How To Get Instant Credit Card Approval And Use Today! (Bad Credit OK)

By Mark Huntley, J.D.

Real estate investor, lawyer, personal finance writer, and Co-Founder of Credit Knocks

Advertiser Disclaimer - Some links on this page may pay us advertising fees.

Summary: Use this credit building strategy to get instant credit card approval and use the credit today. 

It is tough when you don’t have enough money to buy something that you need, and no one will give you credit. 

But it doesn’t have to be that way! 

There is a way to get instant credit card approval and use it today!

Even if you have bad credit!

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Here’s how it works…

You can sign up for a Fingerhut credit account, be approved and shopping on their online website in under 2 minutes.

Is that instant enough for you? 

Fingerhut’s website store offers everything from name brand clothing, shoes, electronics, laptops, games, sports gear, beauty, cosmetics, and much much more. 

When I applied for Fingerhut, I had a 575 credit score, and they gave me a $1,000 of credit through their brand partner WebBank.
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Get Instant Credit Card Approval And Use Today

When you get instant approval for your Fingerhut Card, you will immediately gain access to their online store. 

The process of being approved requires you to provide standard information such as; your name, address, place of employment, monthly income, and your monthly rent payment.

They ask you about your income and rent because they are attempting to determine your debt-to-income ratio to see how much credit you can afford. 

You are more likely to be denied credit due to your debt-to-income ratio being to high than a low credit score. 

Your DTI ratio is calculated by taking your total monthly obligations on your credit report and dividing them by your monthly pre-tax income.

For instance, if your total monthly expenses were $800 and your income was $4,000, then your DTI ratio would be 20%. ( 800 / 4000 = 20 )

Lenders want your debt-to-income ratio for housing to be under 30% and your total expenses to be under 40%.
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Monthly Income Can Cost You

It is very important that when you fill out a credit application that you enter the information accurately in the monthly income and monthly rent sections. 

Failure to do so may result in you being given less credit than you deserve because of an incorrectly low DTI ratio. 

In the monthly income section, you will want to include all regular income you earn in a month. 

People who work for an hourly wage will want to include regularly worked overtime hours.

Even if you took a vacation this month and didn’t quite work as many OT hours, if you do regularly work them, include the income. 

Quick Note:

The average side hustle made it's hustler over $8,000 in 2018.   

If you have a seasonal side hustle that makes you regular extra money, you can divide that money by 12 (months) and include that number in your income, too. 

Child support, alimony, spousal support, trust payments, rental income are all considered income in the eyes of the lenders and can be included in your total monthly income number. 

Don’t ‘short change’ yourself by not adding up ALL of your income.

Housing Rent Cost

The second dollar figure that you will need to provide in your application is the amount of money that you pay each month for rent

Based on this number, WebBank, Member FDIC will be able to determine how much disposable income you have to pay them back if give you a Fingerhut credit card.  

Be sure to use the actual amount of money you pay in rent. 

Do not include utilities, cable, internet, water, food, or anything other than the amount you pay for rent.

If you live at home and don’t really pay rent, put $0, it will help you get more credit!

I know some people have complex arrangements where they pay one lump sum each month to cover rent and everything else. 

In these instances, you will need to estimate how much of that amount is for rent. 

If the number you submit includes things that are not rent then you will be given less credit than you deserve.

get instant credit card approval and use

Get Instant Credit Card Approval And Use Right Now!

Once you have filled out your information and click the submit button, you will receive your credit approval amount instantly.

Click on the Fingerhut store categories and start shopping!

Another option to look into could be our Best Online Store Credit Cards Guaranteed Approval In 2019

During the holidays you may need some extra money, if you follow into this category, check out our article on Christmas Loans for Bad Credit

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