Blaze MasterCard Review – Blaze Credit Card Pros and Cons
The Blaze MasterCard is an option for people with poor to fair credit. It’s a very straightforward and no-frills card. The Blaze credit card isn’t a secured card, but the terms are almost identical to other secured options. However, it an option if you want to start building or repairing your credit. We’ll cover the pros and cons of the Blaze MasterCard next. This way, you can decide for yourself if this card is a viable option for you.
Blaze MasterCard Pros
1. Blaze Credit Card Approval Odds for the Blaze MasterCard
One of the biggest hurdles in building your credit is getting approved for a credit card. If you don’t want a secured credit card, this is even more difficult. The Blaze credit card offers excellent approval odds for poor and fair credit. So this can reduce the number of inquiries on your credit report. Since these lower your score a few points, this is a good sign.
2. No Money Down
The Blaze credit card requires no money down when the lender approves you. This isn’t a secured card. You won’t have to worry about coming up with additional cash to use as your credit line. However, your credit line will fluctuate until you prove that you’re able to use it responsibly.
3. Premium Club Membership
You can also pay $4.95 per month to have access to a Premium Club membership. This is completely optional for cardholders. You’ll get several perks for enrolling and paying the monthly fee though. These include access to an online mall that gives you cash back rewards. It also gives you lost key protection, hotel, rental car, and prescription discounts.
4. Blaze Credit Card Credit Increase
The Blaze MasterCard rewards cardholders who prove that they can use their card responsibly. You’ll be able to get a credit line increase after six months of on-time payments. This increases your spending capabilities. Also, it can boost your credit score. You do want to keep your credit utilization below 30-percent though.
5. No Miscellaneous Fees
Many cards for poor or fair credit add a lot of miscellaneous fees. These can be things like a setup fee, monthly maintenance fee, and more. The Blaze credit card is different. It doesn’t charge cardholders any additional fees. This is great news if you don’t have a lot of extra cash to spare.
6. Alert System
There are security features built into this card. For example, you can sign up for credit card text or email alerts. They can warn you when you’re approaching your spending limit. You can also set them for every purchase you make. The alerts can warn you when your payment due date is coming up. This can help to ensure that you don’t miss it or pay late.
7. Credit Bureau Reporting
The Blaze MasterCard reports your activity to all three credit bureaus. As long as you make your payments on time, this is great. However, it can quickly drop your credit score if you miss payments. Lenders also look at how much of your credit line you regularly use. So going over 30-percent will drop your score as well.
8. No Penalty APR
The APR on this card doesn’t move if you miss payments. Everyone pays a fixed fee of 29.9-percent. You won’t have to worry about paying more each month if you accidentally miss one. It is on the higher end, but you should expect this for poor and fair credit scores.
9. Excellent Customer Service
The Blaze credit card comes with highly rated customer service. Reviews show that cardholders are happy with the service they receive. The customer service team make it easy to work with this company. They’re also very responsive to customer questions and concerns.
Blaze MasterCard Cons
1. Blaze Credit Card Annual Fee
The Blaze credit card comes with a slightly higher annual fee. Cardholders will pay an annual fee of $75 each year. This can be very hard to swallow if you get a lower credit line. There are no rewards to balance out this fee either. You pay it every year to be able to use the card to build your credit.
2. Low Credit Lines
The Blaze MasterCard does offer credit lines up to $1,500 at the maximum. However, most people start out with a $350 credit line. You keep this credit line for at least six months. This means that you should only spend $105 per month. So it won’t help you very much in emergencies.
3. Higher APR
The APR on this card is 29.9-percent. If you carry a balance from month to month, this can add up. Even if your credit is slightly higher, you’ll end up paying it. It won’t be a problem if you don’t carry a balance. However, most people do for at least one or two months.
4. Murky Terms and Conditions
The terms and conditions say that you could get a higher line of credit after six months. However, it doesn’t say how you go about getting it. You can wait to see if the lender raises it on their own. You could also call the customer service team and ask them to increase it for you.
5. Low Maximum Credit Lines
Credit lines start at $350 for most people who apply. However, it can only go up to a maximum amount of $1,500. For most people, this isn’t able to help them a lot. Once you max the card out, you’ll have to apply for another with less strict terms. This can cause the cycle to start all over again.
6. Pay Extra for a Premium Membership
You can get access to a premium membership. This will allow you to get a few perks and cash back options. However, you have to pay extra for it. You’ll pay $4.95 every month you want to have the premium membership option. This isn’t a lot, but it can be hard to outweigh the other fees.
Blaze MasterCard® Credit Card Bottom Line
The Blaze MasterCard is a good option if you don’t have any other options available. You can also try for the Capital One® Platinum Credit Card. You won’t pay an annual fee with this option. You’ll get outstanding customer service, access to increased credit in five months, and it’s also geared towards fair credit. Together with both easy approval fair credit cards, this can help build your credit fast.
Blaze Credit Card Application Status
Received a Pre Qualified Blaze MasterCard Offer in the Mail?
Enter your Blaze MasterCard reservation number and access code: http://blazecc.com/accept
If you have not received a Blaze MasterCard pre qualify letter in the mail do not worry.
The Blaze MasterCard is easier to get approved for. It is easy to learn your Blaze credit card status. Please keep in mind that not all applications get approved. Credit approval is easier than other credit card offers geared towards poor to fair credit but not guaranteed.
CreditSoup® Fair Credit
So no matter which option you choose, the Blaze MasterCard can help to build your credit. You can see your credit score rise in as little as a few months. Additionally, it’ll allow you to upgrade to a better card when your credit score rises. Finally, the Blaze credit card has lower fees compared to other credit card offers in the poor/fair credit category.
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