Sears Gold Credit Card

Because of the budget-friendly alternatives that they showcase, Sears garners millions of clients annually, making them one of the top retailers in the United States.
 
    
Sears now offers a variety of credit cards to customers who want to make the most out of their shopping experience. At present, there are around 60 million households in the U.S. that have at least one Sears credit card. This makes Sears the largest supplier of credit services among all retail stores in the country. Sears actually has three different credit cards for customers to choose from: the Sears Card, the Sears Gold MasterCard, and the Sears Commercial One Card. This article, however, will focus solely on the Sears Gold credit card: the Sears Gold MasterCard.

The Sears Gold credit card is packed with all the basic features of a Sears credit card with added extras. First, it can be used in a bunch of different stores associated with Sears. These include AOL, Avis, Kmart, landsend.com, Lands' End, Sears.com, Sears Auto Centers, Sears Dealer Stores, Sears Dental, Sears Essentials, Sears Flowers, Sears Grand, Sears Hardware, Sears Optical, Sears Portrait Studios, Sears Repair and Product Services, The Great Indoors, and Orchard Supply Hardware.

The Sears Gold credit card can also be used at thousands of MasterCard-enabled ATMs and banks around the world, provided that the account has a cash-advance feature. A major feature of the Sears Gold credit card is the cardholder’s option to consolidate credit card debt through balance transfer. This allows you to transfer balances from other cards (bank cards or retail cards) or loans (personal loan, student loan, auto loan) to your Sears Gold credit card. You can even do this online and just wait for a representative from Sears to call you. You just need to provide your account numbers and the names and addresses of the lenders you’re transferring balances from.

One of the added extras of the Sears Gold credit card is the optional Sears rewards program. Through your purchases at qualified locations, you can earn points that can be accumulated and redeemed when you want them. 2,500 points, for example, can earn you $20 gift cards from Kmart, Land’s end, and Sears. 8,000 points, on the other hand, will give you a Sony MP3 player or walkman. More luxurious rewards include cruise discounts, a home theater system, and a roundtrip ticket to a destination of your choice.

Basic fees and charges of the Sears Gold credit card include a purchase APR of 17.15% plus prime rate. a cash advance APR of 18.15% plus prime rate and a default APR of prime rate plus 22.15%.

Applying for a Sears Gold credit card may not be a good idea for those hoping to improve or establish their credit rating because the APRs are extremely high. It’s one of those retail cards that charge high interest rates. Before applying for a Sears Gold credit card, read consumer reviews and assess if you can sustain it first.


  

Source: Credit Cards For People With Bad Credit Rating


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