As of 2014, the interest rate for the Blaze MasterCard was 29.9 percent. The card also featured an annual fee of $75, issued in the form of a charge against the account once it is created, and a credit limit of up to $1500.Continue Reading
A credit card interest rate is a fee paid on any outstanding credit card debt after each billing cycle. The rate is typically calculated as a percentage of the existing balance. For example, if a card had a balance of $100 and an interest rate of 25 percent, the interest charged would be $25.
The Blaze MasterCard is an unsecured credit card issued by First Savings Bank / First National Credit Card via invitation only. This means that applications for the card are only issued by the bank; the card is not available for open enrollment. It is also unsecured, which means that there is no security deposit required upon approval of an application. This type of card is typically issued to individuals with poor credit who cannot quality for other card offers.
As is the case with other unsecured credit cards, the maximum credit limit varies from the actual credit limit. Credit card review site Credit Card Catalog found that in many situations, the actual credit limit was only $300.Learn more about Credit & Lending