Accepted Credit Scores
Fair Credit, Limited History, Bad Credit
Fingerhut Credit Account
By:
WebBank
Info about the Fingerhut Credit Account has been collected by WalletHub to help consumers better compare cards.
The financial institution did not provide the details.
Editor’s Take
John Kiernan, Credit Card Editor
April 20, 2021
Fingerhut Credit Account Review
The Fingerhut Credit Card is good for building credit, even if you don’t plan on shopping from fingerhut.com’s catalogue. With a $0 annual fee and a lower credit-score requirement than most store cards, the Fingerhut Credit Account can help people with limited credit history improve their credit standing for free. Even applicants with damaged credit may get approved in some cases.
If you apply for the Fingerhut Credit Account, as the card is officially known, it’s best not to carry a balance from month to month. Such balances will accrue interest at a very high rate: 29.99%.
Keep reading to learn more about what the Fingerhut Credit Card does and does not bring to the table.
If you apply for the Fingerhut Credit Account, as the card is officially known, it’s best not to carry a balance from month to month. Such balances will accrue interest at a very high rate: 29.99%.
Keep reading to learn more about what the Fingerhut Credit Card does and does not bring to the table.
Fingerhut Credit Card Review Highlights
No major fees
The Fingerhut Credit Card, more formally known as the Fingerhut Credit Account, is quite unique among unsecured credit cards for people with bad credit in that it does not charge annual-, monthly- or one-time fees. That even makes it $18.3 per year cheaper than the average credit card overall, according to WalletHub data.Great way to rebuild credit
Given its low costs and the fact that you can get approved despite bad credit, the Fingerhut Credit Card is a great tool for inexpensively rebuilding your credit standing. It doesn’t even matter if you know what Fingerhut is, let alone have plans to shop there. Because you don’t actually need to make purchases for a credit card to add positive information to your credit reports each month. And if you do make purchases with your Fingerhut Card, just make sure to pay your bill on time. You can track your progress using WalletHub’s free daily credit score updates.Interest rates aren’t so hot
If you have bad credit, you probably shouldn’t be spending more at Fingerhut than you can afford to repay in a single billing period. Besides, doing so would be quite expensive, considering the Fingerhut Credit Account’s APR. For context, the average secured credit card charges 16.63%.Won’t provide much of an emergency loan
The Fingerhut Card won’t do you much good if you need an unsecured card to use for emergency expenses. After all, it only lets you make Fingerhut purchases. So it’s best as an alternative to a secured card for people whose top priority is credit improvement.
This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
April 20, 2021
Fingerhut Credit Account's Key APRs & Fees
| ONE-TIME FEES
|
|---|
| None |
| ANNUAL FEE
|
| $0 |
| MONTHLY FEE
|
| $0 |
| REGULAR RATE
|
|---|
| 29.99% |
| GRACE PERIOD
|
| 24 days |
Fingerhut Credit Account's Highlights
| Limited time offer: $25 off your first purchase of $100 or more when you apply online and are approved for the Fingerhut Advantage Credit Account. Check website for promo code. |
| Enjoy payments as low as $6.99 per month if you apply and are accepted for a Fingerhut Credit Account issued by WebBank, who determines eligibility and qualifications for the terms of credit. |
| Easy application! Get a credit decision in seconds. |
| Build your credit history – Fingerhut reports to all 3 major credit bureaus. |
| Use your line of credit to shop thousands of items from great brands like Samsung, KitchenAid, and DeWalt. |
| Not an access card |
Fingerhut Credit Account's Additional Info
| MAX LATE FEE
|
$40 |
|---|---|
| MAX OVERLIMIT FEE
|
None |
| MAX PENALTY APR
|
None |
| FOREIGN TRANSACTION FEE
|
N/A |
| SMART CHIP
|
No |
-
CASH ADVANCE APR
N/A
-
CASH ADVANCE FEE
N/A
- Last updated on 4/20/2021
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Customer Questions and Answers
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I got a Fingerhut pre approved credit offer. Is it the real deal? Reply 3217
WalletHub
@WalletHub
Getting a Fingerhut pre-approved credit offer means you have a roughly 90% chance of being approved for the Fingerhut Credit Account if you decide to apply. You will only receive such an offer after the account’s issuer – WebBank – has done a harmless soft check of your credit and determined that you meet the basic eligibility criteria. Even if you have no interest in shopping at Fingerhut, which sells goods online and through a catalog, you still might want to apply. Despite its somewhat unusual name, the Fingerhut Credit Account is just like any other store credit card in the sense that it reports account information to the major credit bureaus each month. That means whether you make purchases and pay your bill on time every month or never actually buy anything, the Fingerhut Credit Account will help you improve your credit score.
