If you can find something that you wouldn't mind admitting what time paid for it, and to want to give them incentive not to close it for inactivity, yes, buy something cheap.
Do NOT, however, pay interest on it.
While most CCCs are happy to have you pay 15+% interest for things, from now on, you should not.
I repeat: do not spread a charge over multiple payments, and pay interest.
Your credit score is not dependent on paying interest.
Do NOT, however, pay interest on it.
While most CCCs are happy to have you pay 15+% interest for things, from now on, you should not.
I repeat: do not spread a charge over multiple payments, and pay interest.
Your credit score is not dependent on paying interest.
@HeavenOhiowrote:This isn't the worst starter product in the world. Fingerhut's business model is to allow people to get credit by paying too much for products that aren't that good, but they're not necessarily predatory.
That said, I see from a recent thread that you currently have four cards. I think that if you'd like, you can safely chalk this up to being a mistake and close it down. The only scoring factor that you've likely dinged is AOYA (age of youngest account), and that's going to be the same whether the card is opened or closed.
My gut says that you're likely underrating your ability to get decent major cards. Once you pay down your current balances, you should post your three FICO scores along with your current cards, their limits, and the dates they were opened. People here will be able to offer suggestions as to when to apply and what to apply for. Actually, you woudn't have to wait to post that info and get started on your research. But I woudn't apply for anything else until you have your ducks in a row.
Agreed.
That said, I myself opened a Fingerhut account early in my rebuild because - now, wait for this - Fingerhut actually had the LOWEST price on a specific watch ("closeout item") I was looking for at the time. I still have the account today (as it is one of my oldest) and it has never hurt me in acquiring subsequent prime cards (BOA, Chase, Citi, Amex, Discover, etc.). As others have already suggested, just PIF when making a purchase and let your "Account in Good Standing" work for you! 
Fingerhut is not the devil lol. I had a FH that started my rebuild and ill always have a fond memory of it, i dont care. If you use it wisely, it does help establish credit. There are actually a couple good deals to be had if you look around. If you have other cards and dont need it thats ok but if you dont buy small and pif and you will be fine