A line of credit for those looking to build their credit scores while buying a variety of merchandise.
- Get this card if you want to build your credit while shopping for name-brand merchandise.
- Pick something else if you want a credit card you can use widely.
- Apply if you’re trying to build your credit score. You might be approved with a low score, but approval is not guaranteed.
|Product Name||Fingerhut FreshStart® Credit Account|
|APR (Annual Percentage Rate) for Purchases||29.99% fixed|
|Interest Free Period||Up to 24 days|
|Late Payment Fee||$38|
|Returned Payment Fee||$38|
|Additional Cardholder Fee||$0|
|Minimum Age||18 years of age|
While you’re limited to buying items in the Fingerhut online store, the low payments can be really nice. It’s not like layaway, so you can get your items right away. You’re also more likely to be approved for this type of account, even if your credit is less than stellar.
With the Fingerhut FreshStart® Credit Account, you make one purchase and pay it off with six or eight monthly payments. Before using the account, you must make a $30 down payment.
- No annual fee.
Many accounts like this one charge a monthly or an annual fee, but you don’t have to worry about that here.
- Lower credit score.
If your credit has seen better days, it’s likely that you may still be approved for a Fingerhut FreshStart® Credit Account.
- Good customers are rewarded.
For individuals who pay on time and keep their account in good standing, the Fingerhut company will often increase the credit line and you could qualify for the Fingerhut Advantage Revolving credit account.
- Immediate access.
As soon as you are approved, you can begin using your account.
- 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 Fingerhut FreshStart® Credit Account. Accounts are issued by WebBank, who determines eligibility and qualifications for the terms of credit.
How to apply for the Fingerhut FreshStart® Credit Account
Always consider your options and your financial situation before you apply for a credit card.
- You’re at least 18 years old
- You must have a valid Social Security number
- The minimum required credit is not stated, but those with very low credit may not be eligible
- Your name and your current residential address
- Your phone number and email address
- Your date of birth and Social Security number
- Amount of available income
If you’re looking to get items right away while making low monthly payments, the Fingerhut FreshStart® Credit Account could be an asset for you. Their selection is better than many others that offer similar services, and the added benefit of no annual fee is nice. As with any credit card or line of credit, read the fine print and compare your options before you make a choice.
Must Read: Disclaimer
*If you apply and are accepted for a Fingerhut FreshStart® Credit Account issued by WebBank, who determines eligibility and qualifications for the terms of credit.
- Low monthly payments*
- Apply today, buy today*
*See complete WebBank/Fingerhut FreshStart® Credit Account Terms and Condition. https://www.fingerhut.com/content/FHTCreditTC
- No annual fee*
- No overlimit fee*
- No hidden fee*
- No application fee*
- No prepayment fee*