Blaze Mastercard Credit Card Review

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The Blaze Mastercard is designed to help you build your credit and form strong credit habits. However, it comes with an (low) annual fee.
  • Annual Fee:
    $65
  • Regular APR:
    29.9% fixed
  • Recommended Credit Score:
    Poor, New to Credit

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Blaze Mastercard Credit Card is great for people with a low credit score. Blaze labels their Mastercard as “A second chance credit card”.

This means your approval odds are high no matter your credit score. After six months of being a good cardmember (making payments on time), you are eligible for a credit line increase.

You will also find your credit score increasing as Blaze Mastercard Credit Card reports to all three credit bureaus.

Blaze Mastercard Credit Card Pros and Cons

Pros:

  • Blaze Mastercard Credit Card will not raise your APR if you are late on a payment.
  • Blaze Mastercard Credit Card offers an optional program called the PREMIUM Club for $4.95 per month that offers discounts on prescriptions, hotels, dining, car rentals, and entertainment.
  • You can receive a credit limit when your account is in good standing (payments made on time) for 6 months.
  • Blaze Mastercard Credit Card reports to all three credit bureaus to help your credit score increase with on-time payments.

Cons:

  • Blaze Mastercard Credit Card charges a $75 annual fee.
  • The APR is high at 29.9%.
  • The max credit limit is $1,500 but can be as low as $350. See above on how you could get this raised.
  • There is a late fee of up to $25, which is the same fee for returned payments.

What Is the Blaze Mastercard Credit Card?

Blaze Mastercard Credit Card was designed for people that have had trouble with their credit score. If you find yourself being turned down due to your credit, Blaze Mastercard Credit Card may be for you. They advertise that most people are accepted.

Because most of their members are working on building their credit score back up, you will find lower credit limits than you will on most other credit cards.

You also will not find any type of rewards program by default unless you opt-in to pay $4.95 per month for their Premium Club, in which you get discounts on prescriptions, hotels, dining, car rentals, and certain entertainment.

How Does the Blaze Mastercard Credit Card Work?

If you have received a mail offer, prequalification, then follow the steps in the offer. If you have not received a prequalification letter, you can register by going to their website.

Blaze makes applying easy. Once you click “apply” on their website, you will fill in the normally required information when applying for a credit/loan. You will also be given the option to buy into their PREMIUM Club at $4.95 per month. Once you are approved, you can use your card anywhere Mastercard is accepted.

Blaze Mastercard Credit Card Review

Here is a recap of fees and rewards on the Blaze Mastercard Credit Card.

  • Annual Fee: The Blaze Mastercard Credit Card has a $75 annual fee.
  • Credit Limit: The Blaze Mastercard Credit Card will come with a limit of $350 to $1,500, depending on your credit score.
  • Regular APR: The regular APR for the Blaze Mastercard Credit Card is 29.9%, which is among the highest in the credit card industry.
  • Security Deposit: Since the Blaze Mastercard Credit Card is an unsecured credit card, no security deposit is needed.
  • Rewards: The Blaze Mastercard Credit Card does not offer any rewards unless you choose to be in their PREMIUM Club that costs $4.95 per month. You will then gain discounts on prescriptions, hotels, dining, car rentals, and entertainment.

Blaze Mastercard Credit Card Benefits and Features

Here are some benefits and features of the Blaze Mastercard Credit Card.

Easy to Get Approved

The Blaze Mastercard Credit Card is specifically designed for people with a low credit score. Because of this, your odds of approval are high. However, your credit limit may be as low as $350.

Transparent Fees

Although the Blaze Mastercard Credit Card has higher fees than most. They are transparent with their $75 annual fee and 29.9% APR, among other fees.

No Security Deposit Required

Even though the Blaze Mastercard Credit Card targets consumers with low credit scores, it is still an unsecured credit card, so no security deposit is required.

Begin Building Good Credit

The Blaze Mastercard Credit Card gives consumers with low credit scores another chance at credit. You may not receive a high credit limit, which can be as low as $350, but your approval odds are high.

Furthermore, the Blaze Mastercard Credit Card will report all your payments to the three credit bureaus, which will start helping you repair and build your credit score.

Who Is the Blaze Credit Card Best For?

The Blaze Mastercard Credit Card is best for individuals with low credit scores. The Blaze Mastercard Credit Card gives individuals with low credit scores another chance with a credit card while they begin working on their credit score.

>> More: Best Credit Repair Companies

How Does the Blaze Mastercard Credit Card Compare?

The Blaze Mastercard Credit Card has higher fees than most credit cards. This is directly related to the consumers they target individuals with lower credit scores and normally higher risk.

Because of this, they take on a higher risk which is offset a little with higher fees. Here are some alternatives to the Blaze Mastercard Credit Card.

#1. OpenSky® Secured Credit Card vs Blaze Mastercard Credit Card

OpenSky® Secured Credit Card, so you will need to put a minimum of $200 refundable deposit down. There is an annual fee of $35 but a low APR of 17.39%.

OpenSky® Secured Credit Card reports to all three credit cards, so your score should increase as you make payments on time. Unfortunately, OpenSky® Secured Credit Card does not offer any rewards.

#2. Blaze Mastercard Credit Card vs Petal® 2 Credit Card

Petal® 2 “Cash Back, No Fees” Visa® Credit Card offers credit limits from $500 to $10,000. Due to the higher credit limit potential, individuals with better credit are more likely to get approved for the Petal® 2 Credit Card.

You will earn 1% cash back rewards on all purchases, and that could increase to 1.5% when you make 12 on-time payments. Petal will run specials that will allow you to earn 2% to 10% on select merchants from time to time.

#3. Discover it® Secured Credit Card vs Blaze Mastercard Credit Card

Discover it® Secured Credit Card is a secured credit card, meaning you will need to put a deposit down. This deposit will act as your credit line and is a good alternative for someone that cannot qualify for an unsecured credit card.

You will then be able to use your card anywhere Discover is accepted and start earning rewards. Some of the rewards are 2% cash back at gas stations and restaurants, up to $1,000 per quarter, and unlimited 1% cashback on all other purchases. To help boost your credit, Discover reports all your payments to the three credit bureaus.

Frequently Asked Questions

Here are some frequently asked questions on the Blaze Mastercard Credit Card.

Is Blaze Mastercard a Good Card?

If you have a low credit score and do not mind a lower credit limit when compared to other cards, then Blaze Mastercard Credit Card can be a good card for you. You can ask for a credit limit increase after 6 months of on-time payments.

Does the Blaze Mastercard Help You Build Credit?

Yes! One of the positives about Blaze Mastercard Credit Card is that they report your payments to all three credit bureaus. This can help you with raising and establishing your credit score.

Bottom Line: Blaze Mastercard Credit Card Review

If you have a low credit score and you do not want a secured credit card, which requires a deposit, then Blaze Mastercard Credit Card can be a good card.

However, as you can read above, where some alternatives were listed, you will find credit cards that have better rewards, fewer fees, and still report to all three credit bureaus, which will help you raise your credit score with on-time payments.

The annual fee of $75 combined with the lower credit limit of $350 does leave much room in “credit” on the Blaze Mastercard Credit Card.

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Brian Latchford
Brian Latchford
Brian is a serial entrepreneur that loves technology and coffee. From working with start-ups to creating his own recruiting company, Brian is eager to share his experiences with other founders and business executives. Throughout his career, Brian has enjoyed writing on many topics in the Business, Technology, Finance, and Gaming industry and helps other business leaders as a freelancer.