Indigo Mastercard Cardholder Agreement

The Indigo Mastercard Cardholder Agreement 640 filing from Celtic Bank sets out a 29.9% purchase APR. That purchase rate ranks near the 72nd percentile across this corpus of 4,587 filings.

On the face of the filing

Celtic Bank submitted the terms for Indigo Mastercard Cardholder Agreement 640 to the CFPB's agreement database; this is what they contain. The filing runs 14 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.

How the purchase rate compares

The purchase APR of 29.9% places this agreement around the 72nd percentile of the set — it is dearer than the typical filing.

What a balance actually costs

Carry $1,200 on this card for a year without paying it down and the purchase rate alone generates roughly $418 in interest.

Against the corpus median of 21.99%, that is approximately $123 a year of extra interest on the same $1,200.

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.

The fee structure

Taking cash against the card means a cash advance fee of $5 or 5% of the advance, whichever is greater. Advances under roughly $100 are charged the flat $5; larger ones are charged 5%.

Foreign transactions attract 1%. On $1,500 of overseas spending that is $15, charged on top of whatever exchange rate applies.

What a missed payment costs

On the fee side, a late payment can cost up to $41, which is around the 89th percentile here.

Paying in full

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.

Against the rest of Celtic Bank's filings

There are 92 filings from Celtic Bank in this index. Their disclosed purchase rates run from 22.49% to 35.9%, and this one at 29.9% is more expensive than 7 of them.

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.

The document itself

This summary stands or falls on the linked PDF — 14 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

At 29.9% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.