Why You Should Get a Sears Mastercard
There are many reasons to get a Sears Mastercard. For starters, it offers a great way to save money on your purchases. With the card, you’ll earn points for every purchase you make, which can be used to save money on future purchases. Additionally, the Sears Mastercard features a 0% APR for 12 months on all purchases, meaning that you won’t have to pay any interest on your balance if you pay it off within that timeframe. Finally, the card also comes with some great perks, such as free shipping on orders over $49 and 5% cash back on qualifying purchases.
Pros of a Sears Mastercard
If you’re a regular Sears shopper, then the Sears Mastercard is definitely worth considering. Here are some of the key benefits:
• You’ll earn 5% back in points on all your Sears purchases, which can be redeemed for future shopping at Sears.
• There’s no annual fee and you’ll get 0% interest on all purchases for the first 12 months.
What is the Signup Process?
Signing up for a Sears Mastercard is easy! Simply visit the website and fill out an application. Once you’re approved, you’ll receive your card in the mail. To start using your card, simply activate it online or over the phone.
Once you have your Sears Mastercard, you can start taking advantage of all the benefits it has to offer. You’ll earn rewards points on every purchase, which can be redeemed for cash back, merchandise, or travel. Plus, you’ll enjoy special financing offers and discounts at Sears and Kmart stores.
Types of Cards
There are three types of Sears Mastercards: the Sears Card, the Sears Premier Card, and the Sears Elite Card. Each card offers different benefits and features, so choose the one that best suits your needs.
The Sears Card is the basic level of Sears Mastercard. It offers 0% interest on purchases for 12 months, as well as 5% back in points on eligible purchases made at Sears stores. There is no annual fee for this card.
The Sears Premier Card is the mid-level of Sears Mastercard. In addition to the benefits offered by the Sears Card, it also offers 2% back in points on eligible gas and grocery purchases, and 1% back on all other purchases. There is a $59 annual fee for this card.
The Sears Elite Card is the top-level of Sears Mastercard. In addition to the benefits offered by both the Sears Card and the Sears Premier Card, it also offers 3% back in points on eligible gas and grocery purchases, and 1% back on all other purchases. There is a $99 annual fee for this card.
Terms and Conditions to Understand
Sears Mastercards are issued by Citigroup Inc. and come with a few important terms and conditions to understand. First, there is no annual fee for the card. However, there is a foreign transaction fee of three percent (3%) for all transactions made in a currency other than U.S. dollars. Additionally, late or returned payments will result in a penalty fee of up to $35.
Balance transfer fees are also something to keep in mind – Sears Mastercard charges either $5 or three percent (3%) of the total amount of each balance transfer, whichever is greater. Cash advance fees are even steeper at $10 or five percent (5%) of the total cash advance amount, whichever is greater.
Finally, it’s important to be aware that Sears Mastercards do have a minimum monthly payment required – currently set at $25 – and that failure to make this minimum payment can result in additional fees as well as potential damage to your credit score.