Indigo Mastercard Cardholder Agreement

On the record for Indigo Mastercard Cardholder Agreement 669: a 35.9% purchase APR and a $75 annual fee, filed by Celtic Bank. That purchase rate ranks near the 91st percentile across this corpus of 4,587 filings.

What the document actually states

Celtic Bank submitted the terms for Indigo Mastercard Cardholder Agreement 669 to the CFPB's agreement database; this is what they contain. The filing runs 13 pages, and It is issued on the Mastercard network.

Terms captured from the document include a purchase rate, an annual fee line, a late payment maximum and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

The purchase APR against the corpus

At 35.9%, the purchase APR falls at roughly the 91st percentile of the 2,280 filings indexed here, which is well above what most issuers disclosed.

The arithmetic of revolving

Put $2,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $863.

A card priced at the corpus median of 21.99% would charge roughly $492 on that balance. This one charges about $372 more per year.

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.

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

Charges beyond interest

$75 a year is the disclosed annual fee, which ranks near the 90th percentile of the fees filed across this corpus.

One way to size that fee: at the card's own purchase rate of 35.9%, $75 is roughly the interest a balance of about $209 would generate in a year. The fee is a fixed cost that behaves like perpetual interest on that much debt.

When a payment is late

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

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

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

The limits of this document

Absent from the captured terms: anything about cash advances, balance transfer terms, a foreign transaction fee and penalty pricing. The original document is the place to look for any of these.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Inside Celtic Bank's filed lineup

92 separate Celtic Bank filings appear in the corpus. The issuer's own range is 22.49%–35.9%. At 35.9%, this agreement is dearer than 25 of its siblings.

Its $75 annual fee is higher than 4 of the 11 sibling filings that state one.

The document itself

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

35.9% on purchases is the number that dominates this agreement. Paid in full each cycle it never applies; carried, it is among the dearer prices in this index. Against that sits the $75 annual fee, which is unavoidable once the account is open.