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Fingerhut credit line increase

notfancy
Valued Contributor

Re: Fingerhut credit line increase 2014

I saw that they sometimes have nice sales, but the temp increases and decreases is silly. On top of their prices normally, I will be closing my account with them. I only had it about 6-7 months, but it was because I didn't know that I could do better. I am canceling my account with them. I have gotten CLIs and also a new card today so the UTL wouldn't even be close to being a factor for me.

625 EQ FICO Current Score: 660 DCU EQ FICO/ 645 Scorewatch EQ FICO , EX FICO 664, TU FICO 737 (08/2014)
Goal Score: 700   Seedling again as of 07/29/14
Message 11 of 20
chalupaman
Super Contributor

Re: Fingerhut credit line increase 2014


@notfancy wrote:

I saw that they sometimes have nice sales, but the temp increases and decreases is silly. On top of their prices normally, I will be closing my account with them. I only had it about 6-7 months, but it was because I didn't know that I could do better. I am canceling my account with them. I have gotten CLIs and also a new card today so the UTL wouldn't even be close to being a factor for me.


I think after a long while, I might consider closing mine too after it's completely served it's purpose. It was actually one of my highest credit lines until Amex came along.

Tradelines: Macy’s - $18k, Penfed Power Cash Rewards - $10k, Ethan Allen (TD Bank) - $5.7k, Kay Jewelers - $5.5k, Appliances Connection - $5.3k, Jared - $5.25k, Best Buy (Citi) - $5k, Dell Preferred Account - $3.5k, Samsung - $3.2k, Firestone CFNA - $3.2k, Capital One Platinum - $3k, Mercury MC - $2.25k, Williams Sonoma - $2.1k, Wayfair (Fortiva) - $2k, Amazon Store Card - $1.8k, Apple Card - $1.7k, NFCU cashRewards - $1.5k, CareCredit - $1.5k, B&H Photo - $1.5k, Adorama - $1.25k, Ebay MC - $1k, Sam’s Club MC - $1k, American Eagle - $1k, Ollo MC - $600, Mission Lane Visa - $500, NY & Company - $500, Walgreens - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: Mid 640s-50s on all reports, Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516 | Total TLs: $91k approx | Total Utilization: 17%, getting this back down
Message 12 of 20
mrclassicrecord
Established Member

Re: Fingerhut credit line increase 2014

I would have closed this account, but it is my oldest one & I have maybe a dozen other newer ones that were only opened within the last 2 years. FH has helped my score, but the time will come to let them go.

Starting Score:(11/11/2012)604
Current Score:
FNBO EX (9/05/2014)682, Credit Karma (10/07/2014)699,Equifax (08/12/2014)742
Goal Score:850 Gardening 8-25-2014
Message 13 of 20
elim
Senior Contributor

Re: Fingerhut credit line increase 2014

is fingerhut a co-branded card? nice luv there, congrats.

Message 14 of 20
mrclassicrecord
Established Member

Re: Fingerhut credit line increase 2014

Fingerhut use to be CIT Bank, then in jan 2013 it changed to Metabank. After the change it's been Credit limit increases and decreases. This last time they gave me a temporary increase of $700 but ONLY if I buy $700 of goods, then if i don't by 6-30-2014 they will decrease the limit again by $500.

Starting Score:(11/11/2012)604
Current Score:
FNBO EX (9/05/2014)682, Credit Karma (10/07/2014)699,Equifax (08/12/2014)742
Goal Score:850 Gardening 8-25-2014
Message 15 of 20
IamB2
Established Contributor

Re: Fingerhut credit line increase 2014


@notfancy wrote:

I saw that they sometimes have nice sales, but the temp increases and decreases is silly. On top of their prices normally, I will be closing my account with them. I only had it about 6-7 months, but it was because I didn't know that I could do better. I am canceling my account with them. I have gotten CLIs and also a new card today so the UTL wouldn't even be close to being a factor for me.


I opened my card with FingerHut in December as I was trying to rebuild - to show more positive TLs than negative. I purchased 2 things from there, and I don't even know where they are anymore. Just to show usage. CL was and remains at $350. Just yesterday, I was looking into how to close it and per the member agreement, it says I have to write to WebBank (or whatever the name of the bank is now).  So I may very well close it soon. Listen, it helped me when I needed it, but right now, it no longer is serving a purpose. Time to move on.

FICO® EQ 717 (3/5/15); TU08 732 (3/5/15); EX: 723 (3/5/15) - Last app 3/15/15; Inquiries: A TON!

CITI ThankYou Preferred - CL: $2,000




Starting Scores: 590s on 12/2013. Hover over card image to view details! *After Amex approvals - [I was supposed to be] Gardening!*
Message 16 of 20
elim
Senior Contributor

Re: Fingerhut credit line increase 2014


@mrclassicrecord wrote:

Fingerhut use to be CIT Bank, then in jan 2013 it changed to Metabank. After the change it's been Credit limit increases and decreases. This last time they gave me a temporary increase of $700 but ONLY if I buy $700 of goods, then if i don't by 6-30-2014 they will decrease the limit again by $500.


  i just went to metabank.com, they have 3 visa branded cards (well, 1 is secured), anyone know if they are any good?

Message 17 of 20
mrclassicrecord
Established Member

Re: Fingerhut credit line increase 2014

Yes it is now WebBank. It has helped me tremendously and I am grateful. I just don't like being tempted with buying soo much to get a CLI.

Starting Score:(11/11/2012)604
Current Score:
FNBO EX (9/05/2014)682, Credit Karma (10/07/2014)699,Equifax (08/12/2014)742
Goal Score:850 Gardening 8-25-2014
Message 18 of 20
LadyKeelhauler
New Member

Re: Fingerhut credit line increase 2014

Congrats on the CLI! Smiley Happy

 

I received a CLI of $400 as well recently. I'm slowly rebuilding and it's nice to see some progress.

BofA Secured ($700) Fingerhut ($1330) Capital One Secured ($250) Capital One QuickSilverOne ($1000) Amazon.com Store Card ($800) Barclayscard Rewards ($1300) Victoria's Secret Angel Card ($250) Torrid Insider ($250)
Gardening since June 10th, 2014
Message 19 of 20
mrclassicrecord
Established Member

Re: Fingerhut credit line increase 2014

Good to hear you got CLI!, Fingerhut is a good card to rebuild on. I had sockdrawed mine for years and it is now my longest trade line.

Starting Score:(11/11/2012)604
Current Score:
FNBO EX (9/05/2014)682, Credit Karma (10/07/2014)699,Equifax (08/12/2014)742
Goal Score:850 Gardening 8-25-2014
Message 20 of 20
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