Sears Credit Card Review | CreditShout

Sears Credit Card Review

By Kevin / April 2, 2009

THIS PAGE MAY CONTAIN AFFILIATE LINKS. MEANING WE RECEIVE COMMISSIONS FOR PURCHASES MADE THROUGH THOSE LINKS, AT NO COST TO YOU. PLEASE READ OUR DISCLOSURE FOR MORE INFO.

sears-credit-card

Verdict: The Sears credit card has a good APR for a store card, although you will be better off getting a regular credit card. This card has a rewards program, earning points redeemable for merchandise, gift cards, or travel.

Overview:
The Sears credit card has a rewards program, although you will need to spend thousands of dollars on your credit card to even qualify for a $25 gift card. This credit card can be used at Sears family stores, including K-Mart and Avis, unless you qualify for Sears Gold, in which case your credit card is accepted anywhere Mastercard is.

[include file=/promos/cash-back.php]

How This Card Works:
Your Sears credit card can be used at the following locations: K-Mart, Sears, Sears Essentials, Sears Grand, Sears Auto Centers and Dealer Stores, The Great Indoors, Lands’ End, Orchard Supply Hardware, and landsend.com, sears.com. This credit card can also be used at AOL, Avis, Sears Flowers, Optical, Portrait Studios, Dental, and Repair and Product Services. This card cannot be used at kmart.com. If you qualify for a Sears Gold Mastercard, you will also be able to use the card at any location that accepts Mastercard. Convienently, you can make your Sears card payments in-store, online, or by mail.

Travel and Shopping Benefits:
The Sears credit card has a Sears Choice Rewards program, which allows you to earn points that can be redeemed for gift cards and merchanidise at Sears, gift cards to restaurants, and travel rewards, such as airplane tickets.

Fees:
The APR for the Sears credit card is a variable 20.40%. The default rate is 25.40% and the cash advance APR is 21.40%. The grace period is 20 days, as long as there is no previous balance and the amount is paid in full. There are no annual fees. The cash advance fee is 3% of the amount, with a $5 minimum. The balance transfer fee is the same. Late fees are as follows: $15 on balances up to $50, $29 for balances between $50 and $1,000, and $39 for balances above $1,000. Your account will trigger the default APR if you fail to make the minimum payment, go over the limit, or make a payment that is returned.

Pros:

  • Sears Choice Rewards Program
  • Good APR for a store credit card
  • Accepted at many locations

Cons:

  • Rewards in program require many thousands of points
  • APR is high for a credit card
  • Unless you qualify for Sears Gold, credit card is only good at Sears family of stores.
The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone.Additionally, the opinions of the commenters are not necessarily the opinions of this site

3comments

Leave a comment:


shares