{"id":115395,"date":"2024-07-31T20:00:14","date_gmt":"2024-07-31T20:00:14","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/07\/31\/fingerhut-credit-account-issued-by-webbank-review-the-points-guy\/"},"modified":"2024-07-31T20:00:14","modified_gmt":"2024-07-31T20:00:14","slug":"fingerhut-credit-account-issued-by-webbank-review-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/07\/31\/fingerhut-credit-account-issued-by-webbank-review-the-points-guy\/","title":{"rendered":"Fingerhut Credit Account Issued by Webbank review &#8211; The Points Guy"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div><a id=\"fingerhut-credit-account-overview\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Fingerhut Credit Account Overview<\/h2>\n<p>A Fingerhut Credit Account by WebBank is advertised as a way for online shoppers to build credit while paying off shopping purchases over time. You won&#8217;t earn any rewards on your purchases, you can only use the account with Fingerhut and the interest rates are less than favorable. All in all, there are much better options out there, even for beginners. <strong>Card Rating*: \u2b50<\/strong><\/p>\n<h6><em>* <a href=\"https:\/\/thepointsguy.com\/review-methodology\/\" rel=\"noopener\" target=\"_blank\">Card rating<\/a> is based on the opinion of TPG&#8217;s editors and is not influenced by the card issuer.<\/em><\/h6>\n<hr class=\"jsx-3272990499\"\/>\n<p>I don&#8217;t know about you, but I&#8217;ve been doing a lot more online shopping in the last few years. Between new books, closet storage and organization solutions, home decor and clothes, I&#8217;ve <a href=\"https:\/\/thepointsguy.com\/news\/credit-cards-using-most-pandemic\/\" rel=\"noopener noreferrer\" target=\"_blank\">racked up quite a few points<\/a> (and cardboard boxes).<\/p>\n<p>During one of my recent online searches, I came across an online shopping catalog called Fingerhut. It&#8217;s a shopping magazine website that lets you open a line of credit to use specifically on catalog purchases so you can pay off your shopping habits over time.<\/p>\n<p>Unsurprisingly, though, this line of credit isn&#8217;t a great option \u2014 especially if you&#8217;re hoping to earn rewards on your purchases. Let&#8217;s dive into the details and discuss other card accounts that could be a better fit for anyone who may be considering a Fingerhut account.<\/p>\n<p><em>The information for the Fingerhut Credit Account by WeBank has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.<\/em><\/p>\n<p><a id=\"fingerhut-credit-account-pros-and-cons\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Fingerhut Credit Account pros and cons<\/h2>\n<div class=\"jsx-3297233758 tpg-table has-sticky-left-column \">\n<div tabindex=\"0\" class=\"jsx-3297233758\">\n<table class=\"jsx-3297233758\">\n<thead class=\"jsx-3297233758\">\n<tr class=\"jsx-3297233758\">\n<th class=\"jsx-3297233758\"><strong>Pros<\/strong><\/th>\n<th class=\"jsx-3297233758\"><strong>Cons<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"jsx-3297233758\">\n<tr class=\"jsx-3297233758\">\n<td\/>\n<td>\n<ul>\n<li>High interest rates<\/li>\n<li>No earned rewards<\/li>\n<li>Late fees attached<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<p><a id=\"fingerhut-credit-account-welcome-offer\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Fingerhut Credit Account welcome offer<\/h2>\n<p>The Fingerhut credit account comes with no traditional welcome offer.<\/p>\n<figure class=\"jsx-1853040249 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.6875%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Young-college-student-sitting-outdoors-holding-credit-card-while-using-smart-phone_MixMedia.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Young-college-student-sitting-outdoors-holding-credit-card-while-using-smart-phone_MixMedia.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Young-college-student-sitting-outdoors-holding-credit-card-while-using-smart-phone_MixMedia.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Young-college-student-sitting-outdoors-holding-credit-card-while-using-smart-phone_MixMedia.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Young-college-student-sitting-outdoors-holding-credit-card-while-using-smart-phone_MixMedia.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Young-college-student-sitting-outdoors-holding-credit-card-while-using-smart-phone_MixMedia.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Young-college-student-sitting-outdoors-holding-credit-card-while-using-smart-phone_MixMedia.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Young-college-student-sitting-outdoors-holding-credit-card-while-using-smart-phone_MixMedia.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Young-college-student-sitting-outdoors-holding-credit-card-while-using-smart-phone_MixMedia.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-1853040249 figcaption\">MIXMEDIA\/GETTY IMAGES<\/figcaption><\/figure>\n<p>Needless to say, that&#8217;s disappointing \u2014 especially considering there are cards out there offering bonuses <a href=\"https:\/\/thepointsguy.com\/credit-cards\/limited-time-card-offers\/\" rel=\"noopener noreferrer\" target=\"_blank\">worth more than $1,000 in value<\/a>.<\/p>\n<p><a id=\"fingerhut-credit-account-benefits\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Fingerhut Credit Account benefits<\/h2>\n<p>The Fingerhut card also comes with a meager list of benefits.<\/p>\n<div class=\"&#10;        EmailSignUp_container__qYzYT&#10;        undefined&#10;        EmailSignUp_isLoading__i_qm0&#10;      \"><picture class=\"EmailSignUp_graphic__zgpFm\"><source media=\"screen and (max-width: 767px)\" srcset=\"\/images\/EmailSignUp\/daily-mob.svg\"\/><img decoding=\"async\" alt=\"\" src=\"https:\/\/thepointsguy.com\/images\/EmailSignUp\/daily-dt.svg\"\/><\/picture>\n<div class=\"EmailSignUp_form__C8FWb\">\n<p>Daily Newsletter<\/p>\n<p>Reward your inbox with the TPG Daily newsletter<\/p>\n<p>Join over 700,000 readers for breaking news, in-depth guides and exclusive deals from TPG\u2019s experts<\/p>\n<\/div>\n<\/div>\n<figure class=\"jsx-1853040249 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.6875%\"\/><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Man-on-telephone-while-looking-at-computer-and-holding-credit-card-at-home-office_-Rob-Lewine.