Indigo Credit Card

The Indigo Mastercard is primarily aimed at individuals with poor or fair credit scores, offering an opportunity to build or rebuild credit without requiring a security deposit.

Indigo® Mastercard® for Less than Perfect Credit
  • Now with higher credit limits
  • Increase your access to available credit
  • Higher limit than before, still no security deposit required!
  • Greater access to credit than before
  • Less than perfect credit is okay
  • Mobile account access at any time
  • Account history is reported to the three major credit bureaus in the U.S.
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Intro Rate: N/A – Intro (Purchases): N/A – Intro (Balance Transfers): N/A – Intro APR Period: N/A – Purchase APR Rate: 35.9% – Annual Fee: $175 – $199 – Credit Needed: Bad/Poor/Fair – Foreign Transaction Fee: 1% of each transaction in U.S. dollars

Pros:

  • No credit score requirement: This is a major advantage if you have limited credit history or past blemishes.
  • Reports to all three credit bureaus: Using the card responsibly and making payments on time can help you build credit over time.
  • Wide acceptance: Mastercard is accepted at millions of locations worldwide.
  • No security deposit: Unlike secured cards, you don’t need to tie up cash upfront.

Cons:

  • High annual fee: The annual fee can range from $175 to $199, which can be a significant cost for someone rebuilding credit.
  • High interest rate: The APR is typically around 35.99%, which means you’ll accrue significant interest charges if you carry a balance.
  • No rewards: You won’t earn any cashback, points, or travel miles with this card.

Alternatives to Consider:

  • Capital One QuicksilverOne Cash Rewards Credit Card: Unlimited rewards – Earn 1.5% cash back on every purchase, every day. You could receive a higher credit limit in just 6 months..
  • Milestone Mastercard: $700 initial starting credit limit, similar approval odds and lower fees / interest.
  • Secured cards from your local bank or credit union: These may offer lower fees and interest rates, especially if you already have a banking relationship with them.

Recommendation:

If your primary goal is to build credit and you’re confident you can manage your spending responsibly and avoid carrying a balance, the Indigo Mastercard could be an option. However, the high annual fee can quickly outweigh the benefits.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.