Indigo Mastercard Cardholder Agreement

Celtic Bank's filed agreement for Indigo Mastercard Cardholder Agreement 604 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

The document behind this page is Celtic Bank's filed agreement for Indigo Mastercard Cardholder Agreement 604. It is issued on the Mastercard network and the filing runs 12 pages.

Terms captured from the document include 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 APR against the corpus

24.9% puts the purchase APR near the 60th percentile across 2,280 agreements, so it is about typical for the filings collected here.

The arithmetic of revolving

At the disclosed purchase APR, $3,000 revolving for a full year costs something like $848 in interest.

Against the corpus median of 21.99%, that is approximately $110 a year of extra interest on the same $3,000.

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

For cash advances the filing discloses a cash advance fee of $5 or 5% of the advance, whichever is greater. $100 is the crossover point where the percentage overtakes the $5 minimum.

Spending abroad costs an extra 1% — about $30 on $3,000 of purchases, independent of interest.

Penalty pricing and late fees

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

The no-interest path

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

What you cannot learn from the filing

This page cannot tell you balance transfer terms, an annual fee and penalty pricing, because the filing's disclosure table as read does not contain them.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

The issuer's other agreements

This is one of 92 Celtic Bank agreements collected here. The issuer's own range is 22.49%–35.9%. At 24.9%, this agreement is dearer than 1 of its siblings.

Reading the agreement yourself

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

24.9% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.