Sears Solution MasterCard

[Anonymous]

I brought this up in another thread but I thought this might deserve its own.  I recently went to Sears to purchase a treadmill and applied for a Sears Credit Card.  The application came through approved for a MasterCard.  I was so excited because I know Citi is a hard bank to get in with and since I am currently repairing my credit I was THRILLED!!  Well...I received the card in the mail the other day and it is not issued by Citi but by HSBC, the card is called Sears Solution MasterCard.  I guess Sears joined forces with them because Citi was turning too many people down.  So I just wanted people to beware because I looked at my credit report and this resulted in 2 hard pulls!! One from Citi and one from HSBC.  It also stinks because upon reading everything, it looks like you don't even get the nice benefits you get from Citi ( 0% interest, etc).  I did receive a $15.00 Credit for opening up the card.  I guess it will be sock drawed until the benefits get better.

[unknown_entity]

WOW!!  That's like expecting a Corvette and getting a Mo-Ped.  Talk about bait & switch. 

[Anonymous]

Sorry to hear OneDay.

I didn't even KNOW HSBC handled Sear's. I know they handle a Discover branded cc, when you get turned down by Discover.

What kind of cl did you get on the card? Decent I hope!

[NICKI183]

I see that HSBC is an undercover financer.  They get you when others don't, plus the are also behind several retail credit cards.