Reply
New Contributor
GABrown
Posts: 55
Registered: ‎10-23-2012

SEARS MasterCard!!

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

IN MY PURSE- BankAmericard Cash Rewards Platinum Plus Visa
IN THE GARDEN UNTIL 11/2013
TU-638
EXP-565
EQX-540
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

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

Pretty sure this is not a rebuilder card, its backed by Citi.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
injustifiiable
Posts: 1,843
Registered: ‎03-30-2012

Re: SEARS MasterCard!!

I used to have one, but it was before Citi purchased Sears National Bank. I was dumb and stupid and went bad on it...thankfully it's all paid now.

 

Not sure what the new deal is now that Citi manages it.

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 $2750
Valued Contributor
jsucool76
Posts: 2,770
Registered: ‎12-11-2011

Re: SEARS MasterCard!!

[ Edited ]

LS2982 wrote:

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

Pretty sure this is not a rebuilder card, its backed by Citi.

 


+1 

 

but you can apply online 

https://www.citibank.com/us/cards/srs/

 

Edit: Just re-looked at that link, you can only apply for the sears STORE card online, my bad!

Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart Discover: 2000CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 2000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
Valued Contributor
Jazzzy
Posts: 2,678
Registered: ‎07-29-2009

Re: SEARS MasterCard!!

We started out with a Sears card years ago. At some point it morphed into a Citi Sears MasterCard. We keep it only because it's one of our oldest cards (1989). It has a 3k limit...also our lowest. I asked for a CLI once and was declined...supposedly because they said we had just asked for a CLI...which we had not. They just don't seem very bright or aggressive in the credit card market.

 

So, we charge our Netflix monthly fee on it just to show activity and just to keep it aging. Otherwise it sits.

Mega Contributor
Creditaddict
Posts: 18,807
Registered: ‎10-23-2007

Re: SEARS MasterCard!!

The Sears Mastercard this person spoke of to rebuild is if you apply in store for the Store Card I believe it is (backed by Citi and the MasterCard that you see online and in store promotions is also backed by Citi) HOWEVER if you don't qualify for the card you apply for in store, the system will counter this Sears Solutions MasterCard. (VERY much like Best Buy USE to do.) This Solutions MasterCard was with HSBC and probably Capital One now and it will have a $300 limit or $500 limit starting pretty much standard and probably some sort of tiered AF. RUN!

 

Especialy since this is Capital One now, I would be scared you apply and take pull from Citi, then when it sends over for plan B. Capital one hit all 3?!

I had it long ago and closed it SHORTLY after.

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Valued Contributor
Epcot
Posts: 2,777
Registered: ‎10-10-2012

Re: SEARS MasterCard!!

Had a store card that was converted to the MC not too long ago. Hardly use it.

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 809 EX 774 TU 805
App free since 4/11/13
Senior Contributor
youngandcreditwrthy
Posts: 6,139
Registered: ‎08-16-2012

Re: SEARS MasterCard!!

Lol anything Citi backed is NOT for rebuilding!!!! More like getting denied for. Citi is a stickler and their cust service is typically poor.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k | Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Contributor
mt2va
Posts: 530
Registered: ‎03-20-2009

Re: SEARS MasterCard!!

I had both.  The regular Sears store card is backed by Citibank.  The Sears Solutions Mastercard was backed by HSBC (which I guess is now Cap 1).  I got the Sears MC first.  My credit was really bad at the time. I think I had $300 credit limit.  Funny thing is about 2 months later I got $1,700 credit line on the regular Sears card. 

 

I will also say my mom has a Sears MC that has like $5,000 or $10,000 credit limit and I'm pretty sure it's a different one than the HSBC backed one I had.  I'm guessing hers is backed by Citi. 



Gardening since: 4/16/14
Starting Scores 10/12: EQ 460 (FICO)/TU 502 (FAKO)/EX 474 (FAKO)
7/13: EQ 517 (FICO)/TU 546 (FAKO)/EX 581 (FAKO)
Current (4/14): EQ 580 (FICO)/TU 611 (FICO)/ EX 603 (FICO)



Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012

Re: SEARS MasterCard!!


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+