topic Re: Fingerhut CLI without purchase? in Rebuilding Your Credit

Fingerhut CLI without purchase?

Anonymous — Fri, 10 Apr 2020 17:30:14 GMT

FH was my first rebuild account almost 2 years ago. I started at a $300 limit and have slowly worked my way up to $1600. I honestly hate this account, but I toss them a bone every time they offer a CLI because they were a huge part of my rebuild.

Anyways, I never get a CLI that doesn't require a purchase. They always offer a CLI in the amount of whatever I purchase. I'm cool with this account continuing to grow, but do they ever offer CLIs that stick regardless of whether I make a purchase in that amount?

It seems silly to purchase a $20 item for $200 just to get the CLI when I have other larger limit cards. But I made that mistake before of not taking them up on my offer. They report the increase to the credit bureaus and then when they take it away it reports that my limit was reduced.

Re: Fingerhut CLI without purchase?

AverageJoesCredit — Sat, 11 Apr 2020 13:57:00 GMT

Youve reached the point that your cli are temporary unless you spend the amount they want you to spend. This is when i got out of the game. By this point i started getting better cards so i just closed my fingerhut. I have no hate for them or the card. They served their purpose. What other cards do you have? This normally isnt a card that will grow exponentially.

Re: Fingerhut CLI without purchase?

kflo01 — Sat, 11 Apr 2020 14:12:15 GMT

When I had fingerhut they did the same thing. IMO they arent that bad and I would do the same. Buy a small item to get the the CLI. They seem to give CLI at a reasonable rate also. Not bad IMO.

IF you like Fingerhut a step up from them is Gettingtion. I had a great experience with them until I burned them. They offer better products and if you do some research you can find things on their website that arent marked up that much higher than eslewhere online, their customer service is good and the web site has a fingerhut like UI, very easy to use. They also offer a lot of CLI's.

When you apply to fingerhut and Gettingtion are they soft pulls or hard pulls?

Re: Fingerhut CLI without purchase?

Red1Blue — Sat, 11 Apr 2020 14:41:24 GMT

@kflo01 wrote:
When you apply to fingerhut and Gettingtion are they soft pulls or hard pulls?

When I applied for FingerHut and Gettingtion they both are hard pulls. I got pre-approval from FingerHut. I tried for Gettington but they declied the app.

Re: Fingerhut CLI without purchase?

Anonymous — Sat, 11 Apr 2020 14:50:52 GMT

So my experience with Fingerhut, I started out with a $300 CLI then in 6 months had. $2,400 CL. This was the point I started to get CC offers from NFCU - I was stupid and made poor choices and now trying to rebuild.

They gave me a chance againwith a fresh start that went to regular at $400. I would only parlay this account to get the points, to open better CC offers. Each credit is different but from these forums, Fingerhut only helps you usually till mid 600s then you will get better offers. They aren't a long term solution as you will get all those temp CLi unless you purchase between 10-50% of that CLI.

you usually stop getting the "free CLI" around 1k-1.4k from others experiences I have read on hear and from my personal.

Re: Fingerhut CLI without purchase?

Red1Blue — Sat, 11 Apr 2020 14:55:54 GMT

@Anonymous wrote:
you usually stop getting the "free CLI" around 1k-1.4k from others experiences I have read on hear and from my personal.

Could you please explain how I can get CLI from FingerHut. I got the account around 11/2019 with $400 limit. I am planning on using 2-3 times a year and keep it alive. Not sure if I want to get a CLI on it or not. It is nice to get CLI from them. What do you recommend to do to move it up from current $400 limit ?

Re: Fingerhut CLI without purchase?

Anonymous — Sat, 11 Apr 2020 15:02:49 GMT

Per their website, they check every month. But quickest way I have seen is by making a small purchase (I did a pair of $70 shoes put me at $90 after tax and shipping, as soon as it posted as a balance I paid half of it off. Then paid it off before end of month. This is how I was able to get CLI with them quickly. Then took up on offers then paid off those used amounts to keep permanent CLI.

Re: Fingerhut CLI without purchase?

Red1Blue — Sat, 11 Apr 2020 15:05:31 GMT

@Anonymous wrote:
Per their website, they check every month. But quickest way I have seen is by making a small purchase (I did a pair of $70 shoes put me at $90 after tax and shipping, as soon as it posted as a balance I paid half of it off. Then paid it off before end of month. This is how I was able to get CLI with them quickly. Then took up on offers then paid off those used amounts to keep permanent CLI.

Were you making a purchase every month ?

Re: Fingerhut CLI without purchase?

Anonymous — Sat, 11 Apr 2020 15:14:45 GMT

3-4 a year. Saved my last purchase at the holidays to secure the permanent "holiday CLI"

Re: Fingerhut CLI without purchase?

Anonymous — Sat, 11 Apr 2020 18:06:46 GMT

So the temporary increases are the only increases they offer after a certain point? I definitely have no interest in FH at this point but it's my oldest card so I'm not closing it either. I have higher limit cards with Navy Federal and BofA among others.

I guess I have no choice but to just make a purchase once a year to keep it open and just let them keep giving and removing temporary increases.