Indigo Mastercard Cardholder Agreement

Celtic Bank's filed agreement for Indigo Mastercard Cardholder Agreement 658 discloses a 29.9% purchase APR. Against the 4,587 filings on this site, that rate lands around the 72nd percentile.

The disclosed terms

Indigo Mastercard Cardholder Agreement 658 is one of the agreements Celtic Bank has on file with the CFPB. The filing runs 13 pages, and It is issued on the Mastercard network.

On the record here: 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 comes in above the median.

The arithmetic of revolving

Carry $2,500 on this card for a year without paying it down and the purchase rate alone generates roughly $871 in interest.

On a median-priced agreement from this index (21.99%) the same $2,500 would run about $615 a year, so this card costs in the region of $256 more annually for the identical balance.

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.

Where the fees are

Taking cash against the card means 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%.

The filing sets a 1% foreign transaction fee, which adds roughly $10 to $1,000 spent outside the United States.

What a missed payment costs

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

The no-interest path

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest.

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

What the filing does not tell you

Absent from the captured terms: balance transfer terms, an annual fee and penalty pricing. The original document is the place to look for any of these.

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

This is one of 92 Celtic Bank agreements collected here. Across that lineup purchase rates span 22.49% to 35.9%; this filing's 29.9% sits above 7 of the comparable ones.

Reading the agreement yourself

Everything here is a reading of the filed agreement, 13 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

At 29.9% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.