How to Increase Your Fingerhut Credit Limit the Easy Way
There are several benefits to getting a higher credit limit. Not only are you able to wield more spending power, but it can lead to a higher overall credit score, improving your financial standing and giving you more options down the road. When it comes to getting a , there are several things that you need to know.
This guide will help you understand on your own. While it is possible to handle this process on your own, it can take precious time—so if you want to learn how to increase your Fingerhut credit limit, turn to DoNotPay.
About the Fingerhut Credit Card Program
Fingerhut is an online retailer that sells everything from baby products to various household goods and clothing. Fingerhut features a pay-by-the-month model, where customers can apply for credit directly through the Fingerhut site and get the items they want the most—without paying the entire amount upfront. Here are some things to know about the Fingerhut credit card program.
- Fingerhut has two separate credit card programs—Advantage, the traditional credit card program, and Fingerhut FreshStart, which is designed for people who don't have an established credit history or are working on rebuilding their credit history.
- Fingerhut FreshStart offers a one-time purchase program that steps towards a traditional credit account. Make payments on time, and you could get fast-tracked to an Advantage credit card.
- Both options allow you to shop with low monthly payments.
- Fingerhut advertises no hidden fees on their credit card.
If you have a Fingerhut credit card and think you should have more spending power on the website, you have options. While Fingerhut customers who have established credit history with the website are often given credit limit increases automatically over time, you can always opt to request a credit limit increase on your own.
Are You Eligible for an Increase in Your Credit Limit?
Before requesting a credit limit increase on any business card, it's essential to make sure that you're financially ready. Among some of the most important factors to go over are:
|Your Payment History||If you've been able to make all of your card payments on time, every time, you're likely ready for the increased responsibility of a higher credit limit.|
|The Potential Impact of a Hard Pull on Your Credit Score||Requesting a higher credit limit for any business credit card will likely initiate a hard inquiry on your credit report. If you're just starting to build your credit, having a hard inquiry now could knock more points off of your score. Cardholders with extensive credit histories are less affected by challenging questions.|
|Your Current Financial Standing||If you've recently lost your job, lost a significant customer, or experienced other adverse changes in your personal or business finances, it may be best to wait for things to level off before applying. Having consistent income and being in good standing with all of your creditors will give you the greatest likelihood of getting a credit limit increase.|
|How Increased Spending Power Will Impact Your Business||Getting a higher credit limit on your card could significantly improve your bottom line. With extra money at your disposal, you can implement more aggressive marketing campaigns, expand your inventory, or invest in much-needed equipment, tools, and other resources. If getting a credit limit increase will make your business more profitable and better able to meet your clients’ needs, use DoNotPay to get the process started today.|
How to Request a Fingerhut Credit Limit Increase on Your Own
Here's how to increase your Fingerhut credit limit on your own:
1. Reach Out to Fingerhut Customer Service
You can contact Fingerhut customer service by phone at 1-800-208-2500 or by email through the form on the company's website. Explain how long you have been a customer with Fingerhut and let them know that you want to get a credit limit increase. At that point, the customer service representative might ask you for more information—they might also be able to instantly approve you for a credit limit increase.
2. Make a Formal Credit Limit Increase Request
You can also submit a formal credit limit increase request by mail. The Fingerhut address for the credit card team is Fingerhut, PO Box 70281, Philadelphia, PA 19176-0281. Make your case for why you deserve a credit limit increase and provide all pertinent details regarding your account and your responsible payments.
3. Wait for Results
After you request a credit limit increase, the only thing to do is wait for a response. You could get instant approval, or it could take a few weeks, depending on various factors. If you make your request by mail, expect to wait a little longer.
Use DoNotPay to Get a Fingerhut Credit Limit Increase
DoNotPay is the easy way to request higher credit limits without contacting customer service. Here's how to request higher credit limits on Fingerhut using DoNotPay in just six easy steps:
- Go to the Credit Limit Increase product on DoNotPay.
- Select which type of card you own and your credit provider.
- Tell us more about your card, such as when you first created this card, your current credit limit, what you would like your new limit to be, your card number, and whether you've missed past payments.
- Tell us more about your current income and expenses and why you would like to request a limit increase.
- Indicate whether you want to allow hard inquiries to be made into your credit history. Upload a copy of your ID and provide your e-signature
- Submit your task. DoNotPay will deliver the request letter on your behalf. You should hear back from the card provider with confirmation or a request for more information within a few weeks.
That's all there is to it. DoNotPay can help you increase your Fingerhut credit limit without the red tape and long phone calls.
What Else Can DoNotPay Help With?
DoNotPay can help you create more financial capital by requesting credit limit increases on your behalf. Here are some more ways DoNotPay can help you:
- Chase credit limit
- Bank of America credit limit
- Credit One credit limit
- Citi.com credit limit
- Wells Fargo credit limit
- Discover credit limit
- Apple Card credit limit
- American Express credit limit
- Capital One credit limit