There are many reasons you may not qualify for a credit card. It could be you have very bad credit or you do not have a credit history. For some, missed payments in the past could have led to a less than perfect credit score. To reclaim your credit rating or build a history, the Blaze MasterCard credit card is all you need.
In technical terms, Blaze is not a secured card but looks so in considering its terms, interest rates, and fees. If you are looking for a credit card with perks and other rewards, Blaze just isn’t one of them. The good thing about it is that you can qualify for one regardless of your credit history. This card can be used just about anywhere they accept a MasterCard. It is useful in building a credit rating and history.
To get the Blaze MasterCard credit card, issued by First Savings Bank, you don’t have to pay a security deposit. But you will pay an annual fee. That’s a drawback, given the many other credit cards which have similar benefits at no fee at all.
As you continue using your Blaze card your credit reports will be relayed to the major bureaus. The more you make payments on your card, the more your credit score will rise. The end result is you qualify for a much better card. It could even be one of the great cashback cards, from which you will earn rewards as you keep spending.
|Blaze MasterCard At a Glance|
|$75 Annual Fee|
|APR: 29.9 % Fixed|
|Cash Advance APR: 29.9 % Fixed|
|No Security Deposit Required|
|$25 Maximum Late Fee|
|No Penalty APR|
|No Hidden Fees|
Features and Benefits of Blaze MasterCard Credit Card
1. Easy Credit Card Approval
To apply for the Blaze MasterCard, you need to go online. Approval for this card is easy, even though some applications could be denied. Even with a poor credit rating, getting approved for this card is simple and easy. All you need is a steady source of income.
2. You Get a Fully-Functional MasterCard
Some transactions cannot be made without a credit card. They include car rentals, hotel reservations, and so on. Blaze MasterCard is just like other credit cards. There are no restrictions when it comes to the choice of vendor together with zero special instructions.
3. Helping You Build Your Credit
As you keep using your Blaze MasterCard, reports will be made to all the main credit bureaus. Expect your credit score to keep improving every month you make your payments on time. After 6 months of regular use and consistent payments, your credit score will start looking impressive. You will even be eligible to better credit cards which do not charge an annual fee.
4. No Hidden Fees
Don’t be afraid to take out a Blaze MasterCard credit card. Unlike other cards, it doesn’t have any hidden fees and charges. Everything is laid on the table the moment you get approved for one. For instance, you will get to know about the $75 annual fee from the get-go.
5. Peace of Mind
Nothing gives you assurance concerning your finances than being in possession of a fully functional card. You don’t have to suffer the embarrassment that comes with being turned down for a hotel room or car rental. The Blaze MasterCard can be used to make payments at virtually any vendor.
6. No Penalty APR
Unlike the other cards, missing a payment on the Blaze MasterCard credit card does not cause an increase in the APR. The APR is set at a high of 29.90 percent but can be as low as 21 percent. It is your credit score which will determine the rate you pay.
7. $25 Maximum Late Fee
If you make all your payments on time, you don’t have to pay a late fee. Where this is the case, then you will only be charged a $25 fee. Not many of the other credit cards charge such a low fee. This a major reason for the rising popularity of the Blaze MasterCard among individuals with no credit history or poor ratings.
8. Highly-Rated Customer Service
Many of the Blaze MasterCard online reviews show that former cardholders are very happy individuals. The customer service department is given a very high rating. That means it is easy to work with this company, which is seen as responsive to the clients’ concerns and questions.
Do You Earn Anything With The Blaze MasterCard?
Compared the secured cards, the Blaze MasterCard hardly offers any cashback or rewards. It works perfectly as a credit score rebuilding tool. The good thing is that it allows you to enjoy the benefits of a fully-functional MasterCard.
You can only qualify for credit cards that offer rewards by tremendously improving your credit rating. Once your credit is good enough, you no longer need a Blaze MasterCard. You can apply for any of the travel and cashback cards that work well to serve your needs.
Should Apply For A Blaze MasterCard?
The Blaze MasterCard is good for you if your credit is either bad or non-existent. The $75 annual fee isn’t much to pay for someone who really needs a credit card. But don’t rush into it. First, check the other available options to be very sure of what you are getting into. Some secured cards charge no annual fees and others are way cheaper.
An example is the Capital One Secured MasterCard, which charges no annual fee. The good thing about it is that you will earn cashback rewards whenever you use it to make payments. The cashback on gas station and restaurant payments is fixed at 2 percent for a maximum of $1,000 per quarter.
Its high functionality makes it great for use where they accept MasterCard. Making online purchases, reserving a hotel, or renting a car can be done very conveniently. While at it, you get to build your credit much faster and qualify for a cashback, no-fee card within a very short time.
In the fine print of the card agreement, it states that the range of credit limit you could be given starts at $350 up to a maximum of $1,500.
Anyone who qualifies for a standard credit card doesn’t need to apply for Blaze. The annual fee is high and the benefits few. Its high APR makes your repayments a little more expensive. If your credit rating ranges anywhere from fair to excellent, you can get a card that comes with several rewards. Besides, some great cashback cards hardly charge any annual fee.