Hence, unlike Indigo, Mission Lane has a track record of credit limit increases.Īnother card to compare with is the Credit One Platinum Rewards Visa. After 6 months, your credit limit will evaluated for an increase. People have reported starting credit limits ranging anywhere from $300 to $750. Mission Lane is better than Indigo in the area of credit limits. Like the Indigo credit card, Mission Lane does not charge any monthly fee or processing fee. From a credit line perspective, Merrick Bank appears to be more attractive.Īnother card that I want to compare the Indigo card to is the Mission Lane Visa. One can actually try to get pre-approved for both and see which cards pre-approves you. Like Indigo, Merrick Bank also requires that you go through a pre-approval process. Furthermore, Merrick Bank has a track record of a credit limit increase even after this one time doubling of credit lines. That means after 7 months, your credit limit will be between $1,100 and $2,700. If you pay on time for 7 consecutive months, your credit limit will double. The main difference between the two cards is that whilst Indigo's credit limit is fixed at $300, Merrick Bank starts you off between $550 and $1,250. Merrick Bank's ranges from $0-72 whilst Indigo has 3 tiers, $0, $59, $75 for 1st year, then $99. As far as comparison goes, the annual fee is quite similar. Like the Indigo, Merrick Bank is targeting the same customer profile. The first is Merrick Bank Double Your Line Visa. There are three cards that I want to highlight to compare against Indigo. These cards also have similar application criteria in that they require applicants to be on the higher-end of the credit score spectrum (around 600).Ĭompared to other cards with no monthly fee or application fees Hence, we will compare it with similar credit cards. One of the key feature of the Indigo Mastercard is that they only charge an annual and does not charge any monthly fee or one-time application/processing fee. If you are pre-approved, you can then process to apply (which requires a hard pull or inquiry). Soft Pull Pre-approval Process - Indigo requires that applicants go through a pre-approval process which results in only a soft pull and have no impact on one's credit score. Regular APR - The regular APR is 24.9% regardless of what your annual fee is.Ĭredit Limit - Your starting credit limit is $300 and that will remain your credit limit as long as have the Indigo credit card as they do not increase your credit limit. The annual fee that will be assigned to your card depends on Indigo's assessment of your credit worthiness. You might get a card with no annual fee, a card with a $59 annual fee or one with a first year annual fee of $75 and then $99 from the second year onwards. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.Annual Fee - There are three levels of annual fee. Information in these articles is brought to you by. may be compensated through partnerships for referrals.ġ.
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