For those who feel like they’re on the outside looking in when it comes to credit, the Indigo Platinum Mastercard is designed to be a welcoming and accessible starting point. This unsecured credit card is specifically created for individuals with less-than-perfect credit, even considering those with a prior bankruptcy. It offers a genuine opportunity to build a positive credit history without the barrier of a security deposit.
Think of the Indigo Card as your personal pathway to financial progress. It’s a tool that empowers you to demonstrate your creditworthiness through responsible use, reporting your on-time payments to all three major credit bureaus. With the security and nationwide acceptance of a Mastercard, you can make everyday purchases while confidently taking the steps needed to write a new, successful chapter in your financial story.
Core Features and Benefits
- Designed for Less-Than-Perfect Credit: This card’s most important feature is its accessibility. It’s built for those with fair, poor, or limited credit histories, giving you a solid chance at approval.
- Considers Past Bankruptcies: Unlike many other cards, a prior bankruptcy on your record won’t automatically disqualify you from being considered.
- No Security Deposit Required: As an unsecured card, it allows you to get started without needing to provide an upfront security deposit, which is a significant advantage if your funds are limited.
- Reports to All Three Major Credit Bureaus: Your payment history is reported to Experian®, Equifax®, and TransUnion®. This is the most crucial element for building a strong credit profile.
- Fast and Easy Prequalification: You can see if you’re likely to be approved in about 60 seconds online, and this initial check will not affect your credit score.
- Choose Your Card Design: Personalize your card from a selection of unique designs, allowing you to pick one that fits your style.
- Mastercard® Zero Liability Protection: Shop with confidence knowing you are protected from any unauthorized charges if your card is ever lost or stolen.
- Mobile Account Access: Manage your account on the go, 24/7, from your computer or mobile device.
Who Can Apply
The Indigo Platinum Mastercard is intended for U.S. residents who:
- Are at least 18 years old (19 in Alabama).
- Have a valid Social Security Number.
- Have a U.S. physical address.
- Have a fair, poor, or limited credit history.
How to Apply
- Start with Prequalification: The best first step is to use the pre-qualification tool on the Indigo Card website. This will tell you if you are likely to be approved and, crucially, which annual fee you qualify for, all without impacting your credit score.
- Review Your Offer: If you prequalify, carefully review the terms and conditions presented to you. Make sure you are comfortable with the annual fee and the credit limit offered.
- Complete the Full Application: If you decide to proceed, you will need to complete a full application with your personal and financial details. This step will result in a hard inquiry on your credit report.
- Receive Your Card: If approved, your card will be mailed to you. Remember, your annual fee (if applicable) will be charged upon activation, reducing your initial available credit.
Frequently Asked Questions
- What will my initial available credit be?
Your initial credit limit will be $700. However, your annual fee (if you have one) is charged immediately. For example, if you qualify for the $75 annual fee, your starting available credit will be $625. - Does this card offer rewards like cash back?
No, the Indigo® Platinum Mastercard® does not have a rewards program. Its sole purpose is to provide an unsecured line of credit for building or rebuilding your credit history. - Is this card better than a secured card?
It depends entirely on your situation. If you have the funds ($200-$300) for a refundable security deposit, a secured card is often a much more cost-effective way to build credit, as they typically have no or very low annual fees. If you absolutely cannot provide a deposit, the Indigo Card offers an alternative path. - What is the best way to use the Indigo Card?
The optimal strategy is to use the card for a small, manageable purchase each month, pay the statement balance in full and on time every single month, and never carry a balance to avoid the high APR. Think of it as a short-term tool (12-18 months) to improve your credit score enough to qualify for a better, no-fee card from a prime lender in the future.
