Indigo Mastercard Cardholder Agreement

Indigo Mastercard Cardholder Agreement 650, as filed by Celtic Bank, carries a 35.9% purchase APR. Against the 4,587 filings on this site, that rate lands around the 91st percentile.

On the face of the filing

Indigo Mastercard Cardholder Agreement 650 is one of the agreements Celtic Bank has on file with the CFPB. It is issued on the Mastercard network and the filing runs 13 pages.

The disclosure covers 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.

How the purchase rate compares

35.9% puts the purchase APR near the 91st percentile across 2,280 agreements, so it sits in the expensive end of the corpus.

The cost of carrying a balance

At the disclosed purchase APR, $1,200 revolving for a full year costs something like $518 in interest.

Against the corpus median of 21.99%, that is approximately $223 a year of extra interest on the same $1,200.

Broken down to a single thirty-day cycle, the same balance accrues roughly $35.92.

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

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

The fee structure

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.

The filing sets a 1% foreign transaction fee, which adds roughly $50 to $5,000 spent outside the United States.

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.

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

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

Inside Celtic Bank's filed lineup

This is one of 92 Celtic Bank agreements collected here. The issuer's own range is 22.49%–35.9%. At 35.9%, this agreement is dearer than 25 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.

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

This is an expensive agreement by the standards of the corpus, driven by a 35.9% purchase rate that is inert for a transactor and punishing for a revolver.