Is the Indigo Card a credit card?

No, the Indigo Credit Card is not a metal credit card, as it is made of plastic like most other credit cards. There’s no functional difference between a plastic card and a metal credit card, though, so don’t dismiss the Indigo Credit Card just because it isn’t metal. If you like the card’s terms and benefits, you should still consider applying.… read full answer

Metal credit cards are usually expensive luxury cards. Some popular examples of metal credit cards are the American Express® Gold Card, Capital One Venture X Rewards Credit Card and Chase Sapphire Preferred® Card.

No, the Indigo Credit Card is not a secured credit card. Rather, the Indigo Credit Card is an unsecured credit card for people with bad credit, which means it does not require cardholders to pay a refundable security deposit for collateral.

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.… read full answer

Four major types of credit cards are Visa, Mastercard, American Express and Discover. These are the major credit card networks, which most credit cards belong to, and they dictate where cards can be used as well as what secondary benefits cards offer. Fundamentally, the credit cards on these networks work the same way, however.… read full answer

4 Types of Credit Cards

1. Visa credit cards
2. Mastercard credit cards
3. American Express credit cards
4. Discover credit cards

Overall, Visa and Mastercard credit cards have the greatest worldwide acceptance, but American Express and Discover cards still have very broad coverage. When it comes to benefits, different networks provide different perks like rental car insurance, travel insurance and purchase protection. But which network benefits a card has is often left up to the issuing bank or credit union.

There are other nuances to these four types of credit cards, too. For example, American Express and Discover are the only two networks that issue their own credit cards. All cards on the Visa and Mastercard networks are issued by separate banks and credit unions.

Other Types of Credit Cards

Aside from the four types of credit cards split up by network, there are a lot of other categories that could be considered “types” of credit cards. For example, there are secured cards that require a deposit and unsecured cards that don’t. Similarly, some cards offer rewards, some are partnered with specific merchants, some have special financing deals, and some are only available to students or businesses.

You can learn more about the different types of credit cards on WalletHub.