Yes, the Indigo® Mastercard® for Less than Perfect Credit is a credit card. The Indigo Credit Card is issued by Celtic Bank, works wherever Mastercard is accepted, reports to the credit bureaus, and allows you to pay off purchases over time. There are quite a few important things to know about the card before you apply, though.
Key Facts About the Indigo Credit Card
Issuer: Celtic Bank
Credit requirement: Bad credit
Annual fee: $0 - $99
Foreign transaction fee: 1%
To sum things up, Indigo Credit Card is a credit card, but it may or may not be the best credit card for you depending on your needs, qualifications and spending habits.
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
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
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.
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