You don’t need to get Fingerhut pre-approval before applying, though. And even if you have bad credit, your odds of success are still pretty good. Fingerhut is one of the easiest credit cards to get that doesn’t require you to put down a refundable security deposit.
So pre-approval isn’t a prerequisite. But it’s definitely nothing to worry about, either. Pretty much all credit card companies send out pre-approval offers. And getting one from Fingerhut could be your ticket to a higher credit score. That’s why it’s important to know what it means and how to react. And to help in that regard, we’ll summarize what you need to know below.
Here’s how Fingerhut pre-approved credit offers work:
- You Have to Be Invited: You can’t just go and check whether you pre-qualify. The only way to know you’re pre-approved for Fingerhut Credit is to receive a letter from them.
- You Can Apply by Mail or Online: Either complete the paper application included in your pre-approval letter or enter your “Pre Approved Customer Number” at the top of Fingerhut’s online application.
- There’s a Consolation Prize: If you don’t end up getting approved, Fingerhut might offer you a place in their FreshStart program, where you get an installment loan for a Fingerhut purchase. If you pay it back on time, you graduate to a credit account.
So in conclusion, the Fingerhut Credit Account is already pretty easy to get, receiving a pre-approved offer means your odds are even higher than usual, and getting approved is the first step toward rebuilding your credit. The account will help even if you don’t make any purchases.
If you’d like to see your credit status before applying, you can check your latest credit score for free on WalletHub, the only site where credit reports and scores update daily.
32
Upvotes
What are the usual requirements for a Fingerhut credit increase? Reply 147
WalletHub
@WalletHub
The usual requirements for a Fingerhut Credit Account credit increase are to consistently pay your bills on time, pay more than the minimum amount, and improve your credit status. Unfortunately, you cannot request a credit limit increase on your own, but Fingerhut will keep tabs on your payment status and overall credit standing and may increase your spending limit if you manage your current financial obligations responsibly. If you’re granted a Fingerhut Credit Account credit increase, you’ll be notified through mail and/or email.
Although you can’t just ask for a higher limit, there are a few steps you can take to improve your chances of receiving a Fingerhut Credit Account credit increase. We’ll highlight them below.
Here’s how to get a Fingerhut Credit Account credit increase:
- Always pay on time. This is the most important element. Consistent on-time payments are the key to getting more buying power and improving your credit score. And late payments will immediately disqualify you from an increase.
- Pay more than the minimum. If you make more than the minimum required payment on your FingerhHut Credit Account each month, you’ll not only improve your chances of a limit increase, but you’ll pay less interest as well.
- Rebuild your credit. This includes lots of activities, like paying down any debts you have, only using around 30% of any other credit lines and saving money for emergency use so you don’t fall any further behind. You can also sign up for a free WalletHub account to get access to a personalized credit analysis, which will tell you what to fix and how long it will take.
If Fingerhut decides to increase your credit limit, they will send you an email, mail you a letter or both. You should have increased buying power right away. It’s also worth mentioning that some users report being offered a temporary credit increase that becomes permanent if you make a big purchase. But there’s nothing about that on the Fingerhut website.
Finally, if you qualify for a higher limit with Fingerhut, you might also be able to get a card with better terms that you can use anywhere, rather than at a single retailer. Just keep that in mind.
14
Upvotes
Are there other places like Fingerhut for bad credit? Reply 135
Joyce Brown
@blackhole1
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 Discover it® Secured Credit Card offers cash back on all purchases. Moreover, Discover will automatically match all the cash back you’ve earned at the end of your first year. This card also comes with a $0 annual fee and requires a $200 minimum security deposit.
There’s also a co-branded unsecured card for bad credit, the Official NASCAR® Credit Card from Credit One Bank®. This card also offers cash back on all purchases. The card’s annual fee is $0 - $99.
