Indigo Mastercard Cardholder Agreement

Indigo Mastercard Cardholder Agreement 602, as filed by Celtic Bank, carries a 24.9% purchase APR. Against the 4,587 filings on this site, that rate lands around the 60th percentile.

What this filing discloses

This page covers the agreement Celtic Bank filed for Indigo Mastercard Cardholder Agreement 602. The filing runs 13 pages, and It is issued on the Mastercard network.

The filing is explicit about 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.

The purchase APR against the corpus

Measured against every other filing on the site, 24.9% is about the 60th percentile for purchase APR; it lands near the median.

Translating the rate into money

Carry $1,500 on this card for a year without paying it down and the purchase rate alone generates roughly $424 in interest.

Against the corpus median of 21.99%, that is approximately $55 a year of extra interest on the same $1,500.

Month to month it reads as about $31 per cycle on that balance.

Note the $1 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

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.

What the card costs before you borrow

Taking cash against the card means a cash advance fee of $5 or 5% of the advance, whichever is greater.

Spending abroad costs an extra 1% — about $20 on $2,000 of purchases, independent of interest.

The grace period

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 a missed payment costs

$40 is the disclosed ceiling on a late payment fee, placing it near the 72nd percentile of the set.

Against the rest of Celtic Bank's filings

Celtic Bank has 92 agreements indexed on this site. Their disclosed purchase rates run from 22.49% to 35.9%, and this one at 24.9% is more expensive than 1 of them.

What is outside the disclosure

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.

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

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 pricing here is middling by the standards of the index — 24.9% on purchases is near enough to typical.