Most products that Fingerhut sells have recognizable brand names. The retailer offers home goods such as toasters, blenders, car stereos and digital musical equipment. The advertisement gave them the idea to expand their sales territory to the entire United States using mail order advertising.
By , the company sold 40 products, manufacturing almost 12 of them. For many years, the company gave its consumers a free gift with each purchase. In , Federated Department Stores - the owners of Macys and Bloomingdales -- acquired Fingerhut for almost two billion dollars.
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Afterwards, Petters Group Worldwide and then Bain Capital Ventures acquired the Fingerhut brand, and the company has continued to grow through a series of retailer acquisitions. Fingerhut is the third largest Internet retailer in Minneapolis. As of , over 31 million people patronize Fingerhut. The company has one of the best consumer client bases in the retail business. Fingerhut ships almost half a million daily orders from its distribution centers that cover a combined area of four million square feet.
Fingerhut is known for extending credit quite easily. Many shoppers use their credit line to boost their credit score.
Before you use their credit line, make sure you can afford the monthly payments. This is important, because the company charges late fees for overdue payments.
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Additionally, a good payment history with the company will qualify you for a larger credit line. By paying more than the minimum payment, you can reduce your balance and interest charges. The company also offers extended service plans for many of its products. Fingerhut allows you to try your purchase for 30 days.
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If you are unhappy with your item for any reason, you can return it for a refund as long as it is in new condition. After 30 days, you can return the item for a store credit or a same item exchange for up to 90 days. Get Coupon. Last used an hour ago. New Code.
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Pay More Per Month To avoid higher interest rates, pay off as much as you can each month, this will save you a lot of money in the end! The longer you take to pay off your items, the more interest you will end up paying. Use Your Payment Rewards You earn Payment Rewards on Fingerhut when you make your payments on time, so be sure to use the rewards that you build up toward your next purchase because they expire after 3 months.