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Anyone heard of Blaze Credit Card?

Frequent Contributor

Anyone heard of Blaze Credit Card?

I always receive Wamu pre-approvals, but received one for Blaze, which seems little more than a glorified First Premier..
.Citi FICO-836 Barclays TU FICO; 827. Discover Fic0-826; CK:EQ-821; TU-819; CS-819; Total credit-$165,500: NASA-29,700; AMEX BCP-17,000; AMEX EDP-20,000; CSP-14,400; Barclay Ring-10,000; Discover It-9,000; U.S.Bank Sig Visa13,000; United TeleTech Federal Credit Union-$9000; Citi Double Cash-9900; Citi TYP-7,700; Discover Cashback Bonus-7,200;Chase Freedom-6,500; AMEX HHilton Honors-5000; Barclay NFL Extra Points-$5000. Utility always 1-2%
Message 1 of 19
18 REPLIES
Super Contributor

Re: Anyone heard of Blaze Credit Card?

You are probably right. I never heard of them.
Message 2 of 19
Regular Contributor

Re: Anyone heard of Blaze Credit Card?

Not much info there, but I found this: http://blazecc.com

Metabank is the issuer. Same folks that do the UltraVX
"credit on demand" card.
Message 3 of 19
Senior Contributor

Re: Anyone heard of Blaze Credit Card?

"credit on demand"? That sounds almost spooky. lol
"Never ever, ever be late. Never" (FUTR)
Message 4 of 19
Regular Contributor

Re: Anyone heard of Blaze Credit Card?

It is definitely odd.

http://www.ultravx.com/howitwork.php
Message 5 of 19
Moderator Emeritus

Re: Anyone heard of Blaze Credit Card?

Blaze?  Metabank?  UltraVX?  Never heard of any of them. Smiley Very Happy
 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. Smiley Surprised )
Message 6 of 19
Senior Contributor

Re: Anyone heard of Blaze Credit Card?

Sounds like women's makeup doesn't it. Smiley Very Happy
"Never ever, ever be late. Never" (FUTR)
Message 7 of 19
Moderator Emeritus

Re: Anyone heard of Blaze Credit Card?



mjgray wrote:
It is definitely odd.

http://www.ultravx.com/howitwork.php

Yes, it is.  It almost seems intentionally complex and confusing.

 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. Smiley Surprised )
Message 8 of 19
New Contributor

Re: Anyone heard of Blaze Credit Card?

It's simple once you read all the way through it.

apparently, this is this particular "card"'s manner of having all your banking in hand. It's a secured card and checking account in one.

The "Cash Account" is your checking account, which you load with direct deposit or other manners. The "Credit Balance" is apparently the amount you can spend in a debit/credit card style.

Basically, they secure your "credit card" with a deposit from your "cash account [read checking account without the checks]" The automatically debit your checking account for the minimum pymt. This is apparently irrevocable because that account is the ONLY way you can pay them.

Your available credit is the amount of your credit balance PLUS whatever funds in your checking account.

Say you have 1000 in your checking ("cash") and 500 in you credit balance but you want to buy something that's 1495. They will transfer the extra amount from your checking, increase your credit limit to 1495 and you can buy your thing.

but now, your checking is empty and you've charged up the card to the limit. So you now have a higher limit (once you pay off that bill), but you've also used the money in your checking account.


It's a glorified debit card that reports to the CRAs.
"...what good do your words do if they can't understand you??...."
Message 9 of 19
Established Contributor

Re: Anyone heard of Blaze Credit Card?


ShinyGirl wrote:

It's a glorified debit card that reports to the CRAs.




Where is the fun in that??
Message 10 of 19