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Valued Contributor
sccredit
Posts: 1,116
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
BearsAndTurtlesRtheBest
Posts: 3,694
Registered: ‎10-02-2012
0

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

Established Member
750hunting
Posts: 15
Registered: ‎06-23-2012
0

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
TU 653 EQ 602 (9/2012) myFico
TU 690 EQ 614 (10/2012) myFico
TU 690 EQ 632 (11/2012) myFico
Valued Contributor
injustifiiable
Posts: 1,867
Registered: ‎03-30-2012
0

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.

Scores 6/17/2014: TU FICO: 643 | EQ FICO: 675 | EX AMEX FICO: 666

In my new wallet: American Express Premier Rewards Gold EMV: NPSL | BankAmericard Cash Rewards Visa EMV: $2500 | BarclayCard Rewards Average: $2000 | Travelocity Rewards AMEX: $1050 | Discover IT: $1500 | Amazon Rewards Visa: $1500 | Sportsman's Guide Visa: $3000 | Capital One QuicksilverOne MasterCard: $1250 | Target: $400 | J.Crew $5950
Valued Member
Terry76308
Posts: 37
Registered: ‎10-05-2012
0

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.

AMEX Green Card - NPSL [Member Since 1995] | AMEX BCE ($18,000) | AMEX Everyday Card ($14,000) 6/14 Backdated to 1995 | Discover IT ($16,500) | JCPenney Credit Card ($5500.00) | Home Depot ($10,000) | Citi ThankYou Preferred Visa Signature ($16,000) | Sam's Club MasterCard - ($12,000) - 5% off gas at any fuel pump | Wells Fargo Personal Line of Credit - ($15,000)

FICO's - 780+ across all three bureaus [09/2014]
Valued Contributor
One7
Posts: 2,139
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.

MyFico Current Scores: EX 758 EQ 787 TU 723 Diners Club WEMC 15k | Chase United Club Sig: 15k | JP Morgan Ritz Carlton Sig 5k | Freedom Sig 5.4k | CSP Sig 5k | Marriott Premier Sig 6k | Citi Exec AA WEMC 11k | TYP Sig 5k | Hilton Reserve Sig | BofA Trav Rwds Sig 10k | Cash Rwds Sig 10k | Merrill+ Sig 10k | Barclay Rwds WMC 5k | Hawaiian Air WEMC 7k | US Airways Premier WMC 6k | Amex PRG: NPSL | SPG 3k | Costco 1.2k | Cap1 GM WEMC 8k | QS Visa 3k | NASA 30k | Total Rwds Sig 8k | SG Rwds 8.8k | Walmart MC 4k | Discover It 1.4k | Dillards Amex 2k | US Bank Plat 300 | Lowe's 8.5k | Jared 7.6k | Kay 7.6k | J Deere 5k | CareCredit 6.6k | Home Depot 14k | Amazon 4.75k | PayPal SC 4k | Chevron 2.5k | Macy's 1.5k | J Crew 9.2k | +4 Cards
Regular Contributor
SomeGuyOnTheWeb
Posts: 160
Registered: ‎01-11-2014
0

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 - 703
TU - 724
EX - 760
Valued Contributor
Skye12329
Posts: 1,095
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. 

Wallet: Chase Freedom, CSP, Discover IT
The Exiled Cards: Quicksilver, Target, Elan Financial Services, Best Buy, Sears MC
8/11/14 EQ: 687
9/7/14 TU: 700. All goal cards achieved! :smileyhappy: Score is only a number, its the profile that matters. However i will try to achieve 750+
Epic Contributor
Creditaddict
Posts: 22,067
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??

Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
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Contributor
DieGo2SHAE
Posts: 90
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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