Indigo® Platinum Mastercard® is an ideal credit card specially designed for people with low to zero credit scores. This is an unsecured card that offers numerous benefits to its users. In this article, we will discuss all these beneficial features in detail.
Secure MyIndigoCard.com Login Portal:
This login portal [MyIndigoCard.com] is a safe platform that allows cardholders and registered users to safely access their credit accounts. This platform can also be used to activate the card and to receive various apps offers and rewards too.
Lenient Eligibility Criteria:
The eligibility criteria are extremely lenient. Anyone with a bad credit score can apply for this card. Their annual fee will vary depending on their creditworthiness, but other than that, this is an easily attainable card for everyone with a bad credit history.
Credit Building:
The Indigo® Platinum Mastercard® is issued by Celtic Bank, Salt City, Utah, in partnership with Genesis FS Card Services. They report to all three major credit bureaus, namely Equifax, TransUnion, and Experian.
If the cardholder makes regular payments and keeps their balance within their credit limit, they have a high chance to receive a positive uphaul from these bureaus, and the chance of credit building increases.
No Security Deposit:
Since this is an unsecured card, therefore, no security fee is needed to be deposited to open the credit account.
Most people with bad credit scores have very limited options to borrow credit. Majority of the lenders back out because of poor payment records and the low creditworthiness of the applicant. Only a few options remain for such people, and one such option is that of a secured credit card. But it requires hundreds of dollars sum of security deposit.
There is no such thing associated with the Indigo® Platinum Mastercard®, thus making it an ideal choice for many people out there who are struggling with their dwindling finances.
Variable Annual Fee:
An annual fee ranging from $0- $99 is charged, but it depends on the creditworthiness and past credit record of the applicant. So, there is always a chance that you may qualify for an extremely low annual fee too, and that is a benefit that other cards for subprime borrowers do not offer.
Considerably Low APR:
The Indigo® Platinum Mastercard® comes with an approximate 23.9% APR. This value is considerably lower than what many other competitors of Indigo® Platinum Mastercard® offer.
No Account Opening Fee:
There is no account setting up fee associated with the Indigo® Platinum Mastercard®. Many other unsecured cards that are meant for subprime borrowers charge a one-time account setting up fee as well as an annual fee that is deducted from the available credit too.
But with this card, the cardholder can expect no additional charges that may burden them furthermore.
Pre-Qualification does not affect the credit scores:
The pre-qualification process is very simple. You can easily check your credit scores, the annual fee that you will be subjected to based on your creditworthiness, and your rate through the Myindigocard.com login portal without affecting your credit scores.
Miriam Caldwell has been working as a freelance writer about budgeting and personal finance basics since 2005. Caldwell’s work has been published by GOBankingRates, The Balance, and BlissfullyDomestic.com. She teaches writing as an online instructor with Brigham Young University-Idaho and is also a teacher for public school students in Cary, North Carolina.