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Valued Contributor
Posts: 1,459
Registered: ‎09-14-2012
0

Re: SEARS Mastercard!!

If you go to solutions.partnercardservices.com it will take you to a site "Powered by HSBC" and has a disclaimer that "This card is issued by Capital One"

 

If you look at it simply as a rebuilder and use it as one you'll be OK.  If you are looking for something that you'll keep for a long time, rethink it and look at a secured card at a credit union.

Never take credit personally

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Senior Contributor
Posts: 4,039
Registered: ‎10-02-2012
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Re: SEARS Mastercard!!

EITHER WAY SEARS PLATINUM MASTERCARD IS NOT THAT GREAT THEIR REWARDS ARE RETARDED LIKE NO TOMMOROW. Its more of a keep in case you fall off your stairs and need it for the emergency room. Their are other great Cards issued by CITI. #Justsayin

Chapter 7 Bankruptcy discharged on 7/11/16. Let the rebuilding begin!

EX FICO ---, EQ FICO ---, TU FICO ---. Banking with Citi Bank and Rabobank. Gardening Since 07/18/16
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Established Member
Posts: 18
Registered: ‎06-23-2012
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Re: SEARS MasterCard!!


youngandcreditwrthy wrote:
Lol anything Citi backed is NOT for rebuilding!!!! More like getting denied for. Citi is a stickler and their cust service is typically poor.

+1
Yeah, tell me about it. I wish I had seen this thread  a week ago. Just recently app'd online for the store card, was looking for a kmart store card since I am in first steps of rebuild thought I didn't need to go to the Sears store because I was not app'ing  for visa or mc. Thought I might have a good chance for the store card. Well I got the 30 day message, so today I called to get status and the rep who answers starts this whole speel about getting my free annual credit report. yada yada yada...We reviewed your EXP reported and this..this.. this.. is on your report. I felt like I was being scalded for  being bad. No, actually it felt like she was saying " how dare you app for this card with your credit report. Well you must be stupid and I need to teach you how to understand your credit ." 

 

Or, maybe I am overly sensitive this morning but either way this experience will be remember when I am in good shape creditwise. No Thank You Citi!

TU 571 EQ 553 EXP 537 (5/2012) lender pulls
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New Contributor
Posts: 2,114
Registered: ‎03-30-2012
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Re: SEARS MasterCard!!

I wish I wasn't stupid in my younger days...I'd have a Citi card now at least...hahah.

 

But after hearing some of the horror stories, I'm not too disappointed about not having a Citi account.

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Valued Member
Posts: 45
Registered: ‎10-05-2012
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Re: SEARS MasterCard!!


GABrown wrote:
Question: Does anyone have this card or have you heard of it? I went to Sears yesterday and this lady stop me and explained this card to me. Used my will power and restrained from applying but the one thing that's was tempting was that she said they are targeting people that needed to rebuild their credit. Once I got home I was tempted again and went online and looked at the card but I didn't see the rebuild credit part and it also said apply in store only.

Just curious

I have found that the Sears Mastercard is an excellent card for 0% offers only if the balance is paid in full before the promotional ends.  For example, I have had to replace a refrigerator, washer/dryer and having the option to pay over time without paying interest has certinaly come in handy.  From what Citi has told me, those with excellent credit qualify for the Mastercard version and those with good credit qualify for the store card.  The clerk in the store ended up submitting my application for both for which I was approved eventhough there really was no need for two accounts.  Anyway, the damage is done and I guess keeping both accounts for a while is an option.  So, to answer your question, the Mastercard verson is not a rebuilder at least the one issued by Citi Bank.

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FICO's - 767 EX, 778 EQ, 790 TU [02/2015]
Valued Contributor
Posts: 2,869
Registered: ‎07-24-2013
0

Re: SEARS MasterCard!!

Maybe they get some kind of bonus for getting people to apply or approved for one and the person was just saying what he thought you wanted to hear. Citi-backed cards are definitely not a card for rebuilding though.

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Regular Contributor
Posts: 233
Registered: ‎01-11-2014
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Re: SEARS MasterCard!!

Which one? There are two. The SEARS store card and the SEARS Mastercard? Imo, neither are worth it. The interest rates on them are usually sky high and the promotions they run are few and far between (0% interest for a specified period of time on either specfic purchases or the renewal protection agreements).

EQ - 727
TU - 752
EX - 774
New Visitor
Posts: 2,389
Registered: ‎07-13-2013
0

Re: SEARS MasterCard!!

I actually work at sears. The card isnt for rebuilding credit. I will tell you now the cashiers prey on everyone. It is run by Citi Bank. However if Citi cannot approve you then Barclays may offer you a card with a AF. The cashiers also get paid for every application even if its declined. 



I realized i am still young and still have many years to achieve whatever i want.
Epic Contributor
Posts: 28,537
Registered: ‎10-23-2007
0

Re: SEARS MasterCard!!


Skye12329 wrote:

I actually work at sears. The card isnt for rebuilding credit. I will tell you now the cashiers prey on everyone. It is run by Citi Bank. However if Citi cannot approve you then Barclays may offer you a card with a AF. The cashiers also get paid for every application even if its declined. 


Barclay backs a 2nd tier Sears MC Now??

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Regular Contributor
Posts: 115
Registered: ‎08-30-2013
0

Re: SEARS MasterCard!!


One7 wrote:

Maybe they get some kind of bonus for getting people to apply or approved for one and the person was just saying what he thought you wanted to hear. Citi-backed cards are definitely not a card for rebuilding though.


This is the reason. I used to work at Sears at we get paid for each application we process, same amount for both the MC and store card, whether they're approved or not. However, you also get in trouble if you dont process enough applications per certain number of transactions (and not by dollar amount, but just by the number of transactions, so have fun trying to convince someone to open a credit card when theyre buying a pack of gum!) so everyone would make up a bunch of crap to try to get people to apply for the card. And if youre gullible enough to say yes, you'd better believe we'd casually suggest that you apply for the second one 'at the same time since it only takes a few seconds longer'.

 

Basically, unless you know for certain that what the clerk is saying is true, be wary. Or just look for a better card to apply for because the Sears MC sucks anyways =P



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