Congratulations! I was thinking about applying for the Sears/Kmart card as well, as I am hopeful they will stay in business (even if they downsize) - my local Kmart recently got renovated and is still buzzing with business (there is a Target down the street, but no Walmart anywhere nearby for miles)
I like some of the exclusive brands that Sears and Kmart carry, not sure what I'll do if I can't get them anymore.