Sears Credit Card

Sears Credit Card is a exclusive credit card that give special offer when you use your Sears card to shop at Sears and Kmart stores. You have special rewards to win great deals on Kenmore refrigerators, microwaves, washers and dryers, Craftsman tools and so much more!

Sears Credit Card

Sears Credit Card features:
1. Sears Gold MasterCard. The only card that combines the purchasing power of MasterCard, plus optional Sears Choice Rewards

2. Sears Commercial One Card. This Sears business card offers invoice detail and simplified expense tracking. Shop at Sears for specialty tools, lawn tractors and more

3. The Sears Home Improvement Account^SM was designed to make monthly payments on large, installed Sears purchases easier on your budget. Use your account for all your home improvement needs.

4. Shop in Sears, Kmart stores, Sears.com and Kmart.com for great deals on tools and appliances, and at Sears Auto Centers. Plus, you can make convenient monthly payments.

Sears Credit Cards Key Benefits:

1. Exclusive cardmember-only sales and special financing offers throughout the year with savings on Kenmore appliances, Craftsman tools & name-brand home electronics.

2. $0 Liability on unauthorized purchases

3. Temporary shopping pass if you forget your card

4. Use your card at Sears, Kmart, Sears.com, Kmart.com, Lands’ End, and anywhere MasterCard credit cards are accepted

5. Comprehensive protection available to Sears cardmembers and more.

Unlike other credit cards, Sears Credit Card has no annual fee. This feature gives additional for the customer.

Here some tips before applying new credit cards:

How Will You Repay The Credit Card?

It is also useful to check on introductory rates, balance transfer rates and any special offers that apply when taking out a new credit card. Some credit cards offer lifetime balance transfer rates that are much lower than the standard variable rate. Others offer reductions in the variable rate for periods of up to 12 months. Still others offer an incentive for taking out the card, such as cash back or a sports bag.

What Incentives Are There?

Another area to look at is incentives for using your first credit card. For example, some credit cards offer cash back on credit card purchases which people can apply to pay off the card. Others offer discounts when the credit card is used with certain manufacturers. Still others offer the option of making charitable contributions on customers’ behalf.

A key area to consider is the annual percentage rate (APR). This is the rate that customers pay on purchases once the incentive period has run out. These rates vary considerably, so it is worth shopping around.

Credit Card Payment Rates And Fees

The minimum payment is another area of concern. Minimum payments on outstanding balances tend to start around 3% but some may be lower and others may be much higher. Finally, the interest free period is of big concern – you’ll want to go for the longest period you can get to keep those payments down.

Finally, consumers need to consider any other fees that might apply to the credit card account. Some credit cards charge one-off setup fees; others charge annual fees; still others charge no fees for owning the card. It’s best for consumers to read the small print to see what fees and rates apply to the cards they have chosen.

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7 Things To Consider When Choosing A New Credit Card

How many times have you taken out a credit card based purely on its current interest rate or balance transfer option?

New Credit Card

You may be surprised to note there are at least 7 elements worthy of consideration when you take out a new credit card. To choose a new credit card on just one or two options could easily result in a bad deal for you. You need to consider the following 7 options when you take out a credit card:

1. The Initial Concessionary Interest Rate And Period

Many credit cards offer a 0% interest rate on purchases for a limited period, usually six to nine months. This option can be very attractive particularly when you do not repay the balance in full each month.

After the initial period the rate reverts to the standard rate, usually in the 10 to 16% range although this can be considerably higher.

Some cards however have no interest free offer but have a much lower permanent rate, from about 6.9% (although it will vary in line with general interest rate charges).

If you are likely to have a long term balance (if you are unable to pay off the debt within the first 6 to 9 months) this option could save you money in the medium to long term. You will not be able to switch to this rate if you have taken the 0% initial rate offer.

2. A Monthly Interest Free Period On New Purchases

This relates to the period between your purchase of an item and when you will be charged interest on that purchase amount. Many cards have a policy of only charging from the payment date after the item appears on your card statement.

The effect of this is to give you between approximately 25 days and 56 days interest free credit on all purchases. Clearing your balance within this period will result in no interest being charged.

Some cards will charge interest immediately from the date of purchase and are therefore not suitable if you clear your balance each month.

3. The Annual Fee

Many new credit cards have now implemented an annual fee. This fee is chargeable whether you clear the debt each month or if you roll over your debt.

4. 0% Balance Transfers

When taking out a new credit card you will normally have the option of transferring any outstanding balance to your new credit card with no interest charged for a specified period.

Although marketed as a “0% balance transfer” many are not totally free of charge. An increasing number now charge a one off charge of 2-3% of the amount transferred as an “administration chearge” for handling the transfer.

This is legally not an interest charge but it amounts to the same thing – you are charged a fee by your credit card company based on the amount transferred.

The availability of true 0% balance transfers is disappearing and in all likely hood will completely disappear sometime soon. If a 0% balance transfer is important to you take advantage soon, however be aware that many of these cards have higher subsequent interest rates.

5. The Availability Of Cashback

Many cards now offer cashback on purchases. This is usually is between 1/2 and 1% of new purchases (excluding balance transfers and cash withdrawal). If you do not repay your account in full each month take this into account when considering the interest rate chargeable.

It is only where you repay the card in full each month that this is a true cashback on purchases and if you do repay in full each month you may choose to make this a priority.

6. The Rewards And Discounts Offered With Your New Credit Card

Rewards are where you can purchase goods or services at a discount by using your new credit card, or you have free insurance on purchases made using your credit card.

In the credit card business nothing is free. If there are rewards offered the cost will be built in somewhere (usually a higher interest charge) so compare with other cards not offering the same rewards.

7. Credit Card Payment Insurance

Whether you take this option or not most cards now offer some sort of payment protection insurance in the event of sickness and disability. In the past this cover was limited to paying the minimum monthly payment however many cards now pay 10% of the balance on the card at the time your claim commences and may be worth considering.

Be very careful with this insurance as it will exclude any condition you suffer from when the cover commences and similarly any redundancy announced before the cover commences.

Taking out a new credit card is more complex than it seems at first. As you can see when considering a new credit card there are a number of aspects which must be taken into account and t can be very difficult choosing a new card.

There are many comparison services available that can help you cut through the confusion and I suggest you consult one or more before making your decision.

In all cases priority your requirements and only apply for the credit card which best matches your circumstances. Don’t just pick the card with the longest balance transfer period or lowest interest rate as it may cost more in the longer term.

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