Accepted Credit Scores
Fair Credit, Limited History, Bad Credit
Fingerhut Credit Account
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
July 27, 2021
Fingerhut Credit Account Review
Fingerhut is a good credit card 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 $21 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 17.75%.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 Fingerhut Credit Card review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
July 27, 2021
Fingerhut Credit Card's Key APRs & Fees
| ONE-TIME FEES
|
|---|
| None |
| ANNUAL FEE
|
| $0 |
| MONTHLY FEE
|
| $0 |
| REGULAR RATE
|
|---|
| 29.99% |
| GRACE PERIOD
|
| 24 days |
Fingerhut Credit Card'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 Card'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 7/27/2021
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Customer Questions and Answers
Don't see what you're looking for? Submit your question about Fingerhut Credit Account to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
I got a Fingerhut pre approved credit offer. Is it the real deal? Reply 32votes17votes
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 16votes7votes
WalletHub
@WalletHub
The usual requirements for a Fingerhut Credit Card 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 Card 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 Card credit increase. We’ll highlight them below.
Here’s how to get a Fingerhut Credit Card 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.
16
Upvotes
Are there other places like Fingerhut for bad credit? Reply 13votes5votes
Joyce Brown
@j.brown
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 Credit One Bank® NASCAR® Credit Card. This card also offers cash back on eligible purchases. The card’s annual fee is $39 - $99.
13
Upvotes
How do I apply for the Fingerhut Credit Card? Reply 10votes1votes
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 7votesvotes
Bogdan Roberts
@bogdan_roberts
The quickest way to reach Fingerhut Credit Card customer service is by phone, at (800) 208-2500.. Alternatively, you can reach them by email at [email protected] or by regular mail.
Here is how you can reach Fingerhut Credit Card customer service:
- By Phone: Simply call Fingerhut Credit Card customer service at (800) 208-2500. For Spanish, call (800) 556-3208. You can enter your information to use the automated system for account management purposes at any time. But if you would like to speak with a live agent, please note that they can be reached between 7 a.m. and 10 p.m., 7 days a week.
- By Email: Contact Fingerhut Credit Card customer service at [email protected], or fill out a contact form.
-
By Mail: Send your general inquiries by mail to the following address:
Fingerhut Customer Service
6520 Ridgewood Road
St. Cloud, MN 56303
If you would like to make a Fingerhut Credit Card payment, there are several options at your disposal.
7
Upvotes
How do I check my Fingerhut Credit Card application status? Reply 3votesvotes
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.
3
Upvotes
How do I cancel my Fingerhut Credit Card? Reply 5votesvotes
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 19votes9votes
WalletHub
@WalletHub
The Fingerhut Credit Card approval requirements are 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. Plus, you can get the Fingerhut Credit Card even with bad.
It is one of the easiest “credit cards” to get approved for, and it can help you improve your credit standing if used responsibly. “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 Card. There are a few situations where Fingerhut will have to say no, though. Being in the middle of bankruptcy is one of them.
Here are the Fingerhut Credit Card approval requirements:
- Applicants with bad can be accepted
- 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 Card 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 Card. The FreshStart program doesn’t report to the credit bureaus, but the regular account you’ll get afterward does.
So, a Fingerhut Credit Card is easy to get approved for and it’ll help you rebuild your credit. And to top it off, there’s a $0 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, there are several good options available.
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 Card Video Review
Fingerhut Credit Card Reviews
Share your insights and review the Fingerhut Credit Account.
Aug 04, 2021
I like all of the different items that are available for purchase. Making a payment was easy to make over the phone. I will definitely be purchasing more items from them.
Comment
Aug 04, 2021
My Credit score wasn't good at all, Fingerhut gave me a chance when no one else would, and I'm working on it to get it higher. Thank you Fingerhut,
I really appreciate it.
I really appreciate it.
Aug 03, 2021
The credit portion is good, but the products are high markup. The products are not too cheap. I could do better in Marchalls Debt Store.
Aug 02, 2021
Very good to work with as for as returns and payments. Will use them again when I need something. Everything is packaged very good.
Aug 02, 2021
They sell you account protection but its impossible to use it to help with the account you bought it for. Do Not waste your money on safe line!!
Aug 02, 2021
Charges too much interest on the card good for beginning credit for starters in building your credit history too much for the items triple the price
Jul 27, 2021
I never had the Fingerhut Credit and never use it. I haven’t never think of them about that I really don’t even care about that I like to removed from my file on my credit.
Jul 25, 2021
Very Good Company to purchase things needed for home pay at a great convenience price. Great way to establish your credit score making on time payments
Jul 24, 2021
I love fingerhut they have helped raise my credit score and my future . I give them 5 stars handsdown the best thing Ive ever did .
Jul 24, 2021
I love fingerhut. They are so convenient. I love the products and how easy it is to order. It took me awhile to earn credit, but its awesome.
Jul 23, 2021
Great for paying over time they always have such nice stuff. I love shopping online. The products are great. Even though it cost more
Jul 23, 2021
This is a great card to use in their store online. They have lots of great things to look through and spend hours browsing. They raise your credit limit pretty quickly so that's a plus without a doubt.
