More Sears Card Promos

[coldfusion]

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@binaryhermit wrote:

Here's the big question, when Sears goes to the shopping mall in the sky in a couple years, what happens to all the Sears credit cards?

(I'm assuming any closed loop cards will close and the Sears Mastercard will be converted into some sort of non-Sears Citi Mastercard)

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There have been speculative comments tossed around the site before and if anybody knows what Citi's contingency is they haven't shared it publicly.   I'll worry about it when it happens, until then I'll continue to leverage those promotions that I can meet organically. 

[Credit-hoarder]

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@coldfusion wrote:

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@binaryhermit wrote:

Here's the big question, when Sears goes to the shopping mall in the sky in a couple years, what happens to all the Sears credit cards?

(I'm assuming any closed loop cards will close and the Sears Mastercard will be converted into some sort of non-Sears Citi Mastercard)

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There have been speculative comments tossed around the site before and if anybody knows what Citi's contingency is they haven't shared it publicly.   I'll worry about it when it happens, until then I'll continue to leverage those promotions that I can meet organically. 

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Or perhaps Sears will be around as a catalog store for many more years and the cards will stay active--but if that happens it will remain to be seen if Citi keeps the portfolio. Heck--Montgomery Wards is still in business online 20 years after closing all their stores.

[ptatohed]

If anyone has noticed, this month (Feb '23), in the Shop Your Way app, the usual Mission of 3 grocery or delivery purchases for 3,000 SYW points ($3) has been replaced by one purchase for 5,000 pts ($5).  Love it!  There are two more 5k Missions but I pretty much only use the SYW app for WalMart so I don't think I will capitalize on them.  But I have already met the first 5k Mission with a WM+ order.    

[ptatohed]

Received this today.  It says 'remember' but, honestly, this is the first time I recall seeing this offer.  I will continue to PIF but I thought I'd share.  

Your promotional APR is still available

ptatohed, remember, your limited-time promotional rate of

0.00%

applies to all new purchases made with your Shop Your Way Mastercard® outside of Sears®, Kmart® and Shop Your Way® until*

10/01/2023

After that, your regular, variable purchase APR will apply:

29.49%

This APR is as of 02/07/2023 and will vary with the market based on the Prime Rate.

[DONZI]

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@coldfusion wrote:

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@DONZI wrote:

Geesh, Citibank has been the card issuer for sears as long as I can remember.

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They took over the portfolio in 2003 and immediately converted a subset of cardholders from the store card to a Mastercard.

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Darn, my memory is fading too soon!

@coldfusion  Thanks for the memory refresh!

Since you mentioned that, I recall thinking my first issue sears card was from within the sears empire during the 1980's.

[SpaceCityCCuser]

Shutting down their catalogue for awhile and buying Kmart, many bad moves hastened their decline, along with Amazon.

[binaryhermit]

Actually, technically KMart bought Sears.

Sears was basically the pre-internet version of Amazon, they could have fairly easily been Amazon if they had the foresight to go online.

But it's easy to say this in 2023 when Sears is on life support.

But Sears's biggest problem was their former CEO/landlord/banker Eddie Lampert's schemes to transfer Sears's assets to himself

[coldfusion]

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@binaryhermit wrote:

Actually, technically KMart bought Sears.

Sears was basically the pre-internet version of Amazon, they could have fairly easily been Amazon if they had the foresight to go online.

But it's easy to say this in 2023 when Sears is on life support.

But Sears's biggest problem was their former CEO/landlord/banker Eddie Lampert's schemes to transfer Sears's assets to himself

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They were spinning around the bowl well before Eddit Lampert came along, their glory days were already behind them in the early 1990s.

[coldfusion]

Got this promo in the mail today. For whatever reason Citibank mails me offers, they do not email me. 

$500 online spend from activation time through 4/14 earns 4,000 bonus + the normal earned 500 TYP for total of 4500 TYP (9% return if cashed out). 

[ptatohed]

I wasn't going to post mine @coldfusion but I guess I will now that you did.    Honestly, I don't care for these on-line spending ones.  While 6.67% CB from the offer alone is great, I'd prefer offers that match more closely with my organic spend.