The Indigo® Platinum Mastercard® is a practical move if you want to create a credit history from scratch or get a second chance on imperfect credit history.
Genesis Financial Services issues the card with a straightforward and uncomplicated application.
If your goal is to create a history of responsible payments, the Indigo® Mastercard® can provide that opportunity.
Indigo® Platinum Mastercard® Highlights
- Pre-qualify for a card today and it will not impact your credit score
- Less than perfect credit is okay
- Mobile account access at any time
- Fraud protection for stolen or lost cards
- Account history is reported to the three major credit bureaus in the U.S.
How to Qualify
- Provide info about your income, debt, and identity.
- No credit delinquencies within the past 30 days.
- Never applied before.
- No active Indigo® Platinum Mastercard® account.
- Never lost an Indigo® Platinum Mastercard® account due to delinquency.
- Haven’t applied for an Indigo® Platinum Mastercard® in the previous 60 days.
- Submit an application
The Indigo® Platinum Mastercard® offers a credit line maximum of $300. As you work to build your credit reputation, having a low limit keeps you from getting into too much trouble by overspending.
Make it easy for yourself and set up a small recurring subscription on the card. Then pay it off each month.
Credit cards are categorized as revolving credit and have a significant impact on your score.
Keep track of how much you charged that month compared to the total amount of credit. Charging $290 out of the $300 limit each month can adversely affect your score. The lower your ratio of charges to limit, the more your score improves.
No Security Deposit Required
The Indigo® Platinum Mastercard® does not require you to pay a security deposit before issuing it. Other cards will hold your money while you use the card in case you don’t pay the minimum. You can receive the card right away and begin using it.
Credit Building and Repair
A practical method of boosting your credit standing is for the credit card company to report your payments to multiple credit bureaus. Indigo® Platinum Mastercard® records your timely payments to all three major credit bureaus. When you apply for credit later, they will see this account in good standing regardless of which credit agency they checked.
Reliable Payment Record
Keep paying your minimum payment on time, and your good habits will pay off over time. Each payment you make builds your creditworthiness. Other creditors you work with in the future will see that you pay your bills on time and are trustworthy to pay a loan.
Typically, when you apply for a credit card, the bank will check your credit. Every other financial institution you work with now and in the future will see when you apply for a bank account, loan, or credit card. The finance industry calls this a hard credit check. It leaves a permanent record in your report.
Indigo® Platinum Mastercard® provides pre-qualification so that it does not impact your credit score. Pre-qualification submits a soft credit check, the same as when you set up a cell phone plan. The bank can see your information, but their inquiry is shielded from public view. Pre-qualification is a great way to feel out a financial organization before committing to an application.
Card Chip Security
Indigo® Platinum Mastercard® takes advantage of card chip security. Chip technology sets up additional obstacles for thieves and protects you against fraud and abuse. Since the chip generates a unique, one-time code for each transaction, it cannot be reused.
24/7 Account Access Online
Manage your account, payments, statements, and more with access anytime, worldwide 24/7. Plus, it’s mobile-friendly so that you can monitor your account from your phone.
Multiple Card Designs
If you like to personalize your cards, Indigo® Platinum Mastercard® offers a variety of card designs to suit your taste. Change card designs for no extra fee.
Mastercard Fraud Protection
All Mastercard accounts, regardless of which bank the card was issued, provide zero-liability protection against fraud and unauthorized use. Take care to protect your card and report any issues to the financial institution as soon as possible.
- Regular APR: 24.9%
- Late Payment Fee: Up to $40
- Annual Fee: $0 - $99
- Credit Recommended: Bad/Poor
- Intro Rate: N/A
- Intro Period: N/A
- Balance Transfer: N/A
- Intro (Purchases): N/A
- Intro (Balance Transfers): N/A
- Issuer: Genesis FS Card Service
If your credit history is fair to good, consider the Indigo® Platinum Mastercard® to improve your credit history. It’s a clear-cut pre-qualification that only takes 2 minutes. After that, applying is as easy as providing your contact and banking info.
As always, be responsible with credit and use it as a tool to improve your financial standing.