Indigo Mastercard Cardholder Agreement

Indigo Mastercard Cardholder Agreement 657, 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.

The disclosed terms

The document behind this page is Celtic Bank's filed agreement for Indigo Mastercard Cardholder Agreement 657. The filing runs 14 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. A cash advance rate, a balance transfer rate and a penalty rate are not stated.

The purchase rate in context

Measured against every other filing on the site, 35.9% is about the 91st percentile for purchase APR; it is costlier than the large majority of filings here.

The arithmetic of revolving

A $4,000 balance left untouched for twelve months accrues about $1,727 in interest at this purchase rate.

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 $743 more annually for the identical balance.

Broken down to a single thirty-day cycle, the same balance accrues roughly $119.73.

There is also a floor: the filing sets a minimum interest charge of $1, so any cycle that accrues less than that is billed at $1 anyway.

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

What the card costs before you borrow

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

Paying in full

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

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

Late payments are capped at $41 under this filing, about the 89th percentile of late fee maximums in the corpus.

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 35.9% is more expensive than 25 of them.

What is outside the disclosure

The disclosure parsed here does not state anything about cash advances, balance transfer terms, an annual fee and penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Reading the agreement yourself

The filed PDF is linked from this page and runs 14 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

The defining fact about this filing is the purchase rate: at 35.9% it is in the expensive band of this corpus, and that cost only materialises for someone who revolves a balance.