![]() The Indigo Mastercard is designed for applicants with poor credit (which Experian, one of the three credit bureaus, defines as having a credit score of between 300 and 579) who want to build or rebuild their credit history (the card’s transactions are shared with those agencies). While those omissions are fairly standard for a card designed for people with credit challenges, they’re unusual for a card that charges annual fees, at least to some of its cardholders. No Rewards or One-Time Offer: The Indigo Mastercard provides no rewards on spending, nor does it offer a one-time offer to new card members.If you have a $300 credit limit and a $75 annual fee, then your available credit would actually be just $225. For those who must pay a fee for the card, the credit available for purchases actually isn’t as much as $300, at least not at the start. Your annual fee is charged to the card at the outset, and so reduces your available credit by $75, depending on the fee you’re charged for your first year with the card. Indigo makes no mention of any increases to its limit. Those other cards also specify if and how the limit might be raised over time, provided you make payments on time and don't carry a balance. That’s a notably low and firm number, given that some other unsecured cards aimed at those with credit challenges offer initial limits of between $300 and $1,000. ![]()
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