13
Upvotes
How do I apply for the Fingerhut Credit Card? Reply 101
WalletHub
@WalletHub
You can apply for a Fingerhut credit card on the Fingerhut website or over the phone. There is no way to apply by mail. To apply for a Fingerhut credit card online, just fill out the online application with your full name, address, phone number, Social Security number, date of birth, annual income, and email address. Once you submit your application, you should receive an instant decision.
To apply for a Fingerhut credit card over the phone, call 800-233-3588. The automated system will prompt you to press a certain number if you’re interested in becoming a Fingerhut customer. This will transfer you to a representative who will help you apply for the Fingerhut credit card.
If you’ve already applied for the Fingerhut credit card and you want to talk to someone about the status of your application, call the Fingerhut customer service line at 800-208-2500.
People with bad credit can get approved for the Fingerhut Credit Account. It’s designed to help people rebuild their credit. The downside is that you can only use the credit line at the Fingerhut online store, but it’s still a cheap way to rebuild damaged credit compared to other unsecured credit cards.
10
Upvotes
How can I reach the Fingerhut Credit Card customer service? Reply 7
James D Richard
@b2bfever
The Fingerhut credit card phone number is 800-208-2500 and they can be reached
Monday - Friday, 8:00am - 8:00pm Central Time. For Spanish, call 800-556-3208.
You can also contact them by mail at:
Fingerhut Customer Service
6250 Ridgewood Road
St. Cloud, MN 56303
7
Upvotes
How do I check my Fingerhut Credit Card application status? Reply 1
Evelyn Boros
@evelyn_boros
You cannot check your Fingerhut Credit Card application status.
Once you apply for an account, Fingerhut will instantly decide whether you're approved or not. This way, you will know within minutes, but you might not like their decision.
There are a few things you could do in case your application is denied, though. My personal suggestion would be to become an authorized user on someone else's account.
1
Upvote
How do I cancel my Fingerhut Credit Card? Reply 5
Chuck Dalton
@chuckdalton
You can cancel your Fingerhut Credit Card by calling 1-800-208-2500 or by sending a written request to WebBank at:
WebBank
Fingerhut Credit Account Services
P.O. Box 0260
St Cloud, MN 56395-0260
Remember to also cut your card in half and send it back with your cancellation request.
Keep in mind, though, that cancelling a credit card could have a negative impact on your credit score. It’s best to just leave the card open and unused, especially if it has no annual fee.
5
Upvotes
What are the Fingerhut credit approval requirements? Reply 198
WalletHub
@WalletHub
Fingerhut Credit Account’s approval requirements aren’t public – at least not the specifics. You’ll need to meet all the general standards, like being at least 18 years old with a U.S. mailing address, SSN, and the ability to pay. But this much is clear: The Fingerhut Credit Account is one of the easiest “credit cards” to get approved for, and it can help you improve your credit standing if used responsibly. You even have good odds of getting it if you’ve made mistakes in the past, as Fingerhut accepts applicants who have bad credit. “Even if you have been turned down for credit, give us a try,” Fingerhut Credit’s webpage reads. “We can often say Yes! when others say no.”
So you don’t need any particular score to get the Fingerhut Credit Account. There are a few situations where Fingerhut will have to say no, though. Being in the middle of bankruptcy is one. But there are more.
Here are the Fingerhut Credit approval requirements:
- 18+ years old
- United States mailing address
- Social Security number (SSN)
- Enough income or assets to afford monthly payments
- No active bankruptcy
- Not a member of a consumer credit counseling service
- No past-due minimum payments while in the Fingerhut FreshStart program
- No foreclosure, tax liens or other derogatory marks on your credit
As long as you avoid the negatives, you should have a good chance of Fingerhut Credit approval. And the best part about the process is if you’re not qualified for the card, Fingerhut might instead enroll you in their FreshStart program.
With this program, you’ll be able to make a Fingerhut purchase between $50 and the spending limit they give you. You must make a down payment of at least $50 toward the balance, and then pay off the rest in the time limit they specify after (usually a few months). After you finish paying the balance off, as long as you weren’t late with any payments, you’ll graduate to the regular Fingerhut Credit Account. The FreshStart program doesn’t report to the credit bureaus, but the regular account you’ll get afterward does.
