Indigo Mastercard Cardholder Agreement

Indigo Mastercard Cardholder Agreement 637, as filed by Celtic Bank, carries a 29.9% purchase APR. The purchase rate sits at roughly the 72nd percentile of the 4,587 agreements indexed here.

On the face of the filing

Celtic Bank submitted the terms for Indigo Mastercard Cardholder Agreement 637 to the CFPB's agreement database; this is what they contain. 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.

Where the purchase APR sits

The purchase APR of 29.9% places this agreement around the 72nd percentile of the set — it sits in the more expensive half.

What the rate means in dollars

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

On a median-priced agreement from this index (21.99%) the same $1,500 would run about $369 a year, so this card costs in the region of $154 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.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Where the fees are

Taking cash against the card means a cash advance fee of $5 or 5% of the advance, whichever is greater. $100 is the crossover point where the percentage overtakes the $5 minimum.

Foreign transactions attract 1%. On $1,500 of overseas spending that is $15, charged on top of whatever exchange rate applies.

The downside terms

The maximum late fee is $41 — roughly the 89th percentile of the late fee ceilings disclosed across this index.

Grace period and minimum charge

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.

Against the rest of Celtic Bank's filings

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.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

The document itself

Everything here is a reading of the filed agreement, 14 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

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