Blaze MasterCard

Bankrate Score
Learn about the Bankrate score

Just because you can qualify for this card doesn't mean you should get it.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our bad credit category page.

Advertiser Disclosure: This post contains references to products from one or more of our advertising partners.

Although it’s an unsecured credit card, the Blaze MasterCard has terms and conditions nearly identical to that of many secured cards. It has a sky-high APR, comes packed with fees and doesn’t give you a lot in return.

The only real difference is that you don’t have to put down a security deposit, which might be more appealing for someone with poor credit who is short on cash.

Review

The Blaze MasterCard is what some might call an end-of-the-line choice. This is the type of credit card you might get if you have a blemished credit history, don’t have any extra money for a deposit on a secured card and you need a credit card.

There are some big drawbacks to this card that should not be overlooked. First, it charges an annual fee of $75. 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. If you’re only granted a credit limit of $350, that annual fee will cut your credit to $275 before you even sign your name to the back.

Part of building up a better credit profile is maintaining a low credit utilization ratio. If you’ve used up $75 of your credit on a $350 credit line, that’s a credit utilization of 25%. Anything above a 30% ratio can have a negative impact on your score, which means that actually using this card may not do much to help your credit rating.

The card also has a double whammy of high APR — a variable 29.9% on purchases — and a $25 late fee. That’s bad news for anyone whose bad credit is at least partly to blame on late payments.

Unless you commit to exceptional payment behavior with this card, you will have difficulty improving your credit score and qualifying for better offers.

One possible bright spot with this card is buried in the fine print. It’s possible to qualify for a higher credit limit if you pay on time, meet the issuer’s debt-to-income requirements and keep your account in good standing.

We have enough gripes with this card that we think you’d be better off using a prepaid debit card or a secured card.

Who should get this card

We can’t recommend that anyone choose this card.

Advantages
  • If you have less-than-stellar credit, you can still get approved for this card.
  • The Blaze MasterCard is an unsecured card so you don't have to put any money down to open the account.
  • There are no maintenance or set-up fees like with many other cards aimed at those with poor credit.
Disadvantages
  • The annual fee eats away at your useable credit.
  • The APR is higher than average.
  • It's unclear what the exact terms are to attain a higher credit line.

Fees and APR

  • The annual fee is $75.
  • The variable APR on purchases with this card is 29.9%.
  • Late payments won’t affect your annual percentage rate but you will be subject to a late fee of up to $25.

Extras, perks and using points

For an additional $4.95 per month, you can enroll in the PREMIUM Club Membership, which gives access to an online mall that pays cash back rewards and offers lost key protection and prescription, hotel and rental car discounts.

How this card compares

Discover it® Secured Card
Card Details
  • No Annual Fee, cash back on every purchase, and helps you build your credit with responsible use.
  • Your Secured Credit Card requires a refundable security deposit up to the amount we can approve of at least $200 which will establish your credit line.
  • You will need to provide your bank information when submitting your security deposit.
  • We will automatically begin reviewing your account starting at 8 months to see if we can transition you to an unsecured line of credit.
  • Earn 2% cash back at restaurants & gas stations on up to $1,000 in combined purchases each quarter. Plus, 1% cash back on all your other purchases.
  • Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
  • New! Receive Free Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
Credit Needed No Credit
Regular APR 23.99% Variable
Annual Fee $0
Purchase Intro APR N/A
Balance Transfers Intro APR 10.99% for 6 months

The Discover it Secured Card packs a powerful punch of attributes not typically seen in secured cards. For starters, you earn cash back with the card — something no other secured card on the market offers. And it will double your cash back at the end of the first year. The bank also will review your account, starting at eight months to see if you qualify to graduate to an unsecured card.

Credit One Bank® Platinum Card
Card Details
  • Credit One Bank automatically monitors every account for credit line increase opportunities each month. We'll let you know as soon as you're eligible for a higher credit line. A fee may apply.
  • See if you Pre-Qualify without harming your credit score. Find the card that's right for you in less than 60 seconds.
  • Eligible purchases will automatically get you 1% cash back, terms apply.
  • This is a fully functional, unsecured credit card—not a debit, prepaid, or secured card. No need to load funds or tie up cash in deposits. There are no out-of-pocket costs to open your account.
  • Enjoy peace of mind with $0 Fraud Liability
  • Email and text alerts remind you when your bill is due, your payment posts, or your available credit is running low
Credit Needed No Credit
Regular APR 16.99% - 24.99% Variable
Annual Fee $0 - $99
Purchase Intro APR N/A
Balance Transfers Intro APR N/A

The Credit One Bank Platinum Card offers some rewards, and charges a decent APR for a secured card. A major drawback of the card is that you won’t know the exact terms of your offer until you’ve applied.

OpenSky® Secured Visa® Credit Card
Card Details
  • No credit check necessary to apply. OpenSky believes in giving an opportunity to everyone.
  • The refundable* deposit you provide becomes your credit line limit on your Visa card. Choose it yourself, from as low as $200.
  • Build credit quickly. OpenSky reports to all 3 major credit bureaus.
  • 99% of our customers who started without a credit score earned a credit score record with the credit bureaus in as little as 6 months.
  • We have a Facebook community of people just like you; there is a forum for shared experiences, and insights from others on our Facebook Fan page. (Search "OpenSky Card" in Facebook.)
  • OpenSky provides credit tips and a dedicated credit education page on our website to support you along the way.
  • *View our Cardholder Agreement located at the bottom of the application page for details of the card.
Credit Needed No Credit
Regular APR 18.39% (Variable)
Annual Fee $35
Purchase Intro APR N/A
Balance Transfers Intro APR N/A

The two reasons you may want to apply for the OpenSky Secured Visa Credit Card is if you don’t own a checking account, but still want access to a credit card, or if you’re looking for a secured card with a decent annual percentage rate.

There’s a very narrow band of consumers this applies to, we imagine.

Indigo® Platinum Mastercard®
Card Details
  • Pre-qualification available with no impact to your credit score
  • Previous bankruptcy OK
  • Easy pre-qualification process with fast response
  • Free online account access (mobile friendly)
  • Protection from fraud, if your card happens to be lost or stolen
  • Accepted at over 35 Million Locations Worldwide!
Credit Needed Poor
Regular APR 23.90%
Annual Fee $0 - $99
Purchase Intro APR N/A
Balance Transfers Intro APR N/A

The Indigo Platinum Mastercard is aimed at those with fair credit, which means it’s easier to be approved for than many other cards. It also reports to all three of the major credit bureaus, so with regular on-time payments, you can improve your score and eligibility for credit cards with lower APRs. This card has three different fee structures. The one you’re offered is dependent on your creditworthiness as determined by the issuer.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.