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Sears Canada Bank credit cards


The Sears Canada bank offers two credit card products: Sears Club Points and Sears MasterCard, intended for persons who would like to collect rewards points. With Sears Club, holders get 2 percent back as an instant redemption or in the form of rewards cards. Every dollar spent at Sears brings 2 bonus points, and card holders get 1 point by shopping at merchant partners, including Ticketmaster, AMJ Campbell Van Lines, Pharmasave, Rob McIntosh China Crystal Shops, and Petro-Canada, among others. Clients who choose the Sears MasterCard earn one bonus points for every $1 spent at locations in which the card is accepted. One thousand points equals $10 in rewards, with clients earning double points when shopping at Sears.

Likely applicants for the Sears Club Points credit card are Canadian residents of the age of majority in their respective territory or province of residence. They have to provide personal information, monthly mortgage or rent, employer name and occupation, gross monthly income, employment status and length of employment, and other relevant information. This financial product goes with no annual fee, interest rate of 29.9 percent on cash advances and purchases, and grace period of 25 days or more. The minimum payment is in the amount of the new account balance, including any over the credit limit fees, or $10. Other charges include a fast card fee of $20, dishonored check fee of $25, copy of sales draft fee of $3, and cash advance fee of minimum $5 or 1 percent of the cash advance amount.

The Sears MasterCard goes with an annual interest rate of 19.99 percent, no annual fee, and grace period of 21 days. The minimum payment is 1 percent of the new balance or $10, plus past due amounts, insurance premiums, low interest program payments, and any amount that exceeds the credit limit. Other charges include a dishonored check fee of $25, copy of sales draft fee of $4, over the credit limit fee of $25, and fast card fee of $20. The fee for cash advances is a minimum of $5 or 1 percent of the cash advance amount. The Sears MasterCard goes with free additional cards, and the annual fee is zero. Family members and friends can use the card, enjoying the privileges and benefits and earning bonus points on purchases charged to the Sears MasterCard. Points are redeemed instantly at all Sears stores, over the phone, or online. In addition, card holders have access to exclusive offers, including coupons, holiday destinations payable in monthly installments (e.g. Lakes and Mountains of Slovenia, Inca Trek and Machu Picchu, Everest Base Camp and Kala Patar), and others. Likely applicants for this financial product are again residents of Canada who have reached the majority age in their territory or province of residence. They have to provide personal details, including name, date of birth, and address, along with monthly mortgage or rent, gross monthly income, employment status (full time or part time), occupation and employer’s name.

Holders of the Sears MasterCard enjoy worldwide acceptance while the Sears Club Points credit card is accepted at Sears stores and merchant partners like Pharmasave and Petro-Canada. Card holders can either redeem their bonus points or donate a chosen amount to the Boys and Girls Clubs of Canada.


Sears Canada Bank credit card reviews and credit card application details.

NameTypeInterest RateAnnual Fee
Sears MasterCardMasterCard18.9%$0
Sears CardStore28.8%$0