Fingerhut credit account review August 2018 | finder.com

Fingerhut Credit Account review

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A very specific credit used to finance purchases from Fingerhut.com

The Fingerhut Credit Account is store-specific, and used to finance purchases made from Fingerhut.com or Fingerhut FreshStart’s catalogue. The account is for personal use, and you can apply with average credit.

Being an account member could get you rewards, gift certificates and rebates for future Fingerhut purchases. Many of the items available for purchase are from well-known brand names. The Fingerhut Credit Account is issued by WebBank.

Fingerhut Credit Account

Editor's Pick: Fingerhut Credit Account

A line of credit for those looking to build their credit while making low monthly payments.

  • 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
  • Special Offer: $25 off of your first order of $100 or more
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Credit One Bank® Unsecured Visa® with Free Credit Score Tracking Review

The Fingerhut Credit Account allows you to enjoy your items, while you pay for them over time. Applying online is simple, quick, and requires personal information for identification purposes. Fingerhut does not list a minimum credit score requirement, but a good credit history will better your eligibility.

The card is location specific, and can only be used for Fingerhut purchases. Prices are higher with Fingerhut than most other retailers because of the ability to finance items and pay for them over time.

Benefits of the The Fingerhut Credit Account

  • No membership fees.*
    You do not have to pay any membership fees or dues if you are a credit account member. There is no annual fee to maintain the account.
  • Average credit score.
    If you don’t have a stellar credit score, you can still qualify for the account. While the company might not accept extremely low credit scores, the Fingerhut Credit Account is helpful if you have an average or above credit score.
  • Special offer.
    If you received a customer number by mail or email, you can enter it into the credit account application to receive special offers. You can still apply for the credit account even without a customer number.
  • First order free shipping.
    If you sign up for a Fingerhut Credit Account, you will receive $25 off of your first order of $100 or more.
  • Deferral period.
    From time to time, Fingerhut may offer a promotion for deferred payments that current account holders can take advantage of.
  • Get a credit decision in seconds.
    You can fill out Fingerhut’s application quickly. And since conditional approval is automated on Fingerhut’s website, you can receive a decision almost immediately.
  • Reports to all three major credit bureaus.
    Fingerhut reports your payment history to TransUnion, Equifax and Experian. This helps you grow your credit score and build your buying power.
  • Low monthly payments.**
    Depending on your purchase volume, your monthly payment could be as low as $6.99 per month if you apply and are accepted for a Credit One Bank® Unsecured Visa® with Free Credit Score Tracking. Accounts are issued by WebBank, who determines eligibility and qualifications for the terms of credit.

Features of the Fingerhut Credit Account

  • Online application.
    You can easily apply online by inputting personal information for ID verification. The application is quick and can be completed in minutes.
  • Limited access.
    The account can only purchase items from the Fingerhut FreshStart Catalogue, or Fingerhut.com.
  • Higher prices.
    Fingerhut’s prices are more expensive than retail prices; This is because with the credit account, you can finance your items and pay for them over time instead of entirely paying upfront. The Fingerhut Catalog does boast more than 500,000 items, so you’ll most likely be able to find what you’re looking for.
  • Statements.
    Fingerhut sends account members monthly statements electronically or by mail. If you think there is a mistake on one of your statements, you must report the proposed error within 60 days, by mail and in writing.
  • Fees.
    The Fingerhut Credit Account charges late fees ($38) and returned payment fees ($38). Late fees are added as a final payment for up to one month after the final installment.
  • Payment options.
    You can make payments in a variety of ways. Payments can be made by mail, online through Fingerhut’s website, electronically from your checking or savings account through Bank Bill Pay or by automated phone system. If you have a location near you, you can pay your bill using CheckFree. CheckFree will send the payment directly to Fingerhut.

How to apply for a Fingerhut Credit Account

Eligibility criteria:

  • No stated minimum credit score requirement, but does not accept people with very low credit.
  • You must have a valid Social Security number.
  • You must be at least 18 years old.

Required documents & information:

  • Your name, contact information and date of birth.
  • Available income.
  • Your catalog customer number to receive special credit offers.

If you commonly shop with the Fingerhut FreshStart catalogue or on Fingerhut.com, the Credit One Bank® Unsecured Visa® with Free Credit Score Tracking is worth exploring. This credit account is helpful if you are tight on finances, and prefer to enjoy your purchases while you pay for them over time. Before choosing the Fingerhut Credit Account, be sure to compare it with other options similar to it.

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Must Read: Disclaimer

*If you apply and are accepted for a Credit One Bank® Unsecured Visa® with Free Credit Score Tracking issued by WebBank, who determines eligibility and qualifications for the terms of credit.

*See complete WebBank/Fingerhut Advantage Credit Account Terms and Condition. https://www.fingerhut.com/content/FHTCreditTC

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