Indigo® Unsecured Mastercard®
Unsecured card fast pre-qualification that reports credit to all 3 bureaus monthly
Updated: Apr 14, 2023
Indigo Unsecured Mastercard® is a rare card on the market built to cater to the needs of people with less than perfect credit scores. This financial product is designed for people with limited credit, fair credit, or bad credit. All Indigo cards are serviced by Genesis FS Card Services and issued through Celtic Bank, including Indigo Unsecured Mastercard®. These are renowned companies in the credit card niche and have a long history of providing access to quality cards to people with different scores.
The card is very convenient to use, and it puts the cardholders in a position to consistently improve credit score as long as they make regular payments. Indigo reports the account history to the three major credit bureaus in the U.S., enabling credit cardholders to build scores with every purchase. The most noteworthy perk of this card is that it is unsecured, meaning that you won't have to make any deposits prior to getting the card and using it. You can pre-qualify for this card without worrying about hurting your credit score even more. Indigo will make a soft inquiry into your credit history, leaving your credit score intact during the pre-qualification process.
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Recommended Credit Score
- 60 Second Decision
- Pre-qualify today without an impact on your credit score
- Keeping your account in good standing may help establish and/or improve your credit
- Access your account online or from your mobile device 24/7
- Protection from fraud if your card is stolen
- Card designs to fit your personality at no extra charge
- Account history is reported to the three major credit bureaus in the U.S.
- Accepted at over 35 million locations nationwide
The Indigo Unsecured Mastercard® is a great credit reporting card that anyone can get pre-approved and use to improve or rebuild their credit.
Who Is this Indigo Unsecured Card For?
This Mastercard® credit card is perfect for people who can’t afford to or don’t want to pay a deposit for a secured card but still need to find efficient means to boost their creditworthiness. The card is issued by Celtic Bank and serviced by Genesis FS Card Service. When you have two reputable companies such as these ones behind a card, you can rest assured that they live up to everything stated in the Terms of Condition. Unsecured credit cards are valued more than secured credit cards at credit bureaus. This one, in particular, reports to all three major consumer credit bureaus. If you regularly use it and make payments on time, you will be able to build a better credit history and thus increase your credit score.
Indigo Unsecured Mastercard® Benefits
While this card offers several advantages, we would like to point out the strongest of its points.
Consumer credit bureaus don’t take the signals coming from secured and unsecured credit cardholders the same. If you are using an unsecured card, it will have a stronger impact on your credit score. Since this card is unsecured, you can use it to better position yourself with credit bureaus.
Regular credit reporting
The Indigo unsecured card will send your purchasing history regularly to all three credit bureaus, which is extremely important, as you’ll be able to improve your standing with all bureaus at the same time.
The next advantage is access to the pre-qualification process. Instead of directly applying for the card and risking being denied and your credit score suffering a blow, you can submit a pre-qualification. The issuer will assess your credit history and income and provide you with a response within a couple of minutes.
Soft credit inquiry
During the pre-qualification process, the issuer will only make a soft inquiry into your credit history, which will leave no trace, nor will it affect your current score until you actually apply for the card.
Low foreign transaction fee
Since it is a Mastercard®, you’ll be able to use it around the world and all terminals with Mastercard® support. The foreign transaction fee is below the industry standard so that you can make purchases while traveling without wasting too much money on costly fees.
Made to build a credit score
If you use this card responsibly, you will not only avoid paying interest and fee charges but also improve your credit score and increase your creditworthiness. Ultimately, you will be able to apply for a better card and get a desirable line of credit at an affordable cost.
What are the Disadvantages?
When it comes to disadvantages, this card has only a few.
Let’s start with the high annual fee. However, you won’t know how much your annual fee will be unless your application gets approved.
This card’s interest rates are higher than average. They kick in if you take your balance to the next billing cycle. Since this is considered a late payment, your account will also be charged a late payment fee.
This card offers no rewards or cash-back bonuses. It should only be considered as a low requirement credit builder card option for people who have poor or bad credit scores.
Our Final Thoughts
If you, for whatever reason, can’t afford to put down collateral before you can start using a credit card, you should use this card. Yes, the annual fee might be slightly higher than what we see at other issuers but the low requirements, regular reporting to credit bureaus, and Mastercard® benefits make up for it.
Other Unsecured Indigo Cards from Celtic Bank
- Mastercard® with Fast Pre-qualification
- Mastercard® for Less than Perfect Credit
- Unsecured Mastercard® – Prior Bankruptcy is Okay
- Platinum Mastercard® Credit Card
- Platinum Mastercard®
Frequently Asked Questions
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|Grace Period:||25 days|
|Late Payment Fee:||Up to $40|