Indigo Mastercard Cardholder Agreement

On the record for Indigo Mastercard Cardholder Agreement 625: a 29.9% purchase APR, filed by Celtic Bank. Against the 4,587 filings on this site, that rate lands around the 72nd percentile.

On the face of the filing

This page covers the agreement Celtic Bank filed for Indigo Mastercard Cardholder Agreement 625. The filing runs 13 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. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

Pricing the purchase rate

29.9% puts the purchase APR near the 72nd percentile across 2,280 agreements, so it comes in above the median.

What the rate means in dollars

At the disclosed purchase APR, $3,000 revolving for a full year costs something like $1,045 in interest.

On a median-priced agreement from this index (21.99%) the same $3,000 would run about $738 a year, so this card costs in the region of $307 more annually for the identical balance.

There is also a floor: the filing sets a minimum interest charge of $1, so any cycle that accrues less than that is billed at $1 anyway.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

The fee structure

Taking cash against the card means a cash advance fee of $5 or 5% of the advance, whichever is greater. The two halves of that fee cross at about $100: below it the flat $5 applies, above it the percentage does.

Spending abroad costs an extra 1% — about $50 on $5,000 of purchases, independent of interest.

The no-interest path

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

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

Penalty pricing and late fees

On the fee side, a late payment can cost up to $41, which is around the 89th percentile here.

The issuer's other agreements

92 separate Celtic Bank filings appear in the corpus. Across that lineup purchase rates span 22.49% to 35.9%; this filing's 29.9% sits above 7 of the comparable ones.

What the filing does not tell you

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.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Go to the source

This summary stands or falls on the linked PDF — 13 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

29.9% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.