Indigo® Platinum Mastercard® review

Bankrate Staff  in  Bad Credit How we rate our cards  | is an independent, advertising-supported comparison service. The offers that appear on this site are from companies from which receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. does not include the entire universe of available financial or credit offers.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

Genesis FS Card Services Image

Recommended Credit Score

Bad to Fair (300 - 670)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Apply Now On Genesis FS Card Services's secure website

Best for bankruptcy forgiveness

Annual Fee:
Purchase Intro APR:
Regular APR:
Terms and Restrictions Apply

Bankrate Rating


Best for those without credit or poor credit

  • Rewards rate: N/A
  • Welcome offer: N/A
  • Annual fee: $0 to $99
  • Purchase intro APR: N/A
  • Balance transfer intro APR: N/A
  • Regular APR: 24.90 percent (fixed)

The Indigo credit card provides a good option for those who have bad credit or no credit history. It can significantly help people who have declared bankruptcy as well as students 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.

Current sign-up bonus

Unfortunately, the Indigo credit card does not have any sign-up bonus or welcome offer. It also does not offer any rewards or cash back programs. But you do receive a 0 percent fee on cash advances for your first year.


There are many important benefits of using the Indigo Platinum Mastercard. It is great for when you have less favorable credit or no credit history at all. Although it does not have welcome rewards or cash back programs, it does have standard features for the convenient management of your finances.

Soft credit pull

Whenever you apply for a credit card or any other type of line of credit, you may be subject to a credit check. This will affect your credit score for a period of up to two years. Those with poor credit may experience problems in being awarded a line of credit as a result of this. But because the Indigo Platinum’s prequalification does not do a hard credit check, your credit will not be impacted.

Fast and easy application process

Many credit cards feature a grueling and time-consuming application process. This is not the case with the Indigo Platinum Mastercard. 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 (19 in Alabama), you can apply and get started.

Build your credit

This is probably the reason you are considering getting this card, right? Well, building your credit is easy with the Indigo Platinum Mastercard. This card reports your activities to all three major credit bureaus (TransUnion, Equifax and Experian). If you act responsibly by making payments on time, you will build your credit to take advantage of credit cards that offer rewards programs or other benefits.

High approval rate

The Indigo credit card is an unsecured card designed for those with less than perfect or no credit history. With its high approval rate, it makes an easy and quick way to improve your credit.

Standard credit limit without security deposit

You gain access to the Indigo Platinum Mastercard credit limit even without a security deposit, unlike most secured cards. This means you do not have to tie up your finances as collateral for this card.

Rates and fees

The Indigo Platinum Mastercard has a regular APR of 24.90 percent for purchases and a 29.90 percent APR for a cash advance. Note that missing a payment increases your APR to 29.90 percent in addition to the late payment fee of up to $40.

During the first year, you can experience a 0 percent fee on cash advances. After this grace period expires, you will be charged $5 or 5 percent of each transaction amount, whichever is larger (but not exceeding $100). Although there are no cash advance fees, you will be charged interest from the transaction date.

When it comes to foreign transaction fees, you will incur a 1 percent fee for every transaction, no matter the currency used in the purchase.

When you apply for this card, you will be assigned one of three possible yearly fees. The annual fees can be $0, $59 or $99, although this third pricing structure is only $75 during the first year. The annual fee will ultimately be determined according to your creditworthiness.

How the Indigo Platinum Mastercard compares with other credit cards

Indigo Platinum Mastercard has many competitors offering similar benefits. Two of the main alternative credit cards to consider include the Secured Mastercard® from Capital One and the First Progress Platinum Elite Mastercard® Secured Credit Card.

With First Progress Platinum Elite Mastercard Secured Credit Card, you will enjoy a lower regular APR of 19.99 percent variable. It is ideal for those with bad credit as it does not require a minimum credit score or credit history for approval. This credit card has an annual fee of $29 but does not include any welcome bonus.

The Secured Mastercard® from Capital One does not charge any annual fee. The APR is 26.99 percent variable, which is high compared to other competitors. You will be automatically considered for a higher credit line in as little as 6 months with on-time monthly payment. The amount of the deposit is $49, $99 or $200 based on your credit worthiness, but it can be paid in ($20 minimum) installments within the first 35 days of your application.


Indigo Platinum Mastercard

First Progress Platinum Elite Mastercard Secured Credit Card

Capital One Secured Mastercard

Regular APR

24.90% (fixed)

19.99% (variable according to prime rate) 26.99% (variable)
Annual Fee




Welcome Bonus




Security Deposit None Up to $2,000

Up to $200

Best cards to pair with Indigo Platinum Mastercard

As a credit card with a relatively high APR and no rewards, cash back cards and other cards without transaction fees would supplement the use of this card well.

Bankrate’s take—Is Indigo Platinum Mastercard worth it?

If you have low or no credit, then the Indigo Platinum Mastercard may be a good choice for you. Applying for this card does not require an extensive approval process. Even if you do not have a credit history, you can pre-qualify. The use of the card does not even require a security deposit.

On the other hand, the Indigo Platinum Mastercard interest rates are relatively high, and the $300 credit limit can be restrictive. And unfortunately, an Indigo Platinum Mastercard credit limit increase is out of the question. The lack of bonus or cash back rewards are factors to consider. If you have reasonable credit, you should explore your credit card options that may offer you better benefits.


  • Prequalify even without credit or bad credit
  • A low foreign transaction fee of 1 percent
  • Credit building opportunity (reports to Equifax, TransUnion and Experian)


  • High regular APR
  • High annual fee
  • Low maximum credit limit of $300