Jul 22, 2021
I had Fingerhut as my first card and used it to buy and pay off monthly. It gives everyone a chance to build credit but if you don’t use it they will close your account
Jul 18, 2021
Verified Customer
Helped me out in a crunch and doing my part of on-time payments, it has rewarded me with several credit increases as well as a good bump on my credit. Can't complain.
Jul 18, 2021
Verified Customer
This company always adding on more than what they gave you and takes long to report accurately on your account. They sometimes like to force credit on you if you refuse they report wrong numbers to the credit bureau
Jul 18, 2021
Verified Customer
I've had a very good experience with them. Helped a lot to start fixing my credit. Would definitely recommend to other people needing that.
Jul 17, 2021
Verified Customer
Their merchandise has a lackluster selection and their prices are too high. They offer a decent credit line but take it away when u do not use it❗So in essence, they provide ZERO incentive to use their card❗
Jul 16, 2021
Verified Customer
Fingerhut is awesome credit line increases the more on Time payments you make!!!!!!!! This is great for your credit it starts as a installment loan then turns in to a bank issued revolving credit line, both major trade lines.
Jul 15, 2021
Verified Customer
This Credit Card Account Allowed Me A Chance To Purchase A Needed Appliance I'll be using When I purchase My First Home.In Which I'm excited I'll Already Own It And It Will be paid off at home purchase.
Jul 14, 2021
Verified Customer
I haven’t had no problem with this line of credit, it’s a joy to know I’ll always have some extra credit available. Beauty is a process and I appreciate having the Fingerhut Credit Account for that opportunity. Thanks
Jul 11, 2021
Verified Customer
This company doesn’t understand when somebody was laid off because of Covid I’m having a hard time paying my bill but in time it will be resolved
Jul 11, 2021
Verified Customer
Great. Helps the credit. Products are a little pricy but just buy something really cheap to keep credit limit available very high. It will be reflected on the credit report yo boost credit score.
Jul 11, 2021
Verified Customer
Helps build better credit. Low monthly payments. Large variety to choose from, including Toys, appliances, clothing for entire family, tech, indoor outdoor furnishings, to name a few.
Jul 09, 2021
Verified Customer
Fingerhut is a good way to begin earning credit. They were my first credit account on my journey to reestablishing credit. My only complaint is the cost of items VS the cost of items on other sites, they are a little more expensive.
Jul 08, 2021
Verified Customer
it is a great card for anyone learning credit. i do not know anyone who has not had one of these accounts, all of my relatives have
Jul 08, 2021
Verified Customer
This is a catalog credit account , I've had it for 7 years never had any problems out of it , any questions I need answering , all I have to do is call customer service .
Jul 06, 2021
Verified Customer
My credit limit has increased from the original. $300 to $3000 in only 3yrs. Service and Quality are exceptional. Refund on returns are quick and acurate
Jul 05, 2021
Verified Customer
Always hassling me about not using my account and reducing my available amount.
Jul 04, 2021
Verified Customer
Purchases made have been good quality and reasonable pricing and good overall value for money spent. Both orders have been shipped and received before the were expected to arrive in good condition.
Jul 04, 2021
Verified Customer
The merchandise is more expensive but they give people a chance with bad credit to rebuild & improve their fico scores with on time payments. My score went up over a 100 points in 8 months. NO MONTHLY OR ANNUAL FEES. I messed up my credit. So, If I pay more for their merchandise so be it. I messed up and they are giving me a chance to fix things. Customer service is great and I've had my credit line increased 2 times in the 8 months I've had my card with them. I 100% recommend fingerhut to anyone who is trying to rebuild their credit.… show more
Jul 03, 2021
Verified Customer
I enjoy the application, I love the items that I order from them. The prices are affordable and their monthly payments are really low
Jul 03, 2021
Verified Customer
Opening a Fingerhut build your credit account is how I started rebuilding my account. Definitely a great help in rebuilding credit for those who have credit issues. Just make sure you make your payments on time and don't overspend. Before you know your credit score will begin to climb.
Jul 01, 2021
Verified Customer
horrible credit card, I do not recommend. High APR, they sent me the wrong merchandise and they never would give me a refund on my balance
Jun 30, 2021
Verified Customer
When you get credit with fingerhut they will offer you to get more credit if you decline the offer they put it on your credit report then in turn it lowers your score that's really the only thing I don't like about them
Jun 30, 2021
Verified Customer
Great way to build credit. Just be careful not to overspend and always pay in full, on time because the interest is crazy high. They also generous with CL increases. I received 2 in less than a year.
Jun 30, 2021
Verified Customer
Prices are a little high but program works so it's worth it. I started with a credit limit of $180 after using and paying off, credit limit was raised to $400 and in a short time it was raised to $800. My credit score went up too I was in the low 500's now In up to 645 and qualified for a Chase Disney Visa.
Jun 30, 2021
Verified Customer
Great products and fast service and great prices easy ordering online easy payments and they have friendly service and great customer service also
Jun 28, 2021
Verified Customer
I love this company it gives you a chance to build build your credit and give you excellent increases. I had the card less than 6 months and have had 2 increases in my limits! I love it!!
Jun 27, 2021
Verified Customer
Prices horribly high, poor accounting practices, attempts to force customers to make purchases, or face significantly lower credit
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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.
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.
Last updated on: Jul 27th, 2021 at 17:21 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 Card 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: Jul 27th, 2021 at 17:21 ET