Fingerhut "Temporary" CLI questions

[Cuppeerr]

Hey guys, I have a fingerhut credit line solely to decrease my overall credit usage. It's a $500 limit and it just sits and reports $0 every month. Personaly I refuse to shop there because their products are way overpriced and their interest is really high. Anyways to my question. They offered me a $100 cli to $600 until january for the holidays. Now though, I can make it a permenant increase if I purchase something from their site within this "temporary" period. It didn't say there was a minimum purchase either, just that I needed to make a purchase. So what do y'all think. Should I buy something there for say $10 or $15 just to get the $100 permenant increase? Obviously i'd pay it off in full whenever my statement closed. Just wondering what y'alls opinions are on this!!

[Anonymous]

If you are not using the card, why buy something just for and increase

[Chris679]

Never let your credit score cost you money. Finger hut makes a killing off people who do just that, don't fall for it.

[Cuppeerr]

Okay guys thanks for the input. I was just thinking that he extra $100 on my limit would lower my utilization in the long run.

[Anonymous]

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@Cuppeerr wrote:
Okay guys thanks for the input. I was just thinking that he extra $100 on my limit would lower my utilization in the long run.

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I see you have FWCCU, how do you like them?

To answer your fingerhut question; Don't bother. If they can't commit to a permanent CLI, why should you commit to a purchase?

[Anonymous]

I have fingerhut and they have been useful for me because of my previous situation...However if you have credit lines that support you not getting involved with them then dont. They are pricey thats for sure. If you think about it though people who carry balances long term waste just as much money on interest. 

[Cuppeerr]

I love them!! They gave me a cc through them and the rate is 7.9% which is crazy low compared to all my other ones at 20%. It's one of my lowest milit cards at $300, but I have a limited history so that's understandable. Just opened up my statement from them and any purchase that I make with my cc between November 1st and December 31st have an APR of 5.9%. So honestly credit unions are the way to go. They also gave me a $300 12 month loan at 11%. Overally i've loved it there.

[Anonymous]

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@Cuppeerr wrote:

I love them!! They gave me a cc through them and the rate is 7.9% which is crazy low compared to all my other ones at 20%. It's one of my lowest milit cards at $300, but I have a limited history so that's understandable. Just opened up my statement from them and any purchase that I make with my cc between November 1st and December 31st have an APR of 5.9%. So honestly credit unions are the way to go. They also gave me a $300 12 month loan at 11%. Overally i've loved it there.

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Sooooo confused...

[SunriseEarth]

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@Anonymous wrote:

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@Cuppeerr wrote:

I love them!! They gave me a cc through them and the rate is 7.9% which is crazy low compared to all my other ones at 20%. It's one of my lowest milit cards at $300, but I have a limited history so that's understandable. Just opened up my statement from them and any purchase that I make with my cc between November 1st and December 31st have an APR of 5.9%. So honestly credit unions are the way to go. They also gave me a $300 12 month loan at 11%. Overally i've loved it there.

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Sooooo confused...

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Nixon had a question about a CU and Cuppeerr was responding.   

[core]

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@Cuppeerr wrote:
Okay guys thanks for the input. I was just thinking that he extra $100 on my limit would lower my utilization in the long run.

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Taking the money you would have spent on an unwanted Fingerhut purchase and instead paying it towards your credit cards would also lower your utilization.