Yes, the Fingerhut Credit Account is a credit card. The Fingerhut Credit Card is issued by WebBank, reports to the credit bureaus, and allows you to pay off purchases over time. There are quite a few important things to know about the card before you apply, though.
Yes, the Fingerhut Credit Account card is legit, real credit card. The Fingerhut Credit Card card is legit because it is issued by WebBank, an FDIC member that is accredited by the Better Business Bureau and has an "A+" BBB rating. The Fingerhut Credit Card also reports information to the major credit bureaus each month.
Issued by WebBank, FDIC member and BBB accredited with an "A+" rating.
Rated 4.7/5 stars by WalletHub editors.
3.7 / 5 average user rating on WalletHub.
Reports to all three of the major credit bureaus: Equifax, Experian, and TransUnion.
$0 fraud liability guarantee.
In addition, the Fingerhut Credit Card card is legit because if you use it responsibly, your credit score will improve over time. Just make sure to make on-time payments and keep your credit utilization low.
The Fingerhut Credit Card credit limit is usually around $300 to start, according to forum posts, and some cardholders report limits as high as $3,500. WebBank does not include any specific Fingerhut Credit Card credit limit information in the card’s terms, though.
For the most part, Fingerhut Credit Card credit limits depend on each applicant’s overall creditworthiness. Those with the highest income and best credit scores will generally be offered the highest starting credit limits.… read full answer
That said, the Fingerhut Credit Card credit limit that you start with isn’t necessarily your credit line forever. You can ask to get a credit limit increase by calling the WebBank customer service number on the back of your card, but it’s best not to do that more than once a year. WebBank will also evaluate your account periodically to determine whether you are eligible for a credit limit increase. Paying on time and keeping your credit utilization low are key for getting unsolicited credit line increases with WebBank.
The Fingerhut Credit Account is available to people with bad credit. That means people with credit scores below 640 may have a shot at getting approved for the Fingerhut Credit Account.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Fingerhut Credit Card Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.… read full answer
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Fingerhut Credit Card credit score requirement. You can check your credit score for free on WalletHub.
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