Sears Credit Card
- Last Updated on Sunday, 14 April 2013 21:36
Written by Steven Merkel
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Review
There are two Sears card issued by Citibank designed for consumers. This is the basic charge card that cannot be used everywhere.
Where Can I Use It
At all Sears branded stores including; department and auto centers. You may also use it at Kmart and Lands' End stores, and online at sears.com, kmart.com, and landsend.com.[1]
APR
Currently 25.24%[2]
The interest rate is only slightly lower than what other store cards offer.
Store Reward
This card only comes with periodic financing offers and coupons. You may combine this card with the Shop Your Way rewards program, which gives you points on all qualifying purchases made at Sears and Kmart.
The financing offers vary from quarter to quarter and are for specific purchases only.
The current financing offer is for appliance purchases over $499. You can choose to take 5% off or receive no interest for 12 months.[3]
Who This Card is For
The savvy consumer that wishes to take advantage of their finance offer for a large purchase, or the regular customer that shops at their brand of stores often.
Overall Recommendation
If you are a frequent shopper of Sears or Kmart you should apply for this card, but you will be better served by the MasterCard. If you have limited credit history or poor credit you will more likely be approved for the regular Sears card. You can use it to help build your credit history until you have a high enough score to switch to the MasterCard. Also, you want to apply in-store for the credit card to get the special offer for opening an account, which may not be available with the online application.
References
1. Citicorp, (2013) "SearsCard.com Frequently Asked Questiosns" Retrieved April 12, 2013.
2. Citibank, N.A., (2013) "Terms and Conditions" Retrieved April 11, 2013.
3. Sears Brands, LLC., (2013) "See Financing Disclosures & Exclusions" Retrieved April 13, 2013.