Motivated to create positive credit history While those omissions are fairly standard for a card designed for people with credit challenges, theyвЂ™re unusual for a card that charges annual fees, at least to some of its cardholders. No Rewards or One-Time Offer: The Indigo Platinum Mastercard provides no rewards on spending, nor does it offer a one-time offer to new cardmembers.If you have a $300 credit limit and have a $75 annual fee, then your available credit would actually be just $225. For those who must pay a fee for the card, the credit available for purchases actually isnвЂ™t as much as $300, at least not at the start.В Your annual fee is charged to the card at the outset, and so reduces your available credit by $75, depending on the fee youвЂ™re charged for your first year with the card. Indigo makes no mention of any increases to its limit. Those other cards also specify if and how the limit might be raised over time, provided you behave responsibly. ThatвЂ™s a notably low and firm number, given that some other unsecured cards aimed at those with credit challenges offer initial limits of between $300 and $1,000. Low Credit Limit: If approved for an Indigo Platinum Mastercard, youвЂ™ll be awarded a credit line of $300.Unlike traditional cards, then, credit score isnвЂ™t necessarily a consideration, since many applicants for the card may not have the credit history necessary to create a score. The fee you pay, along with whether you qualify for the card at all, depends, Indigo says, on a review of your income and debt. Which one youвЂ™ll qualify for is dependent on your creditworthiness as it may cost $75 for the first year and $99 after that. Annual Fee: When you submit your loan application, youвЂ™ll actually be considered for three different Indigo Platinum Mastercards.Provided that activity is positive, the reporting allows you to build a credit history that eventually facilitates getting further credit products, such as traditional credit cards and loans. As with a secured card, your activity of the card is reported to the major credit bureaus. Instead, you get access to a revolving line of credit, from which the annual fee is deducted, if your history doesnвЂ™t qualify you for a card without an annual fee. The Indigo Platinum Mastercard skips the need for a security deposit. Requires No Security Deposit: Since traditional (unsecured) credit cards are largely unavailable to people with poor credit or no credit history, such consumers typically have turned to a secured card these require a security deposit that also serves as the cardвЂ™s credit limit.

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