Indigo Mastercard Cardholder Agreement

Celtic Bank's filed agreement for Indigo Mastercard Cardholder Agreement 627 discloses a 29.9% purchase APR. Against the 4,587 filings on this site, that rate lands around the 72nd percentile.

The disclosed terms

What follows is drawn entirely from Celtic Bank's CFPB filing for Indigo Mastercard Cardholder Agreement 627. It is issued on the Mastercard network and the filing runs 12 pages.

The disclosure covers a purchase rate, a late payment maximum, a foreign transaction fee and a grace period. A cash advance rate, a balance transfer rate and a penalty rate are not stated.

Pricing the purchase rate

29.9% puts the purchase APR near the 72nd percentile across 2,280 agreements, so it sits in the more expensive half.

The arithmetic of revolving

The purchase rate turns a $1,500 revolving balance into roughly $523 of annual interest.

A card priced at the corpus median of 21.99% would charge roughly $369 on that balance. This one charges about $154 more per year.

Note the $1 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

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.

Penalty pricing and late fees

$41 is the disclosed ceiling on a late payment fee, placing it near the 89th percentile of the set.

Charges beyond interest

For cash advances the filing discloses 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 $30 on $3,000 of purchases, independent of interest.

Paying in full

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest. That matches the 25-day median across the corpus almost exactly.

A minimum interest charge of $1 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

The issuer's other agreements

There are 92 filings from Celtic Bank in this index. 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

The disclosure parsed here does not state balance transfer terms, an annual fee and penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

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.

The document itself

The filed PDF is linked from this page and runs 12 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

The pricing here is middling by the standards of the index — 29.9% on purchases is near enough to typical.