Indigo Mastercard Cardholder Agreement

Celtic Bank's filed agreement for Indigo Mastercard Cardholder Agreement 653 discloses a 29.9% purchase APR. That purchase rate ranks near the 72nd percentile across this corpus of 4,587 filings.

What the agreement puts on the record

Celtic Bank submitted the terms for Indigo Mastercard Cardholder Agreement 653 to the CFPB's agreement database; this is what they contain. The filing runs 12 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. 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 29.9% places this agreement around the 72nd percentile of the set — it is dearer than the typical filing.

The arithmetic of revolving

Put $2,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $697.

On a median-priced agreement from this index (21.99%) the same $2,000 would run about $492 a year, so this card costs in the region of $205 more annually for the identical balance.

Month to month it reads as about $49.74 per cycle on that balance.

Small balances do not get a proportionally small bill — the agreement imposes a $1 minimum interest charge in any month where interest applies.

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 $1,000 of overseas spending that is $10, charged on top of whatever exchange rate applies.

Paying in full

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.

When a payment is late

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

How it sits in the issuer's own range

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

Absent from the captured terms: anything about cash advances, balance transfer terms, an annual fee and penalty pricing. The original document is the place to look for any of these.

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

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 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.