Indigo® Platinum Mastercard®
The Indigo Platinum Mastercard is aimed at those with poor credit, which means it’s easier get approved for for this over other cards. Indigo also reports to all three of the major credit bureaus, so with regular on-time payments, you can improve your score and eligibility for credit cards with lower APRs.
We know that when you have sub-par credit, the credit card choices available to you can be underwhelming. Still, there’s no reason to settle for the Indigo Platinum Mastercard.
This card’s structure may make it challenging for you to get your credit score back on track by charging you annual fees and a high APR. Pick a better card; we’ll show you a few (and a few to avoid too!)
The only reason to get this card is if you’re trying to build up your credit score. This card has three different fee structures. The one you’ll be offered is dependent on your creditworthiness as determined by the issuer.
All have the same high APR of 23.90% fixed. In a best-case scenario, you’ll pay no fee. But some will have to pay either a $59 annual fee, or $75 the first year and $99 thereafter. For those stuck with a fee, whatever the amount is, it can seriously hamper your card’s purchasing power. If you’re approved for a limit of $300, then $99 of that will be used up in the first billing cycle by the annual fee. Ouch.
Who should get this card
If you have a less-than-stellar credit history, this card could be a good way to help get your credit score back on track. If you qualify for the no-fee card, it’s a better choice than some of the other cards targeting customers with damaged credit, which tack on fees at every turn.
Fees and APRs
- This card charges a fixed APR of 23.90%.
- The annual fee is either $0, 59 or $75 the first year and $99 annually thereafter. You’ll learn your fee only after you apply
- There’s a penalty APR of 29.90% that may apply indefinitely to your account if you make a late payment, plus a late payment fee of up to $38.
- There’s a 1% foreign transaction fee on all purchases made outside the U.S.
Extras and perks
Choose from six card designs to add your own personal flair.