So a Fingerhut credit account is easy to get approved for and it’ll help you rebuild your credit. And to top it off, there’s no annual fee. But the only issue is that you can only use the card for Fingerhut purchases. If you’re looking for a card you can use anywhere, a good option might be the OpenSky® Secured Visa® Credit Card, because it doesn’t even do a credit check.
And if you’d like to get more information about your credit standing before you apply, you can check your latest credit score for free on WalletHub, the only website where credit scores and reports update daily.
19
Upvotes
Fingerhut Credit Account Video Review
Fingerhut Credit Account Reviews
Share your insights and review the Fingerhut Credit Account.
Apr 21, 2021
convenient service and love the products they offer in the merchant store, I can say its a little too over price, and you have 6 month to continue using the card and if not its deactivated
Comment
Apr 20, 2021
I have no issues, at the time. Thank you. Fingerhut credit had allowed me to gain a higher credit score. And everything I've ordered has been great .
Apr 17, 2021
Love fingerhut, they have everything from household to children & infant items. Great brands and prices with low monthly payments.
Apr 16, 2021
What I don't like about Fingerhut, is that if you don't use your available credit when they want you to they reduce your credit limit... And I don't think that is fair
Apr 15, 2021
Great way to raise your credit score fast!! Lots of great merchandise to choose from...but expensive. Easy payment terms but always pay it off.
Apr 15, 2021
Went from the low 500's to 704 in 18 months. Walking a little taller now and I'm prime for a VA home loan. Getting lots of credit card offers I otherwise wouldn't get.
Apr 15, 2021
Interest rate is high and I don't like that they give you a higher credit limit and take it back if you don't use it. That could negatively affect you credit. I asked that they DON'T send me offers!
Apr 15, 2021
Pretty convenient for fresh credit I’m grateful. Now I have credit I never had allowing me to shop better. I manage my credit much better now
Apr 14, 2021
I've used this card many times however when I don't use it for a small amount of time my spending amount is decreased. Not sure why. Haven't missed a payment, yet a decrease is placed on my card. This happens during the Covid-19 pandemic, why.
Apr 14, 2021
As long as you keep your utilization below 30% this account helps your credit. I made the mistake of making a large purchase and it brought my score down 100 points. I won't make that mistake again! I quickly paid off my balance and my score went back up.
Apr 12, 2021
If you have a large credit but don’t use it because Rita paid off they keep lowering your credit which kills my credit every time.
Apr 11, 2021
Everything is overpriced. The interest rate is also extremely high. The only redeemable thing is that people with little to no credit card bad credit can be approved.
Apr 12, 2021
I like Fingerhut because of the second chance program. And they have a lot to choose from Their housewares furniture and good tools and dog supplies and gardening tools and patio seating
Apr 10, 2021
This is a great card for building credit and getting some nice stuff. Easy to use and pay for. In a pinch it’s a good card I would recommend it to everyone
Apr 12, 2021
Good store you can find anything you need, and my account always stays correct on payments and credits.I would tell all my friends and family to buy from Fingerhut.
Apr 10, 2021
Because my credit limit was $400 been paying on it for over a year now says I owe $406 that’s not right I will dispute this to no end
Apr 09, 2021
If you do right, they will automatically increase your credit line. It helped me so much! And i just get 1 item for the house at a time to keep it low, and make extra and higher payments. My credit line increase 2x in less than 1 year.
Apr 09, 2021
Will continue to use, as needed. I've enjoyed using Fingerhut. Great products and fast delivery Thanks to WalletHub for informing and helping to stay on top of my credit, very important
Apr 07, 2021
Good for credit repair but cost of goods is crazy high. They raise your credit limit quickly if you’ve been responsible and pay on time. They offer temporary credit line increases (with qualified purchase) but I often pass due to not needing more stuff.
Apr 07, 2021
Fingerhut is awesome!!!! I highly recommend I’ll definitely give Fingerhut a 5 start rating ... they prices are crazy but if you're trying to build your credit this is the place
Apr 06, 2021
Fingerhut is an awesome way to build credit! I love it! I had to buy a new wardrobe for work, all business casual attire and I bought most of it from Fingerhut! Low monthly payments and continuous fico score updates. It’s awesome!
