No, the Indigo Credit Card does not offer rewards, which means cardholders do not earn any points, miles, or cash back on purchases. The Indigo Credit Card does not offer any promotional benefits either, such as sign-up bonuses or low introductory APRs. Rather, the Indigo Credit Card is designed as a credit-builder card for people with a damaged credit score or limited credit history.
No, Indigo isn't a rewards card. The Indigo Mastercard is an unsecured credit card for people with bad credit that helps you build credit by reporting to the three major credit bureaus: TransUnion, Experian and Equifax. It also offers the possibility to pre-qualify with a soft inquiry without damaging your credit.
But depending on your creditworthiness, it comes with a $0 - $99 annual fee. The card also has a credit limit of only $300 and charges a high interest rate of 24.9%.
So unless you need money for an emergency, I'd suggest applying for a secured card.
The Indigo credit card is a good unsecured card for people with bad credit.
There aren't too many options out there in this category. If you want to build credit without making a security deposit, you should consider the Indigo, since it reports to the major credit bureaus (TransUnion, Experian and Equifax) on a monthly basis.… read full answer
You can even pre-qualify with a soft inquiry and see if you're eligible without hurting your credit. But keep in mind, that prequalification doesn't guarantee you approval!
But you should also take its drawbacks into consideration. The Indigo credit card's credit limit is only $300. Depending on your creditworthiness, you'll be charged with an annual fee of $0, $59 or $75 in the first year and $99 after, further lowering your available credit. Its regular APR is 24.9% which is above the market average, and the cash advance APR is 29.9%.
If you just want a credit card for building credit, and are in no need for an emergency loan, I'd suggest applying for a secured card. You can check out a few of the best options here.
You cannot get an Indigo Credit Card credit limit increase, unfortunately. The credit limit that you are assigned upon approval cannot be increased.
Many credit cards do provide the option to request credit limit increases or offer them automatically to select cardholders who meet certain eligibility criteria. Keeping your account in good standing, paying your credit card bills in full and on time, while making sure your income information is updated will definitely help your odds of being approved for a credit limit increase.… read full answer
Since the Indigo Credit Card is targeted to people with bad credit, you can also have a look at some of the best high limit credit cards for bad credit, many of which also offer credit limit increases to eligible cardholders.
The Indigo Credit Card credit limit is $300. This is a standard starting credit limit for an unsecured credit card for people with bad credit, and it allows you to borrow for any small emergency expenses that might pop up. It's important to note, however, that cardholders may start out with less available credit, since the card’s annual fee will be charged when the account is opened.… read full answer
Having said that, it is also worth noting that it’s not possible to later request an Indigo Credit Card credit limit increase. The credit limit that you are assigned upon approval cannot be increased.
Ultimately, keep in mind that your credit limit will be determined based on a variety of different factors, but the two most important are your credit history and disposable income.
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