There are no other places like Fingerhut for bad credit. The Fingerhut Credit Account is an online store credit card marketed to people with bad credit. You can only use it for Fingerhut purchases, but it is one of the easiest store cards to get. By comparison, you’ll need at least fair credit to qualify for a store credit card from most retailers, including Amazon, Target and Walmart. And the Montgomery Ward Credit Account accepts people with bad credit but won’t help you build credit because it does not report to the credit bureaus.
While there aren’t any other places like Fingerhut for bad credit, there are even better options. Several credit cards are co-branded with a merchant but usable anywhere, and they’re just about as easy to get as the Fingerhut Credit Account. For example, the Capital One Quicksilver Secured Cash Rewards Credit Card offers cash back on all purchases. Moreover, this card also comes with a $0 annual fee and requires a $200 minimum security deposit.
Fingerhut is a good place to shop for people with bad credit. If you’re not approved for the Fingerhut Credit Account, you’re placed in the Fingerhut FreshStart program. This is an installment loan in which you’ll make monthly payments on a purchase of $50 or more. If you make your monthly payments according to the terms of the agreement, you’ll be eligible to transition to the Fingerhut Credit Account. The cost of building credit with the FreshStart program is not cheap, however. You’ll make a $30 down payment followed by either 6 or 8 monthly payments at a high APR.
Yes, you can buy gift cards with a credit card instead of cash or debit at some retailers but not others. For example, you can buy gift cards with a credit card at Walmart, Target and Amazon.com but not at Giant or Harris Teeter. Many stores don’t allow it because buying gift cards with counterfeit or stolen credit cards is a common practice. On that note, you may earn rewards when buying gift cards with a credit card, but if you use the money from those same gift cards to pay your credit card bill, you could lose your account due to rewards abuse.… read full answer
What You Should Know About Buying Gift Cards With a Credit Card
A store may or may not allow it. It depends on how confident they are in their fraud protection.
Retailers where you can buy gift cards with your credit card include Amazon, Target, Walmart, The Home Depot, Walgreens, CVS, Simon Malls and GiftCards.com.
Some stores where you can’t buy gift cards with a credit card include Giant, Save Mart and Harris Teeter.
Your issuer may or may not let you earn rewards for gift card purchases. For example, gift cards aren’t eligible for rewards on any American Express cards. But if you do get rewards from gift cards, you can’t turn those gift cards into cash and use the money to pay your bill.
Many credit card rewards programs allow you to redeem your points or miles for gift cards, so that’s another avenue to get them with your credit card.
As more stores update their credit card security measures, you’ll probably see more and more places that let you buy gift cards with a credit card. But it’s always good to ask in-store before checking out, so you don’t end up being surprised.
Yes, you can get cash back from a Walmart Credit Card simply by making purchases with your card. This is the case for both the Walmart Credit Card and the Walmart® Store Card. The only difference between these two is that the Walmart® Store Card can only be used at Walmart stores, Walmart.com, Sam’s Club, and its associated gas stations. The Walmart Credit Card on the other hand can be used anywhere Mastercard is accepted.… read full answer
More specifically, the Walmart Credit Card gives 5% cash back in Walmart stores using Walmart Pay for the first 12 months, 5% back on Walmart.com purchases, 2% back at Walmart stores and fuel stations, 2% back on restaurant and travel purchases, and 1% back on all other purchases.
With the Walmart® Store Card you get 5 points per $1 spent (5% back) in Walmart stores when you use Walmart Pay for the first 12 months, 5 points (5% back) on Walmart.com purchases, and 2 points (2% back) at Walmart stores, Walmart & Murphy USA Fuel Stations.
So, the best way to get Walmart Credit Card cash back is definitely to earn it by using your card for Walmart purchases.
One of the best secured credit cards with no credit check is Secured Sable ONE Credit Card because it gives 2% cash back at Amazon, Netflix, Hulu, Uber, Uber Eats, Spotify, and Whole Foods, and 1% cash back on all other purchases. Plus, this card has a $0 annual fee. There are, however, a few more secured credit cards with no credit check to choose from.… read full answer
The annual fees on secured credit cards with no credit check range from $0 to $48 per year. The Sable Credit Card requires a $10 security deposit. The rest of the cards require a minimum deposit of $200. All these cards report information to the big 3 major credit bureaus each month. So, any of them can help you immediately begin rebuilding your credit.
Still, it’s important to note that even a secured credit card with no credit check has some approval requirements. You have to be at least 18 years old, for one thing, and you need enough money for the refundable security deposit as well as your monthly bill payments.
Why You Shouldn’t Rule Out Secured Cards With a Credit Check
Before you apply for a secured credit card with no credit check, make sure you actually need it. Even secured cards that require a credit check are pretty easy to get. They’re meant for people with bad credit, and the refundable security deposit you place reduces the risk for issuers.
Individual issuers may have specific requirements that rule some people out. For example, you can’t get most secured cards with a non-discharged bankruptcy on your credit report. But there are plenty of other cards whose main requirement is that you have enough money to fund the security deposit. Plus, while they may do a credit check, most applicants should still get approved.
What You Need to Know About Credit Checks
Keep in mind that the hard inquiry that comes with a credit check shouldn’t be too big of a deal, if you end up opening an account. The score damage will be temporary. And you won’t be able to qualify for any worthwhile loans until you improve your score anyway. So, if you don’t need the best possible score right now, taking a short-term hit to achieve long-term gains is the way to go.
Finally, if you’re nervous about getting rejected, you can check for pre-approval before applying. Pre-approval doesn’t mean you’re guaranteed an account. But it is a sign that your odds of approval are extremely high. If after all that you’re not confident in your ability to get approved, you can always go for a secured credit card with no credit check.
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