Learn how to apply for the Indigo Platinum Mastercard
Got poor credit? The Indigo Platinum Mastercard is a financial tool aimed at those who need to build or rebuilt credit.
What do I need to know about the Indigo Platinum Mastercard?
The Indigo Platinum Mastercard is a financial tool aimed at those who need to build or rebuilt credit. It is ideal for less-than-perfect credit.
By making regular on-time monthly payments, you can demonstrate the kind of financial responsibility that many lenders look for when evaluating your creditworthiness.
Your payment history with the Indigo Mastercard is reported to all three major credit bureaus and making on-time payments can help you build a good payment record.
Establishing a good payment record may help you qualify for better rates on mortgages, car loans, and other forms of credit.
The Indigo Mastercard is an unsecured credit card, which means that it does not require a security deposit or any other collateral for your credit line.
Needless to say, you will be able to manage your Indigo Platinum Mastercard online. Once you are approved and receive your new credit card, you can create a login and password on Indigo’s secure site. Your online account allows you to manage your account and easily pay your bill.
Enjoy peace of mind with Indigo Platinum Mastercard. If your card is lost or stolen and used without your permission, you may not be responsible for those charges.
One more thing worth mentioning, it is possible to use your Indigo Platinum Mastercard to get cash advances at many financial institutions (although that’s subject to credit approval, obviously). Once approved, you may call and request a personal identification number (PIN) to be sent to you in the mail; your PIN allows you to securely access cash at many ATMs.
Who can apply for the Indigo Platinum Mastercard?
Anyone who is interested in establishing or rebuilding their credit can apply for the Indigo Mastercard. To be pre-qualified or approved, you must:
- Must be at least 18 years old (19 in AL), and have a valid social security number, physical address, and a US IP address.
- Not have had an Indigo Mastercard Account that charged off due to delinquency.
- Meet additional credit qualification criteria, including a review of your income and your debt, and identity verification requirements.
The Indigo Platinum Mastercard is designed for applicants with poor credit (which Experian, one of the three credit bureaus, defines as having a credit score of between 300 and 579) who want to build or rebuild their credit history.
How to apply for the Indigo Platinum Mastercard?
First, see if you’re pre-qualified at Indigo’s website. Then submit the quick pre-qualification form and get results within minutes.
There is no apply-by-phone option at this time.
Is it worth it to have an Indigo Platinum Mastercard?
Since your account history is reported to all three major credit bureaus this gives you the chance to establish a consistent payment record while enjoying the convenience of a credit card.
Indigo has a low and fixed credit limit of $300, with no process disclosed by which to increase it. That low limit makes the Indigo Platinum Mastercard a card more for people eager to build their credit than those who want to actually use it to make purchases.
Indigo Platinum Mastercard vs Premier Bankcard Mastercard
Like the Indigo Platinum Mastercard, the Premier Bankcard Mastercard assists the cardholder in building or rebuilding credit. It reports to all three major credit bureaus.
If you use your Premier Bankcard correctly, without missing your payments, you can raise your credit limit after 12 months.
When you apply for the Premier Bankcard Mastercard, you have a high probability of being approved. So it is one more option in case you can’t get approved when applying for the Indigo Platinum Mastercard.
Indigo Platinum Mastercard benefits
- Card activity reported to credit agencies.
- No security deposit is required.
- $0 annual fee option for those who qualify.
- 1% foreign transaction fee (a smaller percentage than the average for cards like this..
- Easy to qualify.
Premier Bankcard Mastercard benefits
- Card activity reported to credit agencies
- Free FICO score access.
- High probability of being approved
How to apply for your Premier Bankcard Mastercard
How about learning a little more about the Premier Bankcard Mastercard? It also proposes to build and rebuild credit which may be an option for you.