Indigo Mastercard Cardholder Agreement

On the record for Indigo Mastercard Cardholder Agreement 694: a 35.9% purchase APR and a $125 annual fee, filed by Celtic Bank. Against the 4,587 filings on this site, that rate lands around the 91st percentile.

What this filing discloses

What follows is drawn entirely from Celtic Bank's CFPB filing for Indigo Mastercard Cardholder Agreement 694. It is issued on the Mastercard network and the filing runs 14 pages.

The disclosure covers a purchase rate, an annual fee line, 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.

The purchase rate in context

Measured against every other filing on the site, 35.9% is about the 91st percentile for purchase APR; it sits in the expensive end of the corpus.

The cost of carrying a balance

Carry $2,000 on this card for a year without paying it down and the purchase rate alone generates roughly $863 in 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.

Per statement cycle that is on the order of $59.86 on $2,000, which is the number that actually shows up on a bill.

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

Holding the card costs $125 a year before any transaction takes place — about the 95th percentile among agreements in this index that state a fee.

Cash advances carry 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.

Foreign transactions attract 1%. On $2,000 of overseas spending that is $20, charged on top of whatever exchange rate applies.

When a payment is late

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

The grace period

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. The issuer's own range is 22.49%–35.9%. At 35.9%, this agreement is dearer than 25 of its siblings.

Its $125 annual fee is higher than 7 of the 11 sibling filings that state one.

What the filing does not tell you

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

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.

Where the authority sits

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

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. The $125 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.