Indigo® Mastercard® for Less than Perfect Credit
- Annual fee
- See issuer terms
- Recommended credit
- Fair / Poor
- Card network
- Mastercard
- Regular purchase APR
- 35.9%
At a glance
The Indigo Mastercard is rapidly becoming recognized as a top credit card option for applicants with less-than-perfect credit. It is a great resource for anyone who wants to establish, build, or repair their credit score. What’s more, benefits of the Indigo Mastercard include 24/7 mobile account access, chip card technology, and more.
Our review of the Indigo® Mastercard® for Less than Perfect Credit
In-Depth Review: Indigo® Mastercard® for Less than Perfect Credit
If you’re in the market for a new credit card and have less than perfect credit, the Indigo® Mastercard® Credit Card is a great option to consider. This card is designed for individuals looking to establish or rebuild their credit and offers various benefits and features to help you reach your financial goals.
Who Can Benefit from the Card?
The Indigo® Mastercard® Credit Card is specifically designed for those who want to improve their credit score. Whether you have a limited credit history or a low credit score, this card can help you build a positive credit history over time. By using the Indigo® Mastercard® responsibly, you can improve your creditworthiness as it reports to all three major credit bureaus.
Credit Needed
The Indigo Card is ideal for individuals with a bad FICO Score (between 300 and 580) who are looking to establish a positive credit history with unsecured credit. The card is also suitable for those who have declared bankruptcy, providing them with a fresh start without the need for a store credit card or a secured card.
Application Information
The application process for the Indigo Card is quick and easy. Once approved, applicants must pay their annual fee to activate their account. Depending on their creditworthiness, applicants may be approved for one of three Indigo credit card offers.
Design Your Card
New account holders have the option to choose a card design at no additional cost. This customization feature allows you to showcase your personality every time you use your card for a purchase.
Building Credit Benefits
The Indigo Mastercard offers a variable annual fee and a starting credit line of $700 for successful applicants. By making on-time payments and using your card responsibly, you can build your credit score over time. The monthly payments are reported to the major credit bureaus, helping you establish a positive credit history quickly.
Other Card Benefits
In addition to credit-building benefits, the Indigo Mastercard offers online account management tools for easy access to your account, balance viewing, payments, and spending tracking. The card also provides fraud protection and zero liability for unauthorized charges, giving cardholders peace of mind and financial protection.
Comparison
When compared to similar cards like the Destiny Mastercard and Milestone Mastercard, the Indigo Mastercard stands out with its variable annual fee and starting credit limit. Before choosing a near-prime credit card, it is essential to compare all aspects of the cards to find one that aligns with your financial needs.
Tips for Building Credit
- Check your credit file regularly
- Keep credit utilization low
- Pay bills on time
- Become an authorized user on a credit card account
- Limit new credit card applications
What We Like About the Indigo® Mastercard® for Less than Perfect Credit
The simplicity of the Indigo Mastercard makes it a great option for credit-builders who prefer a straightforward approach. With essential protections for loss or theft and no need to track rewards or bonus categories, this card is ideal for those looking to establish or improve their credit.
Things to Consider
While the Indigo Mastercard offers benefits for credit-building, it also comes with fees, including an annual fee that may reduce your initial credit limit. Additionally, approval for the card is based on your credit history, and not everyone may qualify for the lowest annual fee or APR.
Should You Apply for the Indigo® Mastercard® for Less than Perfect Credit?
If you’re looking to build or enhance your credit profile, the Indigo Mastercard is a solid choice. With user-friendly features, convenient online payment setup, and helpful credit tools, this card can help you improve your credit score over time. Additionally, the card reports account activity to all major credit bureaus, further boosting your creditworthiness.
For individuals with poor credit, the OpenSky® Secured Visa® Credit Card is another option to consider. It requires no credit check and offers a flexible credit limit, making it accessible to those with limited credit history.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- Great for demonstrating responsible use of credit
- Short and easy-to-complete application form
- 24/7 mobile account access
- Choose your card design free of charge
Who this card may suit
- You want to build or repair your credit score with a decent credit line
- You have a history of poor credit and have been declined by other credit card issuers
- You want a credit card whose application will not impact your credit score
- You don’t want a secured credit card or can’t afford a security deposit
- You would like to show some personality with several card designs
- You would like a tool for building credit that is accepted worldwide – anywhere Mastercard is accepted
Rates, fees and terms
| Annual Fee | See issuer terms |
|---|---|
| Regular Purchase APR | 35.9% |
| Cash Advance APR | 35.9% |
| Cash Advance Transaction Fee | Either $5 or 5% of the amount of each cash advance, whichever is greater (not to exceed $100) |
| Foreign Transaction Fee | 1% of the transaction amount in U.S. dollars |
| Penalty APR | 29.9% |
| Late Payment Penalty Fee | Up to $41 |
| Return Payment Penalty Fee | Up to $41 |
| Over Limit Penalty Fee | Up to $41 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Fair Credit Poor Credit.
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Indigo® Mastercard® for Less than Perfect Credit
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