Indigo Mastercard Cardholder Agreement

Indigo Mastercard Cardholder Agreement 691, as filed by Celtic Bank, carries a 35.9% purchase APR. That purchase rate ranks near the 91st percentile across this corpus of 4,587 filings.

What the document actually states

This page covers the agreement Celtic Bank filed for Indigo Mastercard Cardholder Agreement 691. It is issued on the Mastercard network and the filing runs 14 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.

Where the purchase APR sits

At 35.9%, the purchase APR falls at roughly the 91st percentile of the 2,280 filings indexed here, which sits in the expensive end of the corpus.

What a balance actually costs

At the disclosed purchase APR, $3,000 revolving for a full year costs something like $1,295 in interest.

Against the corpus median of 21.99%, that is approximately $557 a year of extra interest on the same $3,000.

Broken down to a single thirty-day cycle, the same balance accrues roughly $89.79.

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

Default pricing

The maximum late fee is $41 — roughly the 89th percentile of the late fee ceilings disclosed across this index.

What the card costs before you borrow

Foreign transactions attract 1%. On $5,000 of overseas spending that is $50, charged on top of whatever exchange rate applies.

The grace period

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

The $1 minimum interest charge means the effective cost of carrying a very small balance is far higher than the quoted APR implies.

The issuer's other agreements

There are 92 filings from Celtic Bank in this index. 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

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.

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

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.