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-1853040249 figcaption\">ROB LEWINE\/GETTY IMAGES<\/figcaption><\/figure>\n<p>The main selling point of the Fingerhut credit account is that it lets you pay over time when you&#8217;re online shopping with the retailer. But there are plenty of other ways to finance larger purchases on a budget, and the fact that this option can only be used at Fingerhut retailers is a major downside.<\/p>\n<p>Your credit history will also be reported to all three credit bureaus, which is nice if you&#8217;re trying to build (or rebuild) your credit score. But even if that&#8217;s the case, you can find plenty of better cards out there that offer solid benefits and rewards along the way.<\/p>\n<p><a id=\"earning-rewards-with-the-fingerhut-credit-account\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Earning rewards with the Fingerhut Credit Account<\/h2>\n<p>Here comes maybe the worst part of this card: It doesn&#8217;t offer the chance to earn or redeem any sort of rewards.<\/p>\n<figure class=\"jsx-1853040249 tpg-figure\">\n<div style=\"padding-top:0\" class=\"jsx-36530878 full-width-auto-height-image\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.6875%\"\/><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\"\/><noscript><img alt=\"\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%\" sizes=\"100vw\" srcset=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Person-using-computer-at-home-while-holding-credit-card_FreshSplash.jpg?width=640 640w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Person-using-computer-at-home-while-holding-credit-card_FreshSplash.jpg?width=750 750w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Person-using-computer-at-home-while-holding-credit-card_FreshSplash.jpg?width=828 828w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Person-using-computer-at-home-while-holding-credit-card_FreshSplash.jpg?width=1080 1080w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Person-using-computer-at-home-while-holding-credit-card_FreshSplash.jpg?width=1200 1200w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Person-using-computer-at-home-while-holding-credit-card_FreshSplash.jpg?width=1920 1920w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Person-using-computer-at-home-while-holding-credit-card_FreshSplash.jpg?width=2048 2048w, https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Person-using-computer-at-home-while-holding-credit-card_FreshSplash.jpg?width=3840 3840w\" src=\"https:\/\/thepointsguy.global.ssl.fastly.net\/us\/originals\/2024\/04\/Person-using-computer-at-home-while-holding-credit-card_FreshSplash.jpg?width=3840\"\/><\/noscript><\/span><\/div><figcaption class=\"jsx-1853040249 figcaption\">FRESHSPLASH\/GETTY IMAGES<\/figcaption><\/figure>\n<p>Again, even if you&#8217;ve got a limited or poor credit history, there are a number of secured credit cards out there that can earn you rewards as you look to up your credit score. Pair that with the fact that a Fingerhut Credit Account is a closed-loop credit option \u2014 meaning it can only be used at Fingerhut locations \u2014 and it&#8217;s enough to make most prospective cardholders stay away.<\/p>\n<p><a id=\"which-cards-compete-with-the-fingerhut-credit-account\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Which cards compete with the Fingerhut Credit Account?<\/h2>\n<p>If you&#8217;re looking to build your credit, you have several better options than a Fingerhut credit account.<\/p>\n<p><em>The information for the Discover It Secured Credit Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.<\/em><\/p>\n<p>For additional options, check out our lists of the <a href=\"https:\/\/thepointsguy.com\/credit-cards\/secured\/\" rel=\"noopener\" target=\"_blank\">best secured credit cards<\/a> and the <a href=\"https:\/\/thepointsguy.com\/credit-cards\/best-credit-cards-building-credit\/\" rel=\"noopener\" target=\"_blank\">best starter credit cards<\/a>.<\/p>\n<p><a id=\"is-a-fingerhut-credit-account-worth-it\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">is a Fingerhut Credit Account worth it?<\/h2>\n<p>It can be tempting to take advantage of offers that let you pay over time when you&#8217;re online shopping, but doing so is almost never a good idea. While there are ways you can finance larger purchases with the right budget and a good 0% APR credit card offer, Fingerhut&#8217;s credit account through WebBank just doesn&#8217;t fit the bill.<\/p>\n<p><a id=\"bottom-line\" class=\"jsx-2362441780 anchor\"\/><\/p>\n<h2 class=\"jsx-2362441780\">Bottom line<\/h2>\n<p>With so many actual credit card options out there (many of which earn great rewards that can help you save money or redeem for amazing travel experiences), and other online shopping sites offering better prices on the products Fingerhut sells, it just doesn&#8217;t make sense to consider the Fingerhut Credit Account.<\/p>\n<p>You&#8217;re better off looking elsewhere in the secured credit card space.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/thepointsguy.com\/guide\/better-options-out-there-fingerhut-credit-account-issued-by-webbank-review\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fingerhut Credit Account Overview A Fingerhut Credit Account by WebBank is advertised as a way for online shoppers to build credit while paying off shopping purchases over time. You won&#8217;t earn any rewards on your purchases, you can only use the account with Fingerhut and the interest rates are less than favorable. All in all, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":115396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":{"0":"post-115395","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-travel"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/115395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=115395"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/115395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/115396"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=115395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=115395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=115395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}