Blaze MasterCard: The Best Credit Card Reviews

In this article, you will find everything you need about Blaze MasterCard and Blaze MasterCard credit cards.

The Blaze MasterCard credit card is a solid go-to option for those who want to initiate rebuilding their credit without turning to the secured credit card(s).

After having received positive customer reviews, the Blaze MasterCard is a superior choice for those who want to boost their credit score as it does not require a security deposit.

Blaze MasterCard Stats

Using your MasterCard credit card responsibly for when your credit score is low can prove to be an effective strategy to repair it.

Are you wondering how you can be eligible for a credit card if your score is low? This is where the Blaze MasterCard steps in as it is specifically designed for those looking to recover their credit.

The crucial information you need to know about the unsecured Blaze MasterCard credit card is as follows:

• First Savings Bank issues the Blaze MasterCard

• A fixed APR (annual percentage rate) of 29.9% is to be paid by all cardholders.

• An annual fee of $75 is to be paid by every cardholder. Some users’ online reviews said that First Savings Bank waived off the annual fee for them after a few years of responsible use and timely payments.

• Initially, there is a $350 credit limit but those who have higher credit scores reportedly received up to a $1,500 credit limit with their Blaze MasterCard.

• A credit score increase is likely after 6 months for those paying bills timely while maintaining their account in good standing.

• No security deposit is required for the Blaze MasterCard because it is a regular credit card.

• Proactive customer service based in the United States.

• Receive alerts after downloading the free mobile app which also allows you to manage your account. You will be notified via text when your spending limit is about to be reached or the due date for payment is nearing.

Priced at $75, Blaze MasterCard’s yearly fee is more than most other regular credit cards. However, this higher rate might be worth it if you are looking to avoid the restrictions of a secured card.

The Pros and Cons of Blaze MasterCard Credit Card

Following are the possible advantages and disadvantages of the Blaze MasterCard Credit Card.

Pros of Blaze MasterCard

Following are the reasons the Blaze MasterCard is popular among users.

1. Easy to Approve

You do not need a high credit score to attain a Blaze MasterCard as it is marketed towards those with fair to low credit.

This news is encouraging for those looking for a new credit card while avoiding hard inquiries which pull the credit score down.

2. No Security Deposit Required

A security deposit is not required to open an account because the Blaze credit card is not secured.

On the contrary, you are likely to receive a comparatively low credit limit if the credit on your card is low. However, this credit limit can be increased if your card is used responsibly for on-time payments for about six months.

3. No Hidden Charges

There are no hidden fees with the Blaze Mastercard, unlike many other credit cards issuers who burden you with plenty of hidden charges.

You will have to pay maintenance fees, setup fees or service charges every month.

4. Increased Credit Limit

Initially, there is a $350 credit limit but those who have higher credit scores reportedly received up to a $1,500 credit limit with their Blaze MasterCard as long as they made timely payments for at least six months.

This is beneficial for those looking to repair their credit as a higher credit limit will automatically increase your credit score.

5. Proactive Customer Service

Blaze MasterCard credit card customer service is prompt, easily approachable, and quick to resolve your credit repairing queries.

6. Reporting to Credit Bureaus

Your good credit practices such as timely payments will be recorded and reported to the main credit bureaus via Blaze MasterCard.

Cons of Blaze MasterCard

Similar to credit cards made for those with a low credit score, Blaze MasterCard too has its drawbacks. Keep a lookout for the following:

1. High Annual Fee

Priced at $75, Blaze MasterCard’s yearly fee is more than most other regular credit cards provided to those with bad credit.

The price for cardholders to pay is high for the Blaze MasterCard considering that you only receive a credit limit of $350.

However, the credit limit rate can be increased after using your card responsibly for six months i.e. timely payment of bills and keeping your credit utilization under 30%.

In addition to this, several online reviews stated that First Savings Bank waived off the annual fee for them after a few years of responsible credit usage.

2. Low Credit Limit

It is unlikely to get a high credit limit with Blaze MasterCard unless you have a good credit score. Initially, there is a $350 credit limit but those with increased credit scores reportedly received a higher limit – to about $1,500.

3. High APR

A fixed high APR (annual percentage rate) of 29.9% is to be paid by all Blaze MasterCard cardholders.

This rate can be financially damaging in terms of interest if your balance is carried forward every month.

It is recommended to look for Blaze MasterCard substitutes if you think you will be unable to pay off your card monthly.

4. Max Credit is Limited

Blaze MasterCard credit card reaches its maximum limit at just $1,500. This low limit is not helpful if you are looking to boost your credit utilization rate.

5. Rewards Are Extra

Cashback rewards offered by Blaze MasterCard come at the cost of subscribing to their premium membership at $4.95/month.

6. Unclear Terms on Credit Limit Increases

A higher credit limit is not guaranteed as it is not mentioned in writing in Blaze MasterCard’s terms and conditions.

Unsecured vs. Secured Credit Cards

The benefits and drawbacks of secured credit cards still prevail. You should assess the pros and cons of secured credit cards if you come across one which lets you build your credit again.

Not having to deposit to open an account makes Blaze MasterCard an unsecured credit card.

Are You Eligible to Apply?

The Blaze MasterCard is easily approved which makes it a good choice for those who have a low credit score.

Blaze MasterCard’s online application requires you to fill in your basic identity information and income.

Your credit score will play a significant role in determining whether you are eligible to qualify for the Blaze MasterCard credit card issued by the First Savings Bank. Despite this fact, many cardholders with poor credit scores were approved.

How to Apply for a Blaze MasterCard Credit Card?

Applying for the Blaze MasterCard is a simple process that can be divided into the following steps.

1. Know your Credit Score

It’s always better to be familiar with your credit score before applying for a credit card. A credit report can help you determine what’s pulling the credit score down, and that way necessary measures can be taken to improve your credit score.

2. Submit Your Application

Blaze MasterCard’s online application requires you to fill in your basic information such as your name, address, social security number, and, income (taxable & non-taxable).

The application can then be submitted with just a single click.