What is the Sears Credit Card
Sears Credit Card is a great card that comes with extensive savings and exclusive financing offers. The sear credit card is a credit card issued by Citibank which enables the consumer to enjoy valuable incentives while shopping and also be able to save money at the same time.
If you shop regularly at the same store then the card becomes worth having. its discounts and rewards could be of great benefits to you.
But as seen on most frequent Sears shoppers, you might just want to opt in for the more general card than just the retail chain’s branded credit cards.
Two Options – The card has two options; the Sears Store Card vs the Sears MasterCard
The Citibank also offers the Sear Mastercard for anyone who wants to use the Sears card and receive rewards at the top. With the Sears card, buyers earn points using the card where Mastercard cards are accepted through the Shop your way program that runs on eligible purchases.
Both cards do not have an annual fee and have an interest rate of 26.24% APR on purchases. All cardholders receive monthly offers and special offers. With the Sears MasterCard card, you can earn up to 5 percent of your Shop. Your Way points that you can exchange for goods in Sears or Kmart stores.
The Main Features of Sears Credit Card
- You earn Shop Your Way® points in more places for 12 months after account opening.
- No annual fee
- Special savings and financial offers
- Annual interest (APR) for purchases is 26.74%. APR will vary depending on the market
- The cash advance APR is 28.65%.
- The Cash Advance Fee can be either 5 and 5% of the amount of each cash advance, depending on which amount is higher.
- Late payment up is to 38 USD
- Returned Payment fee is up to 38 USD
- You get a $20 intro bonus Statement Credit when you spend $30 on eligible purchases within the first 30 days after you are approved for the new Sears Mastercard.
- You get 5% in points on eligible purchases at gas stations on the first $10,000 of combined gas, grocery and restaurant purchases and 1% then
- Receive 3% in points on eligible purchases at grocery stores & restaurants on the first $10,000 of combined gas, grocery and restaurant purchases and 1% then
- Receive 2% in points on eligible purchases at Sears & Kmart
- You get 1% in points on all other eligible purchases
How to Apply for a Sears Credit Card
There are various ways to apply for this card:
The first step in applying for this card is to choose your application method.
You can apply for this credit card either online or in person at the Sears or Kmart store.
Step 1. Choose your application Method
Apply Online: Go to sears.com
to apply for the Sears card. If your application for the Sear MasterCard is not approved you can get approval for the store card.
The sear MasterCard and the store are relatively the same, just that Sears MasterCard can be used wherever MasterCard is accepted but the store card can only be used at Sears or Kmart stores. But their features and rewards are very similar.
Step 2. Read the terms and conditions carefully
Read the general terms and conditions found at the bottom of the online application form carefully. But when applying in the store, the terms and conditions are delivered to the user as part of the application.
For instance, The grace period is at least 25 days. To avoid interest, you must pay the new balance for each maturity payment cycle. In case of late payment, the fee is $27 or $37. if you exceed the delayed payment within six billing cycles, it will be added to your normal purchase balance
Step 3. Fill the application form correctly.
You must provide the necessary personal information to process your Sears or Kmart shopping card application. Make sure that all information is correct to increase your chances of approving your credit card.
Step 4. Wait for approval
After submitting your application, you have to wait for the approval. The Citibank will order a credit report to verify and ascertain which credit card that you are entitled to such as the Sears card.
Setting Your Credit Limit
The credit limit is determined on the basis of the amount of income you have provided and the amount of debt that is mentioned in the credit report. Approving your account depends on your creditworthiness and other factors.
Both the Sears credit card and the Sears Mastercard can be useful for people who like to shop at Sears or Kmart. Although the conditions for both cards are the same, the Sears Mastercard card allows buyers to make purchases wherever the Mastercard is accepted and reward points are redeemable for eligible purchases.
Credit Score Needed to Qualify for Sears Credit Cards
If you have bad credit, even as low as the upper 500s, you may qualify for the Sears store card.
To qualify for the Sears MasterCard, you need a high score between 600s or lower 700s.
For anyone who has had a bad credit score in the past or is just starting out in using a credit card and still has a very little credit history. The store cards are the best option cards to qualify for and start building good credit while using it.
Once you qualify, you can be approved for the card on the same day.
You can also apply in person at the Sears or Kmart store
For any inquiry, call Sears Credit Card customer Services at 1-800-815-7701.