Does the Indigo Credit Card offer rewards?

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, at a minimum. This is a standard starting credit limit for an unsecured credit card for people with bad credit. It's important to note that cardholders may start out with less available credit, since the card’s annual fee of $0 - $99 will be charged when the account is opened.... read full answer

What you should know before applying for the Indigo Credit Card:

It is worth noting that the issuer does not offer Indigo Credit Card credit limit increases. So, your credit line will remain the same until you close the account.

Ultimately, keep in mind that your credit limit will be determined based on a variety of factors, but the most important ones are your credit history and disposable income.