Credit Cards » Credit Card Reviews » Indigo® Mastercard® Review 2023 – Best Option to Build Credit?
Advertiser Disclosure This website is an independent, advertising-supported comparison service. The product offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval. This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor. While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. Learn more about how we review products and read our advertiser disclosure for how we make money. All products are presented without warranty.

Indigo® Mastercard® Review 2024 – Best Option to Build Credit?

Indigo Mastercard can help consumers rebuild or build their credit. Applying for this card does not affect your credit because they do not do a credit check.
Author: Lorraine Smithills
Lorraine Smithills

Writer, Contributor

Experience

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
Interest Rates Last Update: April 15, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Lorraine Smithills
Lorraine Smithills

Writer, Contributor

Experience

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
Interest Rates Last Update: April 15, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Indigo® Mastercard®

Indigo card

Rewards Plan

None

Sign up Bonus

None

Credit Rating

Fair – Good

0% Intro

None

Annual Fee

$0 – $99

APR

24.90%

Indigo® Mastercard®

Indigo card

Rewards Plan

None

Sign up Bonus

None

0% Intro

None

PROS

CONS

APR

24.90%

Annual Fee

$0 - $99

Balance Transfer Fee

Unknown

Credit Requirements

Fair - Good

The Indigo® Mastercard® is an everyday credit card for those who are looking to rebuild their credit. 

The Indigo Mastercard is one of the few credit cards that approve applicants with a bankruptcy record and other less than perfect credit history. This credit card has no annual fee. You can prequalify for the Indigo Unsecured Mastercard without affecting your credit scores. If you are looking for a credit card with no security deposit to help you rebuild your credit, consider Indigo Unsecured Mastercard.

There are no points or cashback rewards with this card. It reports on-time payments to all three of the major credit bureaus so the cardholder can build their credit history. The Indigo card is issued by Celtic Bank, which is better known for its commercial products than its consumer products. 

The Indigo is not a familiar brand but consumers don’t need to worry because it is backed by a reputable bank. Mastercard is a widely received credit card brand with many protections.

  • Pre-Approval
  • Travel Protections
  • Extended Warranty Protection
  • Reports to Bureaus
  • Other Protections
  • No 0% APR Introductory Rate
  • No Rewards
  • High APR
  • Low Average Credit Limit
  • Better Options for Building Credit

What’s the initial credit limit I'll get?

Indigo Platinum has an initial credit limit of $300, but there is no mention of when or if it is possible to get a credit limit increase. This makes this card a fairly basic option and you may need to move on to a different card once you’ve improved your credit score.

Can I add an authorized user?

Indigo allows its Platinum account holders to add an authorized user with no charge. The authorized users will get a card linked to your account but showing their name to make purchases using your credit line.

How’s Indigo customer service availability?

The Indigo customer service team is available from 6 am to 6 pm Monday through Friday, Pacific time.

Does Indigo offers a good digital experience?

Indigo has a decent website with a fairly comprehensive FAQ section, giving a good overall digital experience.

In This Review..

Benefits

Let’s take a look at the benefits of the Indigo card and see if it’s the right one for your wallet or not.

Indigo Mastercard allows potential cardholders to apply for pre-approval before they do a hard pull on your credit. 

They do what is called a soft pull by checking data on your credit but not actually pulling your credit history. 

This pre-approval will let you know if you may qualify for the Indigo card, without affecting your credit.

Indigo Mastercard does have some protections included with using the card. 

Also, they include rental car insurance, roadside assistance, and travel assistance in an emergency. These benefits are through Mastercard.

Indigo Mastercard will double the manufacturer warranty on products you purchase with the card.

Indigo Mastercard is for those with limited or poor credit. It is a benefit that it reports to all three of the major credit bureaus. 

This will help cardholders build a credit history.

Indigo Mastercard also has ID theft protection and zero fraud liability, meaning you would not be responsible for unauthorized purchases.

Drawbacks

Here are the most important cons you should consider before apply:

Indigo Mastercard does not offer an introductory rate like many cards on the market.

Therefore, if you need or are looking for an introductory rate, you will have to look at other offerings.

Many cards on the market offer rewards for spending like cashback rewards, points, or travel rewards. Also, the Indigo Mastercard does not offer any rewards.

With any credit card, the goal is to pay off your balance every month. However, life happens and sometimes you may not be able to pay off your statement balance in full.

If this happens with the Indigo Mastercard you’re going to feel the sting as you get hit with a 24.90% APR which is high compared to other secured credit cards. 

Most that are approved for Indigo Mastercard start out with a low credit limit of $300. This low limit is due to the fact that many of the users have poor to no credit. 

But it is very easy to go over the 30% utilization rate of the credit limit, which can lower your credit score.

There are dozens of other products and services that help borrowers build credit. Many of these options are cheaper. 

Foe instance, one option potential cardholders should look into is secured credit cards. This is where you put money upfront on a credit card. 

These cards are easier for consumers with poor credit because they are secured and many do not cost as much

How To Apply For Indigo® Mastercard® Card?

Visit the Indigo Platinum Mastercard homepage and click “Pre-qualify Now”.

This takes you to the next page where you fill in your names, date of birth, SSN, Email address, etc. 

Next, fill in your residential address, city, and state.

Lastly, read through the policy, check the box to agree, and then click “Pre-Qualify Now.”

Is the Indigo Card Right for You?

Indigo Mastercard is best for consumers looking to build or rebuild their credit. This card is designed for those who have poor credit and borrowers who have limited options in trying to secure credit. 

For those with limited credit options, this is a good product that can help build your credit due to the fact that the Indigo card reports to all three of the major credit bureaus.

However, those with limited credit options may want to look at a secure credit card before using this card with its high fees.  If you do decide to use this card, use it sparingly and do not hold onto it for years. Once your credit is rebuilt, close this card and move on to better credit cards with better rewards and benefits.

Compare The Alternatives

There are many relevant cards to build credit – here are some good alternatives to the Indigo Card:

OpenSky® Secured Visa® Credit Card

First Progress Platinum Elite Mastercard® Secured Credit Card

Milestone® Mastercard®

OpenSky® Secured Visa® Credit Card
First Progress Platinum
Milestone® Mastercard®
Annual Fee
$35
$29
$175 the first year; $49 thereafter
Foreign Transaction Fee
3%
3%
1% of each transaction in U.S. dollars
Purchase APR
25.64% (variable)
25.24% Variable
35.90%

FAQ

The Indigo card requirements are quite flexible, and there is no specific income required in order to get this card.

The main reason not to consider the Indigo Platinum is the very low credit limit. You’ll only be offered a $300 limit and you may attract a $75 to $99 annual fee, which will quickly eat up your available credit and show as a 25% credit utilization ratio.

You can get a pre approval decision for the Indigo Platinum in a few minutes. From the submission of your application, it will take up to two weeks for your new card to arrive in the mail.

The Indigo Platinum has a pre approval option on the official website. You can enter your basic details and get the results within a few minutes.

Review Secured Credit Cards

Picture of Lorraine Smithills

Lorraine Smithills

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
Search
Best Cards Per Category
Offers From Our Partners

Milestone® Mastercard®

Annual Fee:
$175 the first year; $49 thereafter
APR:
35.90%

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

Milestone® Mastercard®

Annual Fee:
$175 the first year; $49 thereafter
APR:
35.90%
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

#1 In credit Cards

Our Newsletter

Sign up to our newsletter for secret credit card tips, insider advice, and exclusive deals straight to your inbox

Start saving smarter with

Our Credit Card Newsletter

Sign up for our newsletter and gain access to expert advice,
insider knowledge, and exclusive offers

Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.