Indigo Card Benefits
Before you get your MyIndigoCard issued by the issuer, it is highly advisable to comprehend the benefits and check whether the card adds value to you or not. Below are the given benefits of using the Indigo card.
No Security Deposit Required-
If you don’t want to use a secured credit card, using an Indigo credit card will come in handy as it is an unsecured card where you’re not required to raise a security deposit against your credit card. It will be an unsecured credit card solely based on your creditworthiness.
There is no need to spend money for issuing this credit card or depositing money for the same. It is not a credit card that will be issued against a fixed deposit. So this card is perfect for someone who wants to start with 0 money.
Also Check: How to Increase MyIndigoCard Limit?
Aids in Building your Credit Profile-
If you do not have a remarkable credit profile and are looking to make it stronger, getting issued this credit card and paying its bill timely or before time will help you in boosting your credit score and build a better credit profile. It is a great way to build your credit profile as once it is built or repaired, you can start getting credit card offers from other leading credit card companies for fewer interest rates and appealing rewards.
Also Check: MyIndigoCard Login
Pre-Qualify without Harming your Credit Score-
Unlike other credit card brands, the Indigo credit card gives you accessibility to pre-qualify the credit card and check your probability of getting approved. The process is simple. You need to fill out a form online where you’ll be asked some questions and on the basis of that, you will get to know the scope.
Although you can apply for the pre-qualify and get to know, it will still not be your final decision. It is more like a soft yes or no based on your profile. But in order to get your card issued officially, you need to fill out a form and wait for approval.
The best part of this pre-qualify feature is that it will not harm your credit score in any case. But at the same time, you will know your possibilities of getting this credit card issued.
Also Check: Check Indigo Credit Card Application Status
Accessible Everywhere-
The Indigo credit card is highly accessible everywhere and hence, you need not worry about its usage. You will be able to use it in stores, outlets, online, and in most of apps. Even for the cash-out feature, you can use the card in any nearby ATM.
It is a platinum MasterCard which is not only acceptable to ATMs but all around the globe. You can make 90% of your payments using this card.
Also Check: Indigo Card Customer Support
Available for people with Low Credit Scores
Most of the credit cards you will find will only be available to those who score more than 600 or 700 out of 800 as per the credit record. You also should have a very fair credit report with no bad records. However, for getting issued an Indigo credit card, you do not require to have an outstanding credit score.
The major highlight of this credit card is that despite having a bad credit report, your chances of getting approved are high. The card is available for users scoring 300-639 or more easily. Thus, we recommend this card to users with not a very good credit score.
Also Check: Is There an Indigo Credit Card App?
An Offer of No Annual Fee-
Now, this is conditional. If your credit profile is amazing and has no bad remarks or late payments or any such factor available, you can be eligible to get the Indigo credit card with no annual fee. However, as said above, it is conditional and is dependent solely on your issuer.
If you know you meet the eligibility criteria and your credit report does not consist of any late payments or defaults, you can ask the issuer to consider the 0 annual fees on your credit card.
Also Check: How do I cancel my Indigo Credit Card?
1% foreign Transaction Fee-
Most credit card companies charge you a lot when it comes to making a foreign transaction. In other words, if you are making a transaction that is outside of your country, the charges you will pay will be higher than usual.
However, with the Indigo Platinum Credit Card, you can make any foreign transaction and the fee for the transaction will only be 1% which is nominal and less than other companies.