Fingerhut Review

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Fingerhut is a store credit card issued by WebBank. If you're wondering whether Fingerhut is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• Fingerhut is a closed loop card. A closed loop card is an electronic payment card you can only use to make purchases from a single company.
• High APRs. This is not a great card for people who carry a balance. It has a fixed purchase APR of 29.99%*.
• Fair or better credit required. You stand a chance of qualifying if your credit score is not below 600.

Fingerhut Pros and Cons:

The Good	The Bad
Considers applicants with fair or poor credit. Fingerhut reports to multiple credit bureaus.	Higher than average purchase APRs. Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase. Does not include many card rewards.

Is there a Fingerhut cash back or rewards program?

No, Fingerhut does not offer a rewards program.

What are the relevant APRs for Fingerhut?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Fingerhut has higher than average purchase APRs.

Fingerhut has a fixed purchase APR of 29.99%.

What are the fees for Fingerhut?

The following fees apply to Fingerhut:

Fingerhut Fees

Fees	Amount
Annual Fee
Returned Payment Fee	up to $39
Late Payment Fee	up to $39

Does Fingerhut report your account activity to credit bureaus?

Fingerhut reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

How to apply for Fingerhut

• Visit the Fingerhut website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.