Indigo® Platinum Mastercard® Review

The Indigo Credit Card is a great choice for those with bad credit or no previous credit history. With no security deposit and fair fees, there is a lot to like here.
  • Annual Fee:
    $0 - $99
  • Regular APR:
  • Recommended Credit Score:
    Bad Credit

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Indigo® Platinum Mastercard® is a credit card that you can get with less than perfect credit. That’s right! This creation doesn’t require you to have anything higher than a 300-credit score to apply.

However, the number that the credit bureaus report for your credit score will impact the amount you’re approved for under $300 and will determine your first-year annual fee.

It’s true that this credit card can help rebuild credit or start a credit history, but you should beware before diving in.

The low credit limit and high APR rate combined could get you to max out your borrowing amount quickly.

Plus, if the card isn’t paid off at the end of the month, the carry-over balance may incur too much interest for proceeding months. In turn, this could greatly affect your credit card utilization, which can ultimately negatively affect your score.

It’s not all bad, though! Keep reading on to see pros, cons, benefits, features, and much more on the Indigo® Platinum Mastercard®.

Indigo® Platinum Mastercard® Pros and Cons

As with every credit card, the Indigo® Platinum Mastercard® has pros and cons. Here are some that should be noted and taken into account.


  • Requires no security deposit
  • Prequalify with bad credit or no credit history
  • Reports to all three credit bureaus
  • Free extra card designs for style
  • 1% foreign transaction fee


  • Annual fee
  • No rewards
  • Low credit limit of $300
  • High APR of 24.90%
  • No low intro APR

What Is the Indigo® Platinum Mastercard®?

Indigo® Platinum Mastercard® prides itself on being the card that you can get with less than perfect credit, plus a fast pre-qualification.

This Utah-based Celtic Bank card reports all monthly payments to the three most popular credit bureaus to improve your chances of getting better credit. Why and how do they do this? By helping you build a positive payment history.

This unsecured credit card is pretty good for those of you with no credit history or those trying to change your credit history from bad to good.

The low and fixed credit limit of $300 enables you to spend little and build big; just be sure not to overspend, or you’ll soon be in debt, maxing this card out.

The annual fee associated with the Indigo® Platinum Mastercard® can range anywhere from $0 to $99, depending on your application status and how long you’ve had the card.

To start, Indigo® can place you at a $0, $59, or $75 annual fee for the first year, with a $99 fee every year after that.

Fortunately, this is great news if you’re looking for small emergency borrowing and can’t find someone to fund you.

If you’re not ready to commit to this credit card, that’s ok, too. You can check if you’re pre-approved with no negative impact on your current credit score, and then you can make the decision afterward.

One of the not-so-good aspects of this opportunity is that the credit card has absolutely no rewards and a fixed and fairly high APR, making it a bad idea to carry over a balance from month to month. There is also no low intro APR to get you started on your feet.

How Does the Indigo® Platinum Mastercard® Work?

The Indigo® Platinum Mastercard® has a few priorities you’ll want to concern yourself with.

With this credit card, you can prequalify easily with a soft credit inquiry. This basically means you can see if you’re eligible without applying.

No application submitted, no hard credit inquiry. No hard credit inquiry, no affect on your current credit. However, this does not mean you’re guaranteed approval.

On the bright side, the Indigo® Platinum Mastercard® does help rebuild creditfor people with bad credit. How? It reports monthly to the three major credit bureaus. Just be sure to pay your bill on time and to not max out your credit line.

The fees do vary depending on your creditworthiness, though. You may qualify for $0, $59, or $75 annual charged fees for the first year and $99 thereafter.

With the Indigo® Platinum Mastercard®, you can borrow up to $300. If you have the card for more than one year and get charged the $99 annual fee, that means you could have as little as $201 to spend at a time.

Unfortunately, the Indigo® Platinum Mastercard® charges interest at a high rate. This means balances that are carried from month to month will quickly accrue interest. We suggest you pay off charged amounts as soon as possible.

