is to use a low credit score to start building the credit that offers you the pen door for simple endorsement and credit building advantage. The Indigo Platinum MasterCard is that sort of credit card, and if you are battling with a low credit score, this is the survey you ought to peruse.

Quick, Easy Application Process

The application process for this card is quick and simple. Indeed, that is one of its solid focuses. The online application structure is a couple of straightforward inquiries. Collect the information including employment records, bank account information, social security number, etc. and you are done with the process within a minute. However long your age should be 18 years or older (19 age in the state of Alabama) and in the last 60 days if you have not submitted a pre-qualification request with indigo you can submit a request for the Indigo Platinum Mastercard. When you apply, you can get a response in as little as a moment.

Pre-Qualification

You can run a pre-qualification application before you are approved for the Indigo Platinum Mastercard. This reveals to you whether you are probably going to be affirmed for the card. For what reason would you do this as opposed to continuing directly to the process of application? It is about a
draw. We should clarify.

Credit Check

The issuer will run a credit check at the point when you apply for a credit card or some other credit extension. This is called a credit pull, and for a limited amount of time, it will bring down your credit score. For many people, a slight decrease in the credit score will not have a critical effect, yet for somebody with helpless credit, it tends to be a serious deal.

The good thing about pre-qualification is that it tells you whether you are probably going to be approved for the credit card (however does not promise it) without pulling your credit, in this way keeping your credit score the norm.

No Security Deposit

Another significant advantage of the Indigo Platinum MasterCard is that you can get a credit extension without putting down a security deposit (as you do with the secured credit cards). This is gainful because: 

You don’t need to put down additional cash as insurance. This is useful for individuals with a restricted month to month pay. with an unsecured credit card sometimes your credit limit can be higher your spending won’t be set
apart as utilizing a secured credit card, something that can raise banners for some financial organizations. 

Moreover, the good thing about the card is that all three major bureaus take reports that are Trans-Union, Experian, and Equifax. Answering to the credit agencies is how you will set up a steady record of on-time installments, and here’s the ticket.

  • Each month you make on-time payments to your credit card.
  • An All the credit bureaus take reports from the Indigo Platinum Master.
  • The gathered information is utilized by the credit bureaus to give you a credit score. Since you’re paying mindfully, your credit score will be higher. It resembles being rewarded for acceptable conduct.

When your record is investigated by the credit card issuers, they will see this consistent repayment and be bound to affirm you for better cards, for example, lower interest rate cards, rewards credit cards, or special introductory cards.

Thus, credit bureau reporting is how you will get precisely what you need from this card in any case.

Interest RatesFees
On purchases, the APR is 24.90% that is Fixed.The Annual Fee is $0-$99.
For Cash Advances, the APR is 29.90%.Foreign Transaction fee: 1% of each transaction in U.S. dollars.
The Penalty APR is 29.90% whenever applicable.The Late Penalty fee is Up to $40.
The Returned Payment fee is Up to $40.

Indigo Platinum MasterCard (vs) First Progress Platinum Elite MasterCard Secured Credit Card

As the Indigo Platinum MasterCard does not need a deposit to open this means it is an unsecured credit card. Interestingly, The First Progress Platinum Elite MasterCard® Secured Credit Card needs a minimum of $200 refundable deposit. While the card from First Progress offers up to $2,000 credit line (versus the $300 of the Indigo Platinum MasterCard), a deposit of a similar sum must be secured about the credit line. 

Moreover, if you don’t meet all requirements for the form of the Indigo Platinum MasterCard with no annual fee, the card from First Progress has a lower annual fee of just $29.  The two cards are Platinum Master-cards, which offer similar fraud coverage and MasterCard Global
Services benefits.

Indigo Platinum MasterCard (vs) Surge MasterCard Credit Card

Annual fees likely make the Indigo Platinum MasterCard a better option for those who can tolerate a $300 credit limit.

Celtic Bank offers The Surge Mastercard’s which focuses on those building up or rebuilding credit. Like the Indigo Platinum MasterCard, the Surge MasterCard reports to every one of the three credit bureaus, and without effect on your credit score, it offers a pre-approval process. 

The annual fee of the Surge Mastercard is high and it charges a maintenance fee every month. However, it likewise offers the chance to get an increase in the credit line automatically. Credit lines begin at $300 to $750.

Probably the annual fees make the Indigo Platinum MasterCard a superior alternative for the individuals who can endure a $300 credit limit.

Indigo Platinum MasterCard vs. Netspend Visa Prepaid Card

The Netspend® Visa® Prepaid Card might merit considering for those hoping to make online purchases and not build up credit. It does not need a credit check and does not charge any interest as the Netspend Visa is a prepaid card. The money deposited on the card restricts your spending
capacity uniquely. 

If in case you don’t have a bank account one favorable position of the Netspend card is that from both employers and the IRS it can receive direct deposits. Moreover, the Netspend Mobile App can assist you in managing your account easily.

The Netspend card offers two forms: The monthly plan with fees of up to $9.95 every month * or a pay-more only as costs arise plan with per-transaction fees. With a direct deposit of $500 or more, The monthly plan expenses drop to $5 every month. the Netspend Visa Prepaid card might be a superior choice, For those not looking to build credit and who do not qualify for the Indigo Platinum MasterCard no annual fee version, particularly if your expected fee is lower.

Why get the Indigo Platinum MasterCard?

  • You have bad to fair credit or additionally a past bankruptcy and need a card with great endorsement chances. 
  • You are approved for the $0 annual fee.
  • You don’t have the cash to put down a huge security deposit yet need a standard introductory credit limit.

Instructions to utilize the Indigo Platinum MasterCard: 

  • To begin improving your credit score make standard charges and on-time payments.
  • To avoid racking up interest charges pay your monthly balance in full whenever possible. 
  • Take a bit of leeway of advantages, for example, emergency aides and extended warranty.

Is The Card For You?

This card might be a decent alternative if you are searching for an essential card to build or rebuild credit and can be eligible for the form with no annual fee. It is an especially fascinating alternative if you are additionally searching for a card with a foreign transaction fee of 1% of every transaction in U.S. dollars. 

Then again, if you have fair credit or better, numerous choices are offering more liberal credit lines, 0% balance transfer offers, and rewards points.