![]() ![]() Nothing is guaranteed, but the Indigo Card is explicitly designed for people with poor or no credit. This gives the card issuer flexibility, tailoring the card offered to the borrower’s credit history and approving more people. Some have a waived or reduced fee in the first year, while others charge the full fee immediately. Some agreements include annual fees, while others use a monthly fee structure. In contrast, the Indigo Card has 20 different card agreements listed on its website, each with different interest rates and fees. Most cards have relatively set fees and may also have a small range of interest rates that they can charge based on each applicant’s credit history. However, one difference is how the Indigo Card handles interest rates and fees for people with different credit profiles. Like the Indigo Card, these cards tend to have high-interest rates and fees to compensate for the fact that no security deposit is required. There are many credit card companies that offer unsecured cards designed for people with poor or limited credit. There isn’t much about the Indigo Card to differentiate it from the competition. In short, this card might be a good option if you have poor or no credit and limited funds. Its low limit also makes it a good fit for people who want to reduce the temptation to overspend. This card does not require a security deposit, meaning it works great for people who are short on cash or unwilling to offer a deposit. Given that this card is designed to help you build or rebuild your credit, it works best for those with a poor credit score (typically between 300 and 579) or no credit. ![]() The Indigo Card is a good fit for a few different types of people. Ready to learn more? Let’s take a look at the details. average of 19.07%) and starts at a credit limit of only $300, it may not be a perfect fit for everyone. However, because the Indigo Card carries a minimum APR of 24.9% (5 basis points above the U.S. This is an intriguing characteristic for people just beginning their credit journey or with no extra cash to put toward opening an account. The Indigo Credit Card is issued by Celtic Bank, a privately owned industrial bank based in Salt Lake City, Utah.ĭesigned for people who have a poor credit history - or have no credit history at all - the Indigo® Mastercard® does not require a security deposit. Loan Payoff Calculator: How Quickly Can You Repay Your Loan?.Auto Loan Interest Calculator: Monthly Payment & Total Cost.How To Pay Medical Bills You Can’t Afford.Best Car Insurance For College Students.Should You Get Home Contents Insurance?.How Much Should You Contribute To Your 401(k)?.How Much Do You Need To Have Saved For Retirement?.The Beginner’s Guide To Saving For Retirement.Investment Calculator: How Much Will You Earn?.How To File A FAFSA As An Independent Student.Best Companies For Student Loan Refinancing in 2023.Best Personal Loans For Excellent Credit.Understanding Overdraft Protection and Fees.Balance Transfer Calculator: How much can you save?.Credit Score Calculator: Get Your Estimated Credit Score Range. ![]()
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