The “perks” offered, like “multiple design options” are, at least in this case, quite literally shiny distractions for a bad option. The annual fee counts against this credit limit when the account is opened, as it’s charged to the account. None of the cards offer rewards, none offer low introductory APR and most versions of the card have a credit limit of only $300.
The annual fees for the Indigo Mastercard range from $0-$99. What is “credit” when food on the table is at risk? But that’s where issuers can cash in: when consumers are stuck in the cycle of needing to pay high annual fees and high interest rates to afford necessities. In those cases, we’ve seen annual fees as high as $125.Ĭertainly, spending higher than 30% of a credit limit is an option and for those who need to do it at the cost of creditworthiness, that’s just survival. Note that you may receive an offer for another annual fee through another marketing channel, like mail. To the folks whose credit has been damaged, there is no perfect world. But those applying for a $300 line of credit likely need at least $100-they may not have $100 to pay down a balance that frees up another $100. How does one do this when presented with an annual fee as high as $99 on a credit limit of $300? Is it possible? Sure, in a perfect world. It’s advisable never to use more than about 30% of available credit in order to maintain a healthy credit score. If you are looking for a new credit card, the Indigo Card is definitely worth considering.The Indigo Mastercard advertises help to those with bad credit, but contributes to a system that keeps those with low and damaged credit in a vicious cycle of financial hardship.Ī major factor in the determination of a credit score is the credit utilization ratio which is the amount of debt incurred versus credit available. You can also use the card to manage your finances and track your spending.
By activating the card, you can get discounts at participating stores and earn cash back on your purchases. The Indigo Card is a great way to save money on your shopping. You can also sign up for text or email alerts to help you stay on top of your account activity. To keep track of your spending, you can check your balance and transactions online or by phone. Just look for the Mastercard logo at the ATM.Ĥ. You can also use your Indigo Card to withdraw cash from any ATM that accepts Mastercard. You can use your Indigo Card anywhere Mastercard is accepted, including millions of retailers worldwide and online.ģ. Once your card is activated, you’ll be able to set up a 4-digit PIN.Ģ. That means you can use it for shopping, online purchases, and even to withdraw cash from ATMs. Your Indigo Card can be used anywhere that Mastercard is accepted. Additionally, the Indigo Card allows users to build up their credit score by making on-time payments and maintaining a good credit history. Some of these benefits include cash back rewards, no annual fee, and a low interest rate. The Indigo Card is a credit card that offers many benefits to its users. With a little bit of care, your Indigo card can help you build a strong credit history that What are the Benefits of an Indigo Card? Be sure to keep track of your spending and make payments on time in order to avoid any penalties or fees. It’s really that simple! Once your Indigo Platinum Mastercard is activated, you can start using it right away.
Once your number is entered, just follow the instructions on the screen to complete activation. Or, if you prefer, you can go online to the activation website listed on the sticker and enter your 16-digit number there. You can activate your card by calling the number on the sticker and following the instructions given by the automated system. Note: We recommend only contacting official helpline number: 1-80 to activate your Indigo Card Once you have that number, you have a few options for activating your card. It will have a 16-digit number that you’ll need in order to activate your card. First, find the activation sticker on your card.
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