Review: Indigo® Platinum Mastercard® – Worth It for Bad Credit?
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The Indigo Platinum Mastercard exists for one purpose: to help you build credit. However, we recommend looking elsewhere, as we’ve received numerous complaints regarding this card.
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Our Rating: 1 Out of 5 Stars
We gave the Indigo® Platinum Mastercard® 1 out of 5 Stars because we’ve received a number of complaints about the customer service and the turnaround time on payments being posted to accounts after they’re sent.
Why We Like It
- Provides a path towards good credit
- Relatively easy to qualify for people with bad credit
Why It Could Be Better
- Poor customer service reviews
- There’s an annual fee
- Lack of rewards
- Few benefits
The Indigo Platinum Mastercard is designed for people with bad credit. If your FICO scores are below 600 and you’re having trouble getting approved for other cards, this card may be one way for you to build credit.
However, we do not recommend this card, since we’ve received many complaints about it.
The Indigo card doesn’t offer any rewards, like points or cash back, but it does report activity to credit bureaus so you can use it to establish a record of on-time payments on your credit reports. After you spend some time using it responsibly, you may be able to use your improved credit history to qualify for more rewarding credit cards with better benefits.
You can check to see if you prequalify for this card without impacting your credit scores (you just have to start the application process). This can give you an idea of how likely you are to be approved if you decide to actually apply.
Insider Advice: Getting the Most Out of Your Card
- Enjoy responsibly: Understand how to build credit with credit cards responsibly before you apply for this or any card.
- Aim higher: If you have good credit and haven’t been denied for other better cards, you should probably consider other credit cards before this card.
- Check the fine print: Make sure you read, understand, and follow the terms of the card to avoid extra fees or negative items that could hinder your credit-building efforts.
- Give yourself ample time: Based on visitor reviews, make sure you plan ahead when sending payments to allow plenty of time for payments to post to your account. Some cardholders have complained of slow processing times and the resulting late fees.
- Keep your eye on the prize: Once you’ve built up your credit enough to get other credit cards and don’t need this card any more, you’ll probably want to close it to avoid the annual fee. Learn how closing a card can impact your credit scores.
There are no rewards for using this card, like points or cash back. Instead, it’s designed to give you a way to build a good credit history, which can give you the opportunity to get better cards in the future.
There are only a few benefits that come with this card, and Celtic Bank (the issuer) doesn’t provide many details about them.
- Extended Warranty Protection: Double an eligible manufacturer’s warranty, up to a certain time period.
- MasterRental Coverage: Decline the car rental company’s own insurance to get coverage against collision damage and theft for eligible rental vehicles.
- Master RoadAssist Service: Call for help finding emergency services when driving, like tire changes, tow trucks, and fuel delivery.
- Travel Assistance Services: Provides pre-trip planning information, assistance with medical and legal referrals, and more
- Identity Theft Resolution Service: Provides help recovering if you become a victim of identity theft
The Terms & Fees
|Purchase APR||Balance Transfer APR||Cash Advance APR|
|24.9% Fixed||None||See Terms|
|Annual Fee||Foreign Transaction Fee|
|Balance Transfer Fee||Cash Advance Fee|
|Penalty APR||Late Fee||Returned Payment Fee|
|None||Up to $40||Up to $40|
Take note that you’ll probably end up with an annual fee with the Indigo, though it’s not a sure thing (it depends on your creditworthiness). It will be charged to your account as part of your statement balance.
This card will probably cost you some money and your credit limit likely won’t be very high, but that’s because it’s designed for riskier borrowers. You should use it primarily to help you build up your credit, rather than to finance a purchase and pay it off over time.
We recommend paying the statement balance in full each month (a bit ahead of time, to allow for slow processing). This will let you take advantage of your grace period to avoid paying interest, and it can be good for your credit utilization too (which can help your credit scores).
You can’t use this card for balance transfers.
You can check the terms and conditions of the Indigo Platinum Card, which has three different sections according to the annual fee levels.
The Bottom Line
This card has one purpose only: to help you improve your credit by showing a record of responsible behavior. You’ll have to pay an annual fee, but if you can’t get approved for any other cards it’s a pretty small price to pay for the opportunity to build credit.
Just be sure to pay your bill on time and in full every month to avoid late payments and build good history as a borrower. If you can keep up that positive activity you may eventually be able to qualify for a better rewards card with more useful benefits.
Confused about using and paying your credit cards? Check out our guide, How Paying A Credit Card Works.
How Do I Apply for the Indigo Platinum Mastercard?
To apply now for the Indigo Platinum Mastercard, simply click the button near the card name. You’ll be directed to the credit card issuer’s website where you can securely input all of the required information.
You can check your pre-qualification status before applying, therefore avoiding a hard check on your credit if you won’t be approved.
What Credit Scores Do You Need for the Indigo Platinum Mastercard?
The Indigo Platinum Mastercard is designed for people with poor credit.
If your FICO score falls within 300–579, or 300–649 for VantageScore, you’ll be considered to have poor credit.
However, these are more like guidelines, which means even if you have higher credit scores you may not be approved. Other factors are taken into account for credit applications, like income.
Qualifications and Requirements
- Must prequalify
- Must be 18 to apply
- Personal information: Birth date, Social Security number, phone number
- Financial information: Total household income, source of income, monthly mortgage/rent payment
Frequently Asked Questions
What is the credit limit of the Indigo Platinum Mastercard?
The credit limit of the Indigo Platinum Mastercard is $300.
Is the Indigo Platinum Mastercard a secured card?
No, this is an unsecured credit card, so it doesn’t require an upfront deposit, though it’s still designed to help build positive credit. Here are some of our top picks for secured cards.
Can I transfer a balance to this card?
No, you won’t be able to use this card for balance transfers.
Looking for one that does let you transfer a balance over? You can find our top choices for balance transfer cards here.
Does the Indigo Platinum Mastercard offer rewards?
No, there aren’t any rewards associated with the Indigo Platinum Mastercard. If you’re seeking a rewards card, you can see some of our favorite rewards cards right here.
Are there any benefits with the Indigo Platinum Mastercard?
Yes, you’ll gain a few benefits from this card, including extended warranty protection, MasterRental insurance, and more.
Alternatives to the Indigo Platinum Mastercard
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