Indigo Mastercard Cardholder Agreement

Indigo Mastercard Cardholder Agreement 681, 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

Indigo Mastercard Cardholder Agreement 681 is one of the agreements Celtic Bank has on file with the CFPB. It is issued on the Mastercard network and the filing runs 14 pages.

On the record here: a purchase rate, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

How the purchase rate compares

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

Put $1,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $432.

A card priced at the corpus median of 21.99% would charge roughly $246 on that balance. This one charges about $186 more per year.

Per statement cycle that is on the order of $29.93 on $1,000, which is the number that actually shows up on a bill.

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 grace period

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. 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.

Default pricing

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

Charges beyond interest

The filing sets a 1% foreign transaction fee, which adds roughly $15 to $1,500 spent outside the United States.

Against the rest of Celtic Bank's filings

92 separate Celtic Bank filings appear in the corpus. Across that lineup purchase rates span 22.49% to 35.9%; this filing's 35.9% sits above 25 of the comparable ones.

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.

Where the authority sits

Everything here is a reading of the filed agreement, 14 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

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.