If you’re in the situation where you have little or no credit history or a poor credit rating, then the Blaze Credit Card may be a good option for you. This card doesn’t offer premium features such as cash back rewards or free travel when it is used, but it does offer benefits that are helpful for people who are trying to establish their credit or to rebuild it after unfortunate financial circumstances. This card can help you to build your credit rating to the point of qualifying for the premium cards over time when you make your payments on time and establish a solid payment history with them. Here are 10 benefits of having a Blaze MasterCard Credit Card.
1. Easy approval
The Blaze MasterCard offers an online application process and it’s easy to get approved. While there are some applicants who may be denied, the majority of applicants have no problems and many receive instant approval when meeting the qualifications. There are several reviews written from Blaze Cardholders who were approved within just a few months of bankruptcy discharges. Even if your credit rating is poor, this card is not difficult to get if you have a steady job.
2. Fully functional MasterCard
In today’s society, there are many situations where a credit card is required, such as making hotel reservations or car rentals. The Blaze MasterCard can be used like any other credit card. There are no special hoops to jump through and it doesn’t have to be used for a specific vendor, like some other credit rebuilding options.
3. The Blaze MasterCard is a credit building tool
The company that issues the Blaze MasterCard reports to the major credit bureaus. This means that using the card to make purchases every month, then making the payments on time will help to raise your credit score. After you’ve used the card for 6 months or longer, and been responsible with your payment habits, you should notice a favorable rise in your credit score. This will help you to qualify for better credit cards that have no annual fees, and lower APRs on balances owed. It’s a good tool for building or rebuilding your credit.
Some secured or poor credit cards charge astronomical fees just for the privilege of becoming a cardholder. This is not the case with the Blaze MasterCard. You’re told upfront that there is an annual fee of $75 and this charge is placed on your account immediately upon approval. When you receive your card, you’ll get a statement that details the APR, which in most cases is 29%, but some have been granted a lower APR. One of the benefits of the Blaze MasterCard is that there will be no surprises.
5. Customer service is highly rated
We researched the Blaze MasterCard through reviews left by current and former cardholders. We found that most give the customer service department a high rating. Not all companies are easy to work with and it makes cardholders feel more comfortable when they know that the company is responsive to their questions and concerns.
6. Special Financing
While the APR for the Blaze MasterCard is high, in some cases as high as 29.90%, there is some good news. The company has ensured that missing a payment will not cause your APR to increase. There are many other financial institutions on the market that increase the APR when a late payment is made. You won’t need to worry about this with your Blaze MasterCard.
7. The APR is variable
The APR is listed as being variable. Some of the Blaze MasterCard holders report that their APRs have been as low as 21%. While this may not be a premium card rate, you have the assurance that it will not go beyond 29.90%. It’s always nice when yours comes in a few points lower. This rating is determined by your overall credit score.
8. The late fees are low
Hopefully, you won’t ever be charged a late fee because you’ll make your payments on time. If something happens, such as a returned check or a forgotten payment, the maximum payment is a mere $25. This is a low late fee when compared to many of the other credit cards out there.
9. Peace of mind
Having a fully functional credit card can give you peace of mind. It can also help to build your self-esteem. It’s embarrassing to be turned down for a car rental or for a hotel room rental because you do not have a credit card, which is required by many vendors nowadays. The Blaze credit card can be used like any other card.
10. A positive step to a better future
Applying for a credit rebuilding card is a positive step in increasing your creditworthiness. While the Blaze MasterCard does not offer any rewards for using it, such as cash back on purchases or free travel miles, it does offer one very important benefit. It will help you to build your credit up so you can qualify for better cards in the future when it’s used responsibly.