Indigo Mastercard Cardholder Agreement

The Indigo Mastercard Cardholder Agreement 656 filing from Celtic Bank sets out a 35.9% purchase APR. The purchase rate sits at roughly the 91st percentile of the 4,587 agreements indexed here.

On the face of the filing

This page covers the agreement Celtic Bank filed for Indigo Mastercard Cardholder Agreement 656. It is issued on the Mastercard network and the filing runs 13 pages.

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.

Pricing the purchase rate

35.9% puts the purchase APR near the 91st percentile across 2,280 agreements, so it lands high in the distribution.

The arithmetic of revolving

The purchase rate turns a $2,000 revolving balance into roughly $863 of annual interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $492. The gap — roughly $372 a year on $2,000 — is the price of this particular filing over a typical one.

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.

Charges beyond interest

The filing sets a 1% foreign transaction fee, which adds roughly $15 to $1,500 spent outside the United States.

When a payment is late

Late payments are capped at $41 under this filing, about the 89th percentile of late fee maximums in the corpus.

The no-interest path

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

What is outside the disclosure

This page cannot tell you anything about cash advances, 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.

Against the rest of Celtic Bank's filings

92 separate Celtic Bank filings appear in the corpus. Their disclosed purchase rates run from 22.49% to 35.9%, and this one at 35.9% is more expensive than 25 of them.

Reading the agreement yourself

The filed PDF is linked from this page and runs 13 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

The defining fact about this filing is the purchase rate: at 35.9% it is in the expensive band of this corpus, and that cost only materialises for someone who revolves a balance.