Indigo Mastercard Cardholder Agreement

Indigo Mastercard Cardholder Agreement 612, as filed by Celtic Bank, carries a 24.9% purchase APR. That purchase rate ranks near the 60th percentile across this corpus of 4,587 filings.

The disclosed terms

Indigo Mastercard Cardholder Agreement 612 is one of the agreements Celtic Bank has on file with the CFPB. The filing runs 14 pages, and It is issued on the Mastercard network.

The disclosure covers a purchase rate, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

The purchase APR against the corpus

Measured against every other filing on the site, 24.9% is about the 60th percentile for purchase APR; it is unremarkable against the rest of the set.

Translating the rate into money

The purchase rate turns a $4,000 revolving balance into roughly $1,131 of annual interest.

A card priced at the corpus median of 21.99% would charge roughly $983 on that balance. This one charges about $147 more per year.

Small balances do not get a proportionally small bill — the agreement imposes a $1 minimum interest charge in any month where interest applies.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

Penalty pricing and late fees

On the fee side, a late payment can cost up to $40, which is around the 72nd percentile here.

What the card costs before you borrow

For cash advances the filing discloses a cash advance fee of $5 or 5% of the advance, whichever is greater. Advances under roughly $100 are charged the flat $5; larger ones are charged 5%.

Foreign transactions attract 1%. On $5,000 of overseas spending that is $50, charged on top of whatever exchange rate applies.

Grace period and minimum charge

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

The $1 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

The issuer's other agreements

92 separate Celtic Bank filings appear in the corpus. The issuer's own range is 22.49%–35.9%. At 24.9%, this agreement is dearer than 1 of its siblings.

What is outside the disclosure

This page cannot tell you balance transfer terms, an annual fee and penalty pricing, because the filing's disclosure table as read does not contain them.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Where the authority sits

This summary stands or falls on the linked PDF — 14 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

The pricing here is middling by the standards of the index — 24.9% on purchases is near enough to typical.