Using a credit card is an excellent way to boost your credit score. However, before you sign up for a card, you should know the uses of Indigo. Here are a few of them:
Boosting your credit score
The Indigo credit card login reports all of your activity to the three major credit bureaus, allowing you to build a good credit history. This card also has a relatively low credit limit, at $300, but you should keep in mind that the annual fee eats into that. It is important to have a low credit utilization ratio, as this is a significant factor in your credit score. You should also consider making all of your payments on time, as this will help improve your credit score.
In order to apply for an Indigo Mastercard, you will need to provide your Social Security number, current address, and U.S. IP address. You will also need to meet additional credit qualification requirements. Once you have met these criteria, you can activate your card by contacting customer service during business hours. Additionally, you can instantly find out your credit score. The application process takes a matter of minutes.
Building credit
Consider applying for an Indigo Platinum Mastercard to start developing your credit history. It’s a fee-free card with no annual fee and no late payment or over-limit fees. Plus, it offers cash back on everyday purchases. However, be aware that carrying a balance on your card can be costly, and you may not be able to get a credit line unless you pay a high annual fee.
When building your credit history, pay your bills on time. It’s important to pay your bills on schedule each month. This will help you avoid incurring a $40 late payment fee each month. Additionally, you will want to maintain a low balance to avoid incurring a $40 Indigo late payment fee. By keeping your balance low and making payments on time, you’ll be adding positive items to your credit history each month, which will push negatives further down your credit history. A late payment can easily sink your credit score by 100 points or more.
Foreign transaction fees
The foreign transaction fee on the Indigo credit card is 1%. Genesis Financial Solutions will charge you this fee if you make a purchase outside of the US. This charge also applies to online purchases from foreign vendors. However, this fee can be reduced by using a different card, or by keeping the card at home. It is important to know exactly how much it will cost to make overseas purchases before you start shopping.
If you’re concerned about your credit score, the Indigo credit card might be a good option. Its low foreign transaction fee is a major plus. The card doesn’t require a long application process and there’s no need to worry about getting denied. It also doesn’t require a security deposit. You can apply online and receive your card immediately. The terms and conditions of the card are the same as for other cards.
Annual fee
The first benefit of the Indigo credit card is that there is no annual fee. The card offers a credit limit of $300, which is a reasonable amount for a revolving line of credit. The annual fee is waived, and there is no security deposit or credit check required. You will also not have to worry about your credit score because you can apply for the card and begin the application process without hurting it. This means that you can monitor your account balance and make payments online easily.
One of the biggest benefits of the Indigo credit card is that it is suitable for people with poor credit. While it may cost more than a secured card, it allows you to borrow funds during emergencies. The annual fee is not cheap, and you can’t expect to get much in return. However, if you’re looking to improve your credit, this card might be the one for you. Its credit limit is $300 and the annual fee counts towards that amount when you first open your account.
Approval rate
The Indigo Mastercard is specifically designed for individuals with less than perfect credit. You can prequalify yourself for the card on the company’s website. While a prequalification doesn’t have any effect on your credit score, you will still need to be approved. The card comes with a standard credit limit of $225 to $300. However, the credit limit can be lower or higher depending on the annual fee.
The application process for the Indigo credit card is not very lengthy. You can receive a pre-approval by completing a “soft” credit check. This pre-approval doesn’t impact your credit score, but it does indicate that you have a high chance of being approved. Although it doesn’t guarantee approval, it is an excellent way to determine if the card is right for you.