Your Go-To Guide on how the Sears Credit Card Works, its Benefits & Rewards

Credit Card Payments Chase: For upon |It’s not something very usual that we have on our table for discussion today. By that, we mean a firm that has a long history of even more than 100 years and that is Sears Holdings Corporation (SHLD). And Sears is one of the nation’s leading merchandise retailers and a wholly-owned subsidiary of Sears Holdings Corp. For general information, Sears is the one that has partnered with Citibank from Citigroup Inc. to offer its customers three different types of credit cards with various rewards and benefits programs. Credit Card Payments Chase.

How A Sears Credit Card Works

The primary and most basic credit card customers can use is the Sears Card and which can be used at any of the expanded brands of SHLD viz. Sears, Kmart, Sears.com, and Kmart.com. Secondly, Sears also offers the Sears MasterCard, which customers can use to purchase items anywhere MasterCard is accepted. Credit Card Payments Chase.

And the third option is the Sears Home Improvement Account, which is ideal for customers who purchase large installed home improvement items. This card can only be used to purchase items such as heating and air conditioning, vinyl siding, kitchen remodels, or cabinet refacing material. Cardholders can use this card to finance purchases with the Sears Home Services division, which also assists with the installation and maintenance of these large purchases. Customers can apply for one of these credit cards online or at a Sears or Kmart location. Applicants must provide personal information so that Citibank can check and approve the applicant based on credit background. Credit Card Payments Chase.

Sears Rewards & Benefits:

All three credit cards that Sears provides, give users access to online services, zero dollars ($0) liability on unauthorized purchases, advanced notice of any Sears sales events, and identity theft resolution services. For the Sears Card and Sears MasterCard, new applicants have two options: get $10 off when approved and a purchase is made that day, or six months of special financing on purchases made that day. Credit Card Payments Chase.

Two other cards also come with a number of credit offers; for example, cardholders can get 5% off electronics items over $599 or no interest if the balance is paid in full within 12 months. And just like this, there are more offers for mattresses, fitness items, home appliances, tools, sporting goods, furniture, etc. Credit Card Payments Chase.

Now, the one who gets the most benefits

Customers who make huge purchases at Sears get the most advantage from the Sears card. The greatest merit to having one of the cards is to get either 5% off an extensive buy or zero-interest financing. Most of the advantages originate from spending in any event that is worth $299 a year in the major categories. A man who does not make customary large buys from Sears would not really observe the advantages of a Sears card over a long period of time. Credit Card Payments Chase.

Clients hoping for a complete remodeling or modification to their home ought to consider the Sears Home Improvement Account card. Rather than paying for the rebuilds immediately or with another credit card, the Sears Home Improvement Account card gives the choice of a reimbursement plan over a more extended period. Credit Card Payments Chase.

How about the alternatives?

Most of us who are good in the field of investment or banking already know there are many other credit card alternatives on the market. These alternatives that are made available to consumers differ in a few features and provide rewards programs for better usage. The Citi Double Cash Card gives its users 1% cashback when purchases are made, and then 1% cashback when the balance is paid off. Credit Card Payments Chase.

Likewise, if you’ll look at Sears, it has several competitors in the retail space, such as Home Depot Inc., Walmart Stores Inc., Macy’s Inc., Best Buy Co. Inc., etc. Each of these retailers offers its customers credit cards. For example, a My Best Buy card allows up to 18 months of special financing for any major appliances as well as 5% back in rewards points. The Walmart credit card offers 3% savings on Walmart.com purchases, 1% savings at Walmart, and anywhere else the card is accepted. And thus these are counted as a few good alternatives that are available in the market today. Also, consumers that make large purchases at Home Depot can use the Consumer Credit Card that allows up to 24 months of financing during special promotions and a complete one-year hassle-free return policy. Credit Card Payments Chase.

What else do you need to know?

Well, you are quite a master now after letting your mind absorb so much information you’ve read above. But, it’s equally essential to have a list of statistics before you opt for investing somewhere. So FYI, both the Sears Card and Sears MasterCard have an Annual Percentage Rate (APR) of 25.49% for purchases and 27.40% for cash advances. The transaction fee for cash advances is greater than $5 or 5% of the amount of the cash advance. While Sears Home Improvement Account has an APR of 14.65 or 18.65%, depending on the creditworthiness of the applicant. Credit Card Payments Chase.

And a necessary condition required is that the applicant must be at least 18 years or older, or 21 if living in Puerto Rico. Cardholders looking to take advantage of some of the benefits offered by credit cards should carefully read the financing disclosures and exclusions. Each offer is subject to change without notice and is only valid for certain periods of time. Credit Card Payments Chase.

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