If you're considering the Indigo Mastercard for rebuilding your credit, it's essential to weigh its pros and cons carefully. The Indigo Card is marketed as an unsecured credit card designed for individuals with poor or limited credit history. While it has the advantage of not requiring a security deposit and reports to all three major credit bureaus, it comes with significant drawbacks. The card has high annual fees that can reach up to $250, along with potential monthly fees, making it one of the most expensive options on the market for credit building. Additionally, the card offers no rewards or benefits, and its variable APR can be as high as 35.90%. Compared to alternatives like the Discover it® Secured Credit Card or Capital One Platinum Secured Credit Card, which provide better terms and rewards, the Indigo Card falls short. For those looking to improve their credit score, exploring other options is highly recommended.
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