Indigo® Platinum Mastercard® Review

  • Annual Fee: $0-$99 per year. Depending on credit history, you may qualify for a $0, $59, or $75 annual fee for the first year. After that, a $99 annual fee will automatically be charged to your account.
  • Regular APR: 24.90%.
  • Recommended Credit Score: 300 – 579.
  • Rewards: None.

Indigo® Platinum Mastercard® Features and Benefits

The Indigo® Platinum Mastercard® has quite the list of features and benefits.

For starters, you’re able to choose from multiple different cards designs to show off your style in whatever way you choose.

As you go further down the features and benefits lineup, you’ll find that this specific credit card allows 24/7 account access via your cell phone or computer. Not to mention the transactions are more secure with the chip feature that this card showcases.

On the bright side, the Indigo® Platinum Mastercard® will help you build credit through its monthly reporting to the bureaus if payments are made on time.

Additional features and benefits include:

  • Extended warranty coverage
  • Travel assistance services
  • Widely accepted abroad with a 1% foreign transaction fee
  • Soft credit pulls with no credit impact before application
  • A fast and easy application process that takes less than 5 minutes
  • High approval rate

Helps You Build Credit

The Indigo® Platinum Mastercard® doesn’t just say it helps you build credit; it lives up to its word.

Applying for this credit card and getting approved will give you a starting advantage on the path to good credit.

Though the credit limit is fairly low, totaling in at $300, give or take, it does still help you achieve your credit goals.

Just be sure to keep the balance low or at $0, make your payments monthly, don’t allow interest to accrue, and never miss a due date.

Borrow Up to $300

The credit limit with Indigo® Platinum Mastercard® is $300, but you should always keep in mind that there is quite often an annual fee that needs to be applied.

The low borrowing limit will keep you on a budget, especially if you have an annual fee of up to $99 per year.

Pay it off monthly, and you won’t have any attacks on your current credit score; in fact, you’ll get your credit to rise!

Varying Fees

The APR for regular purchases is indeed 24.90%, but other fees are applicable, too.

For all cash advances, a 29.90% APR is applied. If you miss a payment, your interest will also jump to 29.90%, along with a late fee of up to $40.

The first year you are eligible for 0% fees on all cash advances. After this, $5 or5% of each transaction amount will be charged to your account, whichever is more.

These varying fees are outside of all previous fees already discussed.

Easy Online Application

The online application for the Indigo® Platinum Mastercard® is fairly simple and easy to do. In fact, most applicants can get the process done in under five minutes, so long as you have your name, social security, and current address ready to go.

High Approval Rate

The Indigo® Platinum Mastercard® does have a high approval rate due to the fact that it is designed for those with less than perfect credit history or those with no credit history at all.

Getting an account with Indigo® is not difficult at all, but the way your credit is currently standing will determine how much money you are granted and how great your annual fee is.

How Does the Indigo® Platinum Mastercard® Compare to Other Cards?

This question is often asked when borrowers are looking for a good borrower to entrust their future credit score. Good thing we’ve compiled a few comparisons below for you to take a look at.

#1. Indigo® Platinum Mastercard® vs. Secured Mastercard® from Capital One®

Just like the Indigo® Platinum Mastercard®, the Secured Mastercard® from Capital One®, too, is great for those with bad credit.

The Secured Mastercard® from Capital One® stands with a 26.99% variable APR and absolutely no annual fee. You can apply with a very poor credit score, but there is no intro APR.

Additional reasons why borrowers may want to apply for this card include the fact that there are no foreign transaction fees, and the company reports to all three major credit bureaus each month. Just like the Indigo credit card, this one does not offer any rewards.

#2. Citi® Secured Mastercard® vs. Indigo® Platinum Mastercard®

The Citi® Secured Mastercard® is another credit card worth considering if you have bad credit or no credit at all.

In comparison to, the Citi® Secured Mastercard® stands with a 22.49% variable APR and absolutely no annual fee.

