Indigo Mastercard: How to Apply, Manage, and Get All Benefits

Choosing a credit card when your credit history is far from perfect can be a pretty daunting task. Luckily, there are some options for which you can qualify even if you’re currently experiencing credit-related troubles. Indigo Mastercard, the topic of today’s article, is one of the better offers you can apply for with a poor credit score.

But there’s more to Indigo cards than getting a decent plastic in spite of poor credit history. In this article, you will learn about what the card has to offer, how to apply for it, how to set up an account, and how to improve your credit score with it.

Applying for Indigo MasterCard: What You Should Know

If you are wondering whether you will be able to get the Indigo card, you can use the card’s pre-qualification tool. It will calculate whether you’re eligible for this card without affecting your credit score. All you should do is visit the official website of Mastercard Indigo. Even individuals who have gone bankrupt may be approved for this card, so it’s worth checking, no matter how bad your financial situation is.

Anyone who applies for the pre-qualification process has to:

• Provide their personal details, such as full name, address, email, phone number, date of birth, and social security number. All the information has to be valid.
• An individual has to be at least 18 years old to apply.
• Applications from people whose Indigo accounts were charged off because of delinquency are not accepted.

Once you submit your personal information, the initial offer will be provided within minutes. However, you should remember that the tool gives you only an approximate estimate. You will still need to submit a full application and wait for your credit score to be checked before getting the card. If you are approved, you will receive your card within 14 business days.

By the way, a common question associated with the card is, "Can I use my Indigo card before it arrives?” The answer is clear: no. You will only be able to use the card after receiving its physical version.

How Can I Use My Indigo Credit Card?

If you have been approved for the card and received it, the next step is to manage it. First, you need to create an account on myindigocard.com.

To register an account, you have to provide the following information:

• Your credit card and social security number.
• Date of birth.

If you follow the instructions on the website, your account will be created in minutes. With the online account, you will be able to manage your pay bills, send payments, and more. Indigo credit card reviews also claim that the online cabinet is fairly easy to use, which is always welcome.

As for the payments, there are several options to choose from. You can make them online, pay your credit card balance by mail, or even do so over the phone. To avoid late terms and the fees associated with them, it is a good idea to set up automated payments in your online cabinet.

The credit limit of Indigo Mastercard is set at $700, which will be reduced by your annual fee. That may not be a big deal, but can make big-ticket purchases difficult.

As the Indigo credit card is designed for those with poor credit scores, it is only natural that its reward program is quite limited. Those approved for premium Indigo cards can get a 1% cash back on some categories (grocery shopping, restaurants, and such).

Building Credit Score with Indigo Card

One of the main reasons to go for an Indigo card is the opportunity to build a credit score and thus get more financial advantages in the future. Indigo reports to three major credit bureaus — Experian, TransUnion, and Equifax, which means that as long as you make remittances on time, your credit score will steadily improve.

Those interested in improving their credit scores should also consider getting a personal loan (if they can afford to pay it off). If you are interested in getting a personal loan with the Indigo credit card, here are a few things you should consider:

• It is a good idea to first get a report from all three above-mentioned credit bureaus. It is free, and you will get to see your credit history over the years. This way, you can assess your financial well-being and fix some issues before applying for a loan.
• Compare the lenders in terms of requirements (maximum DTI, minimum credit score), loan details (amounts, APR), and additional features.
• Consider getting a co-signer with a higher income and a better credit score. This will increase your chances of getting a decent loan.

The most important thing to keep in mind when building a credit score by getting a loan is that all your payments should be made without delays. As usual, you can ensure this by setting up automatic withdrawals.

Final Thoughts

Numerous Indigo Mastercard reviews confirm that this card is popular among those with less-than-perfect credit scores. Its main advantages are the simple application process and data reporting mechanism, perfect for increasing your credit score.

A sadly expected disadvantage of the Indigo cards is the lack of a rewards program. However, by improving your credit score, you will be able to upgrade to a more advanced version of the card or switch to another option with better terms.

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