Sears Shop Your Way Mastercard®

Sears Shop Your Way Mastercard® Review

This is a store rewards card issued by Citi®. If you're wondering whether Sears credit card is the right card for you, read on.

Key Takeaways

• Signup bonus. Offers a signup bonus of up to $40 if you spend $50 within 1 months.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 27.49%
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 5% Balance transfer fee. Sears Shop Your Way Mastercard® charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $10.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of Sears credit card

The Good

The Bad

No annual fee. Cardholders can earn rewards on their purchases. Sears Shop Your Way Mastercard® reports to multiple credit bureaus.

High interest rates. You may only earn 5% back on eligible gas station purchases and 3% back in points on eligible restaurant and grocery store purchases on the first combined purchases of $10,000 per calendar year and then 1% thereafter. Higher than average purchase APRs. You need good credit to qualify. Charges a foreign transaction fee of 3%. You don't earn rewards on every purchase. Charges a 5% balance transfer fee

Sears credit card FAQ

Does Sears credit card have a cash back or rewards program?

Sears credit card is a rewards card.

Sears credit card Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	$40
Signup Bonus Spend Requirement	$50
Signup Bonus Spend Period (months)	1 months

What are the Sears credit card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Sears credit card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Sears Shop Your Way Mastercard® has a variable purchase APR of 27.49%. The card has a variable balance transfer APR of 27.49% . It also has a variable cash advance APR of 29.40% .

What are the fees for Sears credit card?

The following fees apply:

Sears credit card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$
Initial Program Fee	$
Foreign Transaction Fee	3%
Returned Payment Fee	$
Late Payment Fee	Starting at $40 up to $

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.

Does Sears Shop Your Way Mastercard® report your account activity to credit bureaus?

Yes, Sears Shop Your Way Mastercard® reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Sears credit card

• Visit the Sears credit card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.