The Indigo® Platinum Mastercard® credit card reports to all three major credit bureaus, TransUnion, Experian, and Equifax, which is great for building credit. Lenders aren’t required by law to report your credit history, and many lenders choose to only report to one or two of the major credit bureaus, if any. Credit BuildingĬredit reporting is an important part of building credit, as your credit report is updated based on the information your lenders provide to the credit bureaus. So if you need a more substantial line of credit, consider cards with higher initial limits, or ones that offer limit increases. These limits are comparatively low, and you can’t apply for credit limit increases. This means that if, for example, your annual fee is $75, your available credit will be $225 upon opening your account. Note that the card issuer will deduct your annual fee from your initial credit limit. The following credit limits apply for the various Indigo® Platinum Mastercard® credit card offers: Balance transfers are often used during debt consolidation, in which borrowers will transfer debt from one card to another card with a lower interest rate. The Indigo® Platinum Mastercard® credit card doesn’t allow balance transfers. After the first year, the fee is either $5 or 5% of each cash advance (whichever amount is greater). The Indigo® Platinum Mastercard® credit card lets you perform cash advances (taking money out at an ATM using your credit card) at an APR of 29.90%.įor the first year, the cash advance fee is $0.
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