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Fingerhut vs. Stoneberry - Catalog Shopping

Updated on March 20, 2015
Fingerhit & Stoneberry are the two big brands in the catalog shopping space
Fingerhit & Stoneberry are the two big brands in the catalog shopping space

Pay monthly catalogs are a convenient way to buy items now and spread the cost so that you can budget in a way that works for you. If you’ve had issues with bad credit in the past, there are a couple of well-established catalogs that can help you out, so you can get the items you need and pay later.

This article reviews two of the most popular catalogs, Fingerhut and Stoneberry, comparing their credit terms to help you find the solution that works for your family and budget.

Fingerhut

Fingerhut is a fully featured online catalogue store with a huge variety of products from top brands. Their categories include:

  • Bedroom, bathroom and kitchen items

  • Furniture and homewares

  • Sports, toys and electronics

  • Toys and baby products

  • Health and beauty

  • Clothing, shoes and Jewelry

Fingerhut has around 50,000 items including many popular brand names such as Sony, Dyson, Skechers, KitchenAid and more.

Credit and paying monthly at Fingerhut

You can apply for credit with Fingerhut; the benefits of having credit with them includes:

  • You may be able to get credit with them even if you have had issues with getting credit in the past

  • They have low monthly payments so you can budget your spending

  • There are no over-limit charges

  • There’s no application fee so it doesn’t cost you anything to get setup

  • They report to 3 major credit bureaus which will helping you build up and improve your longer-term credit rating

  • There’s no annual fee

  • They have 24/7 customer service so you can give them a call if you have a problem

Types of credit accounts at Fingerhut

There are two main types of credit account with Fingerhut, they are:

  • Fingerhut FreshStart Credit Account - You make one purchase and pay it off (on time and in full). You can build your credit and graduate to the revolving Fingerhut Credit Account

    • Good for people with no credit history or damaged credit.

    • Credit line of $125-230

    • One time purchase

    • $30 down payment required

    • Pay off with 6 or 8 low monthly payments

    • Graduate to a revolving Fingerhut Credit Account with a guaranteed higher credit line

  • Fingerhut Credit Account - A credit account that lets you shop as much as you like, up to your credit limit

    • Good for people with fair to good credit.

    • Credit line of $300-800

    • Revolving, ongoing account

    • Low monthly payments

    • Opportunities for credit line increases

    • Opportunities for deferred payment offers

    • Choose your own payment date

    • $30 down payment may be required on your first purchase only

Cost of borrowing and credit at Fingerhut

  • Fingerhut’s interest charge is the base, or index rate, plus 21.65%; when last checked, the annual percentage rate was 24.9% which corresponds to a monthly rate of 2.075%.

  • There is a late payment fee, which will be a maximum of $35

  • There is a returned payment fee which will be a maximum of $30

Stoneberry

Stoneberry is another well established catalog company. Based Chippewa Falls, Wisconsin, the business can been in existence in one form or another for over 100 years.

They boast a very personal service and being able to help you out with their products and any questions or issues that you might have with credit. They sell lots of items in many areas including:

  • Bedroom, bathroom and kitchen wares

  • Homewares and electronics

  • Shoes and clothing

  • Jewelry, health and beauty

  • Toys and games

Credit and paying monthly at Stoneberry

You can automatically apply for credit when you check out on the Stoneberry website. The benefits of their credit include the following:

  • No formal application to fill out

  • Low monthly payments so you can budget accordingly

  • Your credit limit will be reviewed and possibly increased twice a year

  • There is no initial or ‘down’ payment

  • There is no annual membership fee

  • There is no overlimit fee

  • There are no fees to pay your bill online

Cost of borrowing and credit at Stoneberry

  • Stoneberry’s interest charge varies between 17% and 24% APR

  • There is a late payment fee, which will be a maximum of $15

  • There is a returned payment fee which will be a maximum of $20

In closing

If you’re purchasing items from these companies, it’s important to budget to make sure that you can afford the payments and any interest charges.

You’ll need to be sure that you’re not going to be subject to late or return fees and that you can meet any repayment options that you agree with the catalog companies when you sign up.

Comments

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    • profile image

      Dawn 

      19 months ago

      I have bought from Fingerhut before and never been disappointed however after reading reviews do not use Stoneberry according to everybody else they've had big problems with that company

    • Paul Maplesden profile imageAUTHOR

      Paul Maplesden 

      3 years ago from Asheville, NC

      Catalogs can be tricky, but I understand that for people finding it hard to make ends meet that they can be a useful way for them to purchase and defer payment. My advice to these people would always be to pay off their balance as soon as possible to avoid the (high) interest charges - Of course, that does require substantial discipline.

    • CatherineGiordano profile image

      Catherine Giordano 

      3 years ago from Orlando Florida

      I stopped using catalogs. Usually, I am disappointed in the item when I receive it. The credit is another no-no for me. I only use my credit card to buy things I know I can pay off when the bill comes due. That said, you did a really good job with this so I am voting up and useful.

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