Blaze Secured Credit Card Review

 Card Stats:

Minimum Security Deposit: $300
Maximum Security Deposit: $1,500

Interest Rate: 24.90%
Introductory Interest Rate: None
Grace Period: 25 days
Foreign Transaction Fees:  Not listed
Annual Fees: $39
Application Fees: None
Rewards Program: None
Signing Promotion: None
Interest Earned on Security Deposit: No

Other Features:

None listed

Editor’s Review

This review was provided by William Charles, editor of Doctor of Credit. 

This is another terrible secured credit card that nobody should apply for ever. It has a massive $39 per year annual fee and no rewards program. There is also no mention of graduating to an unsecured card.

Annual Fees

This card has an annual fee of $39 which is exorbitant considering other cards have no annual fee.

APRs

To go along with the high annual fee, this card also has a massive APR of 24.90% making it the second highest out of all secured credit cards on the market.

Rewards Program

To keep in line with how terrible this card is, there is of course no rewards program offered.

[Read: Secured Credit Cards With A Reward Program]

Credit Reporting

This card reports to all three credit bureaus, it does not report itself as a secured card.

Adding Funds

There is no information on how to add funds to the security deposit to increase the credit limit on this card and we haven’t found anybody who actually has this card to confirm if it’s possible.

UPGRADING TO AN UNSECURED CARD

Blaze doesn’t seem to offer graduation to an unsecured card (and thus a refund of the security deposit) but again, we haven’t found anybody who actually has this card.

Approval

Again, we know of nobody with this card so we’re unsure how hard it is to be approved or denied for it.

Final Verdict

This is probably the second worst secured card currently on the market, only the Centennial® Classic Credit Card with an annual fee of $75 and an APR of 36% is any worse. There is absolutely no reason to apply for this card, if you’re thinking of doing so STOP and look at the top secured credit cards first.

Still want to apply? Use the link found below.

Apply for Blaze Secured Credit Card