Fingerhut Credit

[Anonymous]

I've been sitting with this $7500 credit with FH and their system sucks. One item I ordered arrived 21 days. Really?

I'm thinking ditching them, it's worthless. I rather stick with Amazon!

[Anonymous]

Whatever you decide is fine bc most view it as a starter card with the sole purpose of establishing a positive trade line in the beginning of their build. 

If it’s served it’s purpose and you no longer want/need it, close it.

If there are no fees and you just want to keep it open just because.....thats fine too. 

[AverageJoesCredit]

Thats the largest FH limit ive ever heard of! Wow. But in the end they are just a stepping Stone to better cards.

[Anonymous]

---

@AverageJoesCredit wrote:
Thats the largest FH limit ive ever heard of! Wow. But in the end they are just a stepping Stone to better cards.

---

Hey!  They gotsta sell pairs of shoes some how!

But yeah...daaamn!

[FinStar]

---

@Anonymous wrote:

I've been sitting with this $7500 credit with FH and their system sucks. One item I ordered arrived 21 days. Really?

I'm thinking ditching them, it's worthless. I rather stick with Amazon!

---

@Anonymous seems like you were fairly happy with them not long ago? 

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Fingerhut-HUGE-CLI/m-p/5659537

Plus, if you have other recently obtained CC such as JetBlue, Macy's and your recent Apple $19.5 approval then it may be worth considering whether you need to part ways.

[Anonymous]

@FinStar

The reason I am closing the account soon becuase they charge 2X even 3X. I was at FOSSIL store yesterday and was shocked they had fancy $300 watches on sale for $49 compare I just bough one from FH at $139. I called FH and cancelled it and will get refund and send item back then I"ll go back to the store and get 2 watches on sale only for $88.

FH is nice but too much, shipping takes 10 days for a item to be actual shipped. You can get 1 day prime via Amazon. Overall, FH is good for people who want build credit. I am already ahead of that so that is why I am closing all old accounts that were on rebuilding credit paths so I can keep the good cards like JetBlue, Macy's, Discover and Apple Card. 

Just sayin'

[longtimelurker]

---

@Anonymous wrote:

@FinStar

The reason I am closing the account soon becuase they charge 2X even 3X. I was at FOSSIL store yesterday and was shocked they had fancy $300 watches on sale for $49 compare I just bough one from FH at $139. I called FH and cancelled it and will get refund and send item back then I"ll go back to the store and get 2 watches on sale only for $88.

FH is nice but too much, shipping takes 10 days for a item to be actual shipped. You can get 1 day prime via Amazon. Overall, FH is good for people who want build credit. I am already ahead of that so that is why I am closing all old accounts that were on rebuilding credit paths so I can keep the good cards like JetBlue, Macy's, Discover and Apple Card. 

Just sayin'

---

I wasn't aware that anyone thought of FH as anything but a place to get starter credit and not as a serious place to do shopping.  Isn't it all overpriced

[wasCB14]

---

@longtimelurker wrote:

---

@Anonymous wrote:

@FinStar

The reason I am closing the account soon becuase they charge 2X even 3X. I was at FOSSIL store yesterday and was shocked they had fancy $300 watches on sale for $49 compare I just bough one from FH at $139. I called FH and cancelled it and will get refund and send item back then I"ll go back to the store and get 2 watches on sale only for $88.

FH is nice but too much, shipping takes 10 days for a item to be actual shipped. You can get 1 day prime via Amazon. Overall, FH is good for people who want build credit. I am already ahead of that so that is why I am closing all old accounts that were on rebuilding credit paths so I can keep the good cards like JetBlue, Macy's, Discover and Apple Card. 

Just sayin'

---

I wasn't aware that anyone thought of FH as anything but a place to get starter credit and not as a serious place to do shopping.  Isn't it all overpriced

---

I did some comparisons to Amazon once. Much higher prices, and a limited and somewhat random assortment of goods.

At one time, didn't they require people make a big down payment from their checking accounts (not with the risky store credit, but risk-free cash)? So they would cover their COGS with risk-free cash and then get a high-risk receivable for free.