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Sears MasterCard credit card reviews


Sears MasterCard credit card details and credit card application link.

Sears Canada is one of the largest and most popular department store chains in the country. At present, the company enlists over 11,000 employees and operates 196 corporate stores, 195 dealer stores, and 108 travel offices, located in all Canadian provinces and territories. Sears' main focus is on the retail of various products for home and personal usage, although it also offers travel packages to destinations all over the world. The latest additions to its product range are the Sears Card and the Sears MasterCard, two credit cards which provide a large array of advantages to their holders. Read on to find out more about the features of the second and more often requested of the two, the Sears MasterCard.

As a Sears MasterCard holder, you are entitled to participating in the company's rewards points program, Sears Club, which grants 1 SC point for every dollar you spend, regardless of the store in which you have made the purchase. For people who prefer to shop at Sears stores, there is a bonus purchases there earn twice as many SP points as those made elsewhere. Every 1,000 points are worth $10, which you can immediately redeem for goods offered by Sears and Sears Travel or by a wide array of partnering companies, such as Petro-Canada, HMV, Amazon.ca, Ticketking and Pharmasave.

If you do not want to use your points, you can donate them to the Boys and Girls Club of Canada charity, an organization that provides safe and fun environment, where children can play and learn after school (every year more than 144,000 Canadian children benefit from the donations made to this charity).

Sears will not collect annual fees for servicing your credit line, and you can request, free of charge, additional cards for family members and friends, whom you have authorized to draw from the card account. No annual fees will be levied on these cards either, and the purchases made with them will add up to your SC points tally.

The annual interest rate of the Sears MasterCard is 18.9 percent on all purchases, including cash advances, with a grace period of 21 days from the account statement date. This is a lower rate than what some of the other cards on the market charge, e.g. the BMO Gold Air Miles Card (19.5 percent), the Home Trust Secured VISA Card (19.99 percent), and the Home Depot Commercial Card (21.99 percent).

Overall, the Sears MasterCard is one of the better credit cards available to customers today, mainly thanks to its broad rewards program and user-friendly interest rate. If you still want to look at other offers, you may check the Walmart Credit Card. This product is featured in two versions: Discover and regular type. The card goes with a standard interest rate of 23.99 percent and a preferred rate of 18.99 percent, no annual fee, and grace period of 21 days. All Canadian residents of legal age, except for Quebec, with annual income of at least $12,000 and who have not declared bankruptcy over the last sever years are likely applicants. Being accepted in 210 countries, the card comes with added benefits such as an inbuilt computer chip, PayPass, and a rewards program. With rewards being proportional to purchase amounts, clients get 0.1 percent for purchases between $1,500 and $3,000 and 1 percent above this sum.


Credit Card Details
NameSears MasterCard Apply Now
TypeMasterCard
Interest Rate18.9%
Annual Fee$0
RewardsYes
Cash BackNo
AirlineNo
StudentNo
SecureNo
PrepaidNo
StoreYes
BusinessNo
Low InterestNo
Auto and GasNo
Instant ApprovalNo
Balance TransferNo
US DollarNo
No Annual FeeYes