Indigo^® Mastercard^® for Less than Perfect Credit Review

The Indigo^® Mastercard^® for Less than Perfect Credit is an unsecured credit card designed for people with less-than-perfect credit who want access to a credit card without putting down a security deposit. The card reports account activity to all three major U.S. credit bureaus, giving cardholders an opportunity to establish or rebuild a payment history through responsible use. You can also check if you pre-qualify before completing a full application, and if your application is not approved, a hard inquiry will not appear on your credit report. The Indigo Mastercard is issued by Celtic Bank and serviced by Concora Credit.

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What Is the Indigo Mastercard for Less than Perfect Credit?

The Indigo Mastercard is an unsecured Mastercard designed for consumers who may have difficulty qualifying for some traditional credit cards because of their credit history. Unlike a secured credit card, you do not have to provide a security deposit to establish the account.

The card is specifically marketed to people with less-than-perfect credit, including consumers who are working to establish or rebuild their credit. However, having less-than-perfect credit does not guarantee approval. Indigo reviews information such as your income, debt, identity, and credit history when determining whether you meet its approval requirements.

The Indigo Mastercard can be used for purchases wherever Mastercard is accepted in the United States. Account history is reported monthly to the three major credit bureaus, so responsible use and consistent payments can help you establish a positive payment record over time.

Does the Indigo Mastercard Require a Security Deposit?

No. The Indigo Mastercard is an unsecured credit card, so you do not have to put down a security deposit to open the account.

This is an important distinction for someone comparing credit cards for less-than-perfect credit. Secured cards require you to provide money as collateral, while an unsecured Indigo account provides a credit line without requiring that type of deposit.

Can You Pre-Qualify for the Indigo Mastercard?

Yes. Indigo provides a way to check whether you may pre-qualify before completing the full credit card application. The pre-qualification process can help you determine whether you may receive an offer before deciding whether to continue.

If your application is not approved, Indigo states that a hard inquiry will not appear on your credit report, which means your credit score will not be impacted by an unsuccessful application. If you are approved and proceed with the account, however, the formal application process can result in a hard inquiry.

➤ See if You Pre-Qualify for the Indigo^® Mastercard^®

What Credit Limit Does the Indigo Mastercard Offer?

The current Indigo offer available through our site provides a $700 credit limit if approved. Your actual account terms and approval are determined by the issuer based on its eligibility requirements.

The current offer provides a $700 initial credit limit if approved. However, the $175 first-year annual fee is deducted from that credit limit, leaving approximately $525 in initial available credit. The terms state that certain setup and maintenance fees are assessed before you begin using the card and reduce the amount of credit initially available.

Does Indigo Report to the Credit Bureaus?

Yes. The Indigo Mastercard reports account history to all three major credit bureaus.

That means your payment history and other account information can become part of your credit reports. Making payments on time and managing the account responsibly can help establish a positive payment record, although opening an Indigo account does not by itself guarantee that your credit score will increase.

What Are the Fees for the Indigo Mastercard?

The Indigo Mastercard has several fees that are important to understand before accepting the card. The current terms state that some setup and maintenance fees are assessed before you begin using the card and reduce the amount of credit initially available to you.

The annual fee is $175 during the first year and $49 thereafter. There is no monthly fee during the first year. After the first year, the monthly fee is $12.50 per month, or $150 annually.

The current terms also list a cash advance fee of $5 or 5% of the transaction amount, whichever is greater, up to $100. The foreign transaction fee is 1% of each transaction in U.S. dollars.

Penalty fees include a late payment fee of up to $41, an overlimit fee of up to $41, and a returned payment fee of up to $41.

The terms also explain that you may reject the plan if you have not yet used the account or paid a fee after receiving a billing statement. If you reject the plan under those conditions, you are not responsible for the fees or charges.

Can the Indigo Mastercard Help You Rebuild Credit?

Yes. The Indigo Mastercard can help you rebuild your credit because account activity is reported to all three major credit bureaus. Making your payments on time and managing the account responsibly can help you establish a positive payment history over time.

The card does not automatically improve your credit score simply because you have the account. Your credit score is based on the information reported to your credit files and how you manage your credit over time. Keeping your balance under control and making payments as agreed are important parts of using the card as a credit-building tool.

Bottom Line on the Indigo Mastercard

The Indigo Mastercard for Less than Perfect Credit is an unsecured credit card intended for consumers who are working with less-than-perfect credit and want access to a card without a security deposit. It reports to all three major credit bureaus, and the pre-qualification process gives you an opportunity to check for an offer before completing the full application.

If you are considering the Indigo Mastercard, reviewing the current offer terms before accepting the account is important because fees and other account terms can vary. If you want to see whether you may pre-qualify, you can check your offer below.

➤ See if You Pre-Qualify for the Indigo^® Mastercard^®