Indigo Platinum Mastercard: Is It Right for You?

The Indigo Platinum Mastercard is one of the premium rewards credit cards available in Canada. With a robust rewards program, best-in-class insurance coverage, and a hefty annual fee, this card aims to provide an exceptional experience for affluent cardholders.

Indigo Platinum Mastercard

But is the Indigo Platinum Mastercard right for you? This article covers all the key details you need to decide if it should find a spot in your wallet.

An Overview of the Indigo Platinum Mastercard

The Indigo Platinum Mastercard is issued by Canadian Imperial Bank of Commerce (CIBC) and offers cardholders:

  • A sign-up bonus of 15,000 bonus points worth $150 in rewards when you spend $3,000 in the first 4 months
  • Earn 5 points per $1 spent at Indigo, Chapters and Coles stores (in-store and online)
  • Earn 2 points per $1 spent on groceries, dining, entertainment and daily transit
  • 1 point per $1 on other purchases
  • Points are worth 1 cent each when redeemed for travel via CIBC Rewards Centre
  • $120 annual travel enhancement fee credit
  • Annual fee of $120
  • Complimentary airport lounge access via Priority Pass

Credit Score Consideration

Like most premium rewards cards, the Indigo Platinum Mastercard looks for applicants with good to excellent credit for approval. Specifically you typically need a minimum credit score of 660.

Having a score of 700+ will increase your chances. Factors that help your application include:

  • Low credit utilization
  • No missed or late payments
  • 7-10+ years of credit history

If your score needs improvement, some options include paying balances in full each month, limiting hard credit checks, and allowing your credit history to lengthen over time.

Platinum Card Features

As a premium Mastercard, the Indigo Platinum Card packs several high-end perks:

  • Airport Lounge Access

A Priority Pass membership comes included, giving access to over 1,300 airport lounges worldwide. Relax comfortably before flights and enjoy complimentary food, drinks and wifi.

  • Concierge Service

The 24/7 Platinum Concierge assists with booking travel, making restaurant reservations, sourcing gifts, and more. It serves as your personal assistant while traveling.

  • Hotel Privileges

Enjoy complimentary room upgrades, late check-out, dining and resort credits and more at over 900 Luxury Hotel & Resorts locations. Discover premium treatment during hotel stays.

Fees and APR Breakdown

  • Annual Fee: The Indigo Platinum Mastercard has no annual fee if you have good credit. For those rebuilding their credit, there is a $99 annual fee.
  • APR on Purchases: 19.99%
  • APR on Balance Transfers: 22.99%
  • APR on Cash Advances: 22.99%
  • Foreign Transaction Fee: 3%

As you can see, interest rates run high so this card is best suited only for those who pay statement balances in full each month. Carrying a revolving balance will diminish savings from rewards.

How to Apply for the Indigo Platinum Mastercard

Applying for the card involves 3 simple steps:

  1. Gather details needed for the application like income, ID, etc.
  2. Go to the CIBC website and click “Apply” under the Indigo Platinum Mastercard section.
  3. Fill out the secure online application form.

The bank will review your application using factors like credit score, income and debts before making an approval decision.

Check your email inbox for updates on your application status. If approved, your new card will arrive by mail within 2 weeks.

Activating Your Indigo Card

You must activate your card before first use:

  1. Call CIBC at the number on the card sticker once it arrives
  2. Verify your identity by answering security questions
  3. Choose a PIN number for purchases

Your card is now ready for use once activated!

Managing Your Online Account

CIBC offers cardholders the ability to manage their account conveniently online:

  1. Visit CIBC online banking
  2. Log in using your credit card number and PIN
  3. Review statements, pay bills, check rewards balance, and more

You have full control over account details through the secure portal. Reach out to customer service if any login assistance needed.

Indigo Platinum vs Similar Cards

How does the Indigo Platinum Card compare against rival premium rewards cards?

The American Express Cobalt Card also offers 5x points on select bonus categories like groceries and dining out. It has no annual fee but a higher monthly cost.

The Scotiabank Passport Visa Infinite Card provides lounge access, insurance perks and generous welcome bonuses like the Indigo Platinum. Apply if you want more flexible redemption options.

The CIBC Aventura Visa Infinite gives 4 points per $1 spent at gas stations and groceries alongside other rewards. Consider it if you want CIBC perks without the Indigo focus.

Each of these cards makes a case in the premium segment. Choose based on where your spending and brand loyalties reside.


The Indigo Platinum Mastercard stands out through its multiplicative earn rates on key categories and array of upscale benefits. However, its success hinges on using the card strategically to extract sufficient incremental value.

For loyal Indigo customers and jet-setting diners, this card likely deserves a spot in your wallet.

Check Out:


Please enter your comment!
Please enter your name here