Apr 06, 2021
I love my credit card from Fingerhut great to have when you need to order stuff if you don't have the cash at the time so I definitely would recommend to anyone if having credit card issues
Apr 05, 2021
I like fingerhut's monthly time must because they're always low and they always have what I want along with credit increases when you need it
Apr 05, 2021
Easy approval, haven't used as of yet but plan to. I was approved for 500 so I intend to build my credit score with this card Thanks
Apr 02, 2021
When there weren't many options available to help work on my credit, Fingerhut came through. Obviously there are higher rates involved, but that is to be expected when a person's credit is bad.
Apr 02, 2021
Love Fingerhut and our whole family shops there Fingerhut has helped me improve my credit, I have loved how easy it is to shop. Great products and fast service
Apr 01, 2021
I still haven’t used it to know how good it is. When I do, should be able to write quite the survey on this in-store credit. I don’t like the fact that is store credit only.
Apr 01, 2021
It raised my credit score 60 points and got 4000 in credit from 250.00 just don't buy what you can't pay off monthly and you will get lots of increases pretty quickly. took me 3 years to get 4000.00 They were smart to drag it out.
Mar 31, 2021
Good customer service, easy account, helps with credit score. increases over time, good communication, online fico score, thank you fngerhut.
Mar 29, 2021
I would give no star if it were an option. I sent one email and four phone calls. Looks like I'm stuck paying for something I never received from a month ago. I'll never order from this company again!
Mar 29, 2021
Great to help rebuild credit!! Gave me a $400 CL increase already and helped me out with my overall utilization. Some of their items are overpriced, but some are amazing deals! You just have to do price comparisons and pick what’s right for you. Great company to work with and so happy to do business with them!
Mar 28, 2021
Either Fingerhut is a ripoff or the 3 credit bureaus are. I have a high credit limit in the thousands on Fingerhut and barely use it and when I do it’s less than $200. I always pay 3 times the monthly payments but the majority of the time I pay it off before the next billing date but yet my credit scores decreases and the reason is always saying an increase in balance on Fingerhut. I don’t have any balances on my other credit cards and Fingerhut comes up in red with that reason. My husband gets the same thing on his account. They keep raising his credit, he pays it off or pays 3 payments at once but his credit score decreases on Transunion and Equifax and the reason says increase in balance for Fingerhut. I’m talking 6 points going down just because he made a purchase. It doesn’t pay to buy anything from Fingerhut if you can’t pay if off before the next billing cycle. They send us promotions to buy now and not pay till July. What a joke.. So you don’t pay your credit will be dinged each month the balance is showing? Fingerhut claims to help you build your credit but that’s a lie, it hurts your credit if you make a purchase!… show more
Mar 29, 2021
Thank you everyone at Fingerhut you guys are the best and I really appreciate you all They are the reason why I have lots of cool stuff now
Mar 26, 2021
I love fingerhut there's a lot of things I can get online at great prices and I like the idea that they report to all three credit bureaus. 😍
Mar 26, 2021
Significantly helped my credit score increase by 79 points! Great products and easy low payments! I have received 2 credit limit increases!
Mar 26, 2021
Fingerhut is a good place to shop for household goods. They have generous credit terms and payments post to my account the same day.
Mar 24, 2021
Very good company! They have very good products! I have ordered many products from Fingerhut, I really must say that there products ship very fast.
Mar 22, 2021
Product was never received and I refuse to pay for what I never got. The company is no help at all in trying to get this matter resolved....not worth trying to argue with them any longer.
Mar 21, 2021
Great Customer service! Understood out of the ordinary circumstances may happen. Upped my available credit as I remained steady with payments. Very straightforward. You know exactly what you are dealing with. Great card if you have bad or no credit and need to build your numbers. Not so great in the sense that you’re paying more for projects but that’s what you trade off if you need the cushion of a card like this!
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We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
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Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
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Last updated on: Apr 20th, 2021 at 12:16 ET
Related Credit Cards
If you are interested in the Fingerhut Credit Account, check out the following credit cards as well:
Related Credit Card Categories
Fingerhut Credit Account is related to the following categories:
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not the issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Apr 20th, 2021 at 12:16 ET