A Guide to the Fingerhut Credit Card Account for 2018

A Guide to the Fingerhut Credit Card Account for 2018
Taylor Gordon
on June 11, 2018
Read in 2 min

Fingerhut is an online department store that offers a credit account you can use to purchase everyday essentials and special items.

The website has over 450,000 products including major brands you probably recognize like KitchenAid and Samsung.

Credit accounts through Fingerhut are issued by WebBank.

Good credit isn’t required.

You may be able to qualify for a credit account even if you have negative marks on your credit history.

Here’s what you need to know about the account:

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Credit Account Fees and Costs

Fees are a huge factor to consider when applying for a credit line that’s open to borrowers with poor or fair credit.

The best credit cards have minimal fees.

In this case, the credit account has no annual fees, application fees, or overlimit fees.

Here’s a list of the applicable fees:

  • Interest rate – 299% APR
  • Late fee – Uр tо $38.00
  • Rеturnеd Pауmеnt Fее – Uр tо $38.00

The minimum payment on your Fingerhut credit card is fixed each month according to the following schedule.

Fingerhut Credit Card Fees ReviewWays to Use the Credit Account

Fingerhut has been around since 1948 and has helped millions of people by providing access to easy credit with low monthly payments.

This credit account can be used primarily on the Fingerhut website and to make purchases from the catalog.

Occasionally, Fingerhut will send you offers available from partners like online florists and insurance companies.

The online department store has a wide array of products for members to purchase including kitchenware, electronics, jewelry, and much more.

You can start making purchases right away if approved for a credit account.

Fingerhut has 24/7 customer service.

You can make payments online or over the phone.

Cardholders may qualify for credit line increases and other special offers.

Account details and payment records are reported to credit bureaus.

Stay up-to-date with payments and the Fingerhut credit account could help you build credit history so you can later qualify for a major credit card that has rewards and other savings benefits.

The Two Fingerhut Credit Card Products

The Fingerhut application process is fairly straightforward.

You start by going online and imputing all of your relevant information.

Applicants can get offered one of two products: the Fingerhut Advantage Revolving Credit Account vs the Fingerhut FreshStart® Credit Account.

The Fingerhut Advantage Revolving Credit Account may or may not require a down payment when you place an order.

The down payment is not a fee, it’s a payment towards what you purchase.

A revolving account such as this is one where you use the credit line and pay off the balance as needed.

The Fingerhut FreshStart® Credit Account is a second program that’s geared towards borrowers who need to rebuild their credit.

This program lets you make one-time purchases.

You pay off these single purchases in installments.

If you pay off your balance responsibly, you can get bumped up to the Fingerhut Advantage Revolving Credit Account.

If you’re interested in a Fingerhut account, review details and apply here.

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Taylor Gordon Finance Journalist

Taylor K. Gordon is a personal finance writer and founder of Tay Talks Money, a frugal lifestyle blog on entrepreneurship and hacking your way to an abundant savings account.

Taylor has contributed to The Huffington Post, GoGirl Finance, Madame Noire, The Write Life, and more.

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Late Payments Hurt Your Credit Score

Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lenders and lending partners immediately and discuss how to handle late payments.