Who Is This Credit Card Best For?
Diligently searches for the best products and delights in a good bargain See more cards
Looks for good quality at a fair price while buying for the household See more cards
Loves being the first to try something new See more cards
Frequently shops with a particular merchant and wants to be rewarded for their loyalty See more cards
If your credit history is brief, but your Fingerhut shopping need is pressing, you may be a good match for the Fingerhut Credit Account. You won’t need a stellar credit score to qualify for this card, so it’s an option if you want to build your credit history, too. But only if you’re a Fingerhut regular, because you can’t use this card anywhere else. If that’s you, this card can help you stock up on Fingerhut merchandise, and get you on your way to a better credit score—and to better credit cards.
Can help build credit
No annual fee or security deposit
Opportunity to increase credit line quickly
No rewards or discounts
Limited utility as a credit card
- Easy qualification: The Fingerhut Credit Card has the lowest recommended credit score of any store card in our database. That may make it easier to qualify for than other credit cards.
- Can help build credit: The Fingerhut Credit Card reports your payments to all three credit bureaus, which can help you build your credit score over time.
- No annual fee or security deposit: Most other cards aimed at credit builders require either an annual fee or a security deposit. This is one of the few cards you can qualify for with poor credit and not have to pay either.
- Opportunity to increase credit line quickly: After you make three on-time payments, the company may bump up your credit limit.
- No rewards or discounts: While many store credit cards offer the ability to earn coupons or discounts on future purchases with every dollar you spend, this credit card doesn’t offer any such program.
- Limited utility as a credit card: Another downside of this card is the fact that it’s only a store credit card—it’s not a traditional credit card co-branded with Visa or Mastercard. This means you can only use your Fingerhut Credit Card for Fingerhut purchases.
How to Get the Most Out of This Card
Since the Fingerhut Credit Card comes with a high interest rate, your best bet is to use it for small purchases you can pay off before interest begins to accrue, or shortly thereafter. After a few months of regular use—and regular, on-time payments—your credit score will begin to tick up and you can begin to search for a traditional credit card with better terms.
While this card does not provide you with an updated credit score to review, many banks and credit unions do. If yours doesn’t, consider switching to one that does, or look for a free credit score offered by a large credit card issuer (such as Discover’s Credit Scorecard or Chase’s Credit Journey). Most are free, and you don’t have to have an account to sign up.
If you have poor credit and need a card that you can use at places besides Fingerhut, you may want to consider a secured credit card. With a secured credit card, you have to pay a deposit before you can use the card, but it may be much more widely accepted than this card and may even let you earn rewards.
Fingerhut provides online account access via its website, and WebBank, the card’s issuer, has an 800 customer service number, but that’s about it.
Don’t expect white glove customer service with this card. For example, if you’ve been a victim of fraudulent charges on your account, the card’s Terms and Conditions advise you to contact customer service by regular mail. Likewise, if you ever decide to close the account, the Terms and Conditions direct you to do so by mail—and to include the physical card, if provided, cut in half.
WebBank offers basic security features for its credit cards including account monitoring, online encryption, and a secure messaging portal.
Fingerhut Credit Card Fees
The fees for this card are in line with similar cards. However, you should beware of the high APR charged on purchases if you plan to carry a balance.