Review: Is the Indigo® Platinum Mastercard® Credit Card for you? | finder

Review: Indigo® Platinum Mastercard® Credit Card – June 2018

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A no-frills card for those with less-than-stellar credit to build a consistent payment history.

There aren’t any standout features to the Indigo card, save for one: You may qualify with mediocre, low or no credit. The card offers a 23.9% variable APR. But those who diligently pay their balances could benefit from reporting to all three major credit bureaus.

Product NameIndigo® Platinum Mastercard® Credit Card
APR for Purchases ( Purchase Rate )23.9% variable
Annual fee$75 annual fee for the first year ($0 to $99 thereafter)
Cash Advance Rate29.9% variable
Card TypeMastercard
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 25 days
Returned Payment Fee$38
Minimum Interest$0.50
Minimum Credit ScorePoor (Below 660)
Minimum Age18 years of age
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
Annual fee$75 annual fee for the first year ($0 to $99 thereafter)
Returned Payment Fee$38
Over The Credit Line Fee$38
Late Payment Fee$38
Cash Advance FeeFirst year: $0. After first year: $5 or 5% of the amount of each transaction, whichever is greater (not to exceed $100)
Additional Cardholder Fee$25

Indigo® Platinum Mastercard® Credit Card review

If you’ve had trouble establishing or building credit, the Indigo card might be for you. It doesn’t come with the bells and whistles of other cards. Instead, it offers a chance for those with less-than-stellar credit to strengthen their credit through consistent payments on everyday spending. Depending on your credit, you may even qualify for an annual fee of $0 to $99 p.a..

However, be sure to pay off your monthly balance within the interest-free grace period. The Indigo card comes with a higher-than-average 23.9% variable purchase APR, and your APR could balloon to 29.90% indefinitely after even one late payment.

The perks

  • Potential $0 annual fee. If your credit profile meets the requirements, you could qualify for no annual fees.
  • Get prequalified. If you have no credit or bad credit, ask for preapproval in minutes.
  • Choose your card design. Select your design from an array of fun splashes of color, lion cubs, a city skyline, a beach scene and more.
  • Reports to credit bureaus. This card reports your responsible spending to the three major credit bureaus — Equifax, Experian and TransUnion — which can ultimately improve your credit score for better rates on mortgages, car loans and other financing.

The nuts and bolts

  • No balance transfers. If you’re thinking about consolidating balances from other cards, consider another card — Indigo doesn’t offer the option.
  • Lenient cash advance fees for the first year. You’ll pay no cash advance fees in your first year. In your second year, the fee is $5 or 5% of the transaction amount, whichever is greater (not to exceed $100). And there’s no grace period for cash advances — you’ll pay 29.9% variable interest for the privilege.
  • 25-day grace period for purchase interest. Take advantage of 25 days from the close of each billing cycle to pay off your purchases before paying interest.
  • Annual fee depends on your credit. You could qualify for a $0 or $59 annual fee. Another option is paying a $75 annual fee on opening your account and a renewal annual fee of $99.
  • Authorized user fee. To add another person to your account, you’ll pay $25.
  • Late and returned payment fees. If your late payment is the first in six billing cycles, you’ll pay a $27 fee. Otherwise, the fee is $38. The same structure applies to returned payment fees.
  • Foreign transaction fee. To use your credit card for a transaction involving foreign currency, you’ll pay a fee of 1% of each transaction in US dollars.
  • No rewards or cash back. This no-frills card is best for leveraging everyday purchases to build or rebuild your credit score

How to apply for the Indigo® Platinum Mastercard® Credit Card

Always consider your options and your financial situation before you apply for a credit card.

Eligibility criteria

  • You’re at least 18 years old (or 19 in Alabama).

Required documents and information

  • Your full name and personal contact information
  • Your email address and phone number
  • Your Social Security number and date of birth
  • In some cases, bank account information, employment details and annual income

Payment methods

Options for making a payment on your Indigo® Platinum Mastercard® Credit Card include:

  • Immediate payments online through
  • Paying by phone at 866-946-9545.
  • Make a payment through MoneyGram.
  • Sending a check or money order to Bankcard Services, PO Box 4477, Beaverton, OR 97076-4477.

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Megan Horner

As the assistant publisher of credit cards at, Megan is passionate about helping you compare and find the best credit cards for your situation, whether that is earning great rewards or improving your credit score. In her previous position, Megan worked as an assigning editor at Credit Karma, where she focused on editing and publishing educational articles on credit cards. Megan started her career as a writer at a comparison website, so she has a longstanding background in surfacing the best deals and helping people make decisions. In her spare time, Megan likes to hike, camp, surf, and read.

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10 Responses

  1. Default Gravatar
    JenhuneyJune 23, 2018

    How much is the “over the limit” fee if I was to take out that coverage? Can’t find this answer anywhere.

    • finder Customer Care
      nikkiangcoJune 24, 2018Staff

      Hi Jenhuney,

      Thanks for your message.

      The overlimit fee of Indigo Platinum is $38.


  2. Default Gravatar
    SpenserMarch 28, 2018

    With the indigo platinum mastercard does anyone know the cash advance limit? And can you just go into a bank to get cash

    • finder Customer Care
      JoshuaMarch 28, 2018Staff

      Hi Spenser,

      Thanks for getting in touch with finder.

      The cash advance limit depends on your credit limit. For this card, the maximum credit limit is $300. However, you will only know your exact credit limit upon approval. Please note that there’s cash advance fee that you need to pay. (First year: $0. After first year: $5 or 5% of the amount of each transaction, whichever is greater (not to exceed $100)).

      Normally, you don’t go to a bank to get the cash advance. You get the money out at an ATM or buy gift cards. You may want to know some other important things to know before getting a cash advance on your credit card.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  3. Default Gravatar
    TyroneJune 25, 2017

    How do you add an authorized user to your account?

    • finder Customer Care
      HaroldJune 26, 2017Staff

      Hi Tyrone,

      Thank you for your inquiry.

      While we do not represent any company that we feature on our pages, we can offer you a general advice. It would be nice to coordinate directly with the credit card company to clarify this matter. You can call their customer service at 1-866-453-2636.

      I hope this information has helped.


  4. Default Gravatar
    TazzApril 13, 2017

    What other payment can I make on my indigo card

    • finder Customer Care
      HaroldJuly 10, 2017Staff

      Hi Tazz,

      Thank you for your inquiry.

      The payment method options for Indigo Platinum Mastercard are the following:
      1. You can make an immediate payment online through
      2. Call Indigo (866-946-9545) to make a payment over the phone
      3. Make a payment through MoneyGram
      4. Send your check or money order through the mail. Their address is: Bankcard Services PO Box 4477 Beaverton, OR 97076-4477

      I hope this information has helped.


  5. Default Gravatar
    CynthiaMarch 10, 2017

    can indigo be used anywhere mastercard is accepted

    • finder Customer Care
      AnndyJuly 1, 2017Staff

      Hi Cynthia,

      Thanks for your question.

      Yes, you may use this card anywhere MasterCard is accepted. You can also use it overseas.


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