So while you’ll get the average credit limit right away without a deposit, you might find your progress inhibited a few months down the line when you can’t improve your available credit. Plus, the Indigo card does not specify any timeline for an account review to increase your credit limit. The initial credit limit of $300 is standard for a credit building card, but is still pretty low when it comes to boosting your credit score. When it comes to steadily increasing your credit limit, the Indigo card leaves much to be desired. No specified timeline to increase credit limit The Indigo card is a good option if you don’t have the funds to put down a large deposit, but want a standard credit limit right away. Everyone who is approved for this card will receive a standard credit limit of $225-$300, depending on your annual fee. Unlike many cards available to those with bad to fair credit, the Indigo card does not require any sort of security deposit. Standard credit limit with no security deposit If you have bad to fair credit and are eager to improve it, this card is a quick and easy way to get started. If you are still worried about qualifying, you can check for pre-qualification on their website in just a couple minutes with no impact to your credit score. The Indigo Mastercard is specifically designed for people with less than perfect credit, and it is even available to those with a previous bankruptcy. There is no rewards program though, so if you qualify for the highest annual fee the cost of membership is much higher than typical. You won’t have to pay a set-up or monthly servicing fee. In general, the additional fees aren’t too bad for an unsecured card. But the wide range of annual fees and unspecified policy for increasing your credit limit over time rank this card on the lower end of credit building cards. If you are trying to improve your less than perfect credit, the Indigo Mastercard has a pretty standard APR and credit limit.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |