The Indigo Credit Card is designed as a credit-builder card, so your approval odds are pretty high, even with bad credit. The Indigo Credit Card also comes with a $300 credit limit and an annual fee of $0 - $99, which is subtracted from the card’s initial spending power.
The Indigo Credit Card is unsecured, which means that you don't need to make a security deposit to get it.
But that doesn't make it a great card either, as unsecured credit cards for bad credit tend to come with high fees ($0 - $99 annual fee and $40 late fee on this one) and low credit limits (at least $300 on the Indigo Card, but don't expect anything impressive).
The Indigo Credit Card is open to applicants with bad credit. It's designed as a credit building unsecured card which reports to all three major credit bureaus.
The Indigo Credit Card requires you to pre-qualify before officially applying. While pre-qualification indicates that you have high odds of approval, it doesn't guarantee it. Pre-qualification only triggers a … read full answersoft inquiry, which does not affect your credit score. Once pre-qualified, you would still have to apply, which will trigger a hard inquiry and may cause a temporary dip in your credit score.
Keep in mind that those with Indigo Credit Card accounts that have been charged off due to delinquency are not eligible for pre-qualification or approval.
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.
There is no surefire way to raise your credit score 100 points overnight. Everyone’s situation is a bit different. And even if you do everything right, your score still might not rise that much or that quickly. But you can see exactly how to improve your credit score and how long it will take by checking out … read full answeryour free personalized credit analysis on WalletHub. You will receive grades for each part of your credit score, plus a customized action plan designed to maximize your credit score gains in a minimal amount of time.
Credit score gains don’t just happen. There’s usually a fair amount of legwork involved. So the start-to-finish process of credit improvement really does not happen overnight. But you certainly could wake up one morning with a credit score that’s a lot higher than it was when you went to sleep.
Your credit score can change whenever new information is added to your credit report or old information is removed. Because of that, a handful of things could possibly raise your credit score 100 points overnight. But none of them happens often, so don’t hold your breath.
Here’s how to raise your credit score 100 points overnight:
Dispute negative information on your credit report. If your credit score fell 100+ points as a result of certain negative records being added to your credit report, it figures that removing such information could trigger an increase of 100+ points. The credit bureaus will remove disputed information that you prove is inaccurate, or that the data provider cannot substantiate.
Wait for negative records to fall off your credit report. The information on your credit reports doesn’t stay there forever. Negative records become too old to be included after 7-10 years. So people who hit a rough patch during the Great Recession but used credit responsibly ever since have seen significant credit score improvement lately.
Catch up on missed payments. Preventing past-due accounts from defaulting, paying off collections accounts and otherwise bringing your borrowing back to good standing can quickly produce credit score gains. That’s especially true when you factor in the credit score damage you’re avoiding.
Benefit from a change in credit reporting requirements. In July 2017, changes to the major credit bureaus’ documentation requirements resulted in most tax liens and civil judgments being wiped from consumers’ credit reports. The average person who was affected saw his or her credit score rise by only 10 points as a result.
But 0.7% of people who started with a score of 621-640 saw an increase of about 100 points when all liens and judgments were removed from their credit reports, according to VantageScore. The same happened for 0.2% of people who started with a 641-660 score as well as 0.1% of people who began with a score of 541-560.
Even if your credit score does get 100 points higher overnight, you won’t find out about it for a while with most free credit score sites, which update weekly, monthly or quarterly. But you’ll always see the latest changes on WalletHub, the only site with free credit scores and free credit reports that update daily.
Still, it’s important to emphasize that an excellent credit score is not an overnight sensation. Credit scores reward consistent performance over a long period of time. So paying your bills on time, keeping your credit utilization low, and otherwise managing money responsibly month after month is the best way to build credit and maintain a great score.
But there is a middle ground, fortunately. Credit scores do jump from time to time during their gradual journey higher. So if you need the best credit possible in the near future, there are steps you can take to make your score presentable in 30 days or fewer.
In particular, reducing your credit utilization is one of the easiest ways to improve your credit score within a month’s time. It won’t give you a 100-point bump, but it will produce results. And there are three ways to do it. You can spend less than you ordinarily do, make a bigger payment than usual, or pay your bill more often than normal. The goal is to reduce the balance listed on your monthly account statement, so this strategy won’t benefit you until the end of your billing period.
More generally, paying off debt will always help your score as well as your overall odds as a borrower. You should also avoid applying for credit in the months leading up to needing your credit score for something important. Each application results in a hard inquiry, which can take points off your score for six months or so.
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