topic Re: sears cc approval questions in Credit Cards

sears cc approval questions

Anonymous — Fri, 27 Nov 2009 00:53:28 GMT

I just applied for the sears card and got the following message. Your application has been received. Further processing is required at this time. We will contact you within 30 days via email regarding our decision. Thank you for requesting a Sears Card®. Is this good or bad?

Thank you

Re: sears cc approval questions

Kay_Cee — Fri, 27 Nov 2009 15:27:48 GMT

Sears, historically, is a hard card to get. It is backed by Citi Corp for both the store card and one of their Mastercards. They have a Sears Solution card backed by HSBC. Which card did you apply for and did you do it online or in the store? The decision in the store is instant. What are your scores?

Re: sears cc approval questions

Anonymous — Fri, 27 Nov 2009 15:58:12 GMT

Hard to say what are your scores and do you have any surprises on your reports. I would say if your reports are clean with low utilization then look for your card to be in the mail. I do hope you receive your card I have a Sears Commercial One business card it's a PIF card and I love it. I love my Craftsman tools

Re: sears cc approval questions

Jazzzy — Fri, 27 Nov 2009 16:18:50 GMT

@Kay_Cee wrote:
Sears, historically, is a hard card to get. It is backed by Citi Corp for both the store card and one of their Mastercards. They have a Sears Solution card backed by HSBC. Which card did you apply for and did you do it online or in the store? The decision in the store is instant. What are your scores?

@Anonymous have the Sears MasterCard. We've had is since 1989...so, it's 20 years old. I'm sure it started as a regular Sears card. It has the lowest credit line of any of our cards @ $3k. I was on the phone with them in August and asked about an increase. I don't even know why I asked. We don't use the card much. It has no meaningful rewards, and I'm a rewards junkie.

@Anonymous...no increase. Since August we've gotten a CLI on our AmEx to $6k, a new PenFed VISA @ $5k, and a new Discover at $13k+. I don't try to figure Sears out any longer.

Re: sears cc approval questions

Red1Blue — Fri, 27 Nov 2009 18:04:44 GMT

If they approve you for HSBC / Sears MC then you can get your EX-Fico Scores. That is the only credit card that offers ex-fico scores ( besides psecu).

Re: sears cc approval questions

Jazzzy — Fri, 27 Nov 2009 20:34:16 GMT

@Red1Blue wrote:
If they approve you for HSBC / Sears MC then you can get your EX-Fico Scores. That is the only credit card that offers ex-fico scores ( besides psecu).

Hi concorduser,

I have a Sears Citi MC...do they use different banks for their MCs?

What they give me is a TransRisk score from TU.

Re: sears cc approval questions

Red1Blue — Fri, 27 Nov 2009 20:41:52 GMT

@LynetteM wrote:
Hi concorduser,

I have a Sears Citi MC...do they use different banks for their MCs?

What they give me is a TransRisk score from TU.

Yes, sears cards are issued by both citi and hsbc. HSBC card allows you to get the ex-fico scores.

Re: sears cc approval questions

DI — Fri, 27 Nov 2009 20:50:00 GMT

@Red1Blue wrote:
@LynetteM wrote:
Hi concorduser,

I have a Sears Citi MC...do they use different banks for their MCs?

What they give me is a TransRisk score from TU.
Yes, sears cards are issued by both citi and hsbc. HSBC card allows you to get the ex-fico scores.

You are right concorduser. Unfortunately, I have the Citi Sears card, I only get the FAKO score.

Re: sears cc approval questions

Jazzzy — Fri, 27 Nov 2009 21:24:14 GMT

Thanks DI and concorduser.

All I can say is poo....

That would have been a nice way to get your EX score.

Re: sears cc approval questions

DI — Fri, 27 Nov 2009 21:32:13 GMT

I'll keep that card on my app list for July 2010. I'll replace it with the Sears Store Citi endorsed card.

Re: sears cc approval questions

Anonymous — Sat, 28 Nov 2009 12:01:13 GMT

Does Sears have a recon number if this does get turned down? Thanks for all the input.

Re: sears cc approval questions

DI — Sat, 28 Nov 2009 13:56:11 GMT

@Anonymous wrote:
Does Sears have a recon number if this does get turned down? Thanks for all the input.

I'm not aware of a recon number. Most Sears cards are instantly approved if eveything on your credit reports are matching up. I got approve instantly online for $3600 back in Sept.