Indigo® Mastercard® for Less than Perfect Credit

Indigo Mastercard for Less than Perfect Credit is a starter credit card specifically tailored to help people with poor or bad credit get back on their feet and build credit history.

Who is this Indigo Card for?

If your credit score stands between you and getting financial freedom, the Indigo Mastercard for Less than Perfect Credit offers everything you need to build a credit score from the ground up. The issuer of this card is Celtic Bank, while the card is serviced by Genesis FS Card Services. These financial institutions are known for their credibility and longstanding history in helping people get their credit scores back to the “good category“.

Indigo Card for Less than Perfect Credit Benefits

• Low requirements to apply. The most important advantage to consider here are the low requirements the issuer had when it comes to approving applications of clients. To apply and get this card, your credit score doesn’t have to be pristine. Even if your credit is in the “bad” category, you will still be able to acquire and use this card.
• Credit score building toolkit. What makes this card even more desirable in the credit score building toolkit is its reporting practices. The issuer will send regular reports to all three major consumer credit bureaus in the U.S. Your history with all three credit bureaus will be improved, which will result in a higher credit score.
• Fast online pre-qualification. People with poor and bad credit scores have to wait too long sometimes even for several weeks before the issuer responds to their application. With Indigo, you will have your answer in no time. Thanks to the online-based prequalification process, you will be able to submit a pre-application and get a response ultra fast. The issuer will check whether you can apply for the card or not. While the prequalification process is ongoing, there will be no hard inquiries made into your credit history. Your credit score will remain just as it was even if you get a negative response.
• No security deposit required. We also loved that the issuer doesn’t demand a security deposit. As you might already know, a security deposit takes away a portion of your credit limit the first month. Plus, people struggling to pull their financial lives together find it hard to put money aside for a deposit. With this card, you can forget about it.
• High security. The card comes with important security features as well. These security features will protect you if your identity gets stolen. You can use these extra services to shut down your accounts, deal with fraudulent charges, and avoid being liable for your card being used.

Are There Any Disadvantages?

Ok, there are several advantages, but are there any disadvantages as well? There are some that you have to be aware of.

• Costly annual fee. First of all, you should know that the issuer doesn’t have a fixed annual fee for this card. It will depend on your previous purchasing history, credit score, and income. And it can range anywhere from 0 to $99.
• High APR. There is also a slight problem with interest charges. This card comes with costly interest charges that are well above the industry average. If you, by any chance, fail to pay your bills before the due date, the interest charges will kick in, and you will have to pay extra cash to cover the balance on your card.
• High late payment fee. This card has a late payment fee that is up to $40. Both interest rates and the late payment fee make paying bills on time very important.

Other Card Benefits

• Incredibly fast response time with online pre-qualification form
• Standard benefits that come with a Mastercard credit card
• Sends reports of clients purchasing history and credit activity to all three major credit bureaus

Our Final Thoughts

This starter credit card is a viable option for anyone with a less than perfect credit score who wants to get access to a credit card. You can use the Indigo Mastercard for Less than Perfect Credit to improve your credit or start building it from the ground up. Yes, the APR and annual fee are a bit higher than the industry average, but you can use this card for a year and see the results because the issuer reports to all 3 main credit bureaus.