Indigo Mastercard Cardholder Agreement

Celtic Bank's filed agreement for Indigo Mastercard Cardholder Agreement 621 discloses a 29.9% purchase APR. Against the 4,587 filings on this site, that rate lands around the 72nd percentile.

The disclosed terms

What follows is drawn entirely from Celtic Bank's CFPB filing for Indigo Mastercard Cardholder Agreement 621. The filing runs 12 pages, and It is issued on the Mastercard network.

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.

Pricing the purchase rate

Set beside the rest of the index, the purchase APR of 29.9% lands at the 72nd percentile; it sits in the more expensive half.

Translating the rate into money

Put $4,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $1,393.

On a median-priced agreement from this index (21.99%) the same $4,000 would run about $983 a year, so this card costs in the region of $410 more annually for the identical balance.

Broken down to a single thirty-day cycle, the same balance accrues roughly $99.48.

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

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.

Default pricing

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

Charges beyond interest

Taking cash against the card means 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.

The filing sets a 1% foreign transaction fee, which adds roughly $20 to $2,000 spent outside the United States.

Paying in full

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.

Against the rest of Celtic Bank's filings

There are 92 filings from Celtic Bank in this index. The issuer's own range is 22.49%–35.9%. At 29.9%, this agreement is dearer than 7 of its siblings.

What the filing does not tell you

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.

Go to the source

The original filing, 12 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

The pricing here is middling by the standards of the index — 29.9% on purchases is near enough to typical.