Thinking of a Sears Credit card and wondering if it is the best one for you? Both the Sears Credit Card and the Sears Shop your Way Mastercard offer some perks for Kmart and Sears shoppers, but there are both positives and negatives that keep from allowing you to consider either as an appropriate choice.
The first issue that people have with the card is that it has a higher limit than most cards. While a low limit is fine for those who rarely shop at the store, this limit can easily get out of hand when a person has a very large shopping list that needs to be followed up on. This means that there is a higher fee associated with having this card than other cards because there is always a higher amount of money available in the account.
This higher fee also works against those who use their cards often and use the card on a frequent basis. Since the interest charges are so high, the rewards offered by the card will not be as attractive as they would be on a lower limit card. If you don't really need the card, you can probably save enough of a bit of money each month to justify having one anyway.
Another benefit that the Shop Your Way card offers is that it is accepted at Kmart stores nationwide. This card is only valid at Kmart, so those who shop at other stores will not be able to take advantage of this particular card. If you do not shop at Kmart regularly, this may not be a big deal, but for those who do shop at the store every day, the availability of the card could be helpful.
In addition to this, another negative of the card is that it does not work at many store locations. It does not work at drugstores, grocery stores, and department stores. This can make this a rather limited card to have especially if you often visit different stores.
Lastly, if you do not have a lot of cash in the bank, you may not be able to qualify for this card. Since it has a higher credit limit than other cards, you may end up paying much higher interest payments than you would pay on a regular card.
If you want to find out more information on the Sears Credit Card, you should go online and look around. The site that you visit will give you all of the details about this card, including how to apply, what your options are, and whether or not you have to be a . . . . . . resident of the state in order to qualify for the card. It will also give you a list of all the stores that accept the card so that you can compare them.
There are pros and cons to both of these options and both should be considered before choosing a card for you. Make sure that you take the time to compare them so that you can find the best credit card that suits your needs.