Bottom line, Fingerhut is great for helping your credit in the long run and easy to get. Buy something that not too outrageously overpriced, hit up the sales and pay it off quickly. They'll raise your limit often and you'll end up with it helping your credit ratio a whole lot. I started with 200 bucks a couple years ago, bought a few things and didn't even pay them off totally before they raised my limited to over 1000 dollars. It has since gone up and is over 3,000 dollars. It's also easy to pay for online. No problems at all. The only problem is the stuff is overpriced compared to what you can get in the store, but it's good quality products. A lot of it is directly shipped from manufactors as well.
ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL
- Balance Transfer Intro APR Not Applicable
- Balance Transfer Regular APR Not Applicable
- Annual Fee See Terms*
- Purchase Intro APR Not Applicable
- Purchase Regular APR 29.99%* Fixed
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This is a good account for building credit. They approve almost anyone and they report monthly, so as long as you don't miss any payments you will begin to build credit history. Be smart, don't max it out, and pay more than the minumum. The only thing I hate about this card is the "temporary credit line increases" that they give way too often. You have to spend the money in order to make the credit line permanent. I wouldn't care except that they report the credit line increases to the credit bureaus, so they're going to report the decrease in a month or two. It's likey they're forcing you to spend money. Don't fall for it. Make your tiny purchases, pay them off quickly, and when your credit is looking good enough that you can open up better accounts, consider the pros and cons of shutting this one down. Use it only to build credit, not for actual shopping as the prices and interest rates are insane.
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Data Created: February 02, 2015
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