Sears 10% Cash Back Offer on Grocery, Gas & Restaurant Purchases

[CribDuchess]

Sears is really trying to become my primary credit card as of late.  This latest offer is 10% cash back (statement credit) on grocery, gas station, and restaurant purchases through December 31st.  It's a maxium of $100 cash back each month.  We can easily meet this spend to get the full $100 per month, as I recently added my son as an AU.  Have already received $100 back for October spending.

[CreditUnionFan]

10% is a sweet offer. Is that in "Shop Your Way" rewards, or cold hard cash?

I'm surprised that Citibank hasn't done a larger conversion of store-only cards to the co-branded MC.

[CribDuchess]

It's cold hard cash, in the form of a statement credit. I have no use for Shop Your Way rewards.

I've had my Sears card since 1994, and it took 20 years for them to upgrade it to a MasterCard. When they did that, it still had a paltry limit of $400 or something like that. After the upgrade, I went online and hit the luv button to get the limit increased to $10,100 and it was a SP.

It's not sexy, but I will use the card for the 10% back.

[AverageJoesCredit]

Lol! I wonder how they came up with the 10,100? Better than 400 though and 10% is 10%. Nice

[CribDuchess]

I wish I knew. Like that extra $100 in limit would make such a difference? But that's Citi for ya.

Another annoying thing is the online account for the Sears card. It doesn't show pending purchases, which is very annoying. I tried to see if I could add the Sears card to my existing online account for Citi, which has my other three Citi cards, but when I enter the Sears card number it just gives me an error.

But I agree, 10% is 10% and that's nice.

[Anonymous]

Is this for all Sears cardholders or just specially selected cardholders? I have a Sears card, but don't ever use it. I got it when I made a larger purchase (appliance) just for the discount.

[CribDuchess]

I think you have to receive the offer and then enroll in it. But, it wouldn't hurt to call them to see if it's available on your card.

I don't typically use my Sears card, but these kind of offers ensure that it gets swiped. They basically are paying me to use the card.

[Anonymous]

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@CribDuchess wrote:

I've had my Sears card since 1994, and it took 20 years for them to upgrade it to a MasterCard. When they did that, it still had a paltry limit of $400 or something like that. After the upgrade, I went online and hit the luv button to get the limit increased to $10,100 and it was a SP.

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Impressive >25X CLI!  Can't say I've seen many that high in terms of ratio.

[CribDuchess]

Thanks Brutal! I do think they were generous. I now have over $66k in CL with Citi across 4 cards.

[happypill]

Wow, 10% statement credits is a solid offer and $100 per month is a nice reward.  Not like some other "special offers" where you can earn like $15.  I'm not sure, but it does seem like there is a $300 minimum for the rewards to kick in, but otherwise very strong.