Sears Credit Card: To Know Before You Apply

The iconic department store chain Sears has been around for over 125 years. However, the company has faced financial challenges in recent years and closed many stores. This has made some wonder if it’s still worth getting a Sears credit card.

Two main Sears credit cards are the Sears Card®* and the Shop Your Way MasterCard®*. The Sears Card is a primary store credit card that can only be used at Sears stores. It offers some benefits, such as special financing, monthly deals, and exclusive discounts. The Shop Your Way MasterCard is a more versatile card that can be used at any participating store. It earns points that can be redeemed for rewards, such as gift cards and travel.

So, should you get a Sears credit card?

The answer depends on your individual needs and spending habits. If you shop at Sears often and you’re looking for a simple credit card with no annual fee, the Sears Card could be a good option. However, the Shop Your Way MasterCard is a better choice if you’re looking for a more versatile card that you can use at other stores.

Here are some things to consider before getting a Sears credit card:

• Interest rates: Both Sears credit cards have high interest rates, so paying off your balance in full each month is essential to avoid paying interest.

• Annual fees: The Shop Your Way MasterCard has a yearly fee, while the Sears Card does not.

• Rewards: The Shop Your Way MasterCard earns points that can be redeemed for prizes, while the Sears Card does not.

• Store closures: Sears has closed many stores in recent years, so it’s essential to ensure a Sears store is near you before applying for a Sears credit card.

Overall, Sears credit cards can be a good option for people who shop at Sears often and are looking for a simple credit card with no annual fee. However, if you’re looking for a more versatile card that you can use at other stores, many other store credit cards offer similar benefits.

Here are some additional tips for using Sears credit cards:

• Use your card for everyday purchases: This will help you rack up points or rewards faster.
• Pay off your balance in full each month: This will help you avoid paying interest.
• Monitor your credit score: Ensure your credit score is good enough to qualify for the best interest rates.