Indigo Mastercard Cardholder Agreement

Celtic Bank's filed agreement for Indigo Mastercard Cardholder Agreement 603 discloses a 24.9% purchase APR. That purchase rate ranks near the 60th percentile across this corpus of 4,587 filings.

What the document actually states

Celtic Bank filed this agreement for Indigo Mastercard Cardholder Agreement 603 with the Consumer Financial Protection Bureau. It is issued on the Mastercard network and the filing runs 12 pages.

On the record here: a purchase rate, a late payment maximum, a foreign transaction fee and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

The purchase rate in context

The purchase APR of 24.9% places this agreement around the 60th percentile of the set — it lands near the median.

What a balance actually costs

At the disclosed purchase APR, $2,000 revolving for a full year costs something like $565 in interest.

Against the corpus median of 21.99%, that is approximately $74 a year of extra interest on the same $2,000.

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.

Fees, and what triggers them

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

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

Grace period and minimum charge

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing. That matches the 25-day median across the corpus almost exactly.

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

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.

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.

How it sits in the issuer's own range

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.

Go to the source

Everything here is a reading of the filed agreement, 12 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 24.9% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.