topic Re: Received Blaze Mastercard in Rebuilding Your Credit

Received Blaze Mastercard

Red1Blue — Tue, 28 Apr 2020 19:47:19 GMT

Today, I received the Blaze Mastercard with $500 Credit Limit. I called to see if they would waive the AF of $75 but they said no. They allow only 2 ACH payments / statement cycle. That very much limits the use of the card if I can not spend and pay. I guess I'll use it once or twice a month for gas and pay it off in full and see what happens in the future. From what I read they might waive the AF after 1 years and give Credit Limit Increase. I guess it will be one more card on my report showing the positive activity.

Update - 4/28/2020

Just now received the Alert from EX. New Blaze Mastercard account reported on EX. I paid AF yesterday on their website and it is cleared today. That is quick.

Re: Received Balze Mastercard

SweetCreditObsession — Mon, 27 Apr 2020 15:50:58 GMT

Congratulations on the approval! I'm unfamiliar with their policies but hope it works out well for you. Please keep us posted. Best wishes.

Re: Received Balze Mastercard

Anonymous — Mon, 27 Apr 2020 15:54:49 GMT

Congratulations on your approval!

Re: Received Balze Mastercard

AllZero — Mon, 27 Apr 2020 16:00:13 GMT

Congratulations on your approval!

Re: Received Balze Mastercard

Anonymous — Mon, 27 Apr 2020 16:30:02 GMT

"Balze Mastercard"

How is that pronounced?

Congrats on your approval.

Re: Received Balze Mastercard

Red1Blue — Mon, 27 Apr 2020 16:10:05 GMT

@Anonymous wrote:
"Balze Mastercard"

How is that pronounced?

Sorry for the Typo. It is Blaze Mastercard.

Re: Received Balze Mastercard

Anonymous — Mon, 27 Apr 2020 16:13:51 GMT

Contrats!

I also have Blaze one of the first since my BK7. I charged and pif every month before statement cut. It's a great rebuilding card and they do give CLIs ; mine was automatic after literally 6 months ($350 --> $850). I will try to waive the AF closer to the one year mark, if they don't I might cancel the card. The 2 ACH rule is a hassle if you like to make micro payments like I do, and got caught once with a 4.95$ debit fee because I exceeded their 2-ACH limit and I wanted to pif before statement cut. One thing that I noticed is that it takes forever for transactions to post and so if you're wanting to pif before statement cuts, don't charge anything for a week before it does. Good luck!

Re: Received Balze Mastercard

Red1Blue — Mon, 27 Apr 2020 16:33:37 GMT

@Anonymous wrote:
Contrats!

I also have Blaze one of the first since my BK7. I charged and pif every month before statement cut. It's a great rebuilding card and they do give CLIs ; mine was automatic after literally 6 months ($350 --> $850). I will try to waive the AF closer to the one year mark, if they don't I might cancel the card. The 2 ACH rule is a hassle if you like to make micro payments like I do, and got caught once with a 4.95$ debit fee because I exceeded their 2-ACH limit and I wanted to pif before statement cut. One thing that I noticed is that it takes forever for transactions to post and so if you're wanting to pif before statement cuts, don't charge anything for a week before it does. Good luck!

Hi, Thanks for your input. I have to see how the card and payments are going to work out. If I can not use and pay then not sure why I am paying $75/year. To be honest with Indigo though I have only $300CL, I can use it and pay it off using the BillPay or on their website. Payments to Indigo post very quickly. Let me see how things goes with Blaze. I guess it will be one of the cards to use sparingly and sock drawer it. I see you have Indigo card. Are you planning on keeping it? My card has an AF of $99 due in September. Not sure if I want to keep it or let it go in September when the AF is due.

Re: Received Balze Mastercard

Anonymous — Mon, 27 Apr 2020 16:40:27 GMT

Indigo is the first one to go if they don't waive that fee. Losing that $300 CL in August (before 1 year anniversary) is not going to dent my scores nor my AAoA; I will have rehabbed student loans (20+ years ago) on my CR to age my AAoA anyway in June.

Re: Received Blaze Mastercard

TattnallTrio — Tue, 28 Apr 2020 13:49:25 GMT

One of the ways around the 2ACH rule is to mail a money order or cashiers check. Blaze doesn't accept electronic bill pay payments. They waived the annual fee for me on the first and second anniversary. This card is "ok" but doesn't have any rewards or benefits.

Re: Received Blaze Mastercard

Red1Blue — Tue, 28 Apr 2020 14:01:54 GMT

@TattnallTrio wrote:
One of the ways around the 2ACH rule is to mail a money order or cashiers check. Blaze doesn't accept electronic bill pay payments. They waived the annual fee for me on the first and second anniversary. This card is "ok" but doesn't have any rewards or benefits.

When I called they said they would not accept the BillPay check from BOA and it is considered as ACH. Not sure mailing a regular check to them would do the trick. I am bit tired of baby sitting the card. But I guess they are okay in their own way. They give periodic credit limit increases and waive the AF after a year. Any way I am going to keep the Blaze card for now and let it ride. I'll use it couple of times a month for gas or some thing and pay it off before the statement cuts.

Re: Received Blaze Mastercard

Red1Blue — Tue, 28 Apr 2020 19:11:04 GMT

@TattnallTrio wrote:
One of the ways around the 2ACH rule is to mail a money order or cashiers check. Blaze doesn't accept electronic bill pay payments. They waived the annual fee for me on the first and second anniversary. This card is "ok" but doesn't have any rewards or benefits.

Thanks @TattnallTrio. I'll keep the card for couple of years and see where it leads to. So far every thing I heard about this card is good. They will waive AF after 1 year, Reduce Interest after 1 year, they give CLIs like a clock work. I just got the card. Let us see.

Re: Received Blaze Mastercard

Red1Blue — Tue, 28 Apr 2020 19:45:17 GMT

@Red1Blue wrote:
Today, I received the Blaze Mastercard with $500 Credit Limit. I called to see if they would waive the AF of $75 but they said no. They allow only 2 ACH payments / statement cycle. That very much limits the use of the card if I can not spend and pay. I guess I'll use it once or twice a month for gas and pay it off in full and see what happens in the future. From what I read they might waive the AF after 1 years and give Credit Limit Increase. I guess it will be one more card on my report showing the positive activity.

Just received an Alert from Experien and the new account already posted on EX.