Blaze Mastercard Reviews: Best Unsecured Credit Card?
The Blaze Mastercard is considered to be one of the most popular credit cards for people who want to get on the fast track to rebuilding their credit. There is a reason why there are countless Blaze Mastercard reviews all over the internet!
The main reason why so many people apply for this card is that after 6 months, you have the opportunity to increase your credit limit. 6 months is pretty quick compared to other credit cards (with secured cards, 12 months of positive activity is usually required until the company allows you to apply for one of their regular, unsecured cards).
So if you’re in a rush to improve your credit score, then Blaze Mastercard might be the best option for you.
Blaze Mastercard Pros and Cons:
There are a lot of Blaze Mastercard reviews on the internet that outline the advantages and disadvantages of the product. In this review we will be going over the pros and cons of the card and whether or not we would recommend the Blaze Mastercard to someone with bad credit or anyone who’s looking to improve their credit score.
Pros:
The Blaze Mastercard is one of the few cards out there that offers unsecured lines of credit for people with low credit scores.
Often times, credit card companies will only offer a secured line of credit which requires the applicant to put down a security deposit (could be anywhere from $200 to $1000). So…if you don’t want to put down a large amount of money just to be able to use a credit card, Blaze’s Mastercard might be a great option.
Other Blaze Mastercard reviews have mentioned this but another big plus to Blaze’s Mastercard is how fast they approve you for an increased line of credit.
Most companies who offer secured credit cards will not allow you to upgrade to a regular card until you’ve had your secured card for one year and have made no late payments.
The fact that Blaze gives their customers the opportunity to increase their credit limit after only 6 months of good behavior is a huge plus and is hard to find in other credit cards.
Blaze Mastercard is backed by limited liability protection and security alerts. You will never be held responsible for fraudulent activity on your account and Blaze monitors your account 24/7 for unusual purchases.
Although the fees for this card are high, there are no “hidden fees” which are easy to come by with other credit cards. With Blaze Mastercard, there are no maintenance and setup fees. Everything is included in the annual $75 fee.
Like other secured cards, Blaze reports your activity to the three major credit bureaus right away so that your credit score is constantly being updated.
Cons:
One thing that a lot of Blaze Mastercard reviews mention is that it costs quite a bit to acquire a card. They charge an annual fee of $75, which isn’t high, but isn’t low either..
Their APR rate sits at 29.99% which is very high compared to other credit cards (the national average APR rate for credit cards rests at around 17%).
Blaze also does not provide any rewards which is slightly disappointing. Usually with a high annual fee and APR rate, you get substantial rewards and/or cash back. Blaze Mastercard gives you neither, however; it does give you the opportunity to get on the fast track to a high unsecured line of credit which for some people is worth the high fees.
If you are looking for a credit card for bad credit that gives you rewards, a secured credit card might be your best bet.
Takeaways: Blaze Mastercard Reviews
Take a look at any of the Blaze Mastercard reviews posted on the internet and you will see some common threads.
The majority of people say that Blaze Mastercard is a great option for people with bad credit who are looking to get approved for an unsecured line of credit ASAP.
Not only are you approved right away, but it only takes 6 months until you can apply to increase your credit limit, this is a really great thing.
Blaze Mastercard truly is the accelerated credit building card and if you’re looking to get unsecured credit NOW, then you might want to consider applying for one.
Click here to start your application for a Blaze Mastercard.
