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From the Experts at Credit.com

Is Sears’ Credit Card Worth its Signup Discount?

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Sears

[DISCLOSURE: Cards from our partners are mentioned below.]

Sears, the retail store often seen at shopping malls, carries a wide variety of merchandise — everything from baby products and home appliances to automotive services and electronics. If Sears is your go-to department store, you may be considering getting a Sears credit card, especially if you plan to make a large purchase there in the near future.

Sears offers two credit cards, the Sears Card and the Sears Mastercard, both issued by Citibank. (Full Disclosure: Citibank advertises on Credit.com, but that results in no preferential editorial treatment.) Both of these cards carry similar offerings, but it’s important to understand their slight differences. We’ll point out some of the details of the Sears credit cards in this review, but it’s important to read the card statements for the full terms and conditions.

Sears Credit Card

sears-credit-cardRewards Details: When you are approved for this card, you are eligible for special financing options and monthly deals and offers. Plus, it’s possible to get even more benefits when you pair this card with the Shop Your Way loyalty program.

Other Details: You can use this card in store or online at Sears or Kmart or any of the other places in the Sears Holding Company family of stores.  

Annual Fee: None

APR: Fixed 26.49%

Sears Mastercard Credit Card

Sears mastercard

Rewards Details: With this card, you get all the same benefits you do with the Sears Credit Card. Cardholders earn 5% in points at eligible gas stations and 3% in points on purchases at grocery stores and restaurants (up to $10,000 spent in purchases) as well as 2% on purchases at Sears and Kmart, plus 1% on all other purchases. 

Other Details: You can use the Sears Mastercard anywhere Mastercard is accepted.

Annual Fee: None

APR: Fixed 26.49%

The Price of New Plastic

With such a high APR, it’s a good idea not to carry a balance on either of these cards. You can pay your bill online, in a Sears or Kmart store, or by mail. The Sears Mastercard credit card will give you more flexibility, so it’s a good idea to consider what is most important to you from a credit card before signing up.

Getting a New Credit Card

Store credit cards are usually ideal for loyal customers of a particular store. They’re also a good option if you’re looking to build credit, as they tend to not require as high of a credit score, like secured credit cards. However, if you do have a good or excellent credit score, you may find that a rewards credit card is more beneficial to you than a store card.

No matter what type of plastic you are looking for, it is a good idea to find out where your credit stands before you apply so you know what you may be eligible to get. You can see two of your credit scores for free, updated every 14 days, on Credit.com.

Consider Alternatives

If you’re a loyal Sears shopper, getting one of their credit cards may be right for you. Keep in mind, though, that if you’re doing it for the reward points at Sears, simply signing up for their Show Your Way loyalty program may be the better option.

Beyond that, if you’re simply looking for plastic that can reward you for your spending, a credit card that isn’t tied to an individual store may be the better option for you. Here are a couple worth considering.

Discover it 18 Month Balance Transfer Offer

Discover it® - 18 Month Balance Transfer Offer

Apply Now
on Discover's secure website
Card Details
Intro Apr:
0% for 6 months on purchases

Ongoing Apr:
13.49% - 24.49% Variable on purchases & balance transfers

Balance Transfer:
Intro: 0% for 18 months

Annual Fee:
$0

Credit Needed:
Excellent-Good-Fair
Snapshot of Card Features
  • INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • 100% U.S. based customer service.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
  • No annual fee.

Card Details +

Why We Picked It: This credit card will not only reward you for your spending at any location but will match all the cash back you earn during your first year. There’s also a special Intro: 0% for 18 months on balance transfers, which can be extremely useful in trying to pay off or consolidate debt.: 

Rewards Details: Each quarter there are new rotating categories you can elect to earn 5% cash back on up to $1,500 in purchases (you do have to activate these categories). Beyond that, you earn 1% cash back on other purchases.

 

Chase Freedom Unlimited

Chase Freedom Unlimited®

Apply Now
on Chase's secure website
Card Details
Intro Apr:
0% for 15 months on purchases

Ongoing Apr:
16.49% - 25.24% Variable

Balance Transfer:
Intro: 0% for 15 months

Annual Fee:
$0

Credit Needed:
Excellent-Good
Snapshot of Card Features
  • Unlimited 1.5% cash back on every purchase – it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.49-25.24%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee

Card Details +

Why We Picked It: This is a simple, straightforward rewards credit card — no varying tiers of points, no requirements to elect certain tiers — just automatic cash back for any spending you do on the card.

Rewards Details: You’ll get an automatic unlimited 1.5% cash back on every purchase, no matter where you shop. And you’ll earn a bonus $150 after spending $500 in your first three months.

 

At publishing time, the Chase Freedom Unlimited and Discover it cards are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.


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Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.