The Utah-based Celtic bank issued the Indigo Credit Card for individuals with a less-than-perfect credit score. They make is easier with MyIndigoCard.com for applying, activating, and login. When others turn their backs on such individuals, Indigo Credit Card places their trust in them, providing them with an opportunity to build credit with other features as well.
The Indigo Credit Card caters to the needs of individuals who seek to build credit scores after struggling financially with a low credit score or having no credit history.
Not only that, Indigo Credit Card is an unsecured card which means the interested individuals are not expected to pay any security deposit. In addition, the application process is also made easier by a pre-qualification process. The pre-qualified individuals have a higher chance of getting approved.
Pre-qualification Makes Approval Easier
The Indigo Credit Card is issued for financially struggling individuals with terrible credit scores or no credit history. However, this alone does not guarantee the chances of approval. Therefore, Indigo Credit Card offers enthusiasts the first to fill out a pre-qualification form. If they get pre-qualified, the chances of getting their application approved are higher.
No Security Deposit Needed
The applicants who wish to receive an Indigo Credit Card must know that it is an unsecured credit card. An unsecured card means the individual is not expected to pay any security deposit during the application process.
Reports to Major Credit Bureaus
Another interesting feature of the Indigo Credit Card is that it makes a monthly report regarding the financial activities of a cardholder and submits them to three major credit bureaus. The three major credit bureaus are Equifax, TransUnion, and Experian. A cardholder who makes their monthly payments on time and has low credit use has the potential to improve their credit score.
When a cardholder gets approved, they must provide their social security number, other credit cards, and email address. Once approved, they make an online account on the Indigo website, where they have their unique username and password. The Indigo Credit Card strictly monitors all the details mentioned earlier, making it an anti-theft card. Therefore, the Indigo Credit Card is considered a safer and more reliable option for cardholders who are advised not to worry about the consequences if someone steals their Indigo Credit Card.
Zero Liability Protection
Another valuable feature of the Indigo Credit Card is zero liability credit protection. The cardholders have peace of mind since they do not have to worry about being held responsible if any unauthorized transaction is made through their card.
Lenient Credit Pull
When an enthusiast applies for a credit card, they must undergo a credit check procedure. The credit check procedure produces a 10% negative impact on their credit score, which may last for two years. The enthusiast has to suffer through and wait to qualify for a line of credit. Nonetheless, Indigo Credit Card offers a soft credit pull procedure. During pre-qualification, the individual’s credit is checked without negatively affecting the recognition, unlike the effect caused by a hard credit pull.
The Indigo Credit Card’s features are all considered user-friendly and have proven to make their life easier. The cardholders do not have to worry about paying for whatever unauthorized transactions are made if their card is stolen. Not only that, they do not have to wait in line for credit since their application procedure is fairly easier. Cardholders with a fairly better credit utilization have the opportunity to build and improve their credit score.
Miriam Caldwell has been working as a freelance writer about budgeting and personal finance basics since 2005. Caldwell’s work has been published by GOBankingRates, The Balance, and BlissfullyDomestic.com. She teaches writing as an online instructor with Brigham Young University-Idaho and is also a teacher for public school students in Cary, North Carolina.