The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

  • Indigo® Platinum Mastercard®

    A great card with global access to rebuild your credit

    • NoneRewards Rate
    • 29.9% VariableAPR
    • $0–$99*Annual Fee
    • Fair–GoodRecommended Credit

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If you're looking to develop or rebuild your credit but lack the funds to make a security deposit for a secure card, the Indigo® Platinum Mastercard® may be worth considering. Although it won't offer you any bonuses or rewards, this card does not require a security deposit. However, people with no or poor credit histories can use the Indigo® Platinum Mastercard® to build credit history. MoneyGeek's Indigo® Platinum Mastercard® review discusses the card's benefits and drawbacks, as well as other characteristics, to help you decide if you should apply for this card.

Indigo® Platinum Mastercard® Overview

Quick Take

  • Reports payments to three major credit bureaus (Equifax, Experian and TransUnion), giving you easy means to build or rebuild your credit.
  • Applying for this unsecured credit card requires no collateral.
  • Annual fee may vary from $0 to $99.

Important Card Details

Before applying for a credit card, it’s important to understand how credit cards work, as well as their advantages, fees, interest rates and other features.

The following table details the fees and rates associated with the Indigo® Platinum Mastercard®.

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    Annual Fee

    Some cardholders will be required to pay an annual membership fee ranging from $59 to $99.

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    Foreign Transaction Fee

    A fee of 1% of the transaction value will be charged for each foreign transaction.

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    Regular APR

    The card's regular APR is 24.9% on purchases and 29.99% on cash advances.

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    Penalty Fee

    All late payments are subject to a $40 penalty. Returns are also subject to the same fee.

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    Cash Advance Fee

    Along with the high APR on cash advances, you’ll have to pay a fee of $5 or 5% of the transaction amount, whichever is larger.

Additional Benefits

You might also be interested in learning more about the following features of the Indigo® Platinum Mastercard®:

  • Mastercard Benefits: The card comes with additional benefits of a Mastercard at no extra cost. These benefits include ID theft protection and zero liability protection.
  • Quick and Easy Pre-Qualification Process: You can find out if you're pre-qualified for the card in minutes by entering a few basic details, including your Social Security number.
  • Chip Card for Fraud Prevention: This company offers a chip card, which has a microchip integrated into it and can be used at terminals that are chip-enabled. In turn, this provides an added level of security against counterfeit fraud.
  • No Penalty APR: Due to the card's high regular APR, you will not be charged a penalty APR.

How the Indigo® Platinum Mastercard® Compares To Other Cards

Due to the fact that it doesn’t need a security deposit, the Indigo® Platinum Mastercard® could be an excellent option for many individuals who are looking to improve their credit score without having to put money down. However, the addition of an annual charge and a foreign transaction fee may turn some people off. The following table compares it to a secured credit card with similar features.

How the Indigo® Platinum Mastercard® Compares

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Indigo® Platinum Mastercard®

  • Annual Fee: $59 - $99
  • Foreign Transaction Fee: 1%
  • Regular APR: 29.9%
  • Rewards Rate: None
  • Minimum Deposit: None
  • Credit Needed: No credit required
  • Best For: Those looking for a credit-boosting card with zero deposit
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Citi® Secured Mastercard®

  • Annual Fee: None
  • Foreign Transaction Fee: 3%
  • Regular APR: 26.74% variable
  • Rewards Rate: None
  • Minimum Deposit: $200
  • Credit Needed: No credit required
  • Best For: Those trying to build credit with a no-annual fee credit card

Frequently Asked Questions

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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