102020Dec

Indigo Credit Card Cardholder Agreement

A “good account” means a credit card account that has no more than one (1) monthly statement period beyond maturity and is not closed, debited or revoked as part of a credit right, all in accordance with our credit risk policies, which may change from time to time. The higher the annual fee, the less attractive this card becomes. Finally, instead, you could save a few hundred dollars for a secure credit card deposit that would allow you to build a credit and recover that deposit as long as you make one-time payments. (You cannot recover the cost of an annual fee.) From time to time, we may receive reports about you from credit bureaus for continuous credit card management. The Indigo Platinum Mastercard reports to the three major credit bureaus: TransUnion, Equifax and Experian. This is ideal for someone who is trying to build credits because these offices collect the information used to calculate your creditworthiness. You and any cardholder have fulfilled all obligations arising from the agreement, including due diligence to protect the PIN from unauthorized loss, theft or use, including the CARD, account or card PIN; and depending on your creditworthiness, you may not be charged any annual charge. But if you have bad credit, you`ll probably be liable for a current annual fee of $59 or $99. For new cardholders, the annual fee decreases from $99 for the first year to $75. With bad credits, you might be better off with a secure credit card, where the credit limit is usually as high as the amount you can deposit. Minimum payment: The monthly payment shows a minimum payment that we must receive from the primary cardholder this month on or before the payment due date. How we charge your minimum payment is indicated in your disclosure statement and available under www.tangerine.ca/creditcardlegal.

For balances below the minimum, the minimum payment is equal to the remaining balance payable. On your credit card account: you can redeem the refund premiums by instructing us to apply them as balances on your Tangerine credit card account. The amount of the premium money back is calculated for each transaction and is credited to your credit card account each month on or above the billing date or the next business day if the date of the invoice is a Saturday, Sunday or holiday in your province of residence. Refund premiums that are credited to your credit card account do not count towards your minimum payment. You are still responsible for the minimum payment per month. The card, issued by the Utah-based Celtic Bank, comes in a variety of different colors and designs, but doesn`t get distracted by its potentially high fees. It offers an expensive way to build credits. Even for those with bad credit, there are better options. The Indigo Platinum Mastercard offers Mastercard benefits that include extensive guaranteed coverage and travel assistance. Upon receipt of a copy of the communication, the card issuer must stop debiting the consumer account to make payments to the merchant. Click here to view the insurance certificate (valid only for Mastercard Tangerine World holders).

This low credit limit makes it easy to run high credit usage, which can hurt your credit, even if you`re working to improve it. It is not worth paying a high annual fee for a credit limit that is lagging behind. Information about financial activities such as your payment history and creditworthiness. The Tangerine World Mastercard® is a premium card and can impose higher acceptance costs on merchants. Reseller refunds: If a merchant presents a refund and we receive a credit voucher from the merchant, we will credit the credit card account with the amount refunded. However, if, in the meantime, interest has been calculated on the basis of the transaction, we do not refund the interest charged.