Review: Fingerhut Catalog Credit Card

fingerhut-smallLong-time catalog retailer and now Internet retailer Fingerhut offers instant approval with its Fingerhut Credit Card, allowing you to shop the catalog online and immediately buy on credit when you find merchandise you want. See it today, get instantly approved today, buy it today.

Issued in partnership with WebBank, the Fingerhut Credit Program is actually two programs. You will be approved for the Fingerhut card or account that fits your credit history (and Fingerhut is very open to working with bad credit customers as well as good).

The Fingerhut Advantage Revolving Credit Card works just like any other credit card. You make purchases through the Fingerhut catalog or on with the card, and you have the option to pay your balance each month in part or in full. Of course, you should pay it in full, or you will be charged interest. You know how that works.

If your credit history is not good enough to qualify for that card, there is the Fingerhut FreshStart Installment Loan. This program lets you make a limited purchase to start (though it must be at least $50), and you must make a down payment and then pay that purchase off in 6 or 8 equal monthly installments (with interest). Then, according to the loan’s terms & conditions, “If you pay off your initial purchase within 6 or 8 payments or earlier with no instance of late payments, we will issue a WebBank/Fingerhut Advantage Revolving Credit Account to you.” (Note, however, that you can’t shortcut that process by simply paying for the whole purchase at the same time as the down payment.)