Indigo Platinum Mastercard Reviews - What Is It?
DO NOT USE Indigo Platinum Mastercard!!! You Must Read This Review!
Fully Researched: Price, User Feedback and More!
Indigo Platinum Mastercard may be a perfect starter card available on the market. It offers several benefits including a good way to build up your credit if you don't wish to put up a cash deposit for a secured card. Your credit limit won't depend on your cash deposit with this card, but it will be determined as soon as your card application is accepted. No matter which credit limit you have, you are recommended to use this card responsibly. Remember that your payment history is reported to all three credit bureaus, which gives you the opportunity to show your financial responsibility over time. We have made a thorough research and found out what the Indigo Platinum Mastercard offers. Is it really the best starter card? To answer this question let us take a look at the major features on this card.
This credit card can be suitable for someone who has just graduated from college or high school and wants to build a credit history from zero. What we like most of all about this card is that it is unsecured for building credit. With this card you will not need to make a cash deposit, which is a great benefit for many cardholders. Having some gaps or blemishes in your credit history won't disqualify you from being able to get this card. You can prequalify without a hard inquiry but it should be kept in mind that prequalification does not guarantee approval and, if you do apply for the card, you will face a hard inquiry in your credit files. Indigo Platinum Mastercard is designed to help you in the beginning of your credit journey. So, your card's use will be reported to all three credit bureaus, which may allow you to qualify for a more rewarding credit card later on.
Customer Reviews - Does Indigo Platinum Mastercard Really Work?
There is a great number of customer reviews about this card on third-party websites with the majority of users being pleased with the product. One guy reports that he had read the actual customers' reviews about this card before getting it. The major reason why he decided to apply for it is because the main complaint about the card is because the applicant didn't read carefully enough about what they were signing up for. The company itself is not to blame. Any potential cardholder should read about the card very carefully! The man writes that he expected the annual fee on the card when it arrived because he read about it on the official website. He was happy to be approved for the card and it arrived within seven days only. The man activated it without any problems and even used the it out of town with no issues at all. It has never been declined out of the town. He hasn't used the customer service so he can't say anything about it, but the website has worked pretty well for him all the time. He plans to come back in several months to report his experience of using the card. The man does not plan to keep this card forever, he uses it merely to help his credit score again because he doesn't have money to put onto a secured card at the moment. The only drawback is that the interest rate with this card is rather high, so the man doesn't really want to use it for anything else.
One woman reports that she applied for Indigo Platinum Mastercard and was approved for the $300 line of credit in the beginning of August and the card to showed up in three weeks. The woman thinks that her score was between 600 and 620 at the time. She called the company's customer service once because her card arrived after the due date. The female rep was polite and attentive. The due date changed to the next month. In general, the cardholder has not had any negative experiences with her account. No fraud, no over the limit fees, no declines, no cash advances, no interest fees and no late fees. She says that she pays her balance off in full on a monthly basis before the reporting date! If you don't wish to pay interest, you should pay your balance in full. The company offers an over the limit service for $35-39. They also offer cash advance to new customers for free within the first year. But you will have to wait for three months before you can use this feature. The woman recommends others to pay your balance on a weekday to reduce the number of days of processing. She has noticed that if she pays on a weekday, her payments usually process overnight and when she pays on a weekend or Friday it takes about a week.
Another customer applied for Indigo Platinum Mastercard after reading all reviews he could find. He is in the process of rebuilding and despite some negative reviews the man did apply. He knew about the annual fee. He is going to keep it for a year to build credit and then cancel it. He activated the card online and saw that he owed $75 and that he had a $300 limit with $0 available credit. The man activated the card which then showed that it had $225 available. He decided to pay the $75 since he was afraid that he would be charged late fee. The man did all this around 6-7pm and the next morning the funds had been withdrawn from his bank. He also saw that the credit amount had been credited to his account. He was amazed with this. His only complaint was the antiquated website. It is high time to take a look at the real customers' reviews about Indigo Platinum Mastercard available online.
"I got Indigo Platinum Mastercard with "bad credit" and used it responsibly. I made payments on time and had no issues with doing this via the website. As a result, my credit rating has significantly improved and now I am able to get better cards. I closed my mastercard after eleven months. The customer service was helpful when I was closing the card. I do recommend this card for beginners."
"When I was 18, I didn't understand the issues of credit. I got approved for a Student Discover card with a $900 limit. I messed up and now at the age of 25, I am still having problems with my credit. A few weeks ago, I received a preapproval offer for the Indigo Platinum Mastercard in the mail and I thought to myself "why not?" Now I am approved for a $300 limit. I can use it for my gas expenses and pay off every time I get my paycheck. I am grateful for giving me a second chance so I can resolve my problems. I haven't needed to contact the company's customer service yet but I have heard many positive reviews about them."
"Indigo Platinum Mastercard is helpful for me. It works great. The website works well, the payments process smoothly. I was pleased with smooth activation. Few modern banks are willing to work with clients who have bad credit. Indigo is one of them. The only drawback is that the interest rates are rather high. I am grateful to have this company helping me with rebuilding me credit. The card does what it is intended to do. I hope this review will help others."
My Final Summary
Summing up everything we have learnt about the Indigo Platinum Mastercard, this card appears to have many advantages. It is unsecured for building credit. The company behind it is reporting to all three major bureaus. The prequalification does not have a hard inquiry. However, you should consider a few things before applying for this card. It comes with a rather high annual fee ($75 - $99), which depends on your credit profile. Annual fees are a rule for cards for people with less-than-perfect credit. Indigo Platinum Mastercard also comes with a little high purchase annual percentage rate (23.90%) and a late payment fee (up to $38). If you opt for this card, you should consider your escape plan ahead of time. It is recommended to review your credit. Within a year, this card will improve your credit to the point that you can qualify for a better credit card if you are a responsible cardholder, of course. This card is perfect for those who are rebuilding their credit or trying to establish credit for the first time. Taking into account all advantages and disadvantages of the Indigo Platinum Mastercard, I do recommend this card.
Indigo Platinum Mastercard Pricing and Rates
The company behind the card charges an annual fee of $75 - $99 depending on your credit profile. Remember that your payment history with this unsecured credit card will be reported to the major credit bureaus, so it you get a chance to build good credit. Variable APR for purchases is 23.90% and late payment fee is up to $38.