Just like that of the Indigo, though, this major credit card does not have any different intro APR for customers applying.

A few other similarities these two cards share is that they are both accepted worldwide. They both report to all three credit bureaus each month so that you can check in on how your credit score is doing.

Qualify with little credit, bad credit, or no credit. Just remember, there are no rewards with this card, and the high APR may not be worth it for some.

#3. Indigo® Platinum Mastercard® vs. Discover it® Secured Credit Card

The Discover it® Secured Credit Card is also another credit card that caters to those with bad credit or no credit. It’s also great for anyone new to the credit card market.

This special card is a lot different from the Indigo® Platinum Mastercard®. For starters, there is absolutely no annual fee.

If you look into the additional benefits, you’ll find that cash back reward earnings are available, and at the end of the first year, Discover it® will double your cash back rewards.

Not to mention that you’ll also be able to check your FICO score just about whenever you want.

The only downfalls with this card are that the rewards do cap off. And, this card is a secured card, meaning it will require a deposit that can later be refunded to activate the card.

#4. Indigo® Platinum Mastercard® vs. Upgrade Visa® Card

The Upgrade Visa® Card is yet another choice for those with low credit scores or no credit.

Unlike the Indigo® Platinum Mastercard®, this credit card has absolutely no annual fee and a different APR range from 8.99% to 29.99% depending on your past credit history.

As a borrower, you’ll be able to earn 1.5% unlimited cash back on purchases every time you make a payment.

Let’s not forget about the $0 activation fee and $0 maintenance fee yearly.

Frequently Asked Questions

Is the Indigo Credit Card Legit?

Yes, the Indigo credit card is very legit. However, it is risky business, opening a credit card with a low credit limit of $300. All we can say is be careful not to overcharge purchases, miss monthly payments, and let accruing interest linger.

How Much is the Indigo® Platinum Mastercard® Annual Fee?

The annual fee for the Indigo® Platinum Mastercard® can be either $0, $59, or $75 the first year that you’re a customer. After that, a $99 annual fee will be applied yearly for as long as you have the card open.

What Credit Score Do You Need for the Indigo® Platinum Mastercard®?

Credit scores starting at 300 upwards to 579 can be accepted for an Indigo® Platinum Mastercard®. Other borrowers can be accepted above a 579, but we highly recommend you only apply for this credit card if you need to rebuild or start out on your credit journey.

Is the Indigo® Platinum Mastercard® Worth It?

This question has a tricky answer to it, and it all depends on your personal preference.

This card can give you a good starting point if you’re looking to rebuild or start out on your new credit journey.

It will limit you to $300 and will potentially help you stick to a tight budget. If that number doesn’t look good and you think you’ll go over your limit, this may not be the card for you to build credit with.

Bottom Line: Indigo® Platinum Mastercard® Review

The bottom line is this: If the credit limit works for you and you know you can pay down the card every single month, go for it.

Just remember that low credit limits can hurt your credit score if you have a high utilization rate. Pay off your bill at the end of every month and make sure your payments are all on time. That’s how you’ll get a high score in a short period of time.

Don’t forget that you will have a $99 annual fee added to your bill after the first year, which means that in the first month, you’ll only have approximately $201 to spend on the card.

The thing with Indigo® Platinum Mastercard® is that you’ll always want to be aware and be on top of how much you’re spending so that you don’t go over and won’t miss a payment and potentially miss a payment have significant late fees to worry about, too.

Though this card presents itself as the card you can get with less than perfect credit, it may or may not be the right starting point. The balls in your court; will this borrower help you improve your credit?

Jennifer Pacheco

Jennifer Pacheco attended the University of Dartmouth, Massachusetts where she earned her degree in English Writing & Editorial Work. She is a seasoned personal finance writer with over 5 years of professional work under her belt, and supplies easy-to-read information that’s educational, engaging, and conversational to help you make the most of your money.