- No security deposit required so you can keep more money in your pocket
- Pre-qualify without impacting your credit score
- Shine brighter with a credit card as unique as you
- Get access to a credit card you can use online, in store and in app where ever you see the Mastercard logo
- Build on your credit history with style
- Worry free spending with $0 liability on unauthorized charges!
- More credit for your everyday needs
Our name is CashSpotUSA, and with this article, we will lead you on the way to good credit history. Many people are worried about their poor credit scores without even knowing that the situation can be improved. Unfortunately, a low credit score frequently leads to a low credit limit, and this is something some people prefer to avoid. But a bad credit score can be improved.
In this text, we will discuss such a phenomenon as an Indigo Credit Card. We will talk about its advantages and issues to be improved so that you could make a conclusion on your own. Let’s get to the point.
What Is Indigo Platinum Mastercard?
An Indigo platinum MasterCard is a card that can become salvation for people with poor loan history. Low scores are not a problem for those who decided to pick this option.
This MasterCard reports to the major credit bureaus: to Equifax, to TransUnion, and to Experian. This means that with the help of it you can build credit or improve one. This is the first obvious advantage of this option.
However, credit card issuers warn you that you cannot count on large sums with it. The limit is 300$ — and you should keep it in mind before applying for it.
More Pros And Cons Of Indigo Card
A nice feature that will probably please those who are especially worried about their scores is that one can pre-qualify for a card without getting a damaged credit. This means that you will get a real picture of whether you will later be approved or not without changing the score at all.
However, there is a significant issue about Indigo: it suggests a high annual fee. If you have less than perfect credit, chances are that you will be charged a significant amount of money every year.
The APR of a card almost achieves 25% — this is something you also should be ready for when picking this card option.