Get a fresh start to rebuild your credit with the Fingerhut Credit Account. Fingerhut has been around since 1948 and has helped millions of people by offering easy credit and low monthly payments. Fingerhut offers over 30,000 name-brand items from the latest electronics to furniture and bedding, apparel, kitchenware, sports, baby items — you name it, they sell it.
Credit Score Needed
People who have been turned down elsewhere for credit may qualify for a Fingerhut Account. According to Fingerhut “4 out of 5 people are approved for a WebBank/Fingerhut Credit Account.” All credit types are welcome to apply but the recommended credit score needed for a Fingerhut account is 500 or higher.
Benefits of the Fingerhut Credit Account
Applying for a Fingerhut Account is quick and easy. You can have a decision in as little as 5 seconds and start shopping immediately. Rebuild credit with on-time monthly payments. Your account is reported to the credit bureaus. On time payments will help your credit. Fingerhut may reward your good payment history with regular credit line increase reviews. You can potentially boost your credit over time.
There are no hidden fees with the Fingerhut account and this is unusual for credit cards designed for bad credit. Typically credit cards for people with bad credit can cost hundreds per year in fees which actually makes it more difficult to pay on time for some consumers. Fingerhut charges no annual fees and no application fees.
Credit Bureau Reporting
Your account is reported to multiple credit bureaus. By making your payments on time, you can build a good history. This potentially may help boost your credit over time.
Regular Credit Line Increases
By making just a few on time payments, Fingerhut may increase your credit line. Fingerhut recognizes good account management and rewards its cardholders.
Drawbacks of the Fingerhut Credit Account
There are really no major drawbacks to the Fingerhut Credit Account except that the APR is high. It is similar to other department store credit accounts in the the mid-20′s. However, you can avoid paying interest by paying your balance in full each month.
The Fingerhut account may not be perfect but is one of the few decent credit cards designed for people with poor, bad or limited credit. It can be a great credit building or credit rebuilding card without the high fees related to credit cards for poor or bad credit.
- Affordable Monthly Payments+
- No Annual Fee*
- No Over Limit Fee*
*The Fingerhut Credit Account is offered to US residents by WebBank, a Utah-chartered industrial bank, located in Salt Lake City, UT. Member FDIC, who determines eligibility and qualifications for the terms of credit.
+If you apply and are accepted for a Fingerhut Credit Account issued by WebBank, who determines eligibility and qualifications for the terms of credit.