Fingerhut Credit Account Overview
The FingerHut Credit Account is advertised by Webbank as a way for online shoppers to build credit while paying for periodic purchases. You won’t earn any rewards on your purchases, you can only use the account with FingerHut, and the interest rates are less than favorable. Overall, there are many good options, even for beginners. Card Rating*: ⭐
* Card ratings are based on the opinion of TPG’s editors and are not influenced by the card issuer.
I don’t know about you, but I’ve been shopping online a lot more over the past few years. Between new books, closet storage and organization solutions, home decor and clothing, I’ve acquired a lot of issues (and cardboard boxes).
During one of my recent online searches, I came across an online shopping catalog called Fingerhut. It’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.
However, surprisingly, this line of credit isn’t the best option — especially if you’re hoping to earn rewards on your purchases. Let’s dive into the details and discuss other card accounts that may be a better fit for anyone considering a fingerprint account.
Information for FingerHut Credit Account by WeBank is independently collected by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Advantages and Disadvantages of Fingerprint Credit Account
| pros | opposition |
|---|---|
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Fingerprint credit account welcome offer
A fingerprint credit account comes with no traditional welcome offer.
Needless to say, it’s disappointing – especially considering that there are cards that offer bonuses More than $1,000 in value.
Fingerhut Credit Account Benefits
Fingerprint cards also come with a small list of benefits.
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The main selling point of a fingerprint credit account is that it allows you to pay over time when you shop online with a retailer. But there are plenty of other ways to finance big purchases on a budget, and the fact that this option can only be used at fingerprint retailers is a major downside.
Your credit history will also be reported to all three credit bureaus, which is great if you’re trying to build (or rebuild) your credit score. But even if that’s the case, you can find many good cards out there that offer solid benefits and rewards along the way.
Earn rewards with a FingerHut credit account
Here comes perhaps the worst part of this card: it doesn’t offer any rewards or redemption opportunities.
Again, even if you have limited or poor credit history, there are many secured credit cards that can earn you rewards by keeping an eye on your credit score. Combine that with the fact that a FingerHut credit account is a closed-loop credit option — meaning it can only be used at FingerHut locations — and that’s enough to turn away most potential cardholders.
Which cards compete with the Fingerprint Credit Account?
If you’re looking to build your credit, you have better options than a fingerprint credit account.
Information for the Discover It Secured Credit Card has been independently collected by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
For additional options, check out our listings Best secured credit cards and best starter credit cards.
Is a Fingerprint Credit Account Worth It?
It can be tempting to take advantage of offers that let you pay over time when you’re shopping online, but it’s almost never a good idea to do so. While there are ways to finance big purchases with a decent budget and a good 0% APR credit card offer, Fingerhut’s credit account through WebBank doesn’t fit the bill.
Bottom line
With so many real 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 offer better prices on the products Fingerhut sells. , it just doesn’t do that. Meaning of considering a fingerprint credit account.
You’re better off looking elsewhere in the secured credit card space.