The Indigo card is made for people with a poor, limited or no credit history. It provides an access to extra funds and helps to rebuild credit or establish it from scratch. The offer conditions vary depending on your creditworthiness. However, you will see what you may get after a 60-second online pre-qualification.
How it works
The Indigo card is made first of all for consumers working on their credit. Celtic Bank accurately reports your credit activities to the three national credit bureaus turning the Indigo card into a useful tool for rebuilding or establishing credit. Just act wisely: make your monthly payments on time and use up to a third of your credit line.
Since this is an unsecured card with a $300 initial credit limit, you may use it for an access to extra cash. During the first year Celtic Bank doesn’t charge any fees on cash advances. However, a 29.9% APR is applied to cash advances on the day of transaction. So leave this opportunity for an extreme emergency only.
To assess your creditworthiness, Celtic Bank may consider your income, debt and credit history if available. You may qualify for this card with limited, bad or even no credit.
Before applying, you need to fill out the pre-qualification form on the card website. It helps understand what annual fee and credit limit you may expect since they may vary for different applicants.
Note that you may submit the form only once within a two-month period and that this has no impact on your credit score. If you don’t pre-qualify for the Indigo card, you may be matched to other cards accessible to you.
How much it costs
The credit line you get as well as credit costs you will have to pay depend straightly on your creditworthiness. An annual fee can be $0, $59 or $75 ($99 starting from the 2nd year).
The bottom line
You may approach this card safely with less than perfect credit by completing the online pre-qualification form. However, Celtic Bank tailors its offer according to your creditworthiness. The less riskier borrower you are, the better conditions you get.
If you’re looking for an affordable credit rebuilding tool together with an access to extra cash, then the Indigo® Platinum MasterCard® may